Specialty Oxidants Market Share, Latest Trends, Top Companies, Regional Analysis and Demand Forecast to 2030

Antioxidants are often known to be in use as healthy preservatives in the food and beverage industry. The Specialty Oxidants Market is expected to show a global market value of $7, 376.4 million by the end of its forecast period. The forecast period of the market is predicted from 2020 to 2030. With a constant and substantial growth rate of 6.5% of CAGR, the market is predicted with a healthy growth rate in its forecast period owing to the market drivers.

Majorly used in the pharmaceutical industry, the Specialty Oxidants Market is witnessing prominent growth in the global market. This is due to the health awareness among the people. The antioxidants-based products are easily available at low costs and are hence approved by the regulatory authorities. These antioxidants come with various natural products that involve rosemary extract. They are beneficial for regulating your body mechanism. The content of the composition provides a longer shelf life and prevents any signs of premature aging. This has shifted the industry’s focus toward a potential opportunity for market growth and development. Thus, the market players have been investing a substantial amount in the market dynamics. Factors like such have driven the market. There have been factors. However, that has restrained the growth and development of the same.

Few of the agents used in the antioxidants, like Hydrogen peroxide, can be strong oxidizing agents. It is found to be corrosive and extremely harmful to the eyes and skin and, in extreme cases, causes respiratory problems. This has majorly pushed the potential consumers towards reduced use of the same, which has restrained the Specialty Oxidants Market. Apart from this, the market also faced secondary challenges like decreased consumer consumption. The market also stood at $3 437 million in 2020.

Despite all the restraining factors, the market is expected to show substantial and healthy growth in its market period.

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Market Segmentation

The Specialty Oxidants Market is divided into type, application and end-use industries.

The market is first of all divided into hydrogen peroxide and sodium chlorate based on their type. Based on its application again, the market is divided into cleaning, extraction, propulsion and defoliant and bleaching. The market is broadly categorized into wastewater treatment, pulp and paper industry, healthcare and personal care and textile industry.

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Regional Analysis

Among prominent places like India, China, Japan and South Korea in the Asia-Pacific regions, the Specialty Oxidants Market is geographically spread over major parts globally. This also includes places like Chicago in North America and Saudi Arabia, and Australia, along with Latin America. The market also has its dominance over parts of South Africa.

Competitive Intensity Within The Industry

According to the Specialty Oxidants Market Forecast, the specialty oxidants market is highly competitive with the presence of several international and local markets globally. Product diversification, revenue generation, and opportunities intensify the market competition. Lanxess, BASF, Nouryon, Solvay, Aditya Birla Chemicals, Arkema Group, Mitsubishi Gas Chemical Company, Evonik, Gujarat Alkalies and Chemicals Ltd, and Kemira are the leading market players with significant market share. The companies are entering into collaborations, acquisitions, mergers, and licensing for increasing their market puncturing to develop advanced technology reactors.

Recent Developments

Several key players have been functioning in the market dynamics of the Specialty Oxidants Market to form potential collaborations and product launches. There were many developments in the recent time period. Some of which were:

• In 2021: One of the Gujarat market firms, Alkalies and Chemical Ltd., collaborated with another leading firm GAIL. This collaboration targeted using broken rice as feedstock, and the firm will further give employment to laborers around the world.

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