New York, United States , March 02, 2023 (GLOBE NEWSWIRE) -- The Global P-Ethylphenol Market Size to grow from USD 93.0 billion in 2021 to USD 181.31 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period. The demand for P-Ethylphenol is being driven by its expanding range of uses as a chemical intermediate across numerous industries. The pharmaceutical industries' growing interest in using organic chemicals in the production of pharmaceuticals will help drive up demand on the world market. Dye intermediate application anticipated showing moderate growth in the market, owing to the rising demand for textiles & apparel to meet the needs of the growing population worldwide.
Global Economy: Recession Risk Rising Analysis and Russia-Ukraine Conflict War Impact we have added in the final premium report.
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COVID-19 IMPACT & ANALYSIS
The COVID-19 pandemic has made an adverse impact on credit portfolios. There has been an unprecedented rise in unemployment and disruption in economic activity, putting a strain on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market by lowering interest rates and asset purchase programs. Managing and monitoring credit, market, liquidity, and operational risk across financial markets were hard enough with ongoing geopolitical tensions, international trade wars, and the occasional hurricanes and earthquakes. The current pandemic situation has forced chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. COVID-19’s global impact has shown that interconnectedness plays an important role in international cooperation. As a result, many governments started rushing toward identifying, evaluating, and procuring reliable solutions powered by AI.
Browse 48 market data Tables and 53 Figures spread through 220 Pages and in-depth TOC on “Global P-Ethylphenol Market Size, Share, and COVID-19 Impact Analysis, By Type (Type 1, Type 2, Type 3 and Other), By Application (Pharmaceuticals Intermediate, Dyes Intermediates, Chemical Synthesis and Other) and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021 – 2030.” View a detailed Table of Content here.
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The Chemical Synthesis segment to hold a higher CAGR during the forecast period.
Based on the Application, the P-Ethylphenol market is categorized into Pharmaceuticals Intermediates, Dyes Intermediates, Chemical Synthesis and Others. The Chemical Synthesis segment to hold a higher CAGR during the forecast period. Due to rising investments in the chemical industry, the sector's rapid expansion, and the variety of uses for P-ethylphenol as a solvent in the degreasing and cleaning sectors, the chemical synthesis segment is anticipated to dominate the market during the projected period. Increasing product utilization as a natural base compound to derive rubber and packaging sector is anticipated to fuel market size. Moreover, surging demand for epoxy resins, plasticizers, and phenolic antioxidants in construction, electronics, automobile, rubber, and polymer industries will propel product demand.
Asia-Pacific to hold a higher CAGR during the forecast period.
The Global P-Ethylphenol Market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, The Middle East and Africa. North America is estimated to account for the highest market share in 2022. Tools for marketing analytics and current companies that have been firmly established in the market from its inception would make the growth conceivable. Additionally, businesses, organisations, third-party administrators, etc., are focusing on creating customer-centric solutions that will also aid in developing this area. North America region is anticipated to show significant growth of over xx.xx% of CAGR up to 2030 owing to the presence of established pharmaceutical and chemical companies in the U.S. Furthermore, high demand for p-Ethylphenol in antioxidants synthesis for rubber & polymer production should drive the industry growth in North America owing to strong growth in automotive and packaging industries in the region.
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Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Players in the p-Ethylphenol industry include Sigma Aldrich, Thermo Fisher Scientific, TCI Chemicals, Santa Cruz Biotechnology, Clearsynth, Biosynth Carbosynth, ABCR GmbH, AK Scientific, Inc, AA Blocks, Alfa Chemistry, 3B Scientific (Wuhan) Corporation Ltd, Sinfoo Biotech, Oakwood Chemical, Angene International Limited, Matrix Scientific, Win Chemical, Life Chemicals, MuseChem, LGC Standards (part of LGC Group), Anward, Nanjing Datang Chemical Co., Ltd. and M&U International.
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Some of the Key Developments:
In December 2020 - Sigma Aldrich's parent firm, Merck, disclosed a total investment of USD 49.96 million in its U.S. manufacturing sites. The goal of this project is to increase the company's production footprint and market share.
In September 2020- By establishing new laboratories in the United Kingdom, Biosynth Carbosynth increased its capacity for synthesis. With this project, the company hopes to better serve its clients by boosting its ability to create intricate molecules and delicate compounds.
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