The Global Antioxidant SP (CAS No. 61788-44-1) market is defined by the growing demand for a chemical compound used to inhibit oxidation processes in various industries. This antioxidant plays a vital role in enhancing the longevity and performance of materials exposed to oxidative stress.
MARKET SIZE (2024):
APPROXIMATELY US$ 23.9 MILLION PROJECTED MARKET SIZE (2032): US$ 36.4 MILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 6.1% DURING THE FORECAST PERIOD.
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
Emerging markets with potential, but growth limited by economic and regulatory factors.
Strong growth, especially in the U.S., due to demand in manufacturing and aerospace.
Stable market with strict regulations supporting antioxidant use.
Largest market (~44%), driven by industrial growth in China and India.
