Sat, 29 Jan 2022

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.

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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?GR, 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

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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.

Function

  • Intermediate
  • Perfuming Agent

Application

  • Vitamin E
  • Cosmetics
  • Plastics
  • Pharmaceuticals

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

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Crucial insights in the 2,3,6-Trimethylphenol (2,3,6 TMP) Market research:

  • Underlying macro- and microeconomic factors impacting the growth of the 2,3,6-Trimethylphenol (2,3,6 TMP) Market Basic overview of the 2,3,6-Trimethylphenol (2,3,6 TMP) Market including market definition, classification, and applications.
  • Scrutinization of each 2,3,6-Trimethylphenol (2,3,6 TMP) Market player based on mergers & acquisitions, R&D projects, and product launches.
  • Adoption trend of 2,3,6-Trimethylphenol (2,3,6 TMP) Market across various industries.
  • Important regions and countries offering lucrative opportunities to 2,3,6-Trimethylphenol (2,3,6 TMP) Market stakeholders.

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