Source (Natural, Synthetic)
Phenolic antioxidants market from the synthetic segment is predicted to generate the largest revenue in the upcoming years. This growth of the segment is estimated to be influenced by its growing use as additives in various end-use industries such as plastic & rubber, and fuel & lubricant. Moreover, synthetic phenolic antioxidants are employed as food additives to extend the shelf life of foods since they inhibit aging processes including the oxidation of lipid components that encourage color change and nutritional value loss.
Application (Plastic & Rubber, Food & Feed Additives, Fuel & Lubricants, and Industrial Lubricants, Pharmaceuticals & Personal Care)
The plastic & rubber segment is slated to hold a noteworthy share of the phenolic antioxidants market over the projected period. Antioxidants derived from phenols are frequently utilized as preservatives in the manufacture of rubber and plastics. Plastic is being accepted by various industries at an exponential rate owing to its outstanding qualities. Plastic additives are used as they lessen or postpone the degradation of plastic products, enhancing their effectiveness and usability under difficult circumstances such high pressure and temperature. As phenolic antioxidants control & limit the oxidation of plastic products in harsh settings, they are used as antioxidant additives in polymer processing. In turn, over the period of the prediction, this would fuel demand for phenolic antioxidants.
Our in-depth analysis of the global market includes the following segments:
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Author Credits: Rajrani Baghel
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