Drivers
Growing demand for infrastructure in various regions of the world, owing to increasing population, urbanization, and retail and hospitality sectors is expected to drive the global 4-tert-amylphenol market growth over the forecast period. For instance, in 2015, Global Construction Perspectives and Oxford Economics stated that the global construction market is expected to grow by US$ 8 trillion at an annual rate of 3.9% by 2030, reaching a total size of US$ 17.5 trillion by 2030. Thus, the rapidly expanding construction industry is expected to boost the demand for paints & coatings, rubbers, and plastics, which in turn, is expected to boost the demand for 4-tert-amylphenol.
Market Restraints
Stringent regulations imposed by various governing bodies are a major factor hampering the global 4-tert-amylphenol market growth. For instance, in December 2018, the U.S. Environmental Protection Agency (EPA) issued a Data Call-In (DCI) for the active ingredient para-tertiary amyl phenol (PTAP) manufacturers to support the continued use of 4-tert-amylphenol in disinfectants. The EPA regulated the use of PTAP or 4-tert-amylphenol in disinfectants and asked the U.S. manufacturers and suppliers to stop manufacturing & selling PTAP-based disinfectant products.
4-Tert-Amylphenol Market Report Snapshots
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients