The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.
The report offers actionable and valuable market insights of Intermediate 2,3,6-Trimethylphenol. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Intermediate 2,3,6-Trimethylphenol Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Intermediate 2,3,6-Trimethylphenol market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Intermediate 2,3,6-TrimethylphenolThis newly published and insightful report sheds light on Market Insights of Intermediate 2,3,6-Trimethylphenol, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Intermediate 2,3,6-Trimethylphenol Market.
2,3,6-TMP market is driven by China as 80% of the 2,3,6-TMP and Vitamin E production cluster is positioned in China. Increasing Vitamin E production in the country is set to bolster the 2,3,6 TMP demand reveals Fact.MR in a recently published report on global 2,3,6 Trimethylphenol market.
As per the report, 2,3,6- Trimethylphenol market is forecast to surpass more than US$ 190 Mn in 2020 and is anticipated to grow at a modest CAGR of ~3% throughout the forecast period. Key application of 2,3,6- TMP lies as a starting material for the production of Vitamin E. Thus, expanding Vitamin E production all around the world portrays an image of increasing demand for 2,3,6 TMP. Moreover 2,3,6 TMP is also used as co-monomer for polyphenylene Oxide and pesticide intermediate synthesis, which is set to give impetus to the market.
2,3,6-Trimethylphenol Market Segmentation
Fact.MR has studied the 2,3,6-Trimethylphenol market with detailed segmentation on the basis function, application and key regions.
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Lower Production Cost is Grabbing Attention of Key Stake Holders
Global 2,3,6 Trimethylphenol (2,3,6 – TMP) market is highly consolidated in nature. Top three players in market account for over 40% of revenue share at the global level.
Prominent players with established market presence in 2,3,6 Trimethylphenol (2,3,6 – TMP) market are
- DSM & Nenter
- SI group
- Honshu Chemical Industry Co. Ltd
- Deepak Novochem Technologies Limited
- Rugao Zhongchang Chemicals co. Ltd.
- Hangzhou ZeErRui Chemical Co. Ltd.
- Nanjing Datang Chemical Co.Ltd.
- Zibo Tailitze Chemical Co., Ltd
Key takeaways of Global 2,3,6- Trimethylphenol (2,3,6 TMP) Market
- Global 2,3,6- Trimethylphenol (2,3,6-TMP) market is anticipated to create a value opportunity of around US$ 190 Mn during the forecast period, adding 1.5X more value as compared to 2020
- Market consolidation is set to affect the 2,3,6 TMP market by the end of 2030, but the intermediate function accounts for more than 98% of the market. Intermediate function is projected to grow at just over 3% CAGR, as it is a key agent for the production of Vitamin E. It is set to grow at a modest growth rate in Asia.
- Plastics are set to grow at a rate of 3% in the forecast period of 2020-2030 and is set to lose ~420 BPS over the period of 2020-2030
- East Asia holds the leading share in the 2,3,6 TMP market and accounts for 15,000 tons of 2,3,6 TMP production to cater to the high demand from Vitamin E producers in China
- Europe and North American markets are growing at a moderate pace, owing to the limited presence of of 2,3,6- Trimethylphenol producers
- Global 2,3,6 TMP market is highly consolidated in nature with Nent technologies, DSM and Honshu chemicals amongst the top contenders in global market
“2,3,6-Trimethylphenol plays a crucial role in Vitamin E Production. Consolidation of the market due to adoption of different technologies for 2,3,5-Trimethylhydroquinone production is set to squeeze the 2,3,6- Trimethylphenol market” says a Fact.MR analyst.
Key Question answered in the survey of Intermediate 2,3,6-Trimethylphenol market report:
- Sales and Demand of Intermediate 2,3,6-Trimethylphenol
- Growth of Intermediate 2,3,6-Trimethylphenol Market
- Market Analysis of Intermediate 2,3,6-Trimethylphenol
- Market Insights of Intermediate 2,3,6-Trimethylphenol
- Key Drivers Impacting the Intermediate 2,3,6-Trimethylphenol market
- Which are the Key drivers impacted by Intermediate 2,3,6-Trimethylphenol market
- Restraints Shaping Market Growth
- Market Survey of Intermediate 2,3,6-Trimethylphenol