Plastic Antioxidants Market: A Booming Sector with Promising Prospects
Plastic antioxidants are chemical compounds that are added to plastics to protect them from degradation caused by UV radiation, oxygen, and other environmental components. They work by interacting with free radicals generated when plastic is exposed to hazardous substances and preventing them from causing damage to the plastic. The most frequent types of plastic antioxidants are phenols and phenolic...
Study Predicts Growth in Market for Plastic Antioxidants
Plastic Antioxidants Market Industry Leaders & New Revenue Pockets
The plastic antioxidants market size is estimated to be USD 2.0 billion in 2020 and is expected to reach USD 2.6 billion by 2025, at a CAGR of 5.3% during the forecast period. Factors such as plastics replacing conventional materials, increasing demand in medical industry, and rapid urbanization in developing countries...