p-Ethylphenol Market size is estimated to surpass USD 150 million by 2027, according to a new research report by Global Market Insights Inc.
p-Ethylphenol, also known as 4-Ethylphenol, is a phenolic compound that is generally used as a precursor for the production of p-vinylphenol and several other antioxidants. Increasing product demand as intermediate for dyes and pharmaceutical products will drive the industry size. Moreover, rising demand from end-use sectors such as construction & automotive will lead to expansion of global chemical sector, thus providing new growth opportunities for business expansion. The global construction industry spending surpassed USD 12 trillion in 2021, representing tremendous growth opportunities for p-Ethylphenol market demand.
Factors such as rapid growth of pharmaceutical sector coupled with expansion of flavors & fragrance industry will fuel the industry landscape. Growing investment in R&D activities along with innovative drug discovery & developments is anticipated to stimulate product adoption. Increasing product adoption in wine and beer preparation will promulgate business growth. Besides, increasing demand for paints & coatings from the infrastructure and automotive industry has boosted the requirement of dyes, which should further accelerate industry statistics.
The product is highly used in the manufacturing of various industry-grade chemical solvents of an organic form. Widely used as the intermediate for the dyes and pharmaceutical industries. The application by the automotive and oil & gas sector has also accelerated the market demand and broadened the application landscape for the global end-users. The constant up-gradation of the regulatory and innovative compliances by various regions over their manufacturing practices of pharmaceuticals and automotive dyes, fueling the overall market trends.
p-ethylphenol industry from dye Intermediates application is forecast to register 5.5% CAGR through 2027 due to growing demand for increased innovative dye intermediates in the automotive industry
p-ethylphenol market from dye intermediates application accounted for over USD 6.5 Million in 2020 owing to high consumer preference towards effective and organic chemical processing solvent in dyes and dye intermediates. Increasing product utilization as intermediates for the preparation of pigments and dyes will stimulate segment expansion.
The current COVID impact scenario in the dyes industry using p-ethylphenol compound has been observed to be under a progressive rise as the demand for more innovative dye compounds which are technically advanced in terms of effectiveness are in greater demand. Moreover, surging product adoption in form of coating and proofing agents will foster product demand. The regaining of the lost productivity of this industry illustrates a forthcoming demand for more innovative, advanced, and organic chemical dyes, thereby creating new growth opportunities for market expansion.
Browse key industry insights spread across 205 pages with 103 market data tables & 46 figures & charts from the report, “p-Ethylphenol Market Forecasts by Application (Pharmaceuticals Intermediate, Dyes Intermediates, Chemical Synthesis), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021-2027” in detail along with the table of contents:
Strong growth of the flavors & fragrances sector in Europe will foster product demand
Europe p-Ethylphenol market is anticipated to cross USD 40 million by 2027 owing to rising consumer spending on chemical research and investments on innovative drug developments in the region. The region is characterized by strong potential market for pharmaceuticals, automotive dyes, flavors & fragrances, and cosmetics products. Presence of leading flavors & fragrance manufacturers including Symrise AG, Firmenich SA, Givaudan, Mane SA, etc. is anticipated to propel regional market expansion. Technological advancements and adoption of enrichment techniques by manufacturers in the region have enabled the development of p-Ethylphenol constituted intermediates in dyes and pharmaceuticals.
Key participants in the p-Ethylphenol market include Sigma Aldrich, Thermo Fisher Scientific, TCI Chemicals, Santa Cruz Biotech, Clearsynth, ABCR Gmbh, AK Scientific, Alfa Chemistry, etc. who actively contribute to supplying the increasing demand for all industrial applications from the global market.
Several market players are also involved in various strategies and initiatives including technological advancements, product launches. For instance, Chinese manufacturers are engaged in developing new facilities for the production of phenolic compounds, owing to the growing demand for plastics and rising exports. For instance, Nanjing Datang Chemical Co., Ltd is a developer and manufacturer of fine chemicals based in Nanjing, China, which offers p-ethylphenol of 99% purity.