Petrochemical Antioxidants Market is expected to witness market growth at a rate of 5.76% in the forecast period of 2021 to 2028. Data Bridge Market Research report on the petrochemical antioxidants market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various end-use applications is escalating the growth of the petrochemical antioxidants market.
Petrochemical antioxidants are defined as a group of chemicals added to fuels and lubricants to prevent oxidation. Antioxidant 1010, antioxidant 168, and antioxidant 1076 are some of the common product variants. These petrochemical antioxidants are widely utilized to mitigate oxidative degradation.
The expansion of the oil and gas industry across the globe acts as one of the major factors driving the growth of the petrochemical antioxidants market. The high use of petrochemical antioxidants to mitigate oxidative degradation leads to gum formation, reduced adhesion and discoloration in products such as gasoline, polymers, and resins, and high adoption in diverse industries, such as oil and gas automotive, paints and coatings accelerate the market growth. The increase in the use of these antioxidants in producing numerous essential chemicals, such as polyethylene, polypropylene, and polyvinyl chloride, among others and extensive usage of the chemicals in various applications, including polymer formation, rubber processing, oil refining further influence the market. Additionally, research and development activities, the surge in investment, and high use in the oil and gas sector positively affect the petrochemical antioxidants market. Furthermore, the emergence of low-density polyethylene and gasoline and jet fuel usage across the automotive and aviation sectors extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, the high cost associated with petrochemical antioxidants is expected to obstruct market growth. The presence of strict environmental regulations is projected to challenge the petrochemical antioxidants market in the forecast period of 2021-2028.
This petrochemical antioxidants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on petrochemical antioxidants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Competitive Landscape and Petrochemical Antioxidants Market Share Analysis
The petrochemical antioxidants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to petrochemical antioxidants market.
The major players covered in the petrochemical antioxidants market report are BASF SE, SONGWON, Adeka Corporation, Solvay, SI Group, Inc, Clariant, Sumitomo Chemical Co,Ltd, 3V Sigma S.P.A, Dover Chemical Corporation, Everspring Chemical Co., Ltd.,Ampacet Corporation, A.Schulman, Astra Polymers Compounding Co Ltd., Emerald Performance Materials LLC, Evonik Industries AG, Lanxess AG, Milliken & Company, OMNOVA Solutions Inc., Oxiris Chemicals S.A., Rifra Masterbatches S.P.A., Wells Plastics Ltd, Sakai Chemical Industry Co., Ltd., Shandong Linyi Sunny Wealth Chemicals Co., Ltd. and Trigon Antioxidants Pvt. Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Petrochemical Antioxidants Market Country Level Analysis
The petrochemical antioxidants market is analyzed and market size, volume information is provided by country, product type and end use as referenced above.
The countries covered in the global petrochemical antioxidants market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the petrochemical antioxidants market due to the increase in applications in various industries in the region.
Petrochemical Antioxidants Market Scope and Market Size
The petrochemical antioxidants market is segmented on the basis of product type and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of product type, the petrochemical antioxidants market is segmented into antioxidant 1010, antioxidant 168 and antioxidant 1076.
On the basis of end use, the petrochemical antioxidants market is segmented into polyethylene, polypropylene, polyvinyl chloride, polystyrene, acrylonitrile butadiene styrene, plastic compounding and other polymers.
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