Global Market Size of Plastic Antioxidants Market – 10 Year Market Forecast

Chemicals

Plastic Antioxidants Market Size Forecast 2022-2029

 

The size of the global plastic antioxidants market is anticipated to reach a value of USD 2.21 billion in 2022 to USD 3.94 billion by 2029, at an estimated CAGR of 9%. The cumulative market size over the forecast period is calculated to be USD 27 billion. The APAC region is expected to represent the largest segment of the plastic antioxidants market over the forecast period. In the polymer resins segment of the report, polypropylene holds the largest market share, followed by polyethylene as the second-largest segment. Plastic being used as an alternative for the metal in automotive industries offers newer opportunities in this sector thereby expanding the market for plastic antioxidants.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• ?Global market database is a cloud based market research and intelligence tool that provides up to date market information about 600+ markets.
• What was the impact of COVID-19 on the plastic antioxidants market?

• The pandemic had a negative impact on the plastic antioxidants market because of reduced demand for additives used in plastic processing.
• What are the main application sectors of plastic antioxidants?

• The main application sectors of plastic antioxidants are petrochemicals, automotive and aerospace industries.
• What is the major type of plastic antioxidant in the market?

• The major type of plastic antioxidant in the market is phenolic antioxidant.
• Which polymer resin holds the major market shares of the plastic antioxidant market?

• The polymer resin which holds the major market shares of plastic antioxidant market is polypropylene.

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