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Asia Pacific Tetraethyl Benzene Market Size, By Application (Pharmaceuticals intermediates, Downstream products production, Research applications), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027

Published Date: February 2021 | Publisher: Graphical Research Report ID: GR1663 | Delivery : PDF

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.
 

Frequently Asked Question(FAQ) :

The market for tetraethyl benzene in Asia Pacific had reached USD 202,000 in 2019 and will grow at a 2.5% CAGR up to 2027 with increasing production of thermoplastics, coatings, and pharmaceutical intermediates.
Driven by increased R&D activities amid the pandemic the regional product consumption in research applications is slated to grow at a CAGR of 2.7% over 2021-2027.
China held around 28.5% revenue share and generated the highest sales in the APAC region during 2020 and will continue to exhibit similar trends over the projected timeframe.
BOC Sciences, LEAP CHEM Co., Ltd., Henan Tianfu Chemical Co., Ltd., SAGECHEM Limited, Zibo Antimex Chemical Limited, and AHH Chemical Co., Ltd. are some of the major tetraethyl benzene manufacturers in APAC.

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Asia Pacific Tetraethyl Benzene Market Size & Share | Forecasts 2027


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