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Global Tert-Amylbenzene Market Size

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

Global Tert-Amylbenzene Market Size

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.

 

style="text-align:justify">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.

 

Tert-Amylbenzene Market Outlook

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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.
 

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.

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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