Antioxidant TH-CPL (Trihydroxy-Chloropropyl Lactone) is a specialized chemical used in the production of polymers and elastomers. It is primarily employed in the rubber, plastic, and latex industries for its ability to increase material resistance to oxidation, heat, and light.
MARKET SIZE (2024):
APPROXIMATELY USD 4.5 BILLION PROJECTED MARKET SIZE (2032): AROUND USD 45.6 MILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 6.1% DURING THE FORECAST PERIOD.
By Type
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By Application
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
Moderate growth from expanding industrial and petrochemical sectors.
Steady growth with strong industrial and sustainability focus.
Growth supported by strict environmental regulations.
Largest and fastest-growing market, driven by automotive and construction demand.
