Phenolic Antioxidant Market was valued at US$ 1.87 Bn. in 2021 and is expected to reach US$ 2.52 Bn. by 2027, at a CAGR of 5.10 % during a forecast period.
Phenolic Antioxidant Market Overview
A specialized business consulting firm Maximize Market Research has published an intelligence report on the Phenolic Antioxidant Market and according to the report, the Phenolic Antioxidant Market is expected to grow in the forecast period. The report gives a comprehensive analysis to the readers, investors, and start-ups in the Phenolic Antioxidant Market
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Phenolic Antioxidant Market Scope
The research evaluates the major key drivers and the key companies and also the current competition and development prospects of the Phenolic Antioxidant Market. It provides the current market trends and also analysis the future market trends to understand the upcoming opportunities and challenges or threats such as economic, political, and geographical. The report covers the key market players in the Phenolic Antioxidant Market including company overview, their financial performances, and their market strategies and product portfolios. To study the Phenolic Antioxidant Market tools like SWOT, PESTLE, and Porter’s five forces were used to analyze the strengths, weaknesses, opportunities, and threats of the market. This kind of analysis gives opportunities for investors to study the market and make strategies for investments.
Segmentation:
Based on Source, the synthetic phenolic antioxidant segment is anticipated to contribute major revenue share to the global market and is expected to maintain its dominance over the forecast period. In forecasted period, the synthetic Phenolic Antioxidants is poised to hold dominance owing to the growing demand as an additive in plastic & rubber, fuel & lubricant industry. Natural Phenolic Antioxidants are holds least share in the global phenolic antioxidant market. The natural phenolic antioxidant comprises flavonoids, anthocyanins, tanins, and phenolic acids. Phenolic Antioxidants are mainly used as additives and helps to prevent the oxidation of the product.
In terms of application, Phenolic antioxidants are widely used as preservative during the production of plastics and rubber. Due to its exceptional properties, plastic is getting adopted at an exponential rate in many industries. To provide better efficacy & workability in tough conditions, such as high temperature & high pressure conditions, plastic additives are used as they slow down or minimize the degradation of plastic products. Phenolic antioxidants are used as antioxidant additives in polymer processing as phenolic antioxidants control & inhibit the oxidation of plastic products in severe environments. This, in turn, will drive the demand for phenolic antioxidants over the forecast timeframe.
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Key Players:
• DSM
• BASF SE
• Oxiris Chemicals S. A.
• Sumitomo Chemical Company
• Chitec Technology Co., Ltd.
• Mayzo Inc.
• Addivant
• Double Bond Chemical Ind., Co., Ltd.
• Kumho Petrochemical Co., Ltd.
• Emerald Performance Materials
• SI Group
• SONGWON
• Lanxess AG
• Dorf Ketal
• Adeka Corporation
Regional Analysis
Phenolic Antioxidant Market Region dominated the Phenolic Antioxidant Market in the year 2021 and is expected to grow during the forecast period. To be ahead of the key competitors market research gives a hand in understanding the market and its target audience. The research on the Phenolic Antioxidant Market evaluates the global market regions and studies the market in-depth and understands the ground-level market and its key drivers for growth.
Key Questions answered in the Phenolic Antioxidant Market Report are:
Key offerings:
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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 medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, communication, cars, 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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Phenolic Antioxidant Market Size , Phenolic Antioxidant Market Demand , Phenolic Antioxidant Market Analysis
Mar 19, 2023