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.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold 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.