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.

𝗚𝗲𝘁 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
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.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝘂𝗱𝘆

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

𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗣𝗿𝗼𝗳𝗶𝗹𝗲𝗱 𝗶𝗻 𝗣𝗵𝗲𝗻𝗮𝗹𝗸𝗮𝗺𝗶𝗻𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁

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.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗚𝗿𝗼𝘄𝘁𝗵 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀

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.

𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗣𝗵𝗲𝗻𝗮𝗹𝗸𝗮𝗺𝗶𝗻𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵

𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻:
Coatings
Marine
Protective
Industrial
Transportation
Pipe
Building & Construction Adhesives

𝗕𝘆 𝗩𝗶𝘀𝗰𝗼𝘀𝗶𝘁𝘆 (𝗰𝗣𝗦) :
0-10,000
10,000-50,000
Above 50,000

𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻 :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

𝗠𝗼𝗿𝗲 𝗩𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗼𝗻 𝗢𝗳𝗳𝗲𝗿

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).

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8546

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This release was published on openPR.