Phenolic Antioxidant Market Overview:
The Phenolic Antioxidant Market has been thoroughly analysed in a recent report published by MMR. Offering a strategic analysis, the report covers a wide array of vital aspects, including top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors.
Growth Potential of Phenolic Antioxidant Market:
Phenolic Antioxidant Market was valued at US$ 2.05 Bn. in 2023 and is expected to reach US$ 2.91 Bn. by 2030, at a CAGR of 5.1 % during a forecast period.
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Phenolic Antioxidant Market Report Scope and Research Methodology:
Phenolic Antioxidant Market report offers a detailed analysis of the global Phenolic Antioxidant industry. It classifies the market based on offerings, deployment mode, application, end-user industry, and region, providing valuable insights for stakeholders. The analysis also includes an in-depth assessment of past market dynamics spanning from 2018 to 2022, enabling readers to compare past trends with current market scenarios and better grasp the impact of key players.
Phenolic Antioxidant Market Regional Insights:
North American region emerged as the leader, closely followed by Europe and the Asia Pacific. The Asia Pacific region, fueled by rapid technological advancements, is expected to experience substantial growth throughout the forecast period.
Phenolic Antioxidant Market Segmentation:
by Source
Natural
Synthetic
The synthetic phenolic antioxidant category is predicted to maintain its dominance over the forecast period and contribute a significant revenue share to the worldwide market, according to Source. The increasing demand for synthetic phenolic antioxidants as an ingredient in the plastic and rubber, fuel, and lubricant industries is expected to maintain their dominance during the projection period. The market share of natural phenolic antioxidants is the smallest in the world. Flavonoids, anthocyanins, tanins, and phenolic acids make up the natural phenolic antioxidant. Phenolic antioxidants assist keep products from oxidising and are mostly used as additives.
by Application
Food
Plastics & Rubber
Pharmaceutical
Cosmetic
Fuel & Lubricant
Others
Phenolic antioxidants find extensive use as preservatives in the manufacturing of rubber and polymers. Plastic is being used in various industries at an exponential rate because of its remarkable qualities. Since plastic additives slow down or minimise the breakdown of plastic products, they are used to improve efficacy and workability in harsh environments, such as high temperatures and high pressures. In polymer manufacturing, phenolic antioxidants are employed as antioxidant additives because they prevent and regulate the oxidation of plastic products in harsh conditions. Consequently, over the projection period, this will fuel the demand for phenolic antioxidants.
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Phenolic Antioxidant Market Key Players:
1. DSM
2. BASF SE
3. Oxiris Chemicals S. A.
4. Sumitomo Chemical Company
5. Chitec Technology Co., Ltd.
6. Mayzo Inc.
7. Addivant
8. Double Bond Chemical Ind., Co., Ltd.
9. Kumho Petrochemical Co., Ltd.
10.Emerald Performance Materials
11.SI Group
12.SONGWON
13.Lanxess AG
14.Dorf Ketal
15.Adeka Corporation
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Key questions answered in Phenolic Antioxidant Market are:
- What is the demand pattern for the Phenolic Antioxidant market?
- What is the expected Phenolic Antioxidant Market size by the end of the forecast period?
- What are the global trends in the Phenolic Antioxidant Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Phenolic Antioxidant Market?
- How is the intervention from regulatory authority is shaping the Phenolic Antioxidant Market?
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