Antioxidants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

Recently released data on the antioxidants market indicates that global revenue from consumption is projected to reach approximately US$ 3.92 billion by the end of 2024.

Key Market Highlights:

1. Steady Growth: Antioxidants, used to reduce the oxidation process and extend product life, have been experiencing significant growth.
2. Diverse Applications: The demand for antioxidants is driven by various end-use industries, including plastics, polyolefin production, adhesives, synthetic rubber, fuel & lubricants, styrene elastomers, and more.
3. Post-Pandemic Recovery: After the COVID-19 pandemic's impact on economies and industries, the market has been in recovery since Q1 2021, with rising demand expected in key sectors.

Factors Fueling Market Growth:

Increased Penetration of Plastic Products: Antioxidants derived from phenolic compounds find extensive use in the production of plastic goods and composites, contributing to the growing demand for antioxidants as plastics gain traction in industries like automotive and aerospace.

Industrial Coatings: Antioxidants are crucial for protecting coatings from oxidation, ensuring their molecular integrity and durability in various applications, including consumer goods and electronics.

Consumption Outlook in India: India's market for antioxidants is set to grow significantly due to the expansion of end-use industries like plastics, automotive, and construction, which rely on antioxidants for various applications.

China's Dominance: China plays a significant role in antioxidant production and export, with strong growth in end-use sectors contributing to market expansion.

Competitive Landscape:

The antioxidants market is fragmented, with a mix of key manufacturers and numerous small- and medium-sized players. Key companies in the market are expected to hold a significant share.

Key Companies Profiled:

BASF SE
Vinati Organics
Trigon Antioxidants Pvt. Ltd.
Sandhya Organic Chemicals Pvt. Ltd.
Sarex
UPL
SI Group
Songwon
VDH Chem Tech Pvt. Ltd.
Adishank Chemicals Pvt. Ltd.
Khera Chemical Industries
Cristol
Sasol Limited
Prakash Chemicals
Adeka Corporation
Clariant AG

Market Segmentation

By Type:

Alkyl Phenol Derivatives

2,4 DTBP

2,6 DTBP

Ortho tert butylphenol

Para tert butylphenol

Phosphite & Phosphonite

Tris(2,4-ditert-butylphenyl) phosphite

Bis(2,4-di-t-butylphenyl) pentaerythritol

Tetraphenyl Dipropylene Glycol Diphosphite

Phenolic Antioxidants

AO 1098

AO 3114

AO 1024

AO 1520

AO 1035

By Application:

Polyurethane
Polyester
Polycarbonate
Coating Resin
PVAC
PVA
PVC
Nylon
Polyimide
PEEK
Polyketone
PAEK
ABS
Polystyrene
Polybenzimidazole
Petroleum Products

Fuel & Lubricants

Industrial Lubricants

Greases

Engine Oils

Hydraulic Fluids

Transmission Oil

Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

1. Executive Summary

1.1. Global Antioxidants Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Antioxidants Market Outlook, 2018 - 2031

3.1. Global Antioxidants Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Alkyl Phenol Derivatives
  - 3.1.1.2. Phosphite & Phosphonite
  - 3.1.1.3. Phenolic Antioxidants
3.2. Global Antioxidants Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Food and Feed Additives
  - 3.2.1.2. Pharmaceuticals and Personal Care Products
  - 3.2.1.3. Fuel and Lubricant Additives
  - 3.2.1.4. Plastic, Rubber, and Latex Additives
  - 3.2.1.5. Others
3.3. Global Antioxidants Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Antioxidants Market Outlook, 2018 - 2031

4.1. North America Antioxidants Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Alkyl Phenol Derivatives
  - 4.1.1.2. Phosphite & Phosphonite
  - 4.1.1.3. Phenolic Antioxidants
4.2. North America Antioxidants Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Food and Feed Additives
  - 4.2.1.2. Pharmaceuticals and Personal Care Products
  - 4.2.1.3. Fuel and Lubricant Additives
  - 4.2.1.4. Plastic, Rubber, and Latex Additives
  - 4.2.1.5. Others
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Antioxidants Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Antioxidants Market Outlook, 2018 - 2031

5.1. Europe Antioxidants Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Alkyl Phenol Derivatives
  - 5.1.1.2. Phosphite & Phosphonite
  - 5.1.1.3. Phenolic Antioxidants
5.2. Europe Antioxidants Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Food and Feed Additives
  - 5.2.1.2. Pharmaceuticals and Personal Care Products
  - 5.2.1.3. Fuel and Lubricant Additives
  - 5.2.1.4. Plastic, Rubber, and Latex Additives
  - 5.2.1.5. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Antioxidants Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Antioxidants Market Outlook, 2018 - 2031

6.1. Asia Pacific Antioxidants Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Alkyl Phenol Derivatives
  - 6.1.1.2. Phosphite & Phosphonite
  - 6.1.1.3. Phenolic Antioxidants
6.2. Asia Pacific Antioxidants Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Food and Feed Additives
  - 6.2.1.2. Pharmaceuticals and Personal Care Products
  - 6.2.1.3. Fuel and Lubricant Additives
  - 6.2.1.4. Plastic, Rubber, and Latex Additives
  - 6.2.1.5. Others
- 6.2.2. Others BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Antioxidants Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Antioxidants Market Outlook, 2018 - 2031

7.1. Latin America Antioxidants Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Alkyl Phenol Derivatives
  - 7.1.1.2. Phosphite & Phosphonite
  - 7.1.1.3. Phenolic Antioxidants
7.2. Latin America Antioxidants Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Food and Feed Additives
  - 7.2.1.2. Pharmaceuticals and Personal Care Products
  - 7.2.1.3. Fuel and Lubricant Additives
  - 7.2.1.4. Plastic, Rubber, and Latex Additives
  - 7.2.1.5. Others
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Antioxidants Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Antioxidants Market Outlook, 2018 - 2031

8.1. Middle East & Africa Antioxidants Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Alkyl Phenol Derivatives
  - 8.1.1.2. Phosphite & Phosphonite
  - 8.1.1.3. Phenolic Antioxidants
8.2. Middle East & Africa Antioxidants Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Food and Feed Additives
  - 8.2.1.2. Pharmaceuticals and Personal Care Products
  - 8.2.1.3. Fuel and Lubricant Additives
  - 8.2.1.4. Plastic, Rubber, and Latex Additives
  - 8.2.1.5. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Antioxidants Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Antioxidants Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Antioxidants Market by Application, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs by Application Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. BASF SE
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. Vinati Organics
- 9.4.3. Trigon Antioxidants Pvt. Ltd.
- 9.4.4. Sandhya Organic Chemicals Pvt. Ltd.
- 9.4.5. Sarex
- 9.4.6. UPL
- 9.4.7. SI Group
- 9.4.8. Songwon
- 9.4.9. VDH Chem Tech Pvt. Ltd.
- 9.4.10. Adishank Chemicals Pvt. Ltd.
- 9.4.11. Khera Chemical Industries
- 9.4.12. Cristol
- 9.4.13. Sasol Limited
- 9.4.14. Prakash Chemicals
- 9.4.15. Adeka Corporation
- 9.4.16. Clariant AG

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations