Plastic Antioxidants Market Size, Share, Demand Forecast 2022-28

The global plastic antioxidants market size was valued at USD 2.2 billion in 2021 and is poised to grow at a significant CAGR of 6.6% during the forecast period 2022–2028. Plastic antioxidants aid in the protection of materials against thermal as well as light-assisted oxidation processes produced by UV light exposure during high-temperature processing. They are used in a variety of applications to improve the aesthetic of items and retain their strength, toughness, and flexibility while extending their service life. Several companies now provide multifunctional versions with unique molecular architectures that integrate primary and secondary functionalities in a single chemical.