The demand for rigid and lightweight packaging material is expected to influence manufacturers to come up with new-age solutions in a bid to comply with the robustly progressing e-Commerce channels relying on reliable packaging and fast transportation. Plastic antioxidants are carving spaces in various brackets - aerospace, automobile, and packaging, on account of high thermal stability and resistant against oxidation. The global plastic antioxidants market reached the value of ~US$ 807 million in 2018, and is expected to grow at a healthy rate of ~6% over the foreseeable period, witnessing surging demands from industrialists looking for durable materials for their products. The region of Asia Pacific holds lion’s share in the total market revenue on grounds of rising growth in the construction sector, and consumer goods sector in countries, including China. These insights are according to the intelligence report, titled, "Plastic antioxidants Market-Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027," which has been of late added to Market Research Hub’s (MRH) overarching armamentarium.
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The Battle between Recyclable Polymer and Rising Sustainable Issues
Market players are banking on stabilized polypropylene (PP) for protection of products against thermo-oxidative degradation. Yet, upswing in construction activities are driving manufacturers to turn to PVC for creating pipes, sliders, and electric cables. Further plastic antioxidants shield polymers from radiation, corrosion, and excessive heating, thereby improving the durability of the packaging. However, consumption of plastic antioxidant is giving rise to health concerns, including birth defects, infertility, delay in neurodevelopment, and hormone disruptions, as well as deteriorating the surroundings. As such, manufacturers are banking on plant-based antioxidants.
Stringent environmental amendments on plastic usage are compelling manufacturers to ‘recycle’ polymers, including PP, owing to low density and high melting point. Key market players are utilizing amine-based polymers following protection during extreme temperatures, making them ideal in the automobile vertical for the production of electric vehicles (EV) and driverless vehicles.
Furthermore, regional participants are entering into collaborations with manufacturers based in target locations. For instance, Raschig GmbH provides pepped-up antioxidants to shield products from the adversaries of mechanical strain, heat, and light.
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Plastic Antioxidants Market: Report Content
Quantitative and qualitative assessment exhort intelligence and overarching report on the plastic antioxidants market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the plastic antioxidants market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on plastic antioxidants.
An insightful and deep-dive assessment of the competitive assessment of the plastic antioxidants market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the plastic antioxidants market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Plastic Antioxidants Market: Research Methodology
Primary sources and secondary sources propel intelligence report on plastic antioxidants market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on plastic antioxidants market further acknowledges secondary sources-namely-Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.
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