Phenol-based antioxidants have a hydroxyl group associated with an aromatic ring structure considered to be a primary type of antioxidant. It works as a free radical scavenger that helps in slowing down the rate of oxidation and improves the organic material’s shelf life. It is also used in plastic & rubber, food, and cosmetics industry. Phenol Based Antioxident Market 2022: Analysis by Business Development, Concentration Rate, Competitive Situation and Trends Forecast To 2030
COVID-19 Scenario Analysis:
Corona virus has spread all over the world and most of the countries are adopting lockdown measures to control the spread of the virus for securing public health. All business and production activities are fully shut down except food and medical sector or other, leading toward economic crisis in the country. Manufacturing and production functions are stopped which has slowed down the business and inactive trade and transportation has fully disrupted the supply chain because of which companies can face big losses in near future.
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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Phenol-based antioxidants are used for multi-purpose in different industry verticals, which fuels its demand in the market. Especially, natural phenol-based antioxidants are getting more attention in food & beverage industry by consumers as consumers have more trust on natural and organic ingredients for their health. Use of phenol-based antioxidant is set to witness a robust growth in the plastic & rubber sector as it provides better efficacy and workability in harsh conditions such as high pressure or high temperature condition. It is used as a plastic additive, which slows down or minimizes the degradation and damage of plastic products.
The global phenol based antioxidant market trends are as follows:
New product launches to flourish the market
New products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. Companies are highly using phenol based antioxidants in cosmetic industry for products like creams, face masks, and serums for its anti-inflammatory and anti-bacterial properties used for regeneration of acne, seborrheic, and atopic skin.
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Key Benefits of the Report:
This study presents the analytical depiction of the global phenol based antioxidant industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global phenol based antioxidant market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global phenol based antioxidant market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global phenol based antioxidant market analysis based on competitive intensity and how the competition will take shape in the coming years.
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Key Players:
BASF SE, SONGWON, Adeka Corporation, SI Group, Addivant, Dorf Ketal, Lanxess AG, Emerald Performance Materials LLC, Jiyi Chemicals Co. Ltd., Krishna Antioxidants Pvt. Ltd., Mayzo Inc., Clariant AG.
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