[Online Quarterly Update] 4-Octylphenol Market achieved 435 thousand tonnes in 2020 and is anticipated to grow at a healthy CAGR of 4.84% during the forecast period 2022-2030. Octylphenols are a large number of isomeric compounds that belong to the family of high purity alkylphenols. They are widely used as an intermediate in the production of phenol/formaldehyde resins as well as in the manufacturing of octylphenol ethoxylates. 4-Octylphenol with a chemical formula C14H22O also known as p-tert-Octylphenol comes under a class of phenols, which is substituted at the para- position by an Octyl group. It is manufactured from phenol and diisobutylene using DIC's proprietary techniques. 4- Octylphenols play a huge role as a xenoestrogen, a surfactant, and a metabolite. They are extensively used for various commercial applications such as raw materials for synthetic chemicals, chemical intermediate to UV stabilizers, products for children (e.g., Toys, children's cosmetics), food packaging, paper plates, cutlery, oil phenolic resins, surfactants, pesticides, and many others. 4-Octylphenol also finds its applications in the manufacturing of detergents, emulsifiers, dispersants, wetting agents, cleaning agents, foaming agents, etc. Many industries use 4-Octylphenols as additives in the production of rubbers, lubricating oils, films, or molding materials in order to improve the stability and shelf life. On the basis of purity, the global 4- Octylphenol market is segmented into 99% purity and 99.5% purity. Based on end-use application, the growing demand of 4-Octylphenol as a raw material for the manufacturing of phenolic resins to produce rubbers, paints, etc., is dominating the global 4- Octylphenol market and is forecasted to maintain its dominance over the next ten years.
In 2020, due to the outbreak of COVID-19, leading authorities in many major global economies like India and China, caused nationwide lockdowns, in order to curb the spread of coronavirus, due to which several industries were negatively affected. There was a decline in the demand for 4-Octylphenol due to disruptions in the global supply chain. However, the demand for 4-Octylphenol by the surfactants industry witnessed a positive impact due to the surging demand for disinfectants and detergents during the first half of 2020. With the gradual reopening of market, the demand for 4-Octylphenol is likely to bolster by the end of the year.
Among different regions, the Asia Pacific region is likely to dominate the global 4-Octylphenol market in the forecast period due to the presence of major end-use industries like cleaning chemicals in emerging countries like China, India, and others. In the Asia Pacific region, China is the largest consumer of 4-Octylphenol, owing to a large number of manufacturers of various end-uses, further propelling the market growth of 4-Octylphenol in the Asia Pacific region.
Some of the major key players operating in the global 4-Octylphenol market include SI Group, Sasol, DIC Corporation, ICC Industries B.V, Leap Chem Co. Ltd., Skyrun Industrial Co. Ltd, Prasol Chemicals Pvt. Ltd., PCC Group, Hexian GmbH, and others. Sasol Group of Companies produce high quality alkylphenols on a large-scale on modern plants using longstanding processing techniques which are highly demanded by various industries including plastics and rubber additive, lubricant and motor oil, resin and paint, and others.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
• To assess the demand-supply scenario of 4-Octylphenol which covers production, demand, and supply of 4-Octylphenol market globally.
• To analyse and forecast the market size of 4-Octylphenol.
• To classify and forecast global 4-Octylphenol market based on application, type and regional distribution.
• To identify drivers and challenges for global 4-Octylphenol market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global 4-Octylphenol market.
• To identify and analyse the profile of leading players involved in the manufacturing of 4-Octylphenol.
To extract data for the global 4-Octylphenol market, primary research surveys were conducted with 4-Octylphenol manufacturers, suppliers, distributors, wholesalers, and Applications. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various Applications segments and projected a positive outlook for the global 4-Octylphenol market over the coming years.
ChemAnalyst calculated 4-Octylphenol demand globally by analyzing the historical data and demand forecast which was carried out considering imported raw materials and monomers used for production of 4-Octylphenol. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• 4-Octylphenol manufacturers and other stakeholders.
• Organizations, forums, and alliances related to 4-Octylphenol distribution
• Government bodies such as regulating authorities and policy makers.
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as 4-Octylphenol manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global 4-Octylphenol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Attribute
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Details
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Market size volume in 2020
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435 thousand tons
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Growth Rate
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CAGR of 4.84% from 2021 to 2030
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Base year for estimation
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2020
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Historic Data
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2015 – 2019
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Forecast period
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2022 – 2030
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Quantitative units
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Demand in tons and CAGR from 2021 to 2030
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Report coverage
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Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
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Segments covered
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By Type: (99% and 99.5%)
By Application: (Resins, Surfactants, Chemical Intermediates, Pesticides, and others)
By Sales Channel: (Direct Company Sale, Direct Import, Distributors & Traders, Retailers)
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Regional scope
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North America; Europe; Asia Pacific; South America; Middle East & Africa
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Country scope
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United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
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Key companies profiled
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SI Group, Sasol, DIC Corporation, ICC Industries B.V, Leap Chem Co. Ltd., Skyrun Industrial Co. Ltd, Prasol Chemicals Pvt. Ltd., PCC Group, Hexian GmbH, and others.
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Customization scope
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Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Competitive Landscape:
ChemAnalyst offers detailed analysis of major players including basic company details, segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis, etc.to give a comprehensive and meaningful insights on the respective product market.
Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
