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Phenalkamine Market Is Expected To Grow At A CAGR Of 4.8% By 2033

10-17-2023 01:46 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Phenalkamine Market Is Expected To Grow At A CAGR Of 4.8% By 2033

The global phenalkamine market is set to reach a valuation of US$ 699.2 million in 2023 and is expected to grow at a CAGR of 4.8% during the forecast period of 2023-2033.

Rising demand for marine transportation is likely to have a positive impact on the phenalkamine market. Phenalkamines are widely used in marine coating manufacturing. It is used to protect ships, vessels, tankers, and other materials from the saline atmosphere. It provides superior long-term protection to surfaces it is applied. This is anticipated to boost the demand for phenalkamine in the coming years.

๐—š๐—ฒ๐˜ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐—ง๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8546

Also, the growing construction sector across developed as well as developing countries are expected to lift the phenalkamine market. Phenalkamines are widely used in construction coatings that help to protect surfaces from various external environmental elements such as UV rays, sunlight, dust, and acid rain.

Hence, increasing investment in the construction and infrastructure sector creates a positive environment for the growth of the phenalkamine market. Governments across multiple countries are spending over 5% of their gross domestic products on the construction sector.

๐—ž๐—ฒ๐˜† ๐—ง๐—ฎ๐—ธ๐—ฒ๐—ฎ๐˜„๐—ฎ๐˜†๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐˜๐˜‚๐—ฑ๐˜†

The global phenalkamine market is projected to grow at 4.8% CAGR and reach US$ 1,117.4 million by 2033

The market witnessed a 3.7% CAGR between 2018 to 2022

U.S. is expected to grow at a CAGR of 4.9% between 2023-2033

Europe phenalkamine market is estimated to grow at a CAGR of 4.7% during the forecast period

China's phenalkamine market is set to grow at a CAGR of 5.3% during the forecast period

Aditya Birla Group, Huntsman Corporation, DIC Corporation, and Cardolite Corporation are some of the leading players in the phenalkamine market

๐—ž๐—ฒ๐˜† ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€ ๐—ฃ๐—ฟ๐—ผ๐—ณ๐—ถ๐—น๐—ฒ๐—ฑ ๐—ถ๐—ป ๐—ฃ๐—ต๐—ฒ๐—ป๐—ฎ๐—น๐—ธ๐—ฎ๐—บ๐—ถ๐—ป๐—ฒ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜

Aditya Birla Group
Huntmans Corporation
DIC Corporation
Cardolite Corporation
Kudo Chemicals
K2P Chemicals
Vijai Poly Products Pvt.
Admark Polycoast
Ark Golden India

Some of the leading players in the phenalkamine market are focusing on investing in research and development activities for developing newer technologies and processes to meet the ever-changing industry. Market players are also looking for increasing their product portfolio for use in various end-use applications. Some of the market players are focusing on increasing their global presence.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐—ถ๐—ฒ๐˜€

Manufacturers in the phenalkamine market are focusing on increasing their production capacity to meet the growing demand for coatings from various end-use applications. Manufacturers are also looking to invest in research and development activities for identifying new end-uses of phenalkamine and improving product performance.

Manufacturers are also looking to increase their global presence, especially in the Asia Pacific region where demand for coatings is increasing from the construction as well as the marine industry.

๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐—ฃ๐—ต๐—ฒ๐—ป๐—ฎ๐—น๐—ธ๐—ฎ๐—บ๐—ถ๐—ป๐—ฒ ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต

๐—•๐˜† ๐—”๐—ฝ๐—ฝ๐—น๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป:
Coatings
Marine
Protective
Industrial
Transportation
Pipe
Building & Construction Adhesives

๐—•๐˜† ๐—ฉ๐—ถ๐˜€๐—ฐ๐—ผ๐˜€๐—ถ๐˜๐˜† (๐—ฐ๐—ฃ๐—ฆ) :
0-10,000
10,000-50,000
Above 50,000

๐—•๐˜† ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

๐— ๐—ผ๐—ฟ๐—ฒ ๐—ฉ๐—ฎ๐—น๐˜‚๐—ฎ๐—ฏ๐—น๐—ฒ ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€ ๐—ผ๐—ป ๐—ข๐—ณ๐—ณ๐—ฒ๐—ฟ

Fact.MR, in its new offering, presents an unbiased analysis of the phenalkamine market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of application (coatings (marine, protective, industrial, transportation, pipe), building & construction adhesives), viscosity (cPS) (0-10,000, 10,000-50,000, and above 50,000), and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, and Oceania, Middle East & Africa).

๐—š๐—ฒ๐˜ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ฝ๐—ฒ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฆ๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8546

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E Mail : sales@factmr.com

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

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