Global Amine Antioxidant Market Expected to Reach USD 2,542.7 Million by 2031

According to a recent market study published by Growth Market Reports, titled, Global Amine Antioxidant Market, by Type (N-(1,3-Dimethylbutyl)-N′-phenyl-p- phenylenediamine (6PPD); 4,4'-Bis(alpha, alpha-dimethylbenzyl) diphenylamine; N-Isopropyl-N'-phenyl-1,4-phenylenediamine (IPPD); Diphenylamine; 2,2,4-Trimethyl-1,2-dihydroquinoline (TMQ RD); and Others), By Form (Solid and Liquid), By Application (Rubber Compounds, Hot Melt Adhesives, Polyurethane Flexible Foam, Lubricants, and Others), By Distribution Channel (Manufacturers (Direct Sales), and Wholesalers/Distributors), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa (MEA)): Size, Share, Trends and Opportunity Analysis, 2016-2031, the market was valued at USD 1,587.1 Million in 2022 and is projected to expand at a growth rate of 5.6% by 2031.

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As per Growth Market Reports industry analyst, Swati Muthe, the global amine antioxidant market is anticipated to register significant growth during the forecast period, 2023-2031. Amine antioxidants are employed in rubber goods to protect against oxidation, ozone, and UV radiation. They aid in the prevention of the formation of free radicals, which degrade rubber goods when they react with oxygen or other ambient variables. For example, amine antioxidant retard oxidation in the oil by reacting with and stabilizing radicals produced in the lubricant.

Amine antioxidants have a wide range of uses, including rubber processing, plastic processing, food & feed additives, and adhesives. These additives have been widely used for a range of benefits, including reducing wear & tear on equipment components throughout the production process and boosting quality by preventing oxidation in fuels.

Amine antioxidants are chemical compounds that are used to prevent the oxidation of various materials by inhibiting the formation of free radicals. These antioxidants are primarily used in the manufacturing of polymers, rubber, plastics, lubricants, and others.

Primary and secondary research methodology is used for keen observation and study of the amine antioxidant market. The primary research methodology involves municipal agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to be updated with the latest market trends & developments. Validation of the estimated market size, and current & future trends are done by the key opinion leaders (KOLs). These KOLs are the CXO level people from key companies in the industry and possess experience of around 10-20 years in the industry. The secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned to understand the competitive scenario, details & developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain as well as validate the market estimations, budget, expenditure, and other statistical insights.

The outbreak of coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting the focus to the online supply of consumer electronic gadgets and automotive components and creating manufacturing issues.

In January 2020, the WHO labeled the COVID-19 outbreak as a public health emergency of global concern and proclaimed it as a global pandemic in March 2020. The COVID-19 outbreak is a public health emergency that affected almost every industry. The long-term effects of the pandemic are expected to affect the growth of various industries during the forecast period, especially across Eastern Europe, European Union, the US, and Eastern & Central Asia.

As of December 24, 2023, this pandemic had infected over 773,119,173 people, and over 6,990,067 people died from the disease. COVID-19 cases have been registered in more than 231 countries and territories. Many countries are economically weak, while others have poor healthcare systems that affect the economy and life of people.

Key Takeaways from the Study:

• Key players in the market include BASF SE, Mayzo, Inc, Performance Additives, SI Group, Inc, SONGWON, R.T. Vanderbilt Holding Company, Inc, TCI, Go Yen Chemical Industrial Co., Ltd, Jiangsu Feiya Chemical Corporation Co.,Ltd., Sunshield chemicals Ltd.

• The N-(1,3-Dimethylbutyl)-N′-phenyl-p- phenylenediamine (6PPD) sis a direct base amine that is found in coal tar or petroleum. It has been used to make numerous phenolic compounds and dyes for clothes, paper, plastics, elastic fibers, and synthetic rubber.

• The liquid segment held a significant market share in 2022. Amine antioxidant additives are used for lubrication and continuous oil consumption in engines and gearboxes. The oil taints, deteriorates, or seeps out without additives, failing to safeguard engine parts. Consumption of amine antioxidants is expected to increase as a result of the rising demand for lubricants. liquid amine antioxidants are additives that increase the oxidative resistance of the base oil to extend the life of a lubricant. It enables lubricants to perform at high temperatures.

• The rubber compounds segment held a significant market share in 2022. Amine antioxidants are employed in rubber goods to protect against oxidation, UV radiation, and ozone. They aid in the prevention of the formation of free radicals, which degrade rubber goods when they react with oxygen or other ambient variables. Amino antioxidants are used in adhesives to encourage heat stability as well as oxidative and hydrolytic resistance. Characteristics of these materials contribute to the adhesive remaining flexible as long as achievable during application.

• The manufacturers (direct sales) segment held a significant market share in 2022. The direct distribution channel of amine antioxidants does not make use of any intermediaries. The manufacturer sells directly to the end consumers. Manufacturers employ direct distribution to gain client trust and create a brand image. A substantial number of amine antioxidants are delivered through distributors, as they are utilized in rubber compounds, hot melt adhesives, polyurethane flexible foam, lubricants, and other products.

• North America is expected to hold a significant market share in the global amine antioxidants market, owing to high consumption levels and the presence of a large number of international companies. North America is expected to be one of the leading markets for amine antioxidants over the projected period. Rising demand from rubber processing, plastic processing, food & feed additives, adhesives, gasoline & lubricants, and other industries boost the market in the region.

Report Scope:

Target Audience:

• Supply-side: Raw material suppliers and Manufacturers

• Demand Side: Amine antioxidant manufacturing companies

• Regulatory Side: Concerned government authorities and other regulatory bodies