Phenolic Antioxidant Market is expected to grow at CAGR of 5.10% to reach USD 1830.05 million till 2023

Phenolic Antioxidant Market
Global Phenolic Antioxidant Market Information: by Source (Natural and Synthetic), by Application (Food, Plastics & Rubber, Pharmaceutical, Cosmetic, Fuel & Lubricant and Other), and by Region (Asia Pacific, Europe, North America, Latin America, and Middle East &Africa,) – Forecast till 2023

Phenolic Antioxidants are compounds which possesses exceptional properties that provide resistance to sickness ranging from cancer to arthritis. Their protective power comes directly from polyphenols, which are found in fruits, grains, and vegetables. Teas, herbs and spices made from plants also contain Phenolic Antioxidants. Phenolic antioxidant find its large application in food & feed, plastic, fuel & lubricants, rubber, cosmetic & personal care industries.

On the basis of region, Phenolic Antioxidant Market segmentation include its current and estimated demand in Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. Regionally, Asia Pacific is expected to be the fastest growing region within the forecast period owing to rising demand of packaged food due to increasing urban population. Also, increasing consumption of dairy products and meat products led to the growth of market in Asia Pacific region. Moreover, usage of Phenolic Antioxidant in fuels and lubricants along with growth of automotive industry has proved as a major driver for this market.

Key Players:
The prominent players operating in the acrylic based waterborne coatings market include Mayzo Inc. (U.S.), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Evonik Industries (Germany), DSM (the Netherland), OXIRIS (Spain), VDH CHEM TECH PVT. LTD (India), Akrochem Corporation (U.S.), Chitec Technology Co., Ltd. (Taiwan), Addivant (U.S.) and others.    

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Regional Analysis:
Asia Pacific is set to witness exponential growth over the next seven years due to increasing demand from food & feed and cosmetic & personal care industries. Growth of manufacturing bases for food & feed, fuel & lubricants and personal care is expected to drive the market growth. Growth is mainly observed in India and China due to buying power of population and demand for healthy diet.

There is a high consumption of pork and pork based products in most of the European and North American countries, thus led to increasing the growth of Phenolic Antioxidant Market which is used in feed additive industry.

The Global Phenolic Antioxidant Market is segmented on the basis of type, number of functional group, end use industry and region. Based on the type, market is segmented into natural, synthetic. Natural group comprises of herbs & spices, fruits & vegetables, nuts & seeds, oil & others. Based on phenolic group market is segmented into mono-functional phenols, bi- functional phenols, and multi -functional phenols. Based on end use industry, the market is categorized into food & feed, plastic, fuel & lubricants, rubber, cosmetic & personal care, and others. Based on region, this market is segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa.

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Geographical Analysis:
The report covers brief analysis of geographical regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Key Points from Table of Contents:

12.    Company Profiles   

12.1       Mayzo Inc
12.1.1    Company Overview
12.1.2    Product/Business Segment Overview
12.1.3    Financial Updates
12.1.4    Key Developments

12.2       BASF SE
12.2.1    Company Overview
12.2.2    Product/Business Segment Overview
12.2.3    Financial Updates
12.2.4    Key Developments

12.3       Archer Daniels Midland Company
12.3.1    Company Overview
12.3.2    Product/Business Segment Overview
12.3.3    Financial Updates
12.3.4    Key Developments

12.4       Evonik Industries
12.4.1    Company Overview
12.4.2    Product/Business Segment Overview
12.4.3    Financial Updates
12.4.4    Key Developments   

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