COVID-19 Impact analysis

The market was negatively impacted by COVID-19 in 2020. Owing to the pandemic scenario, several countries went into lockdown, to curb the spreading of the virus. This completely disrupted the supply and chain, thus negatively affected the market's growth. Also, the production of dyes and pigments, rubber, etc. has been declined in 2020 due to the shutdown of manufacturing plants. However, the condition is expected to recover in 2021, which will restore the growth trajectory of the market forecast studied during the period. Slowing demand growth, growing surplus, and a shrinking value pool were already present before the pandemic and have only become more pronounced. In addition, the industry faces structural disruption from the tran¬sition to renewable energy resources and a regenerative, or circular, economy. The impact of the coronavirus on petrochemical demand was irregular across value chains, with automotive and construction applications seeing particularly steep declines, and packaging demand (especially in food, sanitary products, and medical applica¬tions) remaining robust.

Top Impacting Factors

Antiozonants have the capacity to forestall or withdraw oxidation caused due to ozone. Ozone responds to rubber and degenerates’ rubber or other forms of elastomers. Antiozonants behave as additives that protect elastomers from wear out caused due to exposure to atmospheric ozone. Elastomeric materials tend to become breakable and develop cracks with consonant exposure to ozone. Antiozonants are expected to witness notable demand in the near future, due to their potential to overcome destruction caused by ozone. Antiozonants are only on the surface of the rubber for its protection from ozone cracking, as ozone attacks mainly transpire at the facet of the rubber

Market Trends

• The prevailing issue of ozone crackling in sidewalls of automobile tires can be prevented by adding antiozonants to the rubber before vulcanization.
• Rubber is used to produce various products like tires, mats, belts, hoses and gloves.
• Demand for tires has increased resistance to ozone heat and mechanical stress is likely to drive the demand for antiozonant market.
• Ozone gas can occur naturally or it can generate during electric discharge caused by sparking or corona discharge.
• Increase in the demand for ozone resistant rubbers which have been pre-treated to inhibit ozone cracking, is anticipated to augment the global antiozonant market during the forecast period.

Key Benefits of the Report

• This study presents the analytical depiction of the antiozonant industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the antiozonant market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the antiozonant market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed antiozonant market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the antiozonant Report

• Who are the leading market players active in the antiozonant market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?