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Aminic Antioxidants Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Dec 2020 | 54 Views
 
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Aminic Antioxidants Market Analysis 2020-2027:

 

Antioxidants are chemicals that are used to restrain material oxidation. Under the presence of oxidative agents such as oxygen, oxidation starts to form a wide range of oxidation products of higher or lower molecular weight as compared to the original oil. Owing to their functionality, antioxidants are known as shelf life extenders. Thus, they are majorly applicable in food additives, cosmetics, and animal feed manufacturing. Aminic antioxidants are mainly used as fuel & lubricant additives. Additives are used for lubrication purposes and for continuous oil use in engines and gearboxes. Without additives, the oil might contaminate, break down, or leak out and fail to protect the engine parts. Thus, with increase in investments across lubricant production facilities, the consumption of aminic antioxidants is anticipated to grow during the projected timeframe.

Market scope and structure analysis

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast unit

Value (USD)

Segments covered

Type, Application, and Region

Regions covered

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia and the Rest of LAMEA)

Companies covered

Songwon, BASF SE, LANXESS, Addivant, Emerald Performance Materials LLC, Dorf Ketal, King Industries, Inc., Jiyi Chemical Co., Ltd., The Lubrizol Corporation, and Double Bond Chemical Ind. Co., Ltd.

 

Key drivers of global aminic antioxidants market

Rise in demand for plastic additives and increase in production of lubricants, relatively stable economic conditions, and consistent development of the automotive industry in emerging economies are the key factors expected to fuel the demand for aminic antioxidants. Increase in adoption of aminic antioxidants as alternatives for zinc dialkyldiphosphates (ZDDP) is found to be a key factor assisting the growth of the market for aminic antioxidants, as ZDDP possesses superior antioxidant and wear-resistant properties. Environmental regulations, however, have enforced the reduction of phosphorous content in engine oils, which requires an increase in the level of aminic antioxidants to compensate for the loss of antioxidation capability of ZDDP, thus driving the demand for aminic antioxidants.

Market scenario: opportunities and challenges

In the recent past, the global demand for aminic antioxidants has undergone various innovations. The key strategies implemented by the aminic antioxidant producers across the globe are new product releases and manufacturing capability expansions. Prominent market participants involved in the production of aminic antioxidants are engaged in the expansion of their production capacity and introduction of new products. Moreover, companies are investing in research and development activities in anticipation of new industry standard requirements. Thus, with increase in investments across lubricant production facilities, the adoption of aminic antioxidants is expected to grow during the forecast period. However, unstable raw material costs are increasing the price of aminic antioxidants. Thus, volatility of raw materials and rise in energy cost hamper the global demand for aminic antioxidants, thereby restraining the growth of the global market.

COVID-19 scenario analysis

Owing to the outbreak of the COVID-19 pandemic, the global aminic antioxidants market is expected to witness a slowdown during the next couple of years. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in the production activities. In addition, recent decline in the growth of the fuel industry is one of the key factors that is likely to negatively impact the growth of aminic antioxidants market. Moreover, the shortage in supply of raw materials from Chinese manufacturers has resulted in a severe demand–supply gap. However, companies are moving out their production facilities from China with the aim to reduce future risks that would affect the business and to minimize the manufacturers’ cluster in a single country to smoothen the supply chain.

Key segments covered

Segment

Subsegment

Type

  • Diphenylamine
  • Phenyl-alpha-napthylamine
  • Phenylene diamine

Application

  • Plastic processing
  • Rubber processing
  • Food & feed additive
  • Fuel & lubricants additive
  • Adhesives processing
  • Others

Key benefits of the report

  • This study presents the analytical depiction of the global aminic antioxidants industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global aminic antioxidants market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global aminic antioxidants market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global aminic antioxidants market research report

  • Which are the leading market players active in the global aminic antioxidants market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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