Antioxidants: Applications and Global Markets

LONDON, Sept. 25, 2017 /PRNewswire/ -- The global market for antioxidants should reach $6.4 billion by 2022 from $5.2 billion in 2017 at a compound annual growth rate (CAGR) of 4.2%, from 2017 to 2022.



Download the full report: https://www.reportbuyer.com/product/2837391


• The rubber and latex application market for antioxidants is expected to grow from $2.2 billion in 2017 to nearly $2.7 billion in 2022 at a CAGR of 3.7% for the period 2017-2022.
• The others (pharmaceuticals, ink, paints, coatings and adhesives) application of the antioxidants market is expected to grow from $28.5 million in 2017 to $41.4 billion in 2022 at a CAGR of 7.8% for the period 2017-2022.
 
Chapter 1: Introduction
The global market for antioxidants has been growing at a significant rate over the past five years, mostly driven by Asia-Pacific, and is keeping pace with applications in industries such as plastics and rubber, food, cosmetics, fuel additives and animal feed.

Although research and development (R&D) in antioxidants technologies has reduced overall operating costs, it has also made the industry more protective.

Antioxidants are molecules that prevent other molecules from oxidation by inhibiting the initiation or propagation of oxidative chain reactions. When assessing the market, antioxidants are broadly divided into five types: aminic, phenolic, phosphite, thioesters and natural-based.

Antioxidants are growing in popularity based on trends in health and well-being, increased use of anti- aging serums, growing demand for food preservatives as well as fuel additives used primarily in the plastics and rubber industry. The growth outlook for antioxidants is expected to be highest in Asia- Pacific, followed by Europe and North America.

Major players in the antioxidants market are Addivant, Baker Hughes Inc., BASF, Chemtura Corp., Clariant, Danisco, DSM, Eastman Chemical Co., Evonik Industries, Kemin Europa, Naturex Inc., Perstorp, SI Group, Songwon Industrial Co., Sumitomo Chemical, Dow Chemical and Thermo Fisher Scientific.

The report also highlights major suppliers in the industry.

Study Goals and Objectives
The report aims to provide an analysis of recent developments and trends in the global antioxidant market and its significant revenue growth drivers. These detailed findings seek to quantify the projected impact of both internal and external forces that affect the contemporary market scenario for antioxidants and the forces expected to impact the industry in the future.

Reasons for Doing This Study
In the past five years, rapidly emerging economies in terms of both economic growth and population, particularly China and India, have underpinned demand for antioxidants. The sector has seen significant expansion, with more start-ups and small companies in the Asia-Pacific region.

Scope of Report
Broad in scope, the report discusses the various types of antioxidants used in different industries. The market is categorized based on type of antioxidant, application and regional market. Revenue forecasts from 2017 through 2022 are also included with estimated values derived from total manufacturer revenues.

The report also focuses on:
• Major players and the business dynamics in each regional market.
• Significant drivers in the global antioxidant market.
• Current industry trends.
• Major applications for antioxidants.

In addition, the report includes detailed analyses of the major vendors, along with their profiles, in the global antioxidant market.

Information Sources
The findings and conclusions of this report are based on information gathered from both primary and secondary sources of research. The primary sources of information are industry association data as well as interviews conducted with antioxidant companies and distributors.

Secondary sources are comprised of industry journals and publications, product literature, white papers, technical journals and financial reports for industry suppliers.

The base year for analysis and projection is 2016 while market projections were developed from 2017 through 2022. These projections are based on a consensus among primary contacts combined with an understanding of the key market drivers and their impact on historical and analytical perspectives. The analytical methodologies used to generate these estimates are described in detail in the market analysis. All dollar projections presented in this report are in 2016 constant U.S. dollars.

Methodology
A descriptive study has been done along with the analyses, using both quantitative and qualitative approaches, for the global antioxidant market of different industries.

BCC Research collects data through various primary and secondary sources, interviews with industry vendors, white papers, business journals, public financial proceedings and market data obtained from the Internet. The market data are assessed and validated against interrelated market attributes and the impact of global economic variables.

The value of the market is then obtained through a combination of bottom-up and top-down approaches using exclusive market modeling tools to generate BCC Research's market data and forecasts.

Estimated values used are based on manufacturers' total revenues.

Intended Audience This report is especially intended for manufacturers, suppliers, end users and others with vital interests in antioxidants.

Sales executives and managers can use the report as an updated guide to obtain sufficient information on antioxidants, their major drivers, along with new trends and other significant factors.

Geographic Breakdown Market analyses are included for the following regions:
• North America – the U.S., Canada and Mexico.
• Europe – from Greenland (Denmark) to Russia and from Norway to Greece.
• Asia-Pacific – from Afghanistan to Japan and from Mongolia to New Zealand.
• South America – from Guatemala to Chile.
• ROW – all Middle East countries and Africa.

Chapter 2: Summary and Highlights
Antioxidants are broadly divided into five types: aminic, phenolic, phosphite, thioesters and natural- based. Oxidation incurs the loss or transfer of electrons or hydrogen via the reaction of two or more substances to an oxidizing agent. Antioxidants prevent other molecules from oxidation by inhibiting the initiation or propagation of oxidative chain reactions.

Antioxidants continue to be the preferred choice over other additives, mainly for plastic resin and the rubber processing industries. The food, cosmetics, fuel additives, animal feed, pharmaceuticals, leather, ink and coatings industries also depend on antioxidants as essential additives for applications such as abating discoloration, flex cracking, odor control and increasing tensile strength.

BCC Research projects that the global market for antioxidants will grow from $5.2 billion in 2017 to $6.4 billion by 2022 at a CAGR of 4.2%.

Rubber and latex, along with plastic resin, are the largest application markets for antioxidants. Increased motorcycle and bicycle production in China has led to rising demands for rubber for the manufacture of vehicle tires. Non-tire rubber applications are also expected to grow at a high rate due to the rising levels of global manufacturing activities. Rubber is used in industrial applications such as vibration control and sealing, and many automotive parts such as gaskets, hoses and belts are all manufactured from rubber.

Oxidation of food items often leads to color decomposition, rancidity and a reduction in nutritional value. Use of antioxidants in preserving food products is one of best ways to improve their shelf life. In recent years, the demand for antioxidants has significantly increased because of their incredible ability to preserve food for long durations.

Increased production of packaged food items, particularly processed meat, is translating into higher demand for food preserving substances and additives, and antioxidants are the preferred choice for manufacturers. However, growing awareness about health and skepticism over synthetic antioxidants are propelling the demand for natural antioxidants.

Rosemary extracts in particular are now the preferred natural antioxidant for food processing due to their exceptional ability to protect fat oxidation and help prevent color decomposition. Growing concerns over food safety and increasing demand for natural ingredients are expected to boost the demand for these antioxidants.

Natural antioxidants are safe and do not have any side effects. Higher consumption of processed food containing artificial ingredients, which invokes the risk of acquiring chronic and terminal diseases, is characterizing the need for natural antioxidants. In addition, the increasing prevalence of diabetes, amyotrophic lateral sclerosis, cancer and neurological disorders are heightening demand for natural antioxidants in consumable products.

The consumption of antioxidants can slow down the aging process and several cosmetic products have been launched that contain natural antioxidants and increased demand is expected to drive the global antioxidants market.

The low cost of manufacturing synthetic antioxidants and their easy availability are the two main factors supporting growth. The natural antioxidants segment will also witness steady growth, but it will be slow in comparison due to higher manufacturing costs. Increasing consumer interest in natural ingredients and green food are expected to buoy demand.

Major players in the global antioxidants market include:
• North America 
• Addivant 
• Albemarle Corp. 
• Baker Hughes Inc. 
• Chemtura Corp. 
• Cytec Industries Inc. 
• Dow Chemical 
• Eastman Chemical 
• Ecolab 
• Evonik Industries 
• Innospec Inc. 
• Kemin Industries 
• Lubrizol Corp. 
• Novus International 
• Thermo Fisher Scientific Europe 
• Adisseo 
• BASF• Clariant 
• Danisco 
• DSM• Jan Dekker 
• Lanxess AG• Naturex 
• Perstorp 
• Raschig Asia-Pacific 
• Adeka Corp. 
• Korea Kumho 
• Songwon Industrial Co.

Download the full report: https://www.reportbuyer.com/product/2837391

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
https://www.reportbuyer.com

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com  

View original content:http://www.prnewswire.com/news-releases/antioxidants-applications-and-global-markets-300525235.html

SOURCE ReportBuyer