Phenolic Antioxidant Market 2018 | Forecast, Size, Growth, Opportunities, and Trends 2023

27/lug/2018 07:40:48 Market Research Future Contatta l'autore

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Global Competitive Analysis 

The players are looking to gain an aggregate share of the market segment. This attitude has set off trends which are related to development which is especially volume driven. This has led to amplification in different ranges of product forms. The sector's change has been led to experimentation with many benefits points. The industry's long term progress can be capitalized upon by continuing the process of improvement and maintaining financial fluidity to invest in the most advantageous strategies when they are on hand.

The vital players in the global market for Phenolic Antioxidant are DSM (Netherlands), BASF SE (Germany), Sumitomo Chemical Company (Japan), Oxiris Chemicals SA (Spain) and Chitec Technology Co., Ltd. 

Industry Updates: 

Feb 2018 SONGWON has a full swing started production of SONGNOX 5650 in Gujarat, India at its Panoli plant to ensure worldwide availability of SONGNOX 5650 to its worldwide markets. The product SONGNOX 5650 is a high molecular weight and is a multifunctional phenolic antioxidant, a post-process stabilizer for polymerization of unsaturated elastomers. Solid company on dependable supply. This added, in-house manufacturing capability allows SONGWON to guarantee dependable supply of SONGNOX 5650 internationally. 

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Industry Segments 

The international industry for Phenolic Antioxidant is categorized on the basis of application, source and region. The source segmentation of the market is into synthetic and natural. The application category of the market includes plastics & rubber, food, cosmetic, pharmaceutical, and lubricant & fuel. The regional division of the phenolic antioxidant market includes Latin America, Europe, North America, Asia Pacific, and the Middle East & Africa. 

Detailed Regional Analysis 

The international Phenolic Antioxidant Industry is segmented into the regions such as Latin America, Asia Pacific, Europe, North America and the Middle East & Africa. The Asia Pacific region registered the main market share in the year 2016, and is expected to grow at a maximum CAGR of 5.20% approx. The power of the Asia Pacific region is due to the use of rubber and plastic in this region. It is the second major market share and it is anticipated by 2023 to reach USD 420.47 million. Germany is the main market in the country. The North American market is a noteworthy region in the global market for Phenolic Antioxidant. It has a considerable market share of 20%, as of the year 2016. The US dictates the North American market share on the basis of volume and value. 

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