Global P-Ethylphenol Market size worth over USD 140 Million by 2026
Published Date: January 11, 2021 Authors: Kunal Ahuja, Kritika Mamtani
According to a new research report by Global Market Insights, Inc., the Global P-Ethylphenol market size should exceed USD 140 million by 2026.
Increasing use of p-ethylphenol as flavor additives in various food products such as baked products and sweet products will drive industry growth. Furthermore, changing lifestyle and increased consumption of packaged food, owing to a busy lifestyle & rising working women population in the developing region is one of the key trends which will support the P-ethylphenol market growth in the forecast timeframe.
Rising applications of dyes in different end-use industries such as textile and construction should support business growth
The dyes intermediate segment will hold a substantial share in the global p-ethylphenol market in 2019 and expected to reach over USD 9 million by year 2026. Dyes intermediate should witness significant growth mainly driven by increasing demand from various end-user industries which include textile, paints & coating printing inks and plastics. In addition, growing industrialization in the developing economics such as India, China, Indonesia, Brazil, Bangladesh, and Philippines are the key countries playing major role in fuelling the consumption of dyes.
Changing consumer behaviour, increasing consumer spending and shifting preference for aesthetic appeal is driving the growth of textile industry across the globe. Growing textile industries is driving the requirement of dyes and dyes intermediates. Increasing construction activities across different regions of the world and increasing sales of vehicles are likely to trigger the requirement for dyes from paints & coatings and plastics applications. Thus, the p-Ethylphenol demand for dyes intermediates application is projected to increase in the predicted timeframe.
Browse key industry insights spread across 195 pages with 103 market data tables and 46 figures & charts from the report, “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” in detail along with the table of contents:
Widespread presence of chemical industry in various European countries region should fuel the growth of p-Ethylphenol Market
Presence of several chemical industries in Germany, Spain, Italy, France and the UK, along with rising R&D investment in the pharmaceutical industry in the region will drive the European market. In addition, growing textile production along with a steady rise in the bakery and processed foods industry support the product growth, as it is used as intermediated in dye and flavouring agent for food. Moreover, increasing consumption of ready to eat food products in Europe should support p-ethylphenol market growth and expected to show the growth of over 6% CAGR between the year 2019-2026.
Moreover, the steady growth of plastics, rubber, and paints & coatings industries will drive the growth for p-ethylphenol for various chemical synthesis. Furthermore, growing textile industry in countries such as Spain, Italy and France are expected to augment the product demand for dyes intermediate synthesis. Furthermore, increasing automotive production in the region will augment the p-ethylphenol Market growth in the region.
Key players in the p-ethylphenol industry are adopting various strategies and innovation in their business activities to upgrade their global footprint and business offering. For instance, Toronto Research Chemicals company offers various customise pack sizes of p-ethylphenol for online purchase through its website and accepts bulk orders to meet specific customer requirements. In addition, companies are taking initiative to increase their global presence through establishing new manufacturing plants or through developing a vast networking channel in various countries.