4 tert amylphenol market

Q: What was the market size in 2020?

The market was valued at US$ 18.5 million in 2020. Read more

4-Tert-Amylphenol Market, 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) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

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Feb 2022
CMI4898
140 Pages
Excel & Pdf
Specialty and Fine Chemicals

Summary

4-tert-Amyl phenol or para-tertiary Amyl phenol (PTAP) is used in the manufacturing of phenolic resins which are then utilized in paints, coatings, varnishes, and printing ink resins. 4-tert-Amylphenol is used as a germicide and fumigant; intermediate for organic mercury germicides, pesticides, and chemicals used in the rubber and petroleum industries.

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).

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.

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 1. Global 4-Tert-Amyl Phenol Market Revenue Share (%), By Region, 2020

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.

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.

4-Tert-Amyl Phenol Market Report Coverage

Report Coverage	Details
Base Year:	2020	Market Size in 2020:	US$ 18.5 Mn
Historical Data for:	2017 – 2019	Forecast Period:	2021 to 2028
Forecast Period 2021 to 2028 CAGR:	5.9%	2028 Value Projection:	US$ 27.9 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe Asia Pacific: China, India, Japan, ASEAN, South Korea, Australia, and Rest of Asia Pacific Middle East & Africa: Middle East and Africa
Segments covered:	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
Companies covered:	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.
Growth Drivers:	The rapid growth of end-use industries utilizing 4-tert-amylphenol Increasing demand for 4-tert-amylphenol for a wide range of disinfectant applications
Restraints & Challenges:	Stringent regulations and less awareness about 4-tert-amylphenol

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.

Global 4-Tert-Amyl Phenol Market - Impact of Coronavirus (COVID-19) Pandemic

The global 4-tert-Amyl Phenol market is impacted due to the ongoing COVID-19 pandemic. Several governments across the globe have imposed nationwide lockdowns to limit the spread of the virus, which resulted in the shutting down of businesses and ceasing of several economic activities. According to the International Monetary Fund’s 2020 report, the global economy contracted sharply by 3.0% in 2020, which is worse than the 2008-09 financial crisis. Moreover, the supply chain disruption has indirectly led to low demand for 4-tert-amylphenol.

Competitive Section

Key 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.

Table of Content

* Browse 50 market data tables* and 40 figures* on " 4-Tert-Amylphenol Market” – Global Forecast to 2028.

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What will be the global 4-tert-amylphenol market size in 2028?

The global 4-tert-amylphenol market is expected to surpass US$ 27.9 million by 2028 and is expected to exhibit a CAGR of 5.9% between 2021 and 2028.

What are the major factors that are expected to drive the market growth during the forecast period?

Growing demand for plastic products is expected to boost the market growth.

What are the trends in the market?

The development of 4-Tert-Amylphenol with improved properties

What are the key factors hampering the market growth?

Less awareness about 4-tert-amylphenol and stringent regulations are expected to be restraining factors for the market.

Which are the key players in the market?

Major players operating in the 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.

What was the market size in 2020?

The market was valued at US$ 18.5 million in 2020.