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Global P-Ethylphenol Market Size by Application (Pharmaceuticals Intermediate, Dyes Intermediates, Chemical Synthesis), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

  • Report ID: GMI4888
  • Base Year: 2019
  • Report Format: PDF

Industry Trends

Global P-Ethylphenol Market size was over USD 90 million in 2019 and is estimated to grow at over 6% CAGR between 2020 and 2026. The growing efforts by chemical companies to adopt innovative technologies such as digital technology to expand their profit margins will drive the product demand.

Companies are responding to increasing consumer preference for sustainability by revising their existing assets and enhancing their decarbonization technologies, which should boost industry growth. Chemical manufacturers are investing heavily in research & development activities to develop new technologies and products, which should accelerate the p-ethylphenol market growth.

P-Ethylphenol Market Outlook

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The outbreak of the COVID -19 has significantly affected the consumer buying behaviour across all the sector. Dampening of consumer confidence, global economic slowdown, decline in consumer spending across the globe have major impact on consumer buying behaviour thereby affecting the demand for the product from different industries. In addition, demand from different application industries will be different based on the recovery and rebound period.

Consumer spending on food & beverages, pharmaceuticals, and other healthcare products is projected to gain momentum in next few quarters which will have positive impact on product demand from end-use industries. Also, the governments are increasingly offering incentives to boost export volumes and increase revenues. China’s government raised export tax rebates on over 1,500 products to resume trade at pre-COVID levels, which should support p-ethylphenol supply chains.

The stringent guideline laid down by governing bodies of different regions on the manufacturing and use of the product are likely to restrain the growth of the p-ethylphenol market to some extent during the forecast period. For instance, p-ethylphenol or 4-ethylphenol is a "Hazardous Chemical" as defined by the OSHA Hazard Communication Standard, 29 CFR 1910.1200. Companies manufacturing p-ethylphenol need to follow the guidelines mentioned in the OSHA 1910.1200.

Also, as per the U.S. Department of Transportation (DOT) p-ethylphenol is placed in hazard class 8, with UN Number: UN2430 and packaging group III. However, manufacturers are following all guidelines enforce by the government to maintain their sustainability and reduce the environmental effects of the company.

Rapid industrialization and rising chemical production should propel the demand for p-Ethylphenol in chemical synthesis application

P-Ethylphenol Market by Applications

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The product consumption in chemical synthesis applications should surpass 65 million by 2026 and is anticipated to show growth over 6.5% of CAGR in the forecasted period. The product demand from chemical synthesis application is expected to increase, owing to rapid industrialization, and increasing chemical production in Asia-Pacific. Moreover, P-Ethylphenol is widely used as solvents in various industries such as cleaning and degreasing as a processing aids and is also used for the production of phenolic resins and varnishes. Hence, this growing application of the product should support p-ethylphenol market growth over the coming timeframe.

In addition, significant application of the product in the synthesis of resins and antioxidants for plastics and rubber manufacturing should support p-ethylphenol market growth. There is continuous rise in the demand for plastics and rubber in the automotive, construction, consumer goods and electrical & electronics industries. Hence this factor is anticipated to propel the industry growth during the forecast period. In addition, increasing focus by auto manufacturers are incorporating high-end plastics to reduce the automobile weight in order to improve efficiency and reduce pollution will also drive the product growth during the forecast period.

Positive government support to the growing chemical industry in the Asia Pacific region is likely to fuel the business growth

P-Ethylphenol Market by Region

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The Asia chemical industry was worth over USD 2,700 billion in 2019, which is an indicator of ample growth potential for the product. The growing demand for chemicals from Asia Pacific has prompted many leading chemical manufacturers to shift their manufacturing base to the region, which should trigger the p-ethylphenol market growth. The region has witnessed the substantial expansion of end-use industries, such as automotive, pulp production, and construction, which require enormous chemical feedstocks. China’s government has introduced policies to ensure petrochemical self-sufficiency to achieve energy efficiency, which has led to the country becoming the world’s largest chemicals producer.

Moreover, p-ethylphenol is also used in other application such as pharmaceutical, chemical, dye, and other intermediates. Therefore, increasing public infrastructure development, urbanization, and rising demand for textiles & apparel to meet the needs of the growing population should stimulate p-ethylphenol market growth from the dye intermediate application. The growing dominance of Asian nations, such as India, China, Vietnam, and Indonesia, in the dyes and pigments market owing to rise in manufacturing capabilities of these countries, ready availability of raw materials, and relatively less stringent environmental regulations will boost the market growth.

Key industry participant’s initiative to improvise their production capacity and global reach to accelerate market competitiveness

The key players hold more than 50% share in the global p-ethylphenol industry which include Sigma Aldrich, Fisher Scientific, Tokyo Chemical Industries, Konan Chemical Manufacturing, Oakwood Chemical and LGC Standards. Players in the market are focusing on investment to improve production capacity to achieve competitive advantage. In addition, players are also focusing on increasing global footprint, through opening of numerous manufacturing units around worldwide.

In December 2020, Merck, the parent company of Sigma Aldrich announced a total investment of USD 48.69 million at its production facilities in the U.S (Danvers, Massachusetts, and Jaffrey, New Hampshire). This initiative is aimed at broadening the company’s manufacturing footprint. It will also create nearly 700 new manufacturing positions.

In December 2020, Thermo Fisher Scientific announced its expansion plans in Europe & North America for commercial manufacturing of therapies, critical medicines and vaccines and sterile drug product development. The investment is aimed at adding 15 development and cGMP production lines. The company also announced its expansion plans in Asia Pacific region which included a new integrated biologics and sterile drug development and manufacturing site in Hangzhou, China along with new sterile manufacturing facility in Singapore.

In September 2020, Biosynth Carbosynth expanded its synthesis capability by opening new laboratories in U.K. This initiative is aimed at increasing the company’s capacity to synthesize complex molecules and fine chemicals and hence serve its customers more efficiently. Hence, this factor increases the production of the product. 

The Global p-ethylphenol market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Thousand from 2015 to 2026 for the following segments:

By Application


  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
  • Latin America
    • Brazil
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Authors: Kunal Ahuja, Kritika Mamtani

Frequently Asked Questions (FAQ) :

The global share of p-ethylphenol industry was more than USD 90 million in 2019 and is anticipated to reach a CAGR of over 6% up to 2026.

The market share from chemical synthesis application segment is will register more than 6.5% CAGR between 2020-2026 as p-ethylphenol is used in synthesizing resins & antioxidants for plastic and rubber production.

APAC p-ethylphenol industry is projected to expand owing to the consistent growth of the chemical market in the region, which had reached a valuation of over USD 2,700 billion during 2019.

The major producers of p-ethylphenol account for over 50% of the global share and include Tokyo Chemical Industries, Fisher Scientific, Sigma Aldrich, LGC Standards, Oakwood Chemical and Konan Chemical Manufacturing.

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Premium Report Details

  • Published Date: Jan 2021
  • Companies covered: 12
  • Tables & Figures: 149
  • Countries covered: 5
  • Pages: 195

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