Phenolic Antioxidants Market: Overview
The global phenolic antioxidants market is likely to grow at a prominent pace during the forecast period, thanks to the massive demands from plastics industry.
Phenolic antioxidants are widely utilized as an additive during the production of plastics and rubber. Owing to its exceptional properties, it prevent oxidation of plastic is adopted at an exponential rate in numerous industries.
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Phenolic Antioxidants Market: Notable Developments
Some of the recent development in the phenolic antioxidants market are-
In 2018, BASF SE, a key player in the phenolic antioxidants market announced expansion of production capacity for phenolic antioxidants by 40% at its production plants in Jurong. Such developments are expected to offer a lucrative gain in the phenolic antioxidants market.
Some of the prominent players in the phenolic antioxidants market are SONGWON, BASF SE, Adeka Corporation, Addivant, Dorf Ketal, Lanxess AG and SI Group . These players are adopting several stregies such as business expansion, mergers and accqusitions, and collabortation. This will help them stengten their foothold in the global phenolic antioxidants market.
Phenolic Antioxidants Market: Key Trends
The phenolic antioxidants market is expected to witness a prominent pace in the coming few years. This is mainly due to the better efficacy and workability of phenolic antioxidants in harsh conditions, high temperature and pressure. Along with this, factors like increasing adoption of plastics in automotive industry with an aim to reduce overall weight. This, in turn, will drive the demand for phenolic antioxidants over the forecast period and thus expected to offer a lucrative gain in the plastic additives market.
In addition to this, growing application of phenolic antioxidants for the production of rubber and plastic composites is offer traction to phenolic antioxidant market. This is mainly due to the its r superior properties and lower cost as compared to other composite materials.
However, factors like adverse impact of plastics over environment, increasing practice of plastics recycling and stringent governmental regulations are expected to impede the growth of the global phenolic antioxidants market.
Nevertheless, rapid industrialization, increasing disposable income, and blooming automotive production and sales are some of the factors expected to fuel the growth of the phenolic antioxidants market in the coming few years.
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Phenolic Antioxidants Market: Regional Outlook
Based on region, Asia Pacific is expected to dominated the global phenolic antioxidants market in the coming few years. This is mainly due to the presence of principle companies in the region. Further, China along withstand over one-fourth of the phenolic antioxidants in terms of volume share. The revenue generated by these countries is a prominent factor expected to drive the global phenolic antioxidants market in the coming few years.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.