Phenolic Antioxidant Market Insight | Growth Analysis, Outlook by Trends, Size, Scope and Forecast
Market – Overview Growth of end use industries of phenolic antioxidants has sparked a high rate of growth in the industry. Market Research Future which specializes in market reports related to the chemicals and material sector amongst others lately issued a report on this industry. The market is estimated to develop at CAGR of 5.10% to attain a USD 1830.05 million in revenues till 2023. The expansion of the market has gained dominance primarily due to the increased demand being observed from its end use industries. Its end use industries like fuel and lubricants, cosmetics and pharmaceutical have rapidly increased the scope of applications for the market. Industry Segments The international industry for Phenolic Antioxidant Market Insight is categorized on the base of application, source and region. The source segmentation of the market is into synthetic and natural. The application category of the market includes plastics & rubber, food, cosmetic, pharmaceutical, and lubr