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Market report on antioxidants published

Many industries require antioxidants: plastics and rubber, gas and fuels, lubricants, adhesives and cosmetics are growth markets for antioxidants.

In 2007, the worldwide antioxidants market had a total volume of approx. 0.88 million tons. With growth rates of 3.9% per year, it is expected that this volume will rise to 1.25 million tons in 2016. Asia accounts for the greatest percentage of the market, followed by Europe and North America. In 2007, the antioxidant sales volume amounted to approx. 3.7 billion US dollars (2.4 billion euros). It is assumed that the sales volume will increase to 5.8 billion US dollars (3.8 billion euros) by 2016, which translates to a growth rate of 5.2% per year.

Shift to Asia

Both demand and production of antioxidants are moving from the USA, Western Europe and Japan to the emerging markets in Asia, in particular, China and India. This is especially due to the lower wages in these countries and the less strict environmental regulations. In the emerging countries themselves, the domestic demand for products that contain antioxidants is growing. While a few large antioxidant suppliers dominate the relatively saturated markets in the industrialised countries, the market in Asia is still very much fragmented. New Asian suppliers are creating an additional pressure on established manufacturers.

Growth and price development

Many industries require antioxidants: the plastics and rubber, gas and fuel, lubricants, adhesives and cosmetics industries are examples of growing markets for antioxidants. In addition, the production of certain types of plastics and lubricants has increased the demand for antioxidants in order to attain a higher quality and better performance.
Although the demand can still be met, the price of antioxidants continues to rise. The prices for raw materials, energy, transportation, wages as well as those of intermediate and final products all continue to push up the price of antioxidants. However, it should be noted that price increases have been moderated by the shift of antioxidant production to Asia.

Antioxidant market report

In this independent market study by Ceresana Research, the latest data, facts, developments and trends of the antioxidant market are thoroughly analysed and concisely presented. Data concerning the antioxidant market are subdivided by region based on value and quantity. In addition, the report covers legal issues as well as the areas of application for the most important varieties of antioxidants along with their technical characteristics. 90 profiles of the largest antioxidant manufacturers and specialty providers are referenced along with details of their product lines. This worldwide report offers a comprehensive overview of the sector and its markets as well as a detailed forecast of the antioxidant market up to 2016.

Source: Ceresana Research - April 2008 (P)
Website address: https://www.gesundheitsindustrie-bw.de/en/article/press-release/market-report-on-antioxidants-published