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Europe Tetraethyl Benzene Market Forecast 2027 By Application (Research Applications, Downstream Products Production, Pharmaceuticals Intermediates), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: August 2021 | Publisher: Graphical Research Report ID: GR1924 | Delivery : PDF  Request Free Sample

Europe Tetraethyl Benzene Market size crossed USD 102 thousand in 2020 and is projected to exhibit 2.2% CAGR from 2021 to 2027. Consistent developments in the coating & medical industry for economical & sustainable products will induce a positive effect on the product penetration.

Europe Tetraethyl Benzene Market

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Europe holds a significant demand share in the global tetraethyl benzene market owing to rising product applications in the research industry. Research applications are expected to witness a significant growth due to the high usage of product for exploration of new compounds. The proliferating pharmaceutical industry in Europe will augment the market growth. The increasing demand of pharma intermediates and downstream products along with rising research on tetraethyl benzene for various synthesis process will propel the market demand. The product is used to produce pyromellitic dianhydride in a variety of thermoplastics including plasticizers, epoxy resins, polyesters, and polycarbonates.

European tetraethyl benzene consumers must rely on imports owing to the absence of large pharmaceutical intermediate production sites in the region. The high demand for active downstream products across Europe and the increasing usage of advanced technologies in the downstream products production are estimated to drive the supply for tetraethyl benzene.

The COVID-19 pandemic has substantially increased the morbidity & mortality rates, hampering the supply chain, and weakening the product demand. Stringent containment efforts to restrict the spread of the coronavirus disease have restricted mobility and supply chains, thereby increasing the cost of business. Infections reduced labor supply & productivity while lockdowns, business closures, and social distancing also caused supply disruptions.

Europe Market, By Application

Europe Tetraethyl Benzene Market , By Application

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Research applications segment held around 60% Europe Tetraethyl Benzene market share in 2020. This can be attributed to increasing efforts of enhancing chemical properties of existing chemical compounds. Furthermore, private as well as government organizations in Europe spend more on research & development, which will fuel the market expansion. Increasing investments in research by various market participants to manufacture solutions in bulk quantities without comprising on the product quality or features are likely to boost product demand.

Competitive Industry Landscape

The major players operating in the Europe Tetraethyl Benzene market are Angene International, ChemSampCo, LLC, LEAP CHEM Co., Ltd., AHH Chemical Co., Ltd, BOC Sciences, Henan Tianfu Chemical Co., Ltd, SAGECHEM, Antimex Chemical Limited, and Zibo Hangyu Import & Export Co., Ltd. Antimex Chemical Limited collaborated with the Shanghai University and Zhejiang University. This strategy enabled the company to strengthen its research transfer capability.
 

Frequently Asked Question(FAQ) :

The market size for tetraethyl benzene in Europe hit USD 102 thousand in 2020 and could expand at a CAGR of 2.2% up to 2027 with significant consumption in the medical and chemical sectors.
The industry growth for tetraethyl benzene in Europe is driven by the rising demand for pharmaceutical intermediates, downstream products, and increasing research on the use of the compound.
Research applications accounted for more than 60% revenue share of European market in 2020 as companies look to enhance the properties of chemical compounds.
LEAP CHEM Co., Ltd., BOC Sciences, AHH Chemical Co., Ltd, SAGECHEM, Henan Tianfu Chemical Co., Ltd, Angene International, and Antimex Chemical Limited are among the leading providers of tetraethyl benzene in Europe.

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