In 2023, China's import of anti-oxidisers and stabilizers for rubber or plastics stood at approximately 340 million USD. The forecast indicates a steady growth in imports from 2024 onwards, with an incremental increase each year, reaching 353.19 million USD by 2028. The year-on-year growth percentages are modest, reflecting a stable market. The projected compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is low, denoting a mature market with limited aggressive expansion.
Future trends to watch for include:
- Technological advancements in rubber and plastics manufacturing, potentially influencing demand for anti-oxidisers and stabilizers.
- Changes in China's industrial and environmental policies affecting import compositions.
- Global supply chain dynamics that could alter the competitive landscape for suppliers targeting the Chinese market.