Phenolic Antioxidants Market Trends

Growth Drivers

• Growing Application of Antioxidants in the Healthcare Sector

Antioxidants in the diet may have a major impact on the prevention and progression of many diseases connected with oxidative stress. Numerous studies have looked at the role of phenolic compounds as antioxidants in preventing some of the most prevalent diseases linked to oxidative stress-driven pathologies, including cancer, heart disease, and neurological disorders.

• Surging Demand for Oil & Gas

Global oil consumption is anticipated to reach about 103 mb/d by 2026. Hence, phenolic antioxidants could play a crucial role in satisfying this demand. The need for lubricant is high in industries such as oil and gas which uses heavy machinery to carry out their day-to-day activities. Moreover, this machinery also operates in extreme weather which could result in wear and tear of machines. Hence, in order to keep the functioning of machines in an efficient manner the need for lubricants is growing. Further, lubricants are mixed with phenolic antioxidants in order to boost the effectiveness of lubricants. Hence, in this manner, this factor would boost the demand for the market.

• Boost in Food & Beverages Demand

The phenolic chemicals, vitamins, and carotenoids that make up natural antioxidants are found in plants (fruits, legumes, and vegetables), mushrooms, and algae. Hence, natural phenolic antioxidants have recently gained popularity over synthetic ones, mostly as a result of consumers' increased desire for foods and beverages that are functional and have been infused with natural ingredients while still maintaining their original flavor and nutritional value.

Challenges

• Stringent Government Regulations
• Surge in Adverse Effect of Plastic on Environment
• Toxic Reaction on Human When Exposed to Phenolic - Utilization of various pharmaceuticals, such as throat lozenges and ointments, may result in phenol exposure.  In humans, acute (short-term) inhalation or dermal exposures to phenol cause severe irritation to the skin, eyes, and mucous membranes.  It has been suggested that oral exposure to phenol is very hazardous to humans.  In humans who have been chronically (long-term) exposed, symptoms including anorexia, increasing weight loss, diarrhea, vertigo, salivation, dark urine color, and effects on the blood and liver have all been reported.