Persistence Market Research
Aminic Antioxidants Market: Introduction
An antioxidant is a substance which when present in very low concentration with respect to the oxidizing substance significantly inhibits oxidation of other molecules or the substrate. Antioxidants are of various types, such as aminic antioxidants, phenolic antioxidants, thioester antioxidants, etc. Aminic antioxidants are defined as antioxidants which contain the amine group in them.
Within the food industry, aminic antioxidants are used in food blends where they prevent rancidity in edible oils and other food preparations as well as increase their shelf life. In comparison to phenolic antioxidants, aminic antioxidants react fast with peroxy radicals. Aminic antioxidants are also used in the rubber and plastic industries. Thus, due to the wide applications of aminic antioxidants, the demand for them is expected to surge during the forecast period at a healthy rate.
Aminic Antioxidants Market: Dynamics
Aminic antioxidants are widely used in polar base oils, which include brake fluids or synthetic esters and polyglycols, etc. The superior oxidation inhibiting properties of aminic antioxidants, in comparison to other antioxidants, and less sludge formation at low treat level allows aminic antioxidants to be useful in polar base oils. That apart, aminic antioxidants can increase the lifetime of lubricants. Thus, due to the above stated properties and various advantages of aminic antioxidants, the demand for aminic antioxidants is expected to grow and positively affect the market revenue of key market participants operating in the market.
The aminic antioxidants market is expected to be consolidated by key market participants and aminic antioxidants are expected to be sold majorly through distributors, mainly due to the intense presence of aminic antioxidants distributors in all regions, especially in Asia Pacific. Some of the key distributors operating in the aminic antioxidants market are Kk India Petroleum Specialities Pvt. Ltd.; KRAHN CHEMIE, which is a distributor of aminic antioxidants manufactured by Laxness, Brentag and TRiiSO, etc. In terms of region, the Asia Pacific is expected to hold the major share in terms of demand for aminic antioxidants during the forecast period.
However, growth in aminic antioxidants’ raw material prices is expected to act as an obstacle to the growth of the aminic antioxidants market during the forecast period. For instance, in 2017, Songwon and Addivant announced increase in the prices of antioxidants, both aminic and phenolic antioxidants, by 15%- 20% and 10%- 15%, respectively, due to the sharp increase in raw material prices.
Aminic Antioxidants Market: Segmentation
By product type, the Aminic Antioxidants market can be segmented as:
By product form, the Aminic Antioxidants market can be segmented as:
By application, the Aminic Antioxidants market can be segmented as:
Aminic Antioxidants Market: Regional Outlook
North America and Europe are expected to witness surge in demand for aminic antioxidants during the forecast period, primarily due to the expanding fleet size of automotive on roads, which is leading to increase in sales of engine oils, which in turn, is propelling the demand for aminic antioxidants in the market.
Asia Pacific region is expected to hold significant share in the global aminic antioxidants market attributing due to growing awareness about proper maintenance of vehicles, which in turn, is leading to growth in the sales of engines oils and thus, propelling the aminic antioxidants market in the region.
The Latin America and Middle East & Africa (MEA) region is expected to witness steady growth in terms of consumption of aminic antioxidants during the forecast period.
Aminic Antioxidants Market: Key Participants
Examples of some of the key participants operating across the value chain of the global aminic antioxidants market are:
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