Phenolic Antioxidants Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Phenolic Antioxidants Market in 2025 is estimated at USD 4.71 billion. The global market size crossed USD 4.5 billion in 2024 and is likely to register a CAGR of over 5.7%, exceeding USD 9.25 billion revenue by 2037. Europe holds the dominant share, driven by rising food needs and the push for higher agricultural output.
This growth of the market is influenced by the growing production of plastic. Globally, every year about 399 tons of plastics are produced. Hence, with this growth, the adoption of phenolic antioxidants is also projected to grow. This is since, it possesses excellent properties which would prevent the oxidation of plastic. For instance, Bisphenol A (BPA) is a synthetic phenolic antioxidant that is often used to reduce the oxidative degradation of plastic items.
Moreover, the automotive sector also plays a crucial role in boosting the market demand over the coming years since plastics are extensively used in manufacturing automobiles. Initial interior finishing was the principal application for car plastics. However, in recent years, they are also used for exterior automotive elements including doors, fenders, bonnets, and even bumpers that were once reserved for sheet metal and steel. Moreover, the growing trend of light-weight vehicles is boosting the preference for large use of plastics in this sector further driving the market growth.
