The global demand for Carbolic Oil Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Carbolic Oil also called middle oil is obtained during coal-tar distillation and contains mainly tar acids and few graces of naphthalene. The most common use of carbolic oil is the extraction of phenol, and hence it is called as phenolated oil. The different chemical forms of carbolic oils are used in the manufacturing of plastics, detergents, nylon, herbicides, pharmaceuticals and polycarbonates. Phenol, a carbolic oil extract finds many applications in the field of molecular biology. It finds it use in the cosmetics industry as well to produce skin lightening creams, sunscreen and hair colouring solutions.
The content of phenol is the major factor determining the various applications of carbolic oil. carbolic acid can display traces of toxicity. The global carbolic market is expected to grow at a higher pace due to increased use of its most common derivative, phenol in the manufacturing of cosmetics. Strong demand for phenol in the pharmaceuticals will further boost the growth of the market. The rise in per capita income and increased investments in the research and development of carbolic acid derivatives will propel market growth. The use of carbolic oil products is expected to rise during COVID-19 times mainly due to the increased use of phenol, a disinfectant produced from carbolic oil. The main challenge faced by this market is the toxic nature of carbolic oil and its detrimental effects on humans owing to prolonged exposure.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of carbolic oil.
The entire carbolic oil market has been sub-categorized into product and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Analysis Level
- Extraction of Phenol
- Pyridine Bases
This section covers regional segmentation which accentuates on current and future demand for carbolic oil market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Carbolic Oil Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the carbolic oil market include Jining Chenguang Coal Chemical CO. Ltd., Shanghai HaiChagn Petroleum Equipment Co. Ltd., Chinagtchem, Industrial Química del Nalón, Hindustan Chemicals & Almn. Industries. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.