Polyether_Polyether Polyol News The global antioxidant market is shifting eastward, and my country’s market will maintain growth

The global antioxidant market is shifting eastward, and my country’s market will maintain growth

The global antioxidant market is shifting eastward and my country's market will maintain growth

Antioxidants refer to organic compounds that can inhibit or delay the thermal oxidation of polymers and other organic compounds in the air. Antioxidants have the functions of scavenging free radicals, scavenging oxygen, inhibiting oxidase activity, and delaying food oxidation. Their downstream applications involve food additives, cosmetics, feed, plastics, petroleum fuels, rubber and other fields. In recent years, with the continuous release of market demand, the scale of the antioxidant industry has continued to expand.

According to the ““Research Report on the Development Prospects and Investment Strategic Planning of the Antioxidant Industry during the 14th Five-Year Plan” released by the Industrial Research Center, in 2021 -In 2025, global antioxidant consumption will maintain a compound annual growth rate of 3.6%, and India is expected to become the region with the fastest expected growth in antioxidant consumption. At this stage, my country is the world’s largest consumer of antioxidants. Thanks to the release of demand in downstream fields such as feed, food, and rubber, it is expected that my country will remain the world’s largest consumer of antioxidants.

Due to the eastward migration of manufacturing companies and customer groups, Asia has become the largest producer of antioxidants in the world. Antioxidants in the Asia-Pacific region account for more than 50% of global production. Antioxidant production in the Asia-Pacific region is mainly concentrated in countries such as China, India, Japan, and South Korea. Since the antioxidant market in Asia is in a state of overcapacity, a large amount of production capacity is exported to North America, Europe and other regions.

From the perspective of market competition, the number of global antioxidant manufacturers is small and the market concentration is high. In the international market, the largest antioxidant suppliers include BASF, Addivant, SI Group and other companies. In the domestic market, the scale is Larger antioxidant suppliers include Linyi Sanfeng, Tianjin Li’anlong, Baifu Chemical, BASF Gaoqiao, Beijing Jiyi, Yingkou Fengguang, Jinhai Albemarle, etc. In recent years, under the background of increasingly strict environmental protection supervision and diversified market demand, the antioxidant industry has gradually upgraded to high-end, green, safe and low-cost directions.

There are many types of antioxidant products, and subdivided products include free radical absorbers, oxygen scavengers, and metal ion chelators. In global antioxidant consumption, amine compounds accounted for the highest proportion in 2020, accounting for approximately 58% of antioxidant consumption, followed by hindered phenols, and the third was phosphites. my country’s antioxidant product categories are relatively single, among which hindered phenols and phosphites account for up to 95% of the total production capacity.

Industry analysts said that the global antioxidant market is in a continuous growth trend, and the focus of production, consumption, and demand are all shifting eastward. trend. There are many types of antioxidant products and a wide range of downstream applications. In recent years, thanks to the continuous development of my country’s economy, my country has gradually become a major producer and consumer of antioxidants in the world. Under the trend of global antioxidants moving eastward, my country’s antioxidant market will still be Maintain growth momentum.

This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.polyether-factory.com/archives/7727

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