Press release
Alkyl Phenol Derivatives Market is is estimated to Reach US$ 687.6 Mn by the end of 2033
Alkyl Phenol Derivatives Market
The global alkyl phenol derivatives market is estimated to be valued at over US$ 492.2 Mn as of 2023 and it is expected to Reach US$ 687.6 Mn by the end of 2033. Consumption of alkyl phenol derivatives is projected to increase at 3.4 % CAGR during the period of 2023 and 2033 on a volume basis.
Demand for alkyl phenol derivatives is expected to remain prominent from rubber and plastic, lubricant & oil, paint & coating, and adhesive industries. Phenolic resins are also expected to bolster consumption of alkyl phenol derivatives over the coming years. The East Asia region is anticipated to remain the key manufacturer and exporter of alkyl phenol derivatives as compared to others. This is due to the strong presence of various manufacturers, especially in China
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Key Takeaways from Market Study
• The global alkyl phenol derivatives market is anticipated to reach a value of US$ 640 Mn by 3021.
• Rubber and plastic segment is expected to remain a key end use of alkyl phenol derivatives.
• East Asia is expected to hold a prominent share in the global consumption of alkyl phenol derivatives. The region is estimated to hold around 35.8% market share.
• By application, antioxidants are anticipated to witness substantial growth of around 3.5%.
• Pata-tert-butyl phenol is expected to remain a key product type. Global consumption of pata-tert-butyl phenol is expected to increase significantly for the production of phenolic resins.
"Key market players are focusing on expansion of their alkyl phenol derivatives business and increase their market footprint across the globe," says a Persistence Market Research analyst.
As alkyl phenol derivatives can be used in the manufacturing of antioxidants, UV stabilizers, chemical intermediates and several resins, the product finds application across various industries, which is fueling its sales volume.
Market players are involved in capacity expansion and acquisition & JV agreements to enhance their presence in this space.
• On 23 March 2021, SI Group announced Tackifier capacity expansion in France.
• In Sept 2020, SI Group announced Tackifier capacity expansion in China.
• In 2019, DIC Corporation acquired BASF Colors & Effect, which was BASF's subsidiary for the pigment sector.
• In 2020, Songwon Industrial Co. Ltd. entered into a distribution agreement with A. S. Paterson Company Ltd. in order to support the growth of performance chemicals across Canada.
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Key Companies-
• DIC Corporation
• SI Group
• TASCO Group
• Sasol Limited
• United Chemical Products Ltd.
• Maruzen Petrochemical Co., Ltd.
• FabriChem (NutriScience Innovations, LLC)
• HELM AG
• Jiyi Group
• SONGWON Industrial Group
• Qingdao Scienoc Chemical Co., Ltd.
• Red Avenue New Material Group Co., Ltd.
• Prasol Chemicals Pvt. Ltd.
• Vinati Organics Limited
• Novokuibyshevsk Petrochemical Company
• Afton Chemical Corporation
• Dayang Chem (Hangzhou) Co., Ltd.
• Nanjing Datang Chemical Co., Ltd.
• Naiknavare Chemicals Limited
• Balmer Lawrie Ltd.
• Viral Organics (India) Limited and more
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Key Segments Covered in Alkyl phenol derivatives Market Research
By Product Type
• Para-tert-butyl-phenol (PTBP)
• 2,4-di-tert-butyl-phenol (2,4 DTBP)
• 2,6-di-tert-butyl-phenol (2,6 DTBP)
• Para-octyl phenol (POP)
By Application
• Phenolic Resins
• Polycarbonate Resins
• UV Stabilizers
• Surfactants
• Antioxidants
• Flavors and Fragrances
• Chemical Intermediates
• Others
By End-Use
• Alkyl Phenol Derivatives for Paints & Coatings
• Alkyl Phenol Derivatives for Adhesives
• Alkyl Phenol Derivatives for Perfumes
• Alkyl Phenol Derivatives for Lubricants and Oil
• Alkyl Phenol Derivatives for Rubber & Plastic
• Alkyl Phenol Derivatives for Dyes & Inks
• Alkyl Phenol Derivatives for Food & Beverages
• Others
By Region
• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa
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About PMR - Chemicals and Materials
The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.
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