According to estimates, the global Para-tert-Octylphenol (POTP) Market would generate market revenue of US$201.2 Million in 2022. These sales are expected to rise to US$ 336.5 Million by 2033, with a CAGR of 4.8% from 2023 to 2033, due to the rising demand in the global industry.
With the increasing demand of automotive industry and paint industry in the market the use of octylphenol gradually increase. As Para-tert-Octylphenol is used in the manufacture of emulsion polymers for use in paint. These special paints used in marine applications because of the high resistance to saline waters that they provide.
According to latest research, the demand of Para-tert-Octylphenol is anticipated to grow with a significant growth rate of about 4.5% to 6.0% in between the coming assessment period of 2021-2031.
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Demand is expected to increase owing to the increasing usage of the substance in the production of octyl-phenol-formaldehyde resins, which find widespread usage for printing inks, paints & coatings and many others.
It is also used in the rubber compounding process for tyre manufacture to increase the tackiness of the rubber and improve the adhesion of the different layers during vulcanization. they are mainly used as an emulsifier for emulsion polymerization by companies producing polymers like styrene-butadiene.
The consumption of this compound will increase in these application segment will boost the demand of the Para-tert-Octylphenol compound during the forecast period.
Printing Inks and Coatings industry to remain a key segment for the consumption of Para-tert-Octylphenol
With the growing demand of Para-tert-Octylphenol in various end user industries, the global market of Para-tert-Octylphenol is estimated to witness a considerable growth in the coming years. The growing demand of printing inks which can be used in the coloring of paper, plastics, metals, textiles, glass and others is also expected to benefit the market of this compound.
The increased popularity of digital printing has resulted in a significant growth in recent years. Traditional printing methods are substantially slower and inefficient when compared to digital printing. The growing popularity of digital printing is also attributable to changing consumer needs. There has been a dramatic drop in the collections of newspapers, magazines, and books in areas where digitization has increased significantly.
Asia Pacific Demand Outlook for Para-tert-Octylphenol
Surfactants, such as 4-tert-octylphenol, are used in detergents, industrial cleansers, and emulsifiers. In terms of value, Asia Pacific is expected to hold the world’s largest industrial cleaning chemicals market in 2024.
China is the leading market in this region China and is estimated to witness a substantial growth in this product’s consumption due to the presence of significant number of key manufacturers along with strong presence of end use industries. Thus Asia Pacific regions forms a large chunk of the demand for this product which helps to drive the market growth in this region.
Europe Demand Outlook for Para-tert-Octylphenol
Owing to the significant growth in the chemical and materials industries in various countries of Europe such as, Germany, France, Italy and others, the demand of Para-tert-Octylphenol compound is also anticipated to remain high in this region. The factor driven the market in Europe region are accelerating the demand from the coatings sector.
Germany is a significant regional market and accounts for prominent share of the demand for this product owing to its well-developed chemical manufacturing sector.
Who are the Key Manufacturers and Suppliers of Para-tert-Octylphenol?
Some of the leading manufacturers and suppliers of are
- ICC Industries B.V
- Hangzhou J&H Chemical Co.Ltd.
- Leap Chem Co.Ltd
- Skyrun Industrial Co.Ltd.
- Xingrui Industry Co.Limited
- Prasol Chemicals Pvt. Ltd
- PCC Group
- Beijing Jiyi Chemical and many others.
- Printing Inks
- Electrical insulating varnishes
- Paper Coating
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