Alkyl phenol derivatives are looked upon as predecessors to formulating vital industrial compounds like plastics and/or materials related to them. The compound’s chemical nature relates to alcohol due to which the properties of alcohol could be taken to advantage over here. Lower operational cost is the unique selling point of alkyl phenol derivatives. This factor is bound to be the major driver to alkyl phenol derivatives market in the forecast period.
Horizontal Dissection of Alkyl Phenol Derivatives Market
The global alkyl phenol derivatives market, by type of product, spans PTBP (Para-tert-butyl phenol), 2,4 DTBP (2,4-di-tert-butyl phenol), 2,6 DTBP (2,6-di-tert-butyl phenol), and POP (Para-octylphenol). Application-wise, it’s polycarbonate resins, phenolic resins, UV stabilizers, surfactants, antioxidants, flavors and fragrances, chemical intermediates, and likewise. End-use-wise, it’s paints & coatings, adhesives, perfumes, lubricants and oil, rubber & plastic, dyes & inks, and food & beverages. Persistence Market Research has come up with these details with the strategic call to action in its market study entitled “Alkyl Phenol Derivatives Market”.
Analysis as per Region
North America holds the largest market share with the US holding an incremental opportunity. Europe is going steady with respect to alkyl phenol derivatives market. However, in future, the Asia-Pacific needs to be watched out for. This could be attributed to the countries like Thailand, Japan, India, and China being the flag bearers. Persistence Market Research has scaled through these findings along with the insights in its latest market study entitled “Alkyl Phenol Derivatives Market”.
How about being Competitive?
Persistence Market Research has profiled the key players in alkyl phenol derivatives market as DIC Corporation, SI Group, TASCO Group, Sasol Ltd., United Chemical Products Ltd., Maruzen Petrochemical Co., Ltd., FabriChem (NutriScience Innovations, LLC), HELM AG, Jiyi Group, SONGWON Industrial Group, Qingdao Scienoc Chemical Co., Ltd., Red Wvenue New Material Group Co., Ltd., Prasol Chemicals Pvt. Ltd., Vinati Organics Limited, Novokuibyshevsk Petrochemical Company, Afton Chemical Corporation, Dayang Chem (Hangzhou) Co., Ltd., Nanjing Datang Chemical Co., Ltd., Naiknavare Chemicals Ltd., Balmer Lawrie Ltd., and Viral Organics (India) Ltd.
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Persistence Market Research has further stated that Songwon Industrial Co. Ltd., in 2020, did ink a distribution agreement with A.S. Paterson Company Ltd. for supporting growth of performance chemicals all across Canada. Going a bit backwards, it has mentioned that BASF, in July 2018, did announce expansion of its manufacturing capacity for IRGANOX 1010 for addressing the growing market pertaining to the Asia-Pacific.
With the paints and coatings industry growing at a rapid pace, the demand for alkyl phenol derivatives will continue to accelerate between 2021 and 2031 – Persistence Market Research.