Report Code: A08526 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Phenol Based Antioxident Market
Request Now !Phenol-based antioxidants have a hydroxyl group associated with an aromatic ring structure considered to be a primary type of antioxidant. It works as a free radical scavenger that helps in slowing down the rate of oxidation and improves the organic material’s shelf life. It is also used in plastic & rubber, food, and cosmetics industry.
Corona virus has spread all over the world and most of the countries are adopting lockdown measures to control the spread of the virus for securing public health. All business and production activities are fully shut down except food and medical sector or other, leading toward economic crisis in the country. Manufacturing and production functions are stopped which has slowed down the business and inactive trade and transportation has fully disrupted the supply chain because of which companies can face big losses in near future.
Phenol-based antioxidants are used for multi-purpose in different industry verticals, which fuels its demand in the market. Especially, natural phenol-based antioxidants are getting more attention in food & beverage industry by consumers as consumers have more trust on natural and organic ingredients for their health. Use of phenol-based antioxidant is set to witness a robust growth in the plastic & rubber sector as it provides better efficacy and workability in harsh conditions such as high pressure or high temperature condition. It is used as a plastic additive, which slows down or minimizes the degradation and damage of plastic products.
New products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. Companies are highly using phenol based antioxidants in cosmetic industry for products like creams, face masks, and serums for its anti-inflammatory and anti-bacterial properties used for regeneration of acne, seborrheic, and atopic skin.
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Questions Answered in the Phenol-based Antioxidant Market Research Report:
Phenol Based Antioxident Market Report Highlights
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Key Market Players | Mayzo Inc., Addivant, Lanxess AG, Jiyi Chemicals Co. Ltd., Krishna Antioxidants Pvt. Ltd., SI Group, SONGWON, Clariant AG., Adeka Corporation, Emerald Performance Materials LLC, Dorf Ketal, BASF SE |
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