Global Antidegradants Industry

Global Antidegradants Industry

  • April 2021 •
  • 186 pages •
  • Report ID: 6030700 •
  • Format: PDF
Abstract:
- Global Antidegradants Market to Reach $2.7 Billion by 2027
- Amid the COVID-19 crisis, the global market for Antidegradants estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$2.7 Billion by 2027, growing at aCAGR of 5% over the period 2020-2027. Tires, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$1.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Tires segment is readjusted to a revised 4.6% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $522 Million, While China is Forecast to Grow at 7.8% CAGR
- The Antidegradants market in the U.S. is estimated at US$522 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$561.4 Million by the year 2027 trailing a CAGR of 7.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

- Select Competitors (Total 48 Featured) -
  • Akrochem Corporation
  • Akzonobel N.V.
  • Arkema S.A.
  • Behn Meyer Holding AG
  • Eastman Chemical Company
  • Lanxess Aktiengesellschaft
  • Struktol Company of America LLC