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Phenolic Antioxidants Market Share
Companies include, BASF SE is a key player in the phenolic antioxidants industry, offering a wide range of solutions that enhance product stability and extend shelf life across industries, particularly in food and automotive sectors. The company focuses on developing high-performance antioxidants, such as Irganox and Irgafos, which are known for their efficiency and multifunctionality.
Lanxess AG contributes significantly with its antioxidants portfolio, including the well-known Levegal and Mesamoll brands. Lanxess emphasizes innovation in stabilizers for polymers and plastics, helping clients meet environmental standards while enhancing product durability. Songwon Industrial is renowned for its expertise in stabilizers and antioxidants, providing solutions that enhance the oxidative stability of various materials, particularly in polymers and coatings. Their Songnox range is widely used for both industrial and consumer products. Eastman Chemical Company offers advanced phenolic antioxidants like Irganox 1010, which are favored for their effectiveness in stabilizing oils and lubricants, supporting industries like automotive and industrial manufacturing. Adeka Corporation focuses on sustainable antioxidant solutions, leveraging its technological expertise to develop eco-friendly and high-performance products that meet growing environmental concerns.
Phenolic Antioxidants Market Companies
Major players operating in the phenolic antioxidants industry are:
- Afton Chemical
- Adeka Corporation
- Addivant
- BASF SE
- Chitec
- Clariant International AG
- Dorf Ketal
- Dover Chem
- Eastman Chemical Company
- Lanxess AG
- Lubrizol Corporation
- Mayzo Inc
- OXIRIS
- SI Group
- Songwon Industrial
How big is the phenolic antioxidants market?
The global market size for phenolic antioxidants was valued at USD 4.6 billion in 2024 and is projected to reach USD 8.1 billion by 2034, driven by a CAGR of 5.8% during the forecast period, fueled by rising demand in the food and beverage industry.
Who are the major players in the phenolic antioxidants industry?
Major players in the market include Afton Chemical, Adeka Corporation, Addivant, BASF SE, Chitec, Clariant International AG, Dorf Ketal, Dover Chem, Eastman Chemical Company, Lanxess AG, Lubrizol Corporation, Mayzo Inc, OXIRIS, SI Group, and Songwon Industrial.
How much is the U.S. phenolic antioxidants market worth?
The U.S. market is projected to reach USD 2.1 billion by 2034, growing at a CAGR of 4.9%, driven by increasing demand for clean-label and plant-based ingredients in food and cosmetics sectors.
What is the market share of the mono-functional type segment in the phenolic antioxidants industry?
The mono-functional type segment held a 44.3% market share in 2024, valued at USD 2.1 billion, and is expected to grow at a CAGR of 5.2% by 2034, driven by its oxidation prevention benefits and increasing adoption in cosmetics and industrial applications.