Press release
2 Phenylphenol Market 2024: Segmentation Trends, Regional Opportunities, and Industry Growth Forecast to 2024-2031 | Tokyo Chemical Industry Co., Ltd., Merck KGaA, SimSon Pharma Limited, Cole-Parmer Instrument Company LLC
2 Phenylphenol Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global 2 Phenylphenol market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global 2-Phenylphenol Market reached US$ 70.6 million in 2023 and is expected to reach US$ 108.1 million by 2031, growing with a CAGR of 5.5% during the forecast period 2024-2031.
What is 2 Phenylphenol Market?
The 2-phenylphenol market involves the production and sale of 2-phenylphenol, a chemical compound used primarily as a biocide and fungicide in various applications, including disinfectants, preservatives, and agricultural products. It is valued for its effectiveness against a wide range of microorganisms and is commonly utilized in personal care products, household cleaners, and industrial applications. The market is driven by increasing demand for effective antimicrobial agents, rising awareness of hygiene and sanitation, and regulatory support for safe chemical use. Additionally, 2-phenylphenol is explored for potential applications in the food industry and medical devices, further enhancing its market growth.
Growth Driver
Technological Advancements and Product Innovations Coupled with Favorable Government Initiatives
Technological advancements and product innovations have significantly contributed to the growth of the 2-phenylphenol market. Ongoing research and development efforts have led to the introduction of advanced manufacturing processes, improving product quality and lowering production costs. For example, the creation of more efficient catalysts and production methods has resulted in higher yields and reduced energy consumption. Additionally, government-funded research programs, such as grants from the National Science Foundation for materials science, have bolstered these advancements, further supporting the market's expansion.
Key Players:
Profiles of some of the major players in the global 2 Phenylphenol market, which include:
Tokyo Chemical Industry Co., Ltd., Merck KGaA, SimSon Pharma Limited, Cole-Parmer Instrument Company, LLC, LANXESS, SANKO Co., Ltd., China Petrochemical Development Corporation, Shandong Xingang Chemical Co., Ltd., Jiangsu Weiming New Materials Co., Ltd. and ATAMAN Kimya A.S.
Industry Development:
On January 17, 2022, BASF SE announced plans to construct a new 2-phenylphenol plant in France, which will increase the company's annual production capacity for 2-phenylphenol to 260,000 metric tons, with production expected to begin in 2024. Additionally, BASF SE revealed plans to expand its polyamide 6.6 production in Freiburg, Germany, starting in 2022.
On May 10, 2023, Asahi Kasei formed a partnership with Microwave Chemical to initiate a demonstration project aimed at manufacturing adipic acid and 2-phenylphenol through the recycling of polyamide 66 using microwave technology.
On January 12, 2022, Ascend Performance Materials, a Chinese materials manufacturer, announced the construction of a new plant for specialty chemicals and 2-phenylphenol in Lianyungang, China. This facility aims to enhance the company's domestic supply capabilities.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global 2 Phenylphenol market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Application: Nylon Synthesis, Lubricants, Coating Intermediate, Adhesives, Biocides, Water Treatment Chemical, Others
By End-User: Textile, Paints & Coatings, Automotive, Petrochemical, Others
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
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➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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