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Global Tert-Amylbenzene Market Analysis

  • Report ID: GMI4883
  • Published Date: Dec 2020
  • Report Format: PDF

Global Tert-Amylbenzene Market Analysis

Tert-Amylbenzene Market from Batteries Market

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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.
 

Tert-Amylbenzene Market from Pharmaceutical Application

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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.
 

Tert-Amylbenzene Market by Region

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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.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global market for tert-amylbenzene had reached USD 70 million in 2019 and will expand at more than 5% CAGR up to 2026 owing to increased demand in pharmaceuticals and battery production.

The market share from batteries application is projected to surpass USD 20 million by 2026 as the demand for battery-operated material handling equipment and plug-in electric vehicles increases.

Tert-amylbenzene industry share from the pharmaceutical segment could surpass USD 25 million by 2026 with the use of the compound as a key raw material in the synthesis of antifungal ingredient amorolfine.

North America market for tert-amylbenzene is anticipated to exceed USD 30 million by 2026 owing to an increased demand for electronic technologies and lithium-ion batteries.

Tert-Amylbenzene Market Scope

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 9
  • Tables & Figures: 118
  • Countries covered: 19
  • Pages: 140
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