Global Plastic Antioxidants Market Information- by Polymer Resin (Polyethylene, Polypropylene, Polyvinylchloride, Polystyrene, Acrylonitrile Butadiene Styrene), Antioxidants Type (Phenolic, Phosphite & Phosphonite, Antioxidant Blends) – Forecast till 2023
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Pune, India — (SBWIRE) — 12/07/2017 — The inhibitors which are added in the resins to protect the materials or equipment are called Plastic Antioxidants. It has various significant properties such as excellent tensile strength, protection against thermally induced oxidation with impact resistance. It is used to provide flexibility, quality, and durability to the product.
The Global Plastic Antioxidants Market has been driven by its growing consumption in various sectors such as aerospace, automotive, coil, petrochemical, and others. Moreover, it is estimated that the acrylonitrile butadiene styrene resin segment is set to witness the highest growth in the market due to rising substitution of heavy metals by lightweight materials.
The Global Plastic Antioxidants Market is segregated into polymer resin and antioxidants type. On the basis of polymer resin, the market is further categorized into polyethylene, polypropylene, polyvinylchloride, polystyrene, and acrylonitrile butadiene styrene. The most widely used resin type in the market is polypropylene segment, due to its growing consumption in construction and buildings, petrochemical and electronics industries. It is predicted that the acrylonitrile butadiene styrene segment is set to grow at a higher CAGR due to excellent features offered by the product such as tensile strength, optimal performance and ductility. Moreover, the market is driven by the increasing consumption of polyethylene resins in heavy end industries.
On the Basis of Antioxidants Type, the market is segmented into phenolic, phosphite & phosphonite, antioxidant blends. Between these, the phosphite & phosphonite is the…