Phenolic Antioxidant Market was valued at US$ 2.05 Bn. in 2023 and is expected to reach US$ 2.91 Bn. by 2030, at a CAGR of 5.1 % during a forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding phenolic antioxidant market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focus on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to emerging segment in phenolic antioxidant market.To know about the Research Methodology :- Request Free Sample Report The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Phenolic Antioxidant Market Overview
Phenolic antioxidants are compounds that stay autoxidation by inhibiting formation of free radicals or by interrupting propagation of the free radical through the donation of an electron or hydrogen atom. The global phenolic antioxidant market can be segregated into natural and synthetic segment based on source. Among these segment, synthetic phenolic antioxidant is the most sought out segment and accounts for highest shares in the market in terms of value and volume. The global phenolic antioxidant market is anticipated to exhibit a healthy single digit growth rate over the forecast period and expected to reach US$ 2.78 Bn by 2030 end. Phenolic antioxidant can also preserve food by the deactivation of metal ions and singlet oxygen. Based on the inhabitants of free radical formation property, these antioxidants are widely used in several applications include, plastic & rubber, pharmaceutical, cosmetics, fuel & lubricant and other. Due to increasing use in cosmetics, food, and Plastics & Rubber, the global market for antioxidants is looking forward to fast growth through 2030. Antioxidants are gradually in demand as an additive in rubber, particularly in the Asia-Pacific region, where demand for tires is growing. The rise in demand for packaged food items, which use antioxidants in the protective process, is boosting sales as well in the forecast period.Segment Analysis
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.Phenolic Antioxidant Market Regional Analysis
Geographically, Asia Pacific accounts for the largest market share in 2023, and is expected to grow at the highest CAGR during the forecast period. The dominance of Asia Pacific region is mostly due to the increasing demand for food from increasing population beside growing use of plastic and rubber in this region. Asia Pacific region is followed by Europe, which accounted for the second largest market share and it is estimated to grow at the maximum CAGR. Germany accounts the highest market share in Europe and expected to remain dominant throughout the forecast timeframe owing to greater penetration of end user industries in the country. North America is a substantial region in the global phenolic antioxidant market.Phenolic Antioxidant Market Scope: Inquire before buying
Global Phenolic Antioxidant Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 2.05 Bn. Forecast Period 2024 to 2030 CAGR: 5.1% Market Size in 2030: US $ 2.91 Bn. Segments Covered: by Source Natural Synthetic by Application Food Plastics & Rubber Pharmaceutical Cosmetic Fuel & Lubricant Others by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Phenolic Antioxidant Market Key Players:
1. DSM 2. BASF SE 3. Oxiris Chemicals S. A. 4. Sumitomo Chemical Company 5. Chitec Technology Co., Ltd. 6. Mayzo Inc. 7. Addivant 8. Double Bond Chemical Ind., Co., Ltd. 9. Kumho Petrochemical Co., Ltd. 10.Emerald Performance Materials 11.SI Group 12.SONGWON 13.Lanxess AG 14.Dorf Ketal 15.Adeka Corporation Frequently Asked Questions: 1. Which region has the largest share in Global Phenolic Antioxidant Market? Ans: Asia Pacific region holds the highest share in 2023. 2. What is the growth rate of Global Phenolic Antioxidant Market? Ans: The global market is growing at a CAGR of 5.1% during forecasting period 2024-2030 3. What segments are covered in Global Phenolic Antioxidant market? Ans: Global market is segmented into Source, Application and region. 4. Who are the key players in Global Phenolic Antioxidant market? Ans: The important key players in the Global Phenolic Antioxidant Market are – 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, and Adeka Corporation. 5. What is the study period of this market? Ans: The Global Phenolic Antioxidant Market is studied from 2023 to 2030
1. Phenolic Antioxidant Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Phenolic Antioxidant Market: Dynamics 2.1. Phenolic Antioxidant Market Trends by Region 2.1.1. North America Phenolic Antioxidant Market Trends 2.1.2. Europe Phenolic Antioxidant Market Trends 2.1.3. Asia Pacific Phenolic Antioxidant Market Trends 2.1.4. Middle East and Africa Phenolic Antioxidant Market Trends 2.1.5. South America Phenolic Antioxidant Market Trends 2.2. Phenolic Antioxidant Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Phenolic Antioxidant Market Drivers 2.2.1.2. North America Phenolic Antioxidant Market Restraints 2.2.1.3. North America Phenolic Antioxidant Market Opportunities 2.2.1.4. North America Phenolic Antioxidant Market Challenges 2.2.2. Europe 2.2.2.1. Europe Phenolic Antioxidant Market Drivers 2.2.2.2. Europe Phenolic Antioxidant Market Restraints 2.2.2.3. Europe Phenolic Antioxidant Market Opportunities 2.2.2.4. Europe Phenolic Antioxidant Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Phenolic Antioxidant Market Drivers 2.2.3.2. Asia Pacific Phenolic Antioxidant Market Restraints 2.2.3.3. Asia Pacific Phenolic Antioxidant Market Opportunities 2.2.3.4. Asia Pacific Phenolic Antioxidant Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Phenolic Antioxidant Market Drivers 2.2.4.2. Middle East and Africa Phenolic Antioxidant Market Restraints 2.2.4.3. Middle East and Africa Phenolic Antioxidant Market Opportunities 2.2.4.4. Middle East and Africa Phenolic Antioxidant Market Challenges 2.2.5. South America 2.2.5.1. South America Phenolic Antioxidant Market Drivers 2.2.5.2. South America Phenolic Antioxidant Market Restraints 2.2.5.3. South America Phenolic Antioxidant Market Opportunities 2.2.5.4. South America Phenolic Antioxidant Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Phenolic Antioxidant Industry 2.8. Analysis of Government Schemes and Initiatives For Phenolic Antioxidant Industry 2.9. Phenolic Antioxidant Market Trade Analysis 2.10. The Global Pandemic Impact on Phenolic Antioxidant Market 3. Phenolic Antioxidant Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 3.1.1. Natural 3.1.2. Synthetic 3.2. Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 3.2.1. Food 3.2.2. Plastics & Rubber 3.2.3. Pharmaceutical 3.2.4. Cosmetic 3.2.5. Fuel & Lubricant 3.2.6. Others 3.3. Phenolic Antioxidant Market Size and Forecast, by Region (2023-2030) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Phenolic Antioxidant Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 4.1.1. Natural 4.1.2. Synthetic 4.2. North America Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 4.2.1. Food 4.2.2. Plastics & Rubber 4.2.3. Pharmaceutical 4.2.4. Cosmetic 4.2.5. Fuel & Lubricant 4.2.6. Others 4.3. North America Phenolic Antioxidant Market Size and Forecast, by Country (2023-2030) 4.3.1. United States 4.3.1.1. United States Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 4.3.1.1.1. Natural 4.3.1.1.2. Synthetic 4.3.1.2. United States Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 4.3.1.2.1. Food 4.3.1.2.2. Plastics & Rubber 4.3.1.2.3. Pharmaceutical 4.3.1.2.4. Cosmetic 4.3.1.2.5. Fuel & Lubricant 4.3.1.2.6. Others 4.3.2. Canada 4.3.2.1. Canada Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 4.3.2.1.1. Natural 4.3.2.1.2. Synthetic 4.3.2.2. Canada Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 4.3.2.2.1. Food 4.3.2.2.2. Plastics & Rubber 4.3.2.2.3. Pharmaceutical 4.3.2.2.4. Cosmetic 4.3.2.2.5. Fuel & Lubricant 4.3.2.2.6. Others 4.3.3. Mexico 4.3.3.1. Mexico Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 4.3.3.1.1. Natural 4.3.3.1.2. Synthetic 4.3.3.2. Mexico Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 4.3.3.2.1. Food 4.3.3.2.2. Plastics & Rubber 4.3.3.2.3. Pharmaceutical 4.3.3.2.4. Cosmetic 4.3.3.2.5. Fuel & Lubricant 4.3.3.2.6. Others 5. Europe Phenolic Antioxidant Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 5.2. Europe Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 5.3. Europe Phenolic Antioxidant Market Size and Forecast, by Country (2023-2030) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 5.3.1.2. United Kingdom Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 5.3.2. France 5.3.2.1. France Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 5.3.2.2. France Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 5.3.3. Germany 5.3.3.1. Germany Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 5.3.3.2. Germany Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 5.3.4. Italy 5.3.4.1. Italy Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 5.3.4.2. Italy Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 5.3.5. Spain 5.3.5.1. Spain Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 5.3.5.2. Spain Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 5.3.6. Sweden 5.3.6.1. Sweden Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 5.3.6.2. Sweden Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 5.3.7. Austria 5.3.7.1. Austria Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 5.3.7.2. Austria Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 5.3.8.2. Rest of Europe Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 6. Asia Pacific Phenolic Antioxidant Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 6.2. Asia Pacific Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 6.3. Asia Pacific Phenolic Antioxidant Market Size and Forecast, by Country (2023-2030) 6.3.1. China 6.3.1.1. China Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 6.3.1.2. China Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 6.3.2. S Korea 6.3.2.1. S Korea Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 6.3.2.2. S Korea Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 6.3.3. Japan 6.3.3.1. Japan Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 6.3.3.2. Japan Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 6.3.4. India 6.3.4.1. India Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 6.3.4.2. India Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 6.3.5. Australia 6.3.5.1. Australia Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 6.3.5.2. Australia Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 6.3.6. Indonesia 6.3.6.1. Indonesia Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 6.3.6.2. Indonesia Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 6.3.7. Malaysia 6.3.7.1. Malaysia Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 6.3.7.2. Malaysia Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 6.3.8. Vietnam 6.3.8.1. Vietnam Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 6.3.8.2. Vietnam Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 6.3.9. Taiwan 6.3.9.1. Taiwan Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 6.3.9.2. Taiwan Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 6.3.10.2. Rest of Asia Pacific Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 7. Middle East and Africa Phenolic Antioxidant Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 7.2. Middle East and Africa Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 7.3. Middle East and Africa Phenolic Antioxidant Market Size and Forecast, by Country (2023-2030) 7.3.1. South Africa 7.3.1.1. South Africa Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 7.3.1.2. South Africa Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 7.3.2. GCC 7.3.2.1. GCC Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 7.3.2.2. GCC Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 7.3.3. Nigeria 7.3.3.1. Nigeria Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 7.3.3.2. Nigeria Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 7.3.4.2. Rest of ME&A Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 8. South America Phenolic Antioxidant Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 8.2. South America Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 8.3. South America Phenolic Antioxidant Market Size and Forecast, by Country (2023-2030) 8.3.1. Brazil 8.3.1.1. Brazil Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 8.3.1.2. Brazil Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 8.3.2. Argentina 8.3.2.1. Argentina Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 8.3.2.2. Argentina Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Phenolic Antioxidant Market Size and Forecast, by Source (2023-2030) 8.3.3.2. Rest Of South America Phenolic Antioxidant Market Size and Forecast, by Application (2023-2030) 9. Global Phenolic Antioxidant Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2023) 9.3.5. Company Locations 9.4. Leading Phenolic Antioxidant Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. DSM 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. BASF SE 10.3. Oxiris Chemicals S. A. 10.4. Sumitomo Chemical Company 10.5. Chitec Technology Co., Ltd. 10.6. Mayzo Inc. 10.7. Addivant 10.8. Double Bond Chemical Ind., Co., Ltd. 10.9. Kumho Petrochemical Co., Ltd. 10.10. Emerald Performance Materials 10.11. SI Group 10.12. SONGWON 10.13. Lanxess AG 10.14. Dorf Ketal 10.15. Adeka Corporation 11. Key Findings 12. Industry Recommendations 13. Phenolic Antioxidant Market: Research Methodology 14. Terms and Glossary