Plastic Antioxidants Market to Reach USD 6.93 Billion by 2032 | SNS Insider [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
Austin, April 10, 2025 (GLOBE NEWSWIRE) -- The SNS Insider report indicates that, “ The Plastic Antioxidants Market Size was valued at USD 4.16 Billion in 2023 and is expected to reach USD 6.93 Billion by 2032, growing at a CAGR of 5.84% over the forecast period of 2024-2032. ” Sustaining Plastics: The Rising Demand for Antioxidants in Key Industries Amid Regulatory and Market Advancements The plastic antioxidants market is witnessing significant growth, driven by rising demand in industries like packaging, automotive, and construction. These additives enhance plastic durability by preventing oxidative degradation caused by heat and light exposure. The increasing use of plastics in food packaging and medical applications further fuels demand. Regulatory bodies, including the U.S. EPA, emphasize sustainable plastic usage, encouraging manufacturers to integrate antioxidants for extended product lifespans. Companies like BASF and SI Group are investing in advanced antioxidant produc
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