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Phenolic Antioxidants Market Share

Report ID: GMI7419
Published Date: Nov 2023
Report Format: PDF

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Phenolic Antioxidants Market Share

Some of the major market players operating in the phenolic antioxidants industry are:

BASF SE
Lanxess AG
Songwon Industrial
Eastman Chemical Company
Adeka Corporation
SI Group
Dorf Ketal
Addivant
Lubrizol Corporation
Mayzo Inc
OXIRIS
Clariant International AG
Dover Chem
Afton Chemical
Chitec

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

BASF is a leading producer of phenolic antioxidants. The company offers a wide range of phenolic antioxidant products, including natural and synthetic antioxidants, as well as antioxidants for various applications. BASF is a major supplier of phenolic antioxidants to the global market and has a strong presence in Asia, Europe, and North America.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for phenolic antioxidants reached around USD 4.23 billion in 2022 and is estimated to be worth USD 7.25 billion by 2032 driven by the widespread application of these antioxidants across sectors including food and beverages, plastics, rubber, and pharmaceuticals.

Natural phenolic antioxidants market generated USD 3.11 billion in revenue in 2022 and is likely to witness high demand through 2032 owing to the shifting consumer preference towards sustainable natural and organic products.

North America market size for phenolic antioxidants reached USD 1.26 billion in 2022 and is set to expand at a significant pace from 2023-2032 owing to the rising product demand from key industries such as plastics and food & beverages coupled with the increasing consumer inclination towards clean label products and sustainable solutions.

Some of the top companies engaged in the phenolic antioxidants market are BASF SE, Lanxess AG, Eastman Chemical Company, Adeka Corporation, Addivant, OXIRIS, Clariant International AG, Afton Chemical, and Chitec, among others.