Industry Trends

Asia Pacific Tetraethyl Benzene Market Size surpassed USD 202 thousand in 2019 and is estimated to witness over 2.5% CAGR from 2021 to 2027. Growth of the market is attributed to the accelerating production of thermoplastics, pharma intermediates, and coatings.

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The APAC tetraethyl benzene industry demand is majorly driven by the rising use of pharmaceutical intermediates, and the increasing number of research activities for the synthesis process. A range of products is manufactured from tetraethyl benzene, which includes pyromellitic dianhydride, carboxylic acids, and vinylbenzenes. Pyromellitic dianhydride exhibit many remarkable properties, such as high-temperature resistance, curing capability, oxidative stability, and efficient thermal and mechanical properties. Therefore, owing to its usage flexibility, the compound is extensively used in the production of a range of thermoplastics, including epoxy resins, plasticizers, polycarbonates, and polyesters. Pyromellitic dianhydride is used for insulation materials, powder coatings, phenolics stabilizers, corrosion inhibitors, and electro-fax toner.

APAC Market, By Application

The covid-19 outbreak presented its own set of opportunities and challenges for the industry. Due to the increased number of research activities in the pharmaceutical industry, an upsurge in the product demand could be observed. On the other hand, the downstream products production operations took a severe hit and witnessed a decline in the evolution rate. Meanwhile, the robust demand for research applications, which also showcased the highest growth of 2.7% during the forecast period.

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APAC Market, By Country

Based on country, China market for tetraethyl benzene held more than 28.5% revenue share and generated the highest sales in the Asia Pacific. China and South Korea accounted for the highest production and supply of tetraethyl benzene in the region. Besides, in the past few years, China and India’s pharmaceutical industry has received substantial investments, favorable government policies, and lenient labor & environmental regulations which has substantially contributed to tetraethyl benzene production and is also anticipated to support the growth in the coming years.

Competitive Industry Landscape

The key manufacturers involved in the market include are Angene International, LEAP CHEM Co., Ltd., BOC Sciences,  AHH Chemical Co., Ltd., Henan Tianfu Chemical Co., Ltd., Zibo Hangyu Import & Export Co., Ltd., Antimex Chemical Limited, and SAGECHEM Limited.