Market Overview:
The India petrochemical antioxidants market grew at a CAGR of around 6% during 2015-2020. Looking forward, IMARC Group expects the market to continue its moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Petrochemical antioxidants refer to a group of chemicals that are added to fuels and lubricants to prevent oxidation. Some of the common product variants include antioxidant 1010, antioxidant 168, and antioxidant 1076. Petrochemical antioxidants are primarily used to mitigate oxidative degradation that may lead to gum formation, discoloration, and reduced adhesion in gasoline, polymers, and resins, respectively. In India, these antioxidants are widely adopted across diverse industries, such as oil and gas, automotive, paints and coatings, etc.
The increasing utilization of petrochemical antioxidants in the production of numerous essential chemicals, such as polyethylene, polypropylene, polyvinyl chloride, etc., is driving the market growth in the country. These chemicals are extensively used for various applications, including polymer formation, rubber processing, oil refining, etc. Moreover, the rising demand for natural and synthetic tackifier resins is also propelling the usage of petrochemical antioxidants for maintaining their adhesive properties. Apart from this, the growing adoption of petrochemical antioxidants for preventing thermo-oxidative degradation in carbon-based substrates is further augmenting the market growth in India. Moreover, the expanding oil and gas industry in the country is also bolstering the need for high-grade additives, such as petrochemical antioxidants, to control fouling of various production and processing equipment. In line with this, the rising usage of gasoline and jet fuel across the automotive and aviation sectors is further catalyzing the demand for petrochemical antioxidants to provide better fuel stability and improved efficiency. Additionally, the emergence of low-density polyethylene, which is used in mulch films, greenhouse film covers, netting, etc., will continue to drive the market for petrochemical antioxidants in India over the forecasted period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India petrochemical antioxidants market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on 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
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being 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. and Veeral Additives Private Ltd.
Key Questions Answered in This Report:
- How has the India petrochemical antioxidants market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the India petrochemical antioxidants market?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the India petrochemical antioxidants industry?
- What are the key driving factors and challenges in the India petrochemical antioxidants industry?
- What is the structure of the India petrochemical antioxidants industry and who are the key players?
- What is the degree of competition in the India petrochemical antioxidants industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Petrochemical Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 India Petrochemical Antioxidants Market
6.1 Market Overview
6.2 Market Performance
6.3 Impact of COVID-19
6.4 Market Forecast
7 India Antioxidant 1010 Market
7.1 Market Trends
7.2 Market Forecast
7.3 Market Breakup by End Use
7.3.1 Polyethylene
7.3.1.1 Market Trends
7.3.1.2 Market Forecast
7.3.2 Polypropylene
7.3.2.1 Market Trends
7.3.2.2 Market Forecast
7.3.3 Polyvinyl chloride
7.3.3.1 Market Trends
7.3.3.2 Market Forecast
7.3.4 Polystyrene
7.3.4.1 Market Trends
7.3.4.2 Market Forecast
7.3.5 Acrylonitrile Butadiene Styrene
7.3.5.1 Market Trends
7.3.5.2 Market Forecast
7.3.6 Plastic Compounding
7.3.6.1 Market Trends
7.3.6.2 Market Forecast
7.3.7 Other Polymers
7.3.7.1 Market Trends
7.3.7.2 Market Forecast
8 India Antioxidant 168 Market
8.1 Market Trends
8.2 Market Forecast
8.3 Market Breakup by End Use
8.3.1 Polyethylene
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 Polypropylene
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 Polystyrene
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Acrylonitrile Butadiene Styrene
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Plastic Compounding
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Other Polymers
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
9 India Antioxidant 1076 Market
9.1 Market Trends
9.2 Market Forecast
9.3 Market Breakup by End Use
9.3.1 Polyethylene
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 Polypropylene
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 Polyvinyl chloride
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Polystyrene
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Acrylonitrile Butadiene Styrene
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Plastic Compounding
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Other Polymers
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weakness
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porter’s Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Adeka India Pvt. Ltd (ADEKA Corporation)
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 BASF India Limited (BASF SE)
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 HPL Additives Limited
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Lanya Chemical (India) Pvt. Ltd.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 SONGWON Specialty Chemicals India Pvt Ltd.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.6 Veeral Additives Private Ltd.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
List of Figures
Figure 1: India: Petrochemical Antioxidants Market: Major Drivers and Challenges
Figure 2: India: Petrochemical Market: Production Volume (in ‘000 Metric Tons) 2015-2020
Figure 3: India: Petrochemical Market: Production Breakup by Product Type (in %), 2020
Figure 4: India: Petrochemical Market Forecast: Production Volume (in ‘000 Metric Tons) 2021-2026
Figure 5: India: Petrochemical Antioxidants Market: Demand Volume (in Metric Tons), 2015-2020
Figure 6: India: Petrochemical Antioxidants Market: Breakup by Product Type (in %), 2020
Figure 7: India: Petrochemical Antioxidants Market: Breakup by End Use (in %), 2020
Figure 8: India: Petrochemical Antioxidants Market Forecast: Demand Volume (in Metric Tons), 2021-2026
Figure 9: India: Antioxidant 1010 Market: Demand Volume (in Metric Tons), 2015-2020
Figure 10: India: Antioxidant 1010 Market Forecast: Demand Volume (in Metric Tons), 2021-2026
Figure 11: India: Antioxidant 1010 Market: Breakup by End Use (in %), 2020
Figure 12: India: Antioxidant 1010 Market: Demand Volume in Polyethylene (in Metric Tons), 2015-2020
Figure 13: India: Antioxidant 1010 Market Forecast: Demand Volume in Polyethylene (in Metric Tons), 2021-2026
Figure 14: India: Antioxidant 1010 Market: Demand Volume in Polypropylene (in Metric Tons), 2015-2020
Figure 15: India: Antioxidant 1010 Market Forecast: Demand Volume in Polypropylene (in Metric Tons), 2021-2026
Figure 16: India: Antioxidant 1010 Market: Demand Volume in Polyvinyl chloride (in Metric Tons), 2015-2020
Figure 17: India: Antioxidant 1010 Market Forecast: Demand Volume in Polyvinyl chloride (in Metric Tons), 2021-2026
Figure 18: India: Antioxidant 1010 Market: Demand Volume in Polystyrene (in Metric Tons), 2015-2020
Figure 19: India: Antioxidant 1010 Market Forecast: Demand Volume in Polystyrene (in Metric Tons), 2021-2026
Figure 20: India: Antioxidant 1010 Market: Demand Volume in Acrylonitrile Butadiene Styrene (in Metric Tons), 2015-2020
Figure 21: India: Antioxidant 1010 Market Forecast: Demand Volume in Acrylonitrile Butadiene Styrene (in Metric Tons), 2021-2026
Figure 22: India: Antioxidant 1010 Market: Demand Volume in Plastic Compounding (in Metric Tons), 2015-2020
Figure 23: India: Antioxidant 1010 Market Forecast: Demand Volume in Plastic Compounding (in Metric Tons), 2021-2026
Figure 24: India: Antioxidant 1010 Market: Demand Volume in Other Polymers (in Metric Tons), 2015-2020
Figure 25: India: Antioxidant 1010 Market Forecast: Demand Volume in Other Polymers (in Metric Tons), 2021-2026
Figure 26: India: Antioxidant 168 Market: Demand Volume (in Metric Tons), 2015-2020
Figure 27: India: Antioxidant 168 Market Forecast: Demand Volume (in Metric Tons), 2021-2026
Figure 28: India: Antioxidant 168 Market: Breakup by End Use (in %), 2020
Figure 29: India: Antioxidant 168 Market: Demand Volume in Polyethylene (in Metric Tons), 2015-2020
Figure 30: India: Antioxidant 168 Market Forecast: Demand Volume in Polyethylene (in Metric Tons), 2021-2026
Figure 31: India: Antioxidant 168 Market: Demand Volume in Polypropylene (in Metric Tons), 2015-2020
Figure 32: India: Antioxidant 168 Market Forecast: Demand Volume in Polypropylene (in Metric Tons), 2021-2026
Figure 33: India: Antioxidant 168 Market: Demand Volume in Polystyrene (in Metric Tons), 2015-2020
Figure 34: India: Antioxidant 168 Market Forecast: Demand Volume in Polystyrene (in Metric Tons), 2021-2026
Figure 35: India: Antioxidant 168 Market: Demand Volume in Acrylonitrile Butadiene Styrene (in Metric Tons), 2015-2020
Figure 36: India: Antioxidant 168 Market Forecast: Demand Volume in Acrylonitrile Butadiene Styrene (in Metric Tons), 2021-2026
Figure 37: India: Antioxidant 168 Market: Demand Volume in Plastic Compounding (in Metric Tons), 2015-2020
Figure 38: India: Antioxidant 168 Market Forecast: Demand Volume in Plastic Compounding (in Metric Tons), 2021-2026
Figure 39: India: Antioxidant 168 Market: Demand Volume in Other Polymers (in Metric Tons), 2015-2020
Figure 40: India: Antioxidant 168 Market Forecast: Demand Volume in Other Polymers (in Metric Tons), 2021-2026
Figure 41: India: Antioxidant 1076 Market: Demand Volume (in Metric Tons), 2015-2020
Figure 42: India: Antioxidant 1076 Market Forecast: Demand Volume (in Metric Tons), 2021-2026
Figure 43: India: Antioxidant 1076 Market: Breakup by End Use (in %), 2020
Figure 44: India: Antioxidant 1076 Market: Demand Volume in Polyethylene (in Metric Tons), 2015-2020
Figure 45: India: Antioxidant 1076 Market Forecast: Demand Volume in Polyethylene (in Metric Tons), 2021-2026
Figure 46: India: Antioxidant 1076 Market: Demand Volume in Polypropylene (in Metric Tons), 2015-2020
Figure 47: India: Antioxidant 1076 Market Forecast: Demand Volume in Polypropylene (in Metric Tons), 2021-2026
Figure 48: India: Antioxidant 1076 Market: Demand Volume in Polyvinyl chloride (in Metric Tons), 2015-2020
Figure 49: India: Antioxidant 1076 Market Forecast: Demand Volume in Polyvinyl chloride (in Metric Tons), 2021-2026
Figure 50: India: Antioxidant 1076 Market: Demand Volume in Polystyrene (in Metric Tons), 2015-2020
Figure 51: India: Antioxidant 1076 Market Forecast: Demand Volume in Polystyrene (in Metric Tons), 2021-2026
Figure 52: India: Antioxidant 1076 Market: Demand Volume in Acrylonitrile Butadiene Styrene (in Metric Tons), 2015-2020
Figure 53: India: Antioxidant 1076 Market Forecast: Demand Volume in Acrylonitrile Butadiene Styrene (in Metric Tons), 2021-2026
Figure 54: India: Antioxidant 1076 Market: Demand Volume in Plastic Compounding (in Metric Tons), 2015-2020
Figure 55: India: Antioxidant 1076 Market Forecast: Demand Volume in Plastic Compounding (in Metric Tons), 2021-2026
Figure 56: India: Antioxidant 1076 Market: Demand Volume in Other Polymers (in Metric Tons), 2015-2020
Figure 57: India: Antioxidant 1076 Market Forecast: Demand Volume in Other Polymers (in Metric Tons), 2021-2026
Figure 58: India: Petrochemical Antioxidants Industry: SWOT Analysis
Figure 59: India: Petrochemical Antioxidants Industry: Value Chain Analysis
Figure 60: India: Petrochemical Antioxidants Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: India: Petrochemical Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Petrochemical Antioxidants Market: Key Industry Highlights, 2020 and 2026
Table 3: India: Petrochemical Antioxidants Market: Competitive Structure
Table 4: India: Petrochemical Antioxidants Market: Key Players