Press release
Tertiary Amyl Alcohol Market Segment, Share And Growth Factor Analysis, Future Trends, Top Leaders, Forecast To 2029
Global Tertiary Amyl Alcohol Market Was Valued At USD 450.15 Million In 2021 And Is Expected To Reach USD 595.5 Million By The Year 2028, At A CAGR Of 4.08%.
Unsaturated hydrocarbons are a group of substances that includes tertiary amyl alcohol. It is utilized for a wide range of chemical processes, chemical intermediates, and applications, including, among others, insecticides, melting adhesives, flavors, medicines, and UV stabilizers. It also has a variety of other uses. At 0.662 g/cm3, the density is extremely low and insoluble in water. Commercial production of tertiary amyl alcohol involves processing C5 fractionate from naphtha crude oil cracking and isoprene. Due to the huge demand for polymer antioxidants and the worldwide flavor, the world market for Tertiary Amyl Alcohol is increasing rapidly.
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Key Chapter Will Be Provided In The Report
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
• SWOT Analysis
Market Dynamics:
Driver:
In medicines, resins, coating materials, gums, and corrosion inhibitors, 2-methyl-2-butanol is frequently employed as a solvent. The synthesis of organic compounds also uses it. In the aforementioned uses, it serves as a surfactant, foaming agent, and stabilizing agent. Tertiary amyl alcohol has a unique combination of chemical and physical characteristics. Due to these characteristics, it can be used in applications like foam suppressants, which interfere with micro-emulsions and cause the foam to break. The usage of tertiary amyl alcohol as a solvent in different industrial applications is rising.
Opportunities:
With rising demand for automotive and industrial lubricants, the need for lubricants is expected to rise. Lubricating oils are also made using tertiary amyl alcohol. The worldwide tertiary amyl alcohol market is thus anticipated to grow over the coming years as a result of the rising demand for lubricating oils from industrial and automotive applications. Growing consumer desire for lightweight, high-performance cars in developing nations like China and India, together with rising disposable income globally, is anticipated to be a major driver of market expansion.
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Key Vendors in Tertiary Amyl Alcohol Market
• The Dow Chemical Company
• BASF SE
• Restek Corporation
• Hebei Smart Chemicals Co. Ltd.
• Tokyo Chemical Industry Co., Ltd. (TCI)
• Alfa Chemistry and other major players.
Segmentation of the Tertiary Amyl Alcohol Market
By Type
• Hydration
• Metabolism
By Application
• Fuel and lubricating oil additives
• Flotation aids
• Corrosion inhibitors
• Pharmaceuticals
• Paint solvents
• Others
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments In Tertiary Amyl Alcohol Market
December 20, 2021, Dow Japan announced today the completion of its legacy project with the International Olympic Committee (IOC) and donation of flowerpots made from recycled decorative banners-used at the Olympic Games Tokyo 2020-to Higashi Matsushima city, Miyagi Prefecture.
December 22, 2021, launched LUXSENSE™ Silicone Synthetic Leather, the world's first high-end silicone-based synthetic leather material to meet specifications in transportation seating and interiors, furniture, fashion, wearable devices and consumer electronics with unique features. With this innovation in material science, Dow introduces an alternative synthetic leather solution that offers comfort, health, and luxury, all while offering enhanced sustainability.
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