4-TERT-AMYLPHENOL MARKET ANALYSIS

Market Challenges And Opportunities

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.