Global Tert-Amylbenzene Market Size

Global Tert-Amylbenzene market size to surpass USD 70 Million, in 2019 and is estimated to grow over 5% CAGR between 2020 and 2026 owing to rising utilization in pharmaceuticals, chemical intermediaries and batteries. Growing product utilization as an electrolyte additive in manufacturing Lithium-ion batteries is likely to fuel the business expansion.

style="text-align:justify">Tert-amylbenzene market manufacturers increasingly partner with universities and research institutes to achieve collaborative research and develop innovative solutions. For instance, Oakwood Products, Inc., is a company based in South Carolina, U.S., which engaged in the manufacture of fine organic chemicals particularly in sulfur and fluorine compounds. The company offers tert-pentyl benzene in 1g packages and has developed a well-equipped analytical laboratory for product analysis, raw material qualification and in-process work. However, Oakland Products, Inc., has also established a strategic partnership with the University of South Carolina to access additional analytical equipment.

Tert-amylbenzene suppliers are also engaged in forward integration to develop the end-use products themselves, such as hydrogen peroxide and electrolyte solvent, which provides them with greater control over their distribution channels. For example, FUJIFILM Wako Pure Chemical Corporation, a chemical reagent manufacturer based in Japan, offers tert-pentylbenzene for research applications. The company also offers hydrogen peroxide for use as a reagent. Tert-pentylbenzene serves as a capable intermediate to produce tert-amylbenzene. While the company is headquartered and primary based in Japan, it has also established overseas bases in Germany, U.S., and Latin America.

Growing demand for hydrogen peroxide from the pulp & paper industry as an effective bleaching agent should drive the growth of tert-amylbenzene market share. Europe’s pulp & paper industry was valued over USD 105 billion in 2019 which indicates ample growth opportunities for tert-amylbenzene. Hydrogen peroxide improves paper quality, lowers production costs, enhances yield and ensures environment-friendly operations in the pulp & paper industry.

Moreover, increasing investment by pharmaceutical companies on research & development initiatives to develop novel antifungal products and rising prevalence of fungal infections on account of various factors such as extreme weather, & high susceptibility of patients in hospitals to healthcare -acquired infections should boost the tert-amylbenzene market growth.

COVID 19 outbreak has led to imposition of shutdown of manufacturing units, travel ban and offices & marketplaces by governments across the world. Due to such measures has led to supply chain disruption across the world. This has impacted raw materials supply for tert-amylbenzene. This outbreak has led to global production plants shutdown which may reduce tert-amylbenzene utilization.