Global Antioxidants Market 2024

Global Antioxidants Market 2024

Antioxidants are additives used in various industrial processes and products to prevent or inhibit oxidation reactions, thereby extending the shelf life, stability, and performance of materials. These antioxidants find widespread applications across various industries, including plastics, rubber, petroleum, lubricants, paints, coatings, adhesives, textiles, and food processing. In plastics and rubber manufacturing, antioxidants are added to polymers to prevent degradation during processing, storage, and exposure to heat, light, and oxygen. In the petroleum industry, antioxidants are used to stabilize fuels and lubricants, improving their storage stability and performance. Additionally, antioxidants are employed in paints, coatings, and adhesives to enhance durability and weather resistance.

The global antioxidants market is projected to rise by USD 2.1 billion by 2030, according to the latest market study results. It is anticipated to expand at a CAGR of 4.7 percent during the forecast period. The increasing demand for polymers and plastics in industries such as packaging, automotive, construction, and electronics drives the need for antioxidants to protect these materials from degradation. Antioxidants are added to polymers during processing and manufacturing to improve their stability, durability, and performance, thereby extending their service life and reducing maintenance costs.

The automotive industry is a significant consumer of industrial antioxidants, particularly in applications such as automotive coatings, adhesives, sealants, and rubber components. As the automotive sector continues to expand globally, driven by factors such as urbanization, rising disposable incomes, and increasing demand for electric vehicles, the demand for antioxidants to protect automotive materials from degradation is expected to grow.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the type, application, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global baby bottle market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The global market for antioxidants can be segmented by type: natural antioxidants, synthetic antioxidants.

Antioxidants market is further segmented by application: animal feed, food and beverages, fuels and lubricants, personal care and cosmetics, plastics, rubber and latex, others. In 2023, the rubber and latex segment made up the largest share of revenue generated by the antioxidants market.

Based on region, the antioxidants market is segmented into: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America. Among these, Asia-Pacific was accounted for the highest revenue generator in 2023.

The report explores the recent developments and profiles of key vendors in the Global Antioxidants Market, including ADEKA Corporation, BASF SE, Beijing Jiyi Holdings Group Co., Ltd., China National Bluestar (Group) Co., Ltd. (Adisseo Group), Chitec Technology Co., Ltd., Clariant AG, Double Bond Chemical Industry Co. Ltd., Eastman Chemical Company, Everspring Chemical Co., Ltd., Givaudan SA (NATUREX SA), Henan Longji Chemical Co., Ltd., Innospec Inc., International Flavors & Fragrances Inc. (DuPont Nutrition & Biosciences), Jiangsu Sinorgchem Technology Co., Ltd., Johoku Chemical Co., Ltd., Kemin Industries, Inc., Koninklijke DSM N.V., Kumho Petrochemical Co., Ltd. (KKPC), Lanxess AG, MFCI Co., Ltd., Nanjing Hua Lim Chemical Co., Ltd., NOCIL Limited, Penglai Hongwei Chemical Co., Ltd., Perstorp AB, Rianlon Corporation, Seiko Chemical Co., Ltd., Shandong Linyi Sanfeng Chemical Co., Ltd., Shipro Kasei Kaisha., Ltd., SI Group, Inc., Songwon Industrial Co., Ltd., Sumitomo Chemical Co., Ltd., Sunko Ink Co. Ltd., Yingkou Fengguang Advanced Material Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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The market estimate for ease of analysis across scenarios in Excel format.

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Market Segments Covered in Global Antioxidants Industry Analysis:

i.) Type

• Natural antioxidants
• Synthetic antioxidants

• Aminic antioxidants

• Phenolic antioxidants

• Phosphite antioxidants

• Thioester antioxidants

ii.) Application

• Animal feed
• Food and beverages
• Fuels and lubricants
• Personal care and cosmetics
• Plastics
• Rubber and latex
• Others

iii.) Region

• Asia-Pacific
• Europe
• North America
• Middle East and Africa (MEA)
• South America