India Petrochemical Antioxidants Market Report 2021, Size, Share, Growth, Analysis and Forecast to 2026

According to IMARC Group’s latest report, the India petrochemical antioxidants market grew at a CAGR of around 6% during 2015-2020. Looking forward, the market is expected to continue its moderate growth during 2021-2026.                                                            

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Petrochemical antioxidants are the group of chemicals that are combined with fuels and lubricants to prevent oxidation. Some of the commonly available product variants include antioxidant 168, antioxidant 1010, and antioxidant 1076. These antioxidants are majorly used to mitigate oxidative degradation that might lead to discoloration, gum formation, and reduced adhesion in gasoline, resins, and polymers. In India, these antioxidants find extensive applications across diverse industries, such as automotive, oil and gas, paints and coatings, etc.

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Market Trends

The growing utilization of petrochemical antioxidants to produce numerous essential chemicals, such as polypropylene, polyethylene, polyvinyl chloride, etc., is currently driving the demand for petrochemicals in India. These chemicals are widely used for various applications, including rubber processing, polymer formation, oil refining, etc. Additionally, the expanding oil and gas industry in the country is also augmenting the need for high-grade additives, such as petrochemical antioxidants, to control the fouling of several production and processing equipment. Besides his, the rising usage of gasoline and jet fuel across the aviation and automotive sectors is further catalyzing the demand for petrochemical antioxidants to provide better fuel stability and improved efficiency.  Moreover, the emergence of low-density polyethylene, which is used in greenhouse film covers, mulch films, netting, etc., will continue to bolster the market for petrochemical antioxidants in India over the forecasted period.

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List of Key Companies Covered in this Market Report:

• Adeka India Pvt. Ltd (ADEKA Corporation)
• BASF India Limited (BASF SE)
• HPL Additives Limited
• Lanya Chemical (India) Pvt. Ltd.
• SONGWON Specialty Chemicals India Pvt Ltd.
• Veeral Additives Private Ltd.

The report has segmented the market on the basis of product type and end use

Breakup by Product Type:

• Antioxidant 1010
• Antioxidant 168
• Antioxidant 1076
   

Breakup by End Use:

• Polyethylene
• Polypropylene
• Polyvinyl Chloride
• Polystyrene
• Acrylonitrile Butadiene Styrene
• Plastic Compounding
• Other Polymers
   

Key highlights of the report:

• Market Performance (2015-2020)
• Market Outlook (2021- 2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.