Press release
Phenolic Antioxidant Market: Anticipating Growth in Phenolic Additives (2023-2029)
Phenolic Antioxidant Market
In 2022, the Phenolic Antioxidant Market recorded a valuation of US$ 1.96 billion, with expectations to surge at a Compound Annual Growth Rate (CAGR) of 5.10% over the forecast period, ultimately reaching US$ 2.78 billion by 2029. This revelation comes from a comprehensive market report aiming to provide insights, historical data, and industry-validated market projections.
Market Dynamics and Application Insights:
Phenolic antioxidants play a crucial role in inhibiting autoxidation by preventing the formation of free radicals or disrupting their propagation through the donation of electrons or hydrogen atoms. These antioxidants find applications in various sectors, including plastic & rubber, pharmaceuticals, cosmetics, and fuel & lubricants. Notably, the rise in demand for packaged food items utilizing antioxidants for protective processes is expected to bolster sales in the forecast period.
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Phenolic Antioxidant Market Scope:
Maximize Market Research's Phenolic Antioxidant Market Report provides a comprehensive analysis of the market, using a dynamic research methodology. The report covers major growth drivers, market dynamics, challenges, and scope, as well as PESTLE, Porter, and SWOT analyses. It also includes information on the latest developments and technologies in the global Phenolic Antioxidant market.
The report provides detailed information on the global Phenolic Antioxidant market, including market shares, supply chain analysis, and key success factors. It also includes the opinions of industry experts from top leading organizations in the global Phenolic Antioxidant market.
Segmentation Analysis:
by Source
Natural
Synthetic
According to Source, the synthetic phenolic antioxidant market is projected to dominate the global market and generate a significant portion of revenue over the course of the forecast period. Due to the increasing demand for synthetic phenol antioxidants as an additive in the plastic and rubber, fuel, and lubricant industries, this market is expected to dominate in the coming years. In the global market for phenolic antioxidants, natural antioxidants have the smallest market share. Flavonoids, anthocyanins, tanins, and phenolic acids make up the naturally occurring phenolic antioxidant. Phenolic antioxidants are mostly added to products as additives to stop them from oxidising.
by Application
Food
Plastics & Rubber
Pharmaceutical
Cosmetic
Fuel & Lubricant
Others
Phenolic antioxidants find extensive use in the manufacturing of rubber and plastics as preservatives. Plastic is being used in many industries at an exponential rate because of its remarkable qualities. Plastic additives are used to improve efficacy and workability in challenging environments, such as high temperature and high pressure, by slowing down or minimising the degradation of plastic products. Since they regulate and prevent plastic products from oxidising in harsh environments, phenolic antioxidants are used as antioxidant additives in polymer processing. Over the course of the projection period, this will in turn fuel demand for phenolic antioxidants.
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Key Players are:
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
Regional Analysis
The report provides the statistical market growth data for every influencing economy in the global Phenolic Antioxidant market. The various countries like North America, Asia-Pacific, Europe, Latin America, and MEA are considered while preparing report. All the emerging trends with population growth along with government strategies and regulations are covered in the report. The final conclusion part of regional insights consists, of all economies' in the market influencing data in the form of historical as well as forecasted period.
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Key Questions answered in the Phenolic Antioxidant Market Report are:
What is the forecast period of the Phenolic Antioxidant Market?
What is the competitive scenario of the Phenolic Antioxidant market?
Which region held the largest market share in the Phenolic Antioxidant Market?
What are the opportunities for the Phenolic Antioxidant Market?
What are the restraining factors in the Phenolic Antioxidant market?
Who are the key players of the Phenolic Antioxidant market?
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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