Press release
Phenalkamine Market Is Expected To Grow At A CAGR Of 4.8% By 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.
๐๐ฒ๐ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
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.
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ณ๐ฟ๐ผ๐บ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐๐๐ฑ๐
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
๐๐ฒ๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ๐ฑ ๐ถ๐ป ๐ฃ๐ต๐ฒ๐ป๐ฎ๐น๐ธ๐ฎ๐บ๐ถ๐ป๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐
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 ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฟ๐ผ๐๐๐ต ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ถ๐ฒ๐
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.
๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐ฃ๐ต๐ฒ๐ป๐ฎ๐น๐ธ๐ฎ๐บ๐ถ๐ป๐ฒ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
๐๐ ๐๐ฝ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป:
Coatings
Marine
Protective
Industrial
Transportation
Pipe
Building & Construction Adhesives
๐๐ ๐ฉ๐ถ๐๐ฐ๐ผ๐๐ถ๐๐ (๐ฐ๐ฃ๐ฆ) :
0-10,000
10,000-50,000
Above 50,000
๐๐ ๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
๐ ๐ผ๐ฟ๐ฒ ๐ฉ๐ฎ๐น๐๐ฎ๐ฏ๐น๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐ ๐ผ๐ป ๐ข๐ณ๐ณ๐ฒ๐ฟ
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).
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8546
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
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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