Phenolic antioxidants are the compounds that stay autoxidation by inhibiting the formation of free radicals or by interrupting propagation of the free radical through the donation of an electron or hydrogen atom. Phenolic antioxidants are widely used as an additive during the production of plastics and rubber. Phenolic antioxidants are utilized as antioxidant additives in polymer processing as phenolic antioxidants control and inhibit plastic products' oxidation in severe environments. Its exceptional properties prevent plastic oxidation and are adopted at an exponential rate in numerous industries.
MARKET DYNAMICS
The critical factors such as the growing adoption of plastics in the automotive industry and the increasing application of phenolic antioxidants for the production of rubber and plastic composites are driving the phenolic antioxidants market over the forecast period. Besides, increasing disposable income and rapid industrialization are the other factors anticipated to fuel the phenolic antioxidants market's growth in the coming few years. However, factors like the adverse impact of plastics on the environment and stringent government regulations are expected to hinder the global phenolic antioxidants market's development.
MARKET SCOPE
The "Global Phenolic Antioxidants Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the phenolic antioxidants market with detailed market segmentation by source and application. The global phenolic antioxidants market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading phenolic antioxidants market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global phenolic antioxidants market is segmented into source and application. By source, the phenolic antioxidants market is classified into natural and synthetic. By application, the phenolic antioxidants market is classified into food, plastics & rubber, pharmaceutical, cosmetic, and fuel & lubricant.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global phenolic antioxidants market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The phenolic antioxidants market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the phenolic antioxidants market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the phenolic antioxidants market in these regions.
MARKET PLAYERS
The report covers vital developments in the phenolic antioxidants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the phenolic antioxidants market are anticipated to lucrative growth opportunities in the future with the rising demand for phenolic antioxidants in the global market. Below mentioned is the list of few companies engaged in the phenolic antioxidants market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the phenolic antioxidants market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- SONGWON
- BASF SE
- Adeka Corporation
- Addivant
- Dorf Ketal
- Lanxess AG
- SI Group
- DSM
- Oxiris Chemicals S. A.
- Chitec Technology Co., Ltd.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.