4-TERT-AMYLPHENOL MARKET ANALYSIS

4-Tert-Amylphenol MarketSize and Trends

The global 4-tert-amylphenol market is expected to surpass US$ 27.9 million by the end of 2028 and exhibit a CAGR of 5.9% during the forecast period (2021 to 2028).

Among regions, the Asia Pacific region accounted for the largest revenue share of 46.8% in the global 4-tert-amylphenol market in 2020 and is expected to maintain its dominance in the near future. The regional market was valued at US$ 13.06 Mn in 2020 and is expected to exhibit a CAGR of 6.90% during the forecast period. The Asia Pacific 4-tert-amylphenol market is followed by North America and Europe region.

Figure 2. Global 4-Tert-Amyl phenol Market Revenue Share (%), By Application, 2020

By application, the global 4-tert-amylphenol market can be segmented into plastic additive, vulcanizing agent, disinfectant, pesticide, emulsifier, and others. The plastic additive application segment held 62.30% of the market share in 2020 and is expected to keep its dominance over the forecast period. 4-tert-amylphenol is the most common polymer additive used as stabilizers, plasticizers, lubricants, and flame retardants. It is added to prolong the useful life of a polymer formulation by protecting it from thermal and light-assisted oxidation.

Market Trends

The growing usage of 4-tert-amylphenol in a wide range of disinfectant applications is expected to boost the market growth. 4-tert-amylphenol is used in the manufacturing of disinfectants and disinfectant cleaner products used in and around hospital, medical and institutional areas, schools, homes, farms, and other areas, where disinfection is required and/or desired.