Pune, India, May 28, 2017 /MRFR Press Release/- Market Research Future Published a Half Cooked Research Report on Global Phenolic Antioxidant Market.
Market Overview:
Phenolic Antioxidants are used in a large variety of applications such as stabilizer of raw synthetic rubber, discoloration agent in rubber industry. They are used in various end use industries such as food & feed, plastic, fuel & lubricants, rubber, cosmetic & personal care, and others. Function of Phenolic Antioxidant is to mitigate the material deterioration due to oxidization of plastic in the plastic manufacture process, thus making it more suitable for plastic industry.
On the basis of geography, Asia Pacific region is expected to witness high growth rate as compared to developed regions such as North America and Europe. The demand of Phenolic Antioxidant is comparatively low in North America, Europe, and the Rest of the World region.
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Market Segmentation:
Phenolic Antioxidant is segmented on the basis of type, number of functional group, and end use. On the basis of type, the market is bifurcated into natural and synthetic. Natural Phenolic Antioxidants are further divided into herbs & spices, fruits & vegetables, nuts & seeds, oil & others. Butylated hydroxytoluene (BHT), butylated hydroxyanisole (BHA) and tert-butylhydroquinone (TBHQ) are some of the types of synthetic phenolic antioxidant. They have wide application in vegetable oils, animal feed, cereals, frying oil, chewing gum, potato flakes, cosmetic products, nuts, edible animal fats, butterfats, fish oil, fried foods, and others. Based on the number of 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. Phenolic Antioxidant are proven valuable in the manufacturing of poly ethylene terephthalate, polycarbonate, nylon, acrylonitrile-butadiene-styrene (ABS), and others. Herbs & spices contain high amount of Phenolic Antioxidant such as rosemary contains carnosic acid, carnosol, and rosmarinic acid. Grapes and wines contain various variety of phenolic antioxidant including anthocyanins, catechin, flavonols, and cinnamates. Red grape juice and wines have greater antioxidant capacity due to the presence of higher phenolic content. Plant foods that are rich in phenolic content include cereals such as sesame, oats, soybeans, and coffee. Fruits such as strawberries and plums are rich in phenolic content. Leaves of herbs and bushes such as tea, rosemary, and thyme have abundant amount of Phenolic Antioxidant.
Regional Analysis
:
Asia Pacific emerged as the leading regional market of Phenolic Antioxidant due to its wide utilization in feed & food industry. Expansion of pharmaceuticals and personal care industries in the region is driving regional market growth at a significant rate. Phenolic Antioxidants has wide application in rubber industry for the manufacture of rubber products including colored or white rubber. It act as a stabilizing agent for raw synthetic rubbers, thus benefitting the overall rubber manufacturing process. This factor is leading to the growth of rubber industry in Asia Pacific region.
Europe and North America regions are showing an average growth within the Global Phenolic Antioxidant Market owing to rising consumer awareness regarding health. Stringent environment regulations in Latin America and European countries such as Germany, France, and the Netherlands is anticipated to drive the demand for Phenolic Antioxidants Market in that regions.
Competitive analysis:
Key industry participants for Global Phenolic Antioxidant 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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