SI Group, Inc., has developed REZICURE HYDRO T8-7900, a phenol modified bio-based tackifier for use in water-based polychloroprene adhesives. This latest addition to SI Group's product line was presented at the 2022 World Adhesive & Sealant Conference, the main international event for adhesive and sealant industry stakeholders worldwide.
By incorporating a new production line into the current production facilities, BASF SE has increased the production capacity for its antioxidant Irganox 1010 at its Jurong Island, Singapore.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5027
Published Date: Jun 14, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are the growing application of antioxidants in the healthcare sector, the increase in demand for oil & gas, and the rise in demand for food & beverages.
The market size of phenolic antioxidants is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are DSM, BASF SE, Oxiris Chemicals S. A., Sumitomo Chemical Co., Ltd., and more.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, form, application, source, and by region.
The synthetic segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Stringent government regulations, a surge in the adverse effect of plastics on the environment, toxic reactions on humans when exposed to phenolic are and estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.