Phenolic Antioxidant Market Overview:
The Phenolic Antioxidant Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Phenolic Antioxidant Market, as well as the causes for variances in the industry's growth in different regions.
The 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.
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Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
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:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• The biggest players in the Phenolic Antioxidant Market are as follows:
• 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:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Phenolic Antioxidant Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Phenolic Antioxidant Market:
End-user industries where Phenolic Antioxidant Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Phenolic Antioxidant Market manufacturers, influencing the development of the Phenolic Antioxidant Market in 2020. End-user business demand for Tert- Butanol Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Phenolic Antioxidant Market Report are:
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In 2021, which segment held the highest proportion of the Phenolic Antioxidant Market?
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What is the Phenolic Antioxidant Market's competitive landscape?
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What are the primary drivers assisting the Phenolic Antioxidant Market growth?
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Which region has the most market share in the Phenolic Antioxidant Market?
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What will be the Phenolic Antioxidant Market's CAGR throughout the projected period?
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