Phenolic Antioxidants Market Size, Share, and Industry Analysis By Source (Natural and Synthetic), By Type (Mono-functional, Bi-functional, and Multi-functional), By Application (Plastic & Rubber, Fuel & Lubricants, Cosmetic & Personal Care, Food & Feed Additive, and Others), and Regional Forecast till 2032

The global phenolic antioxidants market is estimated to expand significantly. It is attributable to the rising demand for green practices in manufacturing sectors and growing progress of infrastructure in the rising economy. Phenolic antioxidants are chemical materials. They are used for averting or slowing down the oxidation process in a range of resources. They are categorized as primary antioxidants and instigate from one of the main classes of derived metabolites in plants.

• According to the Environmental Protection Agency (EPA), approximately 5400 metric tons of polyphenols were produced annually in the U.S.

These are the compounds, which reside atomized by restraining formation of free radicals. It interrupts propagation of this free radical by the donation of an electron or hydrogen atom. It prevents damage to lipids, proteins and nucleic acids, thereby preventing cell death.

Phenolic Antioxidants Market Driver

Rising Demand from Various Industries Boost Market Growth

The growing aspect for market expansion is escalating demand for from numerous industries. The substance is broadly exploited in automobile and industrial application. They are using the substance from stabilizing synthetic oils, fuels and lubricants. They augment durability and enhance performance of the vehicles. The compound is playing a critical role in maintaining product quality, which is boosting market growth.

Furthermore, rising necessities in cosmetic and personal care goods is impelling market growth. This sector is employing the substance into hair care as well as skincare items. These products are utilizing oxidative stress of the materials and hence preserving the efficacy of active ingredients. These benefits are attracting numerous customers for adopting such products, and propelling market growth.

• According to the Community Research and Development Information Service (CORDIS), about 26 health research projects on phenolic antioxidants were funded by the EU.

Phenolic Antioxidants Market Restraint

High Production Costs and Availability of Alternative Impede Market Growth

The obstructing factor for market hindrance is the increasing requirement of huge amounts creating the substance. They involve complex chemical reactions and utilize special tools for making the compound. The resources used in making of the item are costly which increases the final product price, which deters end-users from adoption who are cost-sensitive.

Furthermore, rising competition from substitute market players is hindering market growth. Growing development of new items in replacement of antioxidants and their accessibility is diversifying customer choices. Customers prefer less-expensive and similar quality products hindering expansions of original items. In addition, complying with regulatory standards is complex and discouraging demand for the substance. It poses barriers in manufacturing of the substance, for instance delay in approval caused production delay, which is impeding market growth.

Phenolic Antioxidants Market Opportunity

Expansion of Emerging Markets and Integration of Modern Technologies Create Opportunity for Market Growth

One of the significant opportunities for market growth is the amalgamation of advanced techniques in manufacturing products. These are providing innovations in extraction methods. The utilization of bio-based processes and sustainable technologies are offering limiting environmental impact along with enhancing efficiency of products. These advancements are drawing the attention of environment conscious customers.

Furthermore, escalating emerging markets in developing regions is presenting great avenues for market growth. Growing industrial activities are attracting numerous market plays to fulfill the rising demand for the compounds. Growing plastic making and consumer goods manufacturing is fostering market growth.

• According to the Japan Patent Office (JPO), about 113 patents were filed for phenolic antioxidant applications by Japan.

Segmentation

Key Insights

The report covers the following key insights:

• Expansion of Numerous Industry by Key Countries
• Diversification of Applications and Technological Advancements by Key Companies
• Drivers, Restraints, Trends, and Opportunities
• Business Strategies Adopted by Key Players
• Consolidated SWOT Analysis of Key Players
• Key Industry Developments (Mergers, Acquisitions, Partnerships)

Analysis by Source

Based on source, the phenolic antioxidants market is divided into natural and synthetic.

The synthetic segment is leading in this market. This is driven by its mounting command in a range of industries. It has features of steadiness, efficiency, and solubility, which are attracting several customers.

The natural segment is gaining traction in the market, caused by its rising consumption in several firms such as cosmetics, food, and medicine. It is offered as a chemical addition that assists in deterrence of product oxidation.

Analysis by Type

Based on type, the phenolic antioxidants market is divided into mono-functional, bi-functional, and multi-functional.

The mono-functional segment is dominating in the market. It is driven by its many benefits such as preventing corrosion and UV stabilization. These products are vital in cosmetics owing to photo-protective properties for skincare goods.

The multi-functional segment is projected to grow in the market, driven by rising necessities for more capable and budget-friendly solutions. It offers anti-aging, augments shelf life and corrosion inhibition.

Analysis by Application

Based on application, the phenolic antioxidants market is divided into plastic & rubber, fuel & lubricants, cosmetic & personal care, food & feed additive, and others.

The plastic & rubber sector is leading in the market, caused by use of the solution as preservatives in the creation of polymers. They are utilizing the compound to preserve the mechanical and physical qualities for the products.

The food & beverages segment is estimated to expand in the market owing to the employment of the compound for keeping food safe and prolonging its shelf-life. It is used in packaging and meeting demand for inclination of eco-friendly solutions.

Regional Analysis

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Based on geography, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific is the dominating region in this market, driven by the presence of large-scale sectors and mounting their activities. They are expanding plastics manufacturing and are boosting demand for the substance. The growing requirement for customer goods is amplifying utilization of the solution. In addition, packaging and automotive sectors as well as China, India, and Japan are major countries contributing to market growth.

North America is witnessing market growth substantially, caused by growing support by health and wellness. These trends are raising adoption of the compound extensively, which is supporting market growth. The foods sectors are heavily relying on the component of extending shelf-life that pushes market growth. Growing emphasis on natural and sustainable products among consumers is fostering market expansion in this region.

Europe is expected to grow at a fast rate in this market due to paying attention to sustainable practices by manufacturers. Imposition of regulatory standards by the government and their compliance is supporting market dynamics. Rising investment in green techniques in production methods and growing inclination for organic products, fostering market growth.

Key Players Covered

The report includes the profiles of the following key players:

• Afton Chemical (U.S.)
• ADEKA CORPORATION (Japan)
• BASF (Germany)
• Addivant Corporation (U.S.)
• Clariant (Switzerland)
• LANXESS (Germany)
• Eastman Chemical Company (U.S.)
• Dover Chemical Corporation (U.S.)
• Clariant (Switzerland)
• Mayzo, Inc. (U.S.)

Key Industry Developments

• In December 2023, BASF introduced its innovative antioxidant, the Irgastab® PUR 71. They are designed to enhance regulatory fulfillment and performance in polyurethane and polyols foams.
• In July 2022, ChemPoint.com announced partnerships with CFS North America to supply Xtendra BHT, which is a food-grade hindered phenolic antioxidant. The aim of this alliance is to enhance their portfolio of preservatives and antioxidants, which is supporting the rising requirement of the personal care, food, and industrial markets.
• In April 2022, SI Group, Inc. launched a phenol modified bio-based tackifier for use in water-based polychloroprene adhesives, REZICURE HYDRO T8-7900. This latest addition to SI Group’s product line was presented at the 2022 World Adhesive & Sealant Conference, the main international event for adhesive and sealant industry stakeholders worldwide.