The global 4-tert-Amyl phenol market was valued at US$ 18.5 million in 2020, according to the Global 4-Tert-Amylphenol Market Report, by Application (Plastic Additive, Vulcanizing Agent, Disinfectant, Pesticide, Emulsifier, and Others), by End-use (Plastics & Polymer Industry, Rubber Industry, Surface Cleaners, Textile, Agriculture, Oil Drilling, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
The global 4-tert-amylphenol market is expected to surpass US$ 27.9 million by 2028 and exhibit a CAGR of 5.9% during the forecast period (2021-2028).
4-tert-amylphenol is utilized as pesticide in agricultural applications. Constantly increasing population is also propelling the demand for a steady supply of food, which is a major challenge for governments of various economies. To overcome this challenge, government offers subsidiary schemes and easy availability of advanced agricultural equipment at low cost. For instance, in India, the Department of Agriculture, Cooperation and Farmers Welfare started Sub-Mission on Agricultural Mechanization schemes in 2014 to provide subsidiary to farmers on machinery. These factors are expected to drive the agricultural market growth across the globe, which in turn is expected to propel the global 4-tert-amylphenol market growth over the forecast period
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https://www.coherentmarketinsights.com/market-insight/4-tert-amylphenol-market-4898
Browse 50 market data tables* and 40 figures* on “4-tert-Amyl Phenol Market” - Global Forecast to 2028.
Key Trends and Analysis of the 4-tert-Amyl Phenol Market:
- Among regions, Asia Pacific held a market share of 36.6%, in terms of revenue, in 2019 in the global 4-tert-amylphenol market. This growth is attributed to growing rubber and plastic industry in emerging economies such as China and India in this region. According to the India Brand Equity Foundation (IBEF), in India, the natural rubber production increased 23% and reached 690,000 tons during 2016-2017.
Key Takeaways:
- The plastics & polymers industry segment accounted for a market share of 62.3% in 2019 and is expected to increase to 70.4% by 2027, in terms of value. The segment is expected to exhibit significant growth, owing to the rising demand for plastics & polymers from emerging economies. The prices of plastics have been showing a declining trend in the recent past, owing to an unprecedented reduction in the sales of automotive and electronic products during the coronavirus (COVID-19) pandemic. The demand for engineering plastics is expected to rise in the short term, as these materials are extensively used in medical applications, which in turn will fuel the demand for 4-tert-amylphenol in the plastics & polymers industry during the forecast period.
- Major players operating in the global 4-tert-amylphenol market include SI Group, Sasol Limited, Tokyo Chemical Industry Co. Ltd., BOC Sciences, Lanxess AG, DeLong Chemicals America, Penta Manufacturing Company, Henan Coreychem Co., Ltd., Santa Cruz Biotechnology, Inc., Merck KGaA, ACROS Organics (Thermo Fisher Scientific Group), Apollo Scientific Ltd., Spectrum Laboratory Products Inc., Hangzhou Dayangchem Co. Ltd., LGC Ltd., Chemwill Asia Co. Ltd., AK Scientific, Inc., and Alfa Aesar.
Global 4-tert-amylphenol Market - Impact of Coronavirus (COVID 19) Pandemic
The global 4-tert-amylphenol market has been negatively impacted due to the ongoing COVID-19 pandemic. This can be attributed to the imposition of lockdown, travel restrictions, and shutting down of manufacturing facilities. The unavailability of raw materials required for manufacturing of various industrial products had further hampered the demand for 4-tert-amylphenol. However, the restarting of international trade and ease of trade restrictions are expected to generate the demand for 4-tert-amylphenol in the near future. The reopening of manufacturing facilities is also expected to boost the global 4-tert-amylphenol market over the post-pandemic period.
