Home > Polymers, Specialty Chemicals & Advanced Materials > Global Tert-Amylbenzene Market
Global Tert-Amylbenzene market size to surpass USD 70 Million, in 2019 and is estimated to grow over 5% CAGR between 2020 and 2026 owing to rising utilization in pharmaceuticals, chemical intermediaries and batteries. Growing product utilization as an electrolyte additive in manufacturing Lithium-ion batteries is likely to fuel the business expansion.
Tert-amylbenzene market manufacturers increasingly partner with universities and research institutes to achieve collaborative research and develop innovative solutions. For instance, Oakwood Products, Inc., is a company based in South Carolina, U.S., which engaged in the manufacture of fine organic chemicals particularly in sulfur and fluorine compounds. The company offers tert-pentyl benzene in 1g packages and has developed a well-equipped analytical laboratory for product analysis, raw material qualification and in-process work. However, Oakland Products, Inc., has also established a strategic partnership with the University of South Carolina to access additional analytical equipment.
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Tert-amylbenzene suppliers are also engaged in forward integration to develop the end-use products themselves, such as hydrogen peroxide and electrolyte solvent, which provides them with greater control over their distribution channels. For example, FUJIFILM Wako Pure Chemical Corporation, a chemical reagent manufacturer based in Japan, offers tert-pentylbenzene for research applications. The company also offers hydrogen peroxide for use as a reagent. Tert-pentylbenzene serves as a capable intermediate to produce tert-amylbenzene. While the company is headquartered and primary based in Japan, it has also established overseas bases in Germany, U.S., and Latin America.
|Market Size in 2019:||71.55 Million (USD)|
|Forecast Period:||2020 to 2026|
|Forecast Period 2020 to 2026 CAGR:||5.4%|
|2026 Value Projection:||103.24 Million (USD)|
|Historical Data for:||2015 to 2019|
|No. of Pages:||140|
|Tables, Charts & Figures:||118|
|Pitfalls & Challenges:|
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Growing demand for hydrogen peroxide from the pulp & paper industry as an effective bleaching agent should drive the growth of tert-amylbenzene market share. Europe’s pulp & paper industry was valued over USD 105 billion in 2019 which indicates ample growth opportunities for tert-amylbenzene. Hydrogen peroxide improves paper quality, lowers production costs, enhances yield and ensures environment-friendly operations in the pulp & paper industry.
Moreover, increasing investment by pharmaceutical companies on research & development initiatives to develop novel antifungal products and rising prevalence of fungal infections on account of various factors such as extreme weather, & high susceptibility of patients in hospitals to healthcare -acquired infections should boost the tert-amylbenzene market growth.
COVID 19 outbreak has led to imposition of shutdown of manufacturing units, travel ban and offices & marketplaces by governments across the world. Due to such measures has led to supply chain disruption across the world. This has impacted raw materials supply for tert-amylbenzene. This outbreak has led to global production plants shutdown which may reduce tert-amylbenzene utilization.
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The batteries application segment is estimated to reach over USD 20 million with growth over 5.5% by the end of 2026. Rising utilization of automated & battery-operated material handling equipment in the industrial sector, growing demand for smart electronic devices and plug-in electric vehicles should accelerate the tert-amylbenzene market sales.
The lithium-ion battery industry is witnessing significant innovation resulting in substantial increases in energy density and efficiency, which should drive their usage in smartphones and tablet computers, as they reduce device weight. Growing electrification of the transport sector and challenges in procurement of fossil fuels represents an enormous opportunity for the utilization of lithium-ion batteries in the medium to long term period. The demand for lithium-ion batteries from electric vehicles is projected to surpass 1,200 Gwh by 2030 which represents healthy growth potential for tert-amylbenzene market.
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Pharmaceutical application segment is anticipated to reach over USD 25 million by 2026. Tert-amylbenzene is likely to witness ample usage in the pharmaceutical industry as a vital raw material for the synthesis of the antifungal ingredient amorolfine. Significant rise in life expectancy, rising number of people suffering from compromised immune systems, and shifting consumer preferences towards tighter footwear has led to growing prevalence of fungal nail infections.
Amorolfine exhibits high effectiveness towards a broad range of dimorphic, filamentous fungi and yeasts due to its capability to penetrate the nail rapidly which should stimulate its adoption in antifungal nail lacquers, lotions, and ointments.
North America market share is estimated to reach over USD 30 million with growth over 5% by the end of 2026 due to the increasing demand for electrical and electronic technologies amongst consumers. The demand for electronic and telecommunication solutions, including smartphones, microprocessors, portable media players, and analogue devices, among other solutions is rising exponentially. This demand is motivating consumer electronics and other mobile communication devices.
The demand for tert-amylbenzene is increasing as it functions as an additive in lithium-ion batteries that enhances the performances of lithium-ion batteries by improving their thermal stability and ionic conductivity. The market sectors procuring batteries, includes automobiles, electronic, and mobile communication devices, and others are recording a high demand for efficient electronic components as tert-amylbenzene enhances the performance and improve their thermal stability and ionic conductivity.
Moreover, supportive government initiatives including “U.S. Reshoring Initiative” implemented by U.S. government in order to boost inland production output by providing tax incentives to manufacturers establishing production plants. Thus, these aforementioned factors should boost Regional manufacturing sector resulting in accelerating the tert-amylbenzene market growth.
Global market share is moderately consolidated owing to presence of major players including TCI Chemicals, Sigma Aldrich, Alfa Aesar, Solvay, and Frontier Scientific Inc.
Participants in the tert-amylbenzene industry are incorporating strategies including capacity expansions, mergers & acquisitions, new product launches and partnerships & collaborations. For instance, In September 2020, Solvay announced the extension of distribution partnership with Azelis for the distribution of Solvay’s range of sodium docusate and poloxamer excipients to the pharma customers in EU countries.
Global Tert-Amylbenzene market report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Tons) and revenue (USD Thousand) from 2015 to 2026, for the following segments:
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