Press release
Tetraethyl benzene market to see 2.5% CAGR over 2021-2027 | Angene International, LEAPChem, ChemSampCo, AHH Chemical, Sagechem, BOCSCI, Antimex
tetraethyl benzene market
Thriving pharmaceutical industry in North America
Elevating demand for generic drugs in North America along with increasing demand for medicines to treat the elderly population is fostering the regional active pharmaceutical ingredient market. This in turn is impelling the demand for tetraethyl benzene. In addition, increasing focus on the production of chemical and pharmaceutical industries across the U.S. is playing a key role in proliferating the product demand. Growing investments from prominent pharmaceutical ingredients companies are poised to strengthen the business space further.
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Rapidly growing pharmaceutical industry and increasing chemical research initiatives have elevated the adoption of pharma intermediates, downstream products, and chemicals like pyromellitic dianhydride. With significant rise in such applications, tetraethyl benzene market is witnessing an enormous product demand for past several years. Tetraethyl benzene finds important usage in manufacturing various chemicals such as vinylbenzenes, benzene carboxylic acids, etc. which favors its adoption further. This is estimated to provide a major impetus to the global tetraethyl benzene market over the ensuing years.
According to Global Market Insights Inc., tetraethyl benzene market size is projected to surpass USD 530 thousand by 2027.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Angene International
2. LEAPChem Co., Ltd.
3. ChemSampCo, LLC.
4. AHH Chemical Co., Ltd
5. Sagechem Limited
6. BOCSCI Inc.
7. Henan Tianfu Chemical Co., Ltd.
8. Antimex Chemical Limited
Get Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/tetraethyl-benzene-market
However, with the ongoing COVID-19 pandemic, operations and supply chains in pharma and chemical industries as well as several end-use sectors have been affected by the recent lockdowns globally. This is expected to hamper the growth of tetraethyl benzene market to some extent.
The usage of tetraethyl benzene across pharmaceutical intermediate applications will gain remarkable momentum in the next few years owing to their increasing adoption in the production of therapeutics. The compounds are aromatic as they possess a sweet odor and rancid taste. They are colorless solids with a high melting point which makes them apt for use in medicines and drugs. They can also be easily produced and accessed.
To cite the same with an instance, durene or 1,2,4,5-tetramethyl benzene is derived from coal tar and is manufactured through the methylation of compounds such as p-xylene and pseudocumene.
Considering the burgeoning product demand, major players operating in tetraethyl benzene market such as Angene International, LEAPChem Co., Ltd., ChemSampCo, LLC., AHH Chemical Co., Ltd, Sagechem Limited, BOCSCI Inc., Henan Tianfu Chemical Co., Ltd., and Antimex Chemical Limited are primarily focusing on new product development along with mergers and acquisitions. This is anticipated to open new growth avenues for the industry.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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