Plastic Antioxidant Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Plastic Antioxidant Market is segmented by Resin Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Polystyrene, and Acrylonitrile Butadiene Styrene), Antioxidant Type (Phenolic, Phosphite and Phosphonite, and Antioxidant Blends), Application (Packaging, Construction, Automotive, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Plastic Antioxidant Industry Overview

Plastic Antioxidant Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 5 %

Major Players

Plastic Antioxidant Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Plastic Antioxidant Market Analysis

The plastic antioxidants market is expected to register a CAGR of over 5% during the forecast period. The major factors driving the plastic antioxidants market are the replacement of conventional materials by plastics and increasing demand for polypropylene. On the flip side, stringent regulations imposed on plastic usage and unfavorable conditions arising due to the COVID-19 outbreak are the major restraints hindering the market growth.

  • Increasing applications of acrylonitrile butadiene styrene in various industries, such as electrical and electronics, home appliances, and automobiles, is expected to offer various lucrative opportunities for the growth of the market.
  • By polymer resin, the polypropylene segment is expected to dominate the plastic antioxidant market, owing to its susceptibility to oxidation and thermal degradation.
  • The Asia-Pacific region dominated the market across the world, with the largest consumption from countries, such as China and India.

Plastic Antioxidant Industry Segments

The plastic antioxidant market report includes:

Polymer Resin
Polyvinyl Chloride
Acrylonitrile Butadiene Styrene
Antioxidant Type
Phosphite and Phosphonite
Antioxident Blends
Other Applications
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Plastic Antioxidant Market Trends

This section covers the major market trends shaping the Plastic Antioxidant Market according to our research experts:

Increasing Demand for Polypropylene Resin

  • Plastic antioxidants are additives that are added during plastic production to eliminate thermal and oxidation degradation, and they help in increasing the shelf-life of products.
  • The usage of plastic antioxidants in polypropylene polymer resin is projected to be the highest during the forecast period, owing to the increasing use of polypropylene in packaging applications, which is likely to drive the plastic antioxidant market.
  • Polypropylene resins are also used in heavy-duty sacks, hygiene films, compounding, and others, which is increasing the demand for polypropylene, and consequently, the demand for plastic antioxidants is increasing.
  • The plastic packaging market value was estimated at USD 345.91 billion in 2019. It is expected to register a CAGR of over 3% during the forecast period and reach a value of USD 426.47 billion by 2025, which would increase the demand for polypropylene for packaging applications, thus stimulating the demand in the plastic antioxidant market.
  • Owing to the above-mentioned factors, the plastic antioxidant market is expected to grow rapidly over the forecast period.
Plastic Antioxidant Market, Revenue (%), By Resin Type, Global, 2019

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the plastic antioxidants market during the forecast period. In countries like China and India, owing to the increasing usage of various resins in various end-user industries, like electrical and electronics, automotive, and oil and gas, the demand for plastic antioxidants has been increasing in the region.
  • Owing to their thermal and oxidation resistance properties, the demand for polyethylene and polypropylene resins in the construction and building sector has been on the rise. The rapid increase in urbanization and industrialization in the region is further propelling the demand for plastic antioxidants.
  • The phenolic antioxidant type reduces the rate of oxidation of organic matter by transferring hydrogen atom from their OH group to the chain that carries ROO radical, owing to which it is widely used as a plastic additive in polyolefin and other plastic types.
  • Furthermore, acrylonitrile butadiene styrene resin is predicted to witness significant growth during the forecast period, due to use in several end-user industries, owing to properties, such as high tensile strength, stiffness, and ductility.
  • The construction industry in Asia-Pacific is projected to register a CAGR of over 5% during the forecast period, which may create high demand for polyethylene and polypropylene resins, thereby increasing the demand for the plastic antioxidant market in the region.
  • Some of the major companies operating in the Asia-Pacific region are BASF SE, SONGWON, and Solvay.
  • The aforementioned factors, coupled with government support, are expected to contribute to the increasing demand for plastic antioxidants during the forecast period.
Plastic Antioxidant Market Growth Rate By Region, 2020-2025

Plastic Antioxidant Market Competitor Analysis

The plastic antioxidant market is fragmented, with the top players accounting for a marginal share of the market. The major companies in the market include BASF SE, Solvay, SONGWON, SI Group Inc., and Clariant.

Plastic Antioxidant Market Top Players

  1. BASF SE


  3. SI Group, Inc.

  4. Clariant

  5. Solvay

*Disclaimer: Major Players sorted in no particular order

Plastic Antioxidant Market Concentration

Plastic Antioxidant Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Replacement of Conventional Materials by Plastics

      2. 4.1.2 Increasing Demand for Polypropylene

    2. 4.2 Restraints

      1. 4.2.1 Stringent Regulations Imposed on Plastics

      2. 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Polymer Resin

      1. 5.1.1 Polypropylene

      2. 5.1.2 Polyethylene

      3. 5.1.3 Polyvinyl Chloride

      4. 5.1.4 Polystyrene

      5. 5.1.5 Acrylonitrile Butadiene Styrene

    2. 5.2 Antioxidant Type

      1. 5.2.1 Phenolic

      2. 5.2.2 Phosphite and Phosphonite

      3. 5.2.3 Antioxident Blends

    3. 5.3 Application

      1. 5.3.1 Packaging

      2. 5.3.2 Construction

      3. 5.3.3 Automotive

      4. 5.3.4 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ADEKA CORPORATION

      2. 6.4.2 3V Sigma SpA

      3. 6.4.3 Ampacet Corporation

      4. 6.4.4 Astra Polymers

      5. 6.4.5 BASF SE

      6. 6.4.6 Clariant

      7. 6.4.7 Dover Chemical Corporation

      8. 6.4.8 Emerald Performance Materials

      9. 6.4.9 Everspring Chemical Co. Ltd

      10. 6.4.10 Milliken & Company

      11. 6.4.11 OMNOVA Solutions Inc.

      12. 6.4.12 Oxris

      13. 6.4.13 SI Group Inc.

      14. 6.4.14 Solvay

      15. 6.4.15 SONGWON

      16. 6.4.16 Sumitomo Chemical Co. Ltd

      17. 6.4.17 Trigon Antioxidants Pvt. Ltd

    5. *List Not Exhaustive

    1. 7.1 Growing Application of Acrylonitrile Butadiene Styrene

    2. 7.2 Other Opportunities

**Subject to Availability
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Plastic Antioxidant Market Research FAQs

The Plastic Antioxidant Market is studied from 2018 - 2028.

The Plastic Antioxidant Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

BASF SE, SONGWON, SI Group, Inc. , Clariant, Solvay are the major companies operating in Plastic Antioxidant Market .

Plastic Antioxidant Industry Reports

In-depth industry statistics and market share insights of the Plastic Antioxidant Market sector for 2020, 2021, and 2022. The Plastic Antioxidant Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Plastic Antioxidant Market report PDF.

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