Phenolic Antioxidant Market Research Report covers the existing situation and the progress predictions of the Phenolic Antioxidant Industry for 2017-2023. Phenolic Antioxidant Market, has been prepared based on detailed market analysis with inputs from industry experts. The global Phenolic Antioxidant market is expected to reach USD 1830.05 million by 2023 at a CAGR of 5.10 % during the forecasted period.
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Phenolic antioxidants are compounds or systems that delay 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 categorized into natural and synthetic segment based on source. Among these, synthetic phenolic antioxidant is the most sought out segment and accounts for more than three fourth of the market share in terms of value and volume. As a whole, the global phenolic antioxidant market is expected to exhibit a healthy single digit growth rate over the forecast period and expected to reach USD 1830.05 million by 2023 end. Phenolic antioxidant can also protect food by the deactivation of metal ions and singlet oxygen. Based on the inhabitants of free radical formation property, these antioxidants are used in many applications include, plastic & rubber, pharmaceutical, cosmetics, fuel & lubricant and other. Based on application, six segments that are covered in the report, cumulatively expected.
Key Players of the Phenolic Antioxidant Market Reports are: DSM (Netherlands), BASF SE (Germany), Oxiris Chemicals S. A. (Spain).
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Target Audience of Phenolic Antioxidant Market Report are: Manufacturers and distributors of phenolic antioxidants, Manufacturers and distributors of phenolic antioxidants, Suppliers and traders, Government, associations and industrial bodies.
The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Phenolic Antioxidant globally.
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Key Findings of Phenolic Antioxidant Market Report:
The Global Phenolic Antioxidant Market is projected to reach USD 1830.05 Million by 2023 with a 5.10 % CAGR during forecast period of 2017-2023.
Regionally, Asia Pacific accounted for the largest share due to the high penetration of food & beverages and plastic industries in the region.
China is the largest market in Asia Pacific as well as in the global market. Based on source, synthetic phenolic antioxidant accounted the largest share of 79% in the market, however expected to grow below average CAGR due to the growing demand of natural phenolic antioxidants among the consumers.
Based on the end use application, the food industry is the dominant end user for phenolic antioxidant market across all regional segments during the forecast period.
The food industry is followed by the pharmaceutical industry that is projected to grow at significant CAGR during the forecast period from 2017 to 2023.
No of Pages: 123
Price of Report: $ 4450 (Single User License)
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