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4-Octylphenol Market is Expected to Grow at a CAGR of 4.84% by 2030 | ChemAnalyst

09-13-2021 06:56 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: ChemAnalyst

4-Octylphenol Market is Expected to Grow at a CAGR of 4.84% by 2030

According to ChemAnalyst report, “4-Octylphenol Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, 4- Octylphenol market has shown significant growth in 2020 as it reached 435 thousand Tonnes in 2020 and is projected to achieve a healthy global CAGR of 4.84% during the forecast period until 2030. Growing demand of 4-Octylphenol to produce Formaldehyde/Phenol resins for various end-use applications including surfactants, pesticides, detergents, additives, chemical intermediates and others is likely to drive the 4-Octylphenol market globally in the forecast period until 2030.

4-Octylphenol (C14H22O) also known as p-tert-Octylphenol comes under a class of phenols, substituted at the para- position by an Octyl group. Octylphenols basically represents a large number of isomeric compounds, which belong to the family of high purity alkylphenols. They are widely used as an intermediate in the production of phenol/formaldehyde resins as well as in the manufacturing of octylphenol ethoxylates. These chemicals are further used in the production of rubber, pesticides, paints etc. 4-Octylphenol is manufactured from phenol and diisobutylene using DIC's proprietary techniques. It plays a huge role as a xenoestrogen, a surfactant and a metabolite.

Read Full Report Here: https://www.chemanalyst.com/industry-report/4-octylphenol-market-626

The demand of Octylphenols from various key end-user industries including plastics and rubber additive, lubricant and motor oil, resin and paint, surfactants and others is likely to boost the global 4-Octylphenol market in upcoming years. 4- Octylphenols are extensively used in various commercial and industrial applications including raw material for synthetic chemicals, chemical intermediate to UV stabilizers, food packaging, paper plates, cutlery, oil phenolic resins, surfactants, pesticides, products for children (e.g., Toys, children's cosmetics) and many others. They also find its applications in the manufacturing of detergents, dispersants, emulsifiers, wetting agents, foaming agents, cleaning agents, etc. Many industries use 4-Octylphenols as additives and adhesives in the production of rubbers, lubricating oils, films, or molding materials in order to improve the stability and increase the shelf life.

4- Octylphenol Market is segmented based type, application, sales channel and region. On the basis application, the 4- Octylphenol market is segregated into Resins, Surfactants, Chemical Intermediates, Pesticides, and others. Among which, the resins segment dominates the 4-Octyphenol market and is forecasted to maintain its dominance until 2030 owing to its increasing demand by rubber industry. Based on type, the 4-Octylphenol market is segmented into 99% purity and 99.5% purity. Strengthening of the Research and Development department by the key players in order to introduce new and improved 4- Octylphenols for various applications will attribute to the market growth of 4- Octylphenol in the next ten years. Accumulation of 4- Octylphenol in the water can disturb the marine life and hinder the growth of the global market.

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Due to the outbreak of COVID-19, in 2020, major global economies including India and China, caused nationwide lockdowns, in order to stop the spread of coronavirus, due to which several industries were negatively affected. Many industries temporary halted their operations, keeping the health of their labours in mind, which led to a decline in the production and supply chain of 4-Octylphenol across the globe. Domestic rubber industry witnessed a significant economic downturn due to the interruptions in the supply of raw materials. during the covid times However, there was a surge in the of demand of 4-Octylphenol by the surfactants industry due to high demand of disinfectants and detergents during the first half of 2020. With the gradual reopening of the market, the demand of Alkyphenols and Octylphenols is likely to boost the global market in the future.

Region wise, the Asia Pacific region is expected to dominate the 4-Octylphenol market in the forecast period until 2030. The presence of largest industrial cleaning chemicals market in emerging countries like China, India and others will drive its dominance in the Asia Pacific region. China is the largest consumer of 4-Octylphenol, owing to a large number of manufacturers of various end-uses, further accelerating the market growth of 4-Octylphenol across the globe.

According to ChemAnalyst report, 4- Octylphenol Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating in 4- Octylphenol market include SI Group, Sasol, DIC Corporation, ICC Industries B.V, Leap Chem Co. Ltd., Skyrun Industrial Co. Ltd, Prasol Chemicals Pvt. Ltd., PCC Group, Hexian GmbH, India Glycols, Dyna Glycols Pvt., Ltd., and Others.

“Rapidly growing demand of Octylphenols from various end-use industries including plastics and rubber additive, lubricant and motor oil, resin and paint, and others is likely to boost the global market of 4- Octylphenol over the next ten years. Versatile properties of 4- Octylphenol makes it an ideal raw material for the manufacturing of various chemicals, surfactants, phenolic resins, pesticides, etc., which can attract producers to expand their investments in the 4- Octylphenol market. Growing demand of 4- Octylphenol by the rubber industry as an additive as it provides the stability and shelf life, is expected to augment the market growth of 4-Octylphenol in upcoming years. Rising demand of Phenolic resins for a wide range of applications such as electrical and domestic appliances etc., will accelerate the global 4- Octylphenol market until 2030.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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ChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry. ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst is promoted by TechSci Research which is an award winning research based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more.

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