The global plastic antioxidants market was valued at $3,020.9 million in 2018, and is projected to reach $4,962.2 million by 2026, growing at a CAGR of 6.4% from 2019 to 2026. 

Antioxidants are additives used during plastic production. They are added to plastic to eliminate degradation processes caused by thermo-mechanical as well as thermo-oxidative conditions. Antioxidants help in extending the life cycle of plastic, increase color deterioration, offer tensile strength and elongation, reduced impact resistance, cracking, and other surface deterioration.

Primary antioxidants and secondary antioxidants are the two major categories of plastic antioxidants, and plastic made from primary type is often combined with secondary to produce thermally stable plastic products. In addition, a combination of primary and secondary antioxidants provides additional processing stability during plastic production.

The global plastic antioxidants market is in the growth phase in its industry life cycle and is expected to continue growing in a similar phase during the forecast period. These antioxidants are used in plastic production that eliminate the plastic degradation process.

Furthermore, growth in use of plastic consumption also boosts the demand for plastic antioxidants. The plastic antioxidants market is expected to grow significantly during the next few decades, owing to unavailability of a perfect and economically viable substitute for plastic introduced in the market. On the other hand, implementation of stringent regulatory policies are expected to restrain the plastic antioxidants market growth.