Phenolic Antioxidant Market is expected to grow at CAGR of 5.10%

Segment Analysis:
Global Phenolic Antioxidant Market has been segmented on the basis of source, application, and region. On the basis of source, the market has been divided into natural and synthetic phenolic antioxidant. Natural Phenolic Antioxidants includes flavonoids, anthocyanins, stilbenes, tanins, and phenolic acids. The natural phenolic antioxidants occur naturally in food and feed ingredients. Their major application can be seen in cosmetic and other personal care products. It holds the least number of share in the Global Phenolic Antioxidants Market. The synthetic Phenolic Antioxidants are holding the major share of overall demand of Phenolic Antioxidants. It has been estimated that the synthetic Phenolic Antioxidant would grow at a CAGR of 4.60%. This is attributed to the easy availability and their major applications in stabilizing oils & fat and lipids. The synthetic phenolic antioxidant includes Butylated hydroxyanisole (BHA), Butylated hydroxytoluene (BHT), tert-Butylhydroquinone (TBHQ), and Ethoxyquin, among others.

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/3937

Based on applications, the Global Phenolic Antioxidants Market is segmented into food, plastics & rubber, pharmaceutical, cosmetic, and fuel & lubricant, among others. Among these segments, the consumption of phenolic antioxidant in food industry accounts for the largest market share owing to increasing uses of Phenolic Antioxidant in food preservation and inhibiting oxidation of food products. During the forecast period, the food industry segment is estimated grow at a higher CAGR as to reach USD 433.95 million by the end of 2023. Plastic & rubber industry is the second major consumer of phenolic antioxidants, wherein they are used as an additive to prevent oxidation of natural rubber when it comes in contact with air. Other important applications of phenolic antioxidants can be found in pharmaceuticals & personal care, in which both natural and synthetic Phenolic Antioxidants penetrated equally.

Regional Analysis:
Geographically, the Global Phenolic Antioxidant Market is segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia Pacific dominated the market, accounted for the largest share of the market in 2016, and expected to grow at a CAGR of 5.20%. Asia Pacific market is followed by Europe, which is accounted for the second largest number of shares in the Global Phenolic Antioxidants Market, as of 2016. Europe is estimated to reach USD 420.47 million by the end of 2023. North America is a substantial region in the market, which accounts for 20% share of market as of 2016. Country wise, China is the leading market, in terms of value and volume, followed by the US.

Browse Full Report @ https://www.marketresearchfuture.com/reports/phenolic-antioxidant-market-3937

Key Points from Table of Contents:

10 Company Profiles

10.1 DSM
10.1.1 Company Overview
10.1.2 Product/Business Segment Overview
10.1.3 Financial Updates
10.1.4 Key Development

10.2 BASF SE
10.2.1 Company Overview
10.2.2 Product/Business Segment Overview
10.2.3 Financial Updates
10.2.4 Key Developments

10.3 Oxiris Chemicals S. A.
10.3.1 Company Overview
10.3.2 Product/Business Segment Overview
10.3.3 Financial Updates
10.3.4 Key Developments

10.4 Sumitomo Chemical Company
10.4.1 Company Overview
10.4.2 Product/Business Segment Overview
10.4.3 Financial Updates
10.4.4 Key Developments

Make an Enquiry before buying @ https://www.marketresearchfuture.com/enquiry/3937

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.