According to a recent market study published by Growth Market Reports, titled, “Global Phosphite Antioxidants Market by Type, by Form, by Application, by Distribution Channel, and by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 1702.3 Million in 2022 and is anticipated to grow at a growth rate of 5.8% by the year 2031.

Phosphites are secondary antioxidants that work by the decomposition of hydroperoxide intermediates in the oxidation process. They are effective at high temperatures and offer excellent protection against degradation during melt processing. Phosphites reduce discoloration and minimize melt viscosity as processing stabilizers. Some products contribute to the light stability and long-term thermal stability of plastic. Phosphites provide stabilization during the high-temperature processing of adhesives, plastics, and coatings. Phosphite antioxidants achieve this by reducing hydroperoxides to non-radical alcohol and reducing free radicals, thus breaking the oxidative degradation cycle. Examples of phosphite antioxidants include tris(2,4-di-tert-butylphenyl) phosphite (a common type) and trisnonylphenyl phosphite.

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The Phosphite Antioxidants Market has been fragmented based on by Type, by Form, by Application, by Distribution Channel. By Type, the Global Phosphite Antioxidants Market are categorized as Tris(nonylphenyl) Phosphate (TNP), Tris(1,2,2,6,6-pentamethylpiperidinyl) Phosphite (GW-540), Tris(2,4-di-tert-butylphenyl) Phosphite (Irgafos168), and others. Based on form, the phosphite antioxidant market is categorized into liquid and solid. On the basis of application, the phosphite antioxidants market is categorized into plastics, rubber, adhesives, polymers, and others. The market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Key factors that are anticipated to fuel the demand for Phosphite Antioxidants Market during the forecast period are Increasing Demand for Fuel Additives, Rising Demand from Plastics. Phosphite antioxidants are intended to extend the life of a lubricant by increasing the oxidative resistance of the base oil. Antioxidants allow lubricants to operate at high temperatures. Many synthetic lubricants, including lubricating oils with hydrocarbon bases, are susceptible to oxidative deterioration. This oxidation process, which is brought on by the creation of reactive free radicals and peroxides, is the main factor in the thickening of oil as well as the production of sludge and varnish. Hydroperoxides are broken down by phosphite antioxidants.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Manufacturers of phosphite antioxidants faced high fluctuations in raw material supply during the pandemic. Manufacturing units shut down, which restrained the phosphite antioxidants market. This decreased the demand for various raw materials used to manufacture this product. This disruption led to delays in the production and delivery of phosphite antioxidants, thus affecting the overall market.

As per growth market reports industry analyst Partha Paul, “Phosphite antioxidant are stabilizers, which improve the overall performance of the material by reducing oxidation and delaying ageing. The phosphite antioxidant is used in many applications such as plastics, rubber, adhesives, and polymers. The increasing demand for plastic antioxidants for polymer resins such as PE, PP, PVC, PS, ABS, and others in industries such as automotive, consumer goods, building & construction, and electronics are driving the market expansion.

The market in Asia Pacific is expected to expand at 7.0% CAGR during the forecast period. The growth is attributed to the rapid industrialization and urbanization in the region. The demand for phosphite antioxidants is driven by the expanding plastics, rubber, and packaging industries as well."

A supply chain is a network between a manufacturer and suppliers to produce and distribute a specific product to the final buyers. This network includes different people, regulatory bodies, entities, information, and resources. Various raw materials are used for manufacturing phosphite antioxidants. For example, Tris (nonylphenyl) phosphite is manufactured by the reaction between phosphorus trichloride and nonylphenol in the presence of a catalyst. These products are procured from raw material suppliers and stored at warehouses or manufacturing sites. Raw materials are inspected to ensure their quality. Quality checks are performed throughout the production process by manufacturers to ensure the quality of the product. The products are then supplied to the distributors. Distributors store finished products in large inventories and are mediators in the supply chain. They directly obtain the products from the manufacturers and pass them midstream. End-users of phosphite antioxidants include the manufacturers of rubber, plastics, polymers, and others.

Key Takeaways from the Study:

  • The players in the Phosphite Antioxidants Market include ADEKA Polymer Additives Europe, Ampacet Corporation, DOUBLE BOND CHEMICAL IND. CO., LTD., DOVER CHEMICAL CORPORATION, Everspring Chemical Co., Ltd, Mayzo, Inc., Performance Additives, R.T. Vanderbilt Holding Company, Inc, SI Group, Inc., SONGWON, BASF SE, and Galata Chemicals held a small market share of the Phosphite Antioxidants Market in the year 2022.

  • Based on type, the phosphite antioxidant market is categorized as Tris(nonylphenyl) Phosphate (TNP), Tris(1,2,2,6,6-pentamethylpiperidinyl) Phosphite (GW-540), Tris(2,4-di-tert-butylphenyl) Phosphite (Irgafos168), and others. GW-540 is a hindered amine light stabilizer. It has the unusual ability to transfer excited state molecular energy, decompose hydroperoxides produced during the degradation process, and capture free radicals produced by the photooxidative degradation of polymers. The polymer has exceptional resistance to ageing caused by light, heat, and oxygen. Its light stabilizing impact is two to four times greater than that of conventional ultraviolet absorbers, which absorb light. It is used in the production of plastics such as polypropylene and polyethylene, due to its processability and resin compatibility.

  • Based on form, the phosphite antioxidant market is categorized into liquid and solid. Phosphite antioxidant is available in powder form. It is a highly effective phosphite antioxidant that decreases oxidative degradation caused by peroxide while processing thermoplastics and polymeric materials. It received FDA approvals for food contact applications. It is generally used, due to its color control, low volatility, and protection. It is a preferred antioxidant for ABS, polyolefins, polyesters, and polycarbonate when color protection and thermal stability are required. Furthermore, these types of antioxidants are generally used as a stabilizer in hot-melt adhesives, coatings, and sealants.

  • On the basis of application, the phosphite antioxidants market is categorized into plastics, rubber, adhesives, polymers, and others. Phosphite antioxidants are generally utilized to inhibit degradation caused by thermo-mechanical or thermo-oxidative conditions in plastics. It extends the life of plastic or plastic products, enhances the appearance, and maintains its strength, stiffness, and flexibility. Plastics are one of the most widely used materials in the world. They are versatile and have applications in various industries. Plastic materials are subjected to prolonged exposure to high temperatures, which causes the product to lose strength and toughness. Therefore, temperature control is crucial in plastic manufacturing process, as an unstable temperature negatively affects the machine equipment as well as the finished products.

  • On the basis of the distribution channel, the market is divided into online and offline. Online retail is a subset of eCommerce, in which a company uses a website to offer products or services to customers directly. The website is either the company owned or belong to a merchant or marketplace. Offline distribution channel includes direct sales through manufacturers or indirect sales from wholesalers/distributors through offline distribution centers. In a non-retail setting, direct selling refers to the act of selling goods directly to customers. Manufacturers who use direct selling do not use middlemen in the supply chain, and instead sell products to consumers directly.

  • In terms of regions, the global phosphite antioxidants market is divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to develop at a rapid rate during the forecast period, due to the high demand for materials such as plastic, adhesive, fuel additives, and rubber in the region. Emerging economies such as India are focusing on increasing the production of such materials due to increasing urbanization and industrialization. North America held significant market share in 2022, due to the increasing demand for plastic and fuel additives. Phosphite antioxidants are added to delay oxidation in plastics as well as in engine oil. This increases the performance of engine oil and plastics. The market in Latin America and the Middle East & Africa is anticipated to expand during the forecast period due to increasing demand for plastic, adhesives, and rubber by various industries is expected to drive the market.

Report Scope:

Report Metric

Details

Market Value in 2022

US$ 1,702.3 Million

Market Growth Rate (from 2023 to 2031)

 5.8%

Historical Data

2016 - 2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (US$ Million)

Market Segments

By Type, By Form, By Application, By Distribution Channel, and By Region

Key Companies Profiled

ADEKA Polymer Additives Europe, Ampacet Corporation, DOUBLE BOND CHEMICAL IND. CO., LTD., DOVER CHEMICAL CORPORATION, Everspring Chemical Co., Ltd, Mayzo, Inc., Performance Additives, R.T. Vanderbilt Holding Company, Inc, SI Group, Inc., SONGWON, BASF SE, and Galata Chemicals

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturer and distributors.

  • Demand Side: Manufacturers of rubber, plastics, polymers, and others.

  • Regulatory Side: Concerned government authorities, and other approval regulatory bodies.

  • Associations and Industry Bodies:  CISA,EPA, REACH, ECHA.