my country’s plastic antioxidant market has strong demand and green environmental protection is the main direction of industry development

Plastic antioxidants refer to plastic additives that can effectively reduce the auto-oxidation reaction rate of plastic materials and delay the aging and degradation of plastic materials. Plastic antioxidants have the advantages of strong extraction resistance, good antioxidant properties, UV resistance, and volatilization resistance. They are widely used in the production process of plastic products such as polypropylene (PP) and polyethylene (PE). According to different base materials, plastic antioxidants can be divided into phenolic antioxidants, polymeric phenolic antioxidants, sulfur antioxidants, phosphorus antioxidants, natural antioxidants and composite antioxidants.

In terms of product segmentation, there are a wide variety of plastic antioxidants, with phenolic antioxidants being their representative products. Phenolic antioxidants can be divided into 2,6-di-tert-butylphenol, thiobisphenol, hydroquinone, etc. Phenolic antioxidants have the advantages of environmental protection, low toxicity, and good non-discoloration, and are widely used in the fields of synthetic fibers, synthetic rubber, and synthetic plastics. As the market demand for phenolic antioxidants continues to grow, the prosperity of my country’s plastic antioxidant industry will further increase.

In terms of application fields, plastic antioxidants are mainly used in plastic products such as polypropylene (PP) and polyethylene (PE). Taking polyethylene as an example, my country’s polyethylene production will reach 26.138 million tons in 2022, a year-on-year increase of 8.9%. As the development of downstream industries accelerates, the market demand for plastic antioxidants in my country is increasingly strong. According to the “2023-2028 China Plastic Antioxidant Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center , my country’s demand for plastic antioxidants will reach 250,000 tons in 2022.

In terms of market competition, the world’s leading plastic antioxidant companies include Germany’s BASF, Japan’s Aidico, South Korea’s Songwon, etc. There are many plastic antioxidant manufacturers in my country, but they are mainly small and medium-sized enterprises, and the market competition pattern is relatively fragmented. The main manufacturers of plastic antioxidants in my country include Qing’an Fine Chemical Co., Ltd., Yingkou Fengguang New Materials Co., Ltd., Tianjin Li’anlong New Materials Co., Ltd., Linyi Sanfeng Chemical Co., Ltd., Rongsheng Petrochemical Co., Ltd., Liaoning Dingji Petrochemical Co., Ltd., etc.

The plastic antioxidant market has broad prospects, but industry development still faces challenges. Plastic antioxidants produce waste gas, waste water and solid waste during the production process, which can easily cause environmental pollution. It is expected that in the future, with the deepening of environmental protection concepts and the improvement of the technological innovation level of local enterprises, my country’s plastic antioxidant industry will gradually develop in a green and environmentally friendly direction.

Industry analysts said that as a kind of plastic additive, the market demand for plastic antioxidants continues to grow, and the industry has good development prospects. There are a wide variety of plastic antioxidants, and phenolic antioxidants have excellent performance and are mainstream products in the market. Compared with overseas developed countries, my country’s plastic antioxidant technology level is relatively backward, and the market competition pattern is relatively fragmented. In the future, companies with green and environmentally friendly plastic antioxidants will occupy more of my country’s market share.