Global Synthetic Antioxidants Market to Reach $4 Billion by 2030
The global market for Synthetic Antioxidants estimated at US$2.7 Billion in the year 2023, is expected to reach US$4 Billion by 2030, growing at a CAGR of 6% over the period 2023-2030. Liquid Synthetic Antioxidants, one of the segments analyzed in the report, is expected to record 6.3% CAGR and reach US$2.4 Billion by the end of the analysis period. Growth in the Dry Synthetic Antioxidants segment is estimated at 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $713.7 Million, While China is Forecast to Grow at 8.8% CAGR
The Synthetic Antioxidants market in the U.S. is estimated at US$713.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$910.4 Million by the year 2030 trailing a CAGR of 8.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
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