Anti-Oxidising Preparations Market

The global market for anti-oxidising preparations and compounds stabilisers for rubber or plastics is forecasted to grow with an anticipated CAGR of +3.4% in volume and +5.6% in value from 2022 to 2030. The United States leads in both consumption and production of these compounds, with significant growth rates observed. Imports and exports are also analyzed, with Indonesia being a key exporter. Overall, the market shows growth potential and fluctuations in prices and consumption patterns.

Market Forecast

Driven by increasing demand for anti-oxidising preparations and other compounds stabilisers for rubber or plastics worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.4% for the period from 2022 to 2030, which is projected to bring the market volume to 13M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.6% for the period from 2022 to 2030, which is projected to bring the market value to $53B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Anti-Oxidising Preparations And Other Compounds Stabilisers For Rubber Or Plastics

In 2022, the amount of anti-oxidising preparations and other compounds stabilisers for rubber or plastics consumed worldwide declined modestly to 9.6M tons, with a decrease of -3.8% compared with the previous year. Over the period under review, consumption, however, posted a remarkable increase. Global consumption peaked at 10M tons in 2021, and then contracted modestly in the following year.

The global anti-oxidising preparations market value declined to $34.1B in 2022, which is down by -2.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the maximum level at $37.6B in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Consumption By Country

The country with the largest volume of anti-oxidising preparations consumption was the United States (6.8M tons), accounting for 71% of total volume. Moreover, anti-oxidising preparations consumption in the United States exceeded the figures recorded by the second-largest consumer, China (668K tons), tenfold. The third position in this ranking was held by India (302K tons), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in the United States totaled +10.0%. In the other countries, the average annual rates were as follows: China (+0.8% per year) and India (+1.3% per year).

In value terms, the United States ($29.3B) led the market, alone. The second position in the ranking was taken by India ($852M).

In the United States, the anti-oxidising preparations market increased at an average annual rate of +5.8% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: India (-0.1% per year) and Japan (-3.7% per year).

In 2022, the highest levels of anti-oxidising preparations per capita consumption was registered in the United States (20 kg per person), followed by Japan (1.2 kg per person), China (0.5 kg per person) and India (0.2 kg per person), while the world average per capita consumption of anti-oxidising preparations was estimated at 1.2 kg per person.

In the United States, anti-oxidising preparations per capita consumption increased at an average annual rate of +9.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-2.9% per year) and China (+0.4% per year).

Production

World Production of Anti-Oxidising Preparations And Other Compounds Stabilisers For Rubber Or Plastics

Global anti-oxidising preparations production declined modestly to 9.2M tons in 2022, waning by -4.6% against 2021 figures. In general, production, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 72% against the previous year. Global production peaked at 9.7M tons in 2018; however, from 2019 to 2022, production remained at a lower figure.

In value terms, anti-oxidising preparations production totaled $26.2B in 2022 estimated in export price. Overall, production showed a mild descent. The pace of growth appeared the most rapid in 2018 with an increase of 6.8% against the previous year. Over the period under review, global production reached the peak level at $30.3B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

The United States (6.8M tons) remains the largest anti-oxidising preparations producing country worldwide, comprising approx. 74% of total volume. Moreover, anti-oxidising preparations production in the United States exceeded the figures recorded by the second-largest producer, China (668K tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume in the United States amounted to +10.0%. The remaining producing countries recorded the following average annual rates of production growth: China (+1.2% per year) and India (-0.6% per year).

Imports

World Imports of Anti-Oxidising Preparations And Other Compounds Stabilisers For Rubber Or Plastics

In 2022, the amount of anti-oxidising preparations and other compounds stabilisers for rubber or plastics imported worldwide stood at 435K tons, surging by 6.1% on 2021 figures. Overall, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 6.4%. Global imports peaked at 868K tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, anti-oxidising preparations imports expanded slightly to $1.3B in 2022. In general, imports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when imports increased by 5.5% against the previous year. Global imports peaked at $3.6B in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports By Country

The purchases of the three major importers of anti-oxidising preparations and other compounds stabilisers for rubber or plastics, namely Vietnam, India and Indonesia, represented more than third of total import. South Korea (35K tons) took the next position in the ranking, followed by Bangladesh (28K tons). All these countries together held near 15% share of total imports. Taiwan (Chinese) (17K tons), Iran (17K tons), Japan (16K tons), Pakistan (16K tons), Sri Lanka (10K tons), Singapore (8.5K tons), Kuwait (7.9K tons) and Nigeria (7.1K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of +29.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, India ($255M), Vietnam ($168M) and Indonesia ($148M) constituted the countries with the highest levels of imports in 2022, with a combined 44% share of global imports. South Korea, Japan, Taiwan (Chinese), Iran, Bangladesh, Singapore, Sri Lanka, Pakistan, Kuwait and Nigeria lagged somewhat behind, together comprising a further 42%.

In terms of the main importing countries, Kuwait, with a CAGR of +29.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average anti-oxidising preparations import price stood at $2,996 per ton in 2022, reducing by -2% against the previous year. Overall, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 an increase of 3.4% against the previous year. Over the period under review, average import prices hit record highs at $4,363 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($5,725 per ton), while Bangladesh ($1,570 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+1.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Anti-Oxidising Preparations And Other Compounds Stabilisers For Rubber Or Plastics

In 2022, approx. 28K tons of anti-oxidising preparations and other compounds stabilisers for rubber or plastics were exported worldwide; dropping by -59.6% compared with 2021. Overall, exports saw a precipitous slump. The pace of growth appeared the most rapid in 2014 when exports increased by 2.9% against the previous year. Over the period under review, the global exports hit record highs at 778K tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, anti-oxidising preparations exports declined notably to $89M in 2022. In general, exports faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 2%. The global exports peaked at $3.2B in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports By Country

Indonesia represented the key exporter of anti-oxidising preparations and other compounds stabilisers for rubber or plastics in the world, with the volume of exports finishing at 11K tons, which was near 39% of total exports in 2022. Hong Kong SAR (4.1K tons) ranks second in terms of the total exports with a 15% share, followed by Argentina (11%), Uzbekistan (8.8%) and Sri Lanka (4.7%). India (1,002 tons), Iran (896 tons), South Korea (739 tons), the United Arab Emirates (690 tons) and Costa Rica (556 tons) took a little share of total exports.

Exports from Indonesia increased at an average annual rate of +1.6% from 2012 to 2022. At the same time, Uzbekistan (+75.2%), Costa Rica (+20.6%), Sri Lanka (+12.5%) and Iran (+2.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the world, with a CAGR of +75.2% from 2012-2022. Argentina experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-6.3%), Hong Kong SAR (-11.6%), India (-24.0%) and South Korea (-33.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, Hong Kong SAR, Argentina, Uzbekistan, Sri Lanka, Iran, the United Arab Emirates, Costa Rica and India increased by +38, +13, +10, +8.8, +4.7, +3.2, +2.3, +2 and +1.5 percentage points, respectively.

In value terms, Indonesia ($40M) remains the largest anti-oxidising preparations supplier worldwide, comprising 45% of global exports. The second position in the ranking was taken by Hong Kong SAR ($19M), with a 21% share of global exports. It was followed by Argentina, with an 11% share.

In Indonesia, anti-oxidising preparations exports increased at an average annual rate of +7.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-11.2% per year) and Argentina (-0.3% per year).

Export Prices By Country

In 2022, the average anti-oxidising preparations export price amounted to $3,237 per ton, surging by 86% against the previous year. Over the period under review, the export price, however, showed a pronounced decline. The global export price peaked at $4,286 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($4,678 per ton), while Uzbekistan ($267 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+7.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform