Global Phenolic Antioxidant Market Overview:
Phenolic Antioxidant Slows Down the Oxidation Cycle of the Polymers by Scavenging Free Radicals. They Assist in Preventing Thermal Oxidation Reactions when Plastics are Processed at High Temperatures. They Provide Long Term Thermal Stability to Resins, Adhesives, Plastics, & Lubricants. They are Used to Either Help in the Processing of the Material, or to Make the Final Product More Appealing, Durable or Useful
Growth Drivers
- Growth in the Automotive Industry Producing Parts like Bumpers, Seat Back Covers Door Panels, Pillar Mouldings, Door Trims, & Motorcycle Part Made from Plastics with the Addition of Phenolic Antioxidants
- Rapid Rise in the Construction Sector using Phenolic Antioxidants for Providing Improved Mechanical Strength to the Products like Adhesives, Coatings, Roofing Tiles & Shakes, Solar Shingles, Shutters, Pipes, & Wires
Roadblocks
- Stringent Government Regulations Associated with the Usage of Plastics in Developed Countries
Opportunities
- Thriving Plastics Industry Utilising Phenolic Antioxidants for Providing Better Mechanical Strength in the Manufacturing of Products like Food Packaging Film, Plastic Bottles & Containers, Water Tank, Drums, Boxes, Containers, & Industrial Fittings
- There are prospects for the market growth, owing to the increased usage of Phenolic Antioxidants in the Rubber Industry
Challenges
- Market Presence of Other Antioxidants like Phosphite & Phosphonite as well as Antioxidants Blends May Pose a Challenge
Competitive Landscape:
The Market for the Phenolic Antioxidant is Fragmented with the Presence of Many Players. Leading Players Can Adopt Strategies Like a Merger, Acquisition, Expansion, New Product Launch, in Order to Gain Share Within the Market. Owing to Booming Industrialization, there are Growing Prospects for the New Players to Enter the Market
Some of the key players profiled in the report are BASF SE (Germany), DSM (Netherlands), Oxiris Chemicals S. A. (Spain), Sumitomo Chemical Company (Japan), Chitec Technology Co., Ltd. (Taiwan), Addivant (United States), Adeka Corporation (Japan), SONGWON Industrial Group (South Korea), Double Bond Chemical Ind., Co., Ltd. (Taiwan) and Kumho Petrochemical Co., Ltd. (South Korea). Additionally, following companies can also be profiled that are part of our coverage like Emerald Performance Materials LLC (United States), Clariant (Switzerland), Evonik Industries Ag (Germany), Amfine Chemical Corporation (United States), Lanxess Aktiengesellschaft (Germany), Mayzo Inc. (Georgia), Ampacet Corporation (United States), Dover Chemical Corporation (United States), Solvay (Belgium) and Sumitomo Chemical (Japan). Analyst at AMA Research see United States Players to retain maximum share of Global Phenolic Antioxidant market by 2026. Considering Market by Packaging, the sub-segment i.e. Bottle will boost the Phenolic Antioxidant market. Considering Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Phenolic Antioxidant market.
Latest Market Insights:
In December 2019, BASF Inaugurated the Second Phase of its New, Antioxidants Manufacturing Plant at its Caojing Site in Shanghai, China and In June 2018, SK Capital Partners, a Private Investment Firm Focused on the Specialty Materials, Chemicals & Pharmaceuticals Sectors, Announced an Agreement to Acquire SI Group, a Leading Global Developer & Manufacturer of Performance Additives and Intermediates
In April 2018, BASF, in Cooperation with Waterchem, Launched the Production of Irganox® 565, a Plastic Antioxidant, in Isohara, Japan and In February 2018, Songwon Industrial Ltd started to manufacture the product Songnox 5650, a high-molecular-weight, multifunctional phenolic antioxidant primarily used as a post-polymerization process stabilizer for unsaturated elastomers, at its Panoli plant in Gujarat, India
What Can be Explored with the Phenolic Antioxidant Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Phenolic Antioxidant Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Phenolic Antioxidant
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Phenolic Antioxidant market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Phenolic Antioxidant market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Phenolic Antioxidant, Distributors, Traders, & Suppliers, Importers & Exporters, Investors, Regulatory & Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.