What is Anthracene Oil Market?
Anthracene oil is also called paranaphthalene or green oil and its chemical formula is C14H10 or (C6H4CH) 2. Anthracene is obtained from coal tar after heat treatment, in industrial applications. Anthracene oil is mainly used as a feedstock to make carbon black, in wood preservatives, and for the production of different dyes.
Highlights from Anthracene Oil Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE (Germany), Dow chemical (United States), Mitsui Chemicals (Japan), LG Chemical (South Korea), DuPont (United States), Himadri specialty chemical Ltd. (India), Shanghai Baosteel Chemical (China), Metinvest Group (Ukraine), Aparna Carbons Private Limited (India) and Konark Tar Products Private Limited (India) |
Global Anthracene Oil is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
BASF SE (Germany), Dow chemical (United States), Mitsui Chemicals (Japan), LG Chemical (South Korea), DuPont (United States), Himadri specialty chemical Ltd. (India), Shanghai Baosteel Chemical (China), Metinvest Group (Ukraine), Aparna Carbons Private Limited (India) and Konark Tar Products Private Limited (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are ACS Chemicals (India). Anthracene Oil Market Segmentation:
Scope | Sub-Segments |
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Sales | Online,Offline |
Industry Verticals | Oil Industries,Dye Industries,Others |
Packaging Type | Liquid in Tankers,ISO Tankers,Break Bulk Vessels,Others |
On the basis of geography, the market of Anthracene Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Industrialization creates a Trend for the Applications of Anthracene Oil
Market Growth Drivers:
Rising Applications of Anthracene Oil in Dye Industries and Increasing Consumption of Specialty Chemicals in Various Industries
Challenges:
Stringent Regulations on the use of Chemical Materials
Restraints:
Introduction of various substitutes and Rising number of Competitors in Emerging Market
Opportunities:
Increasing Demand for Anthracene Oil from Carbon Black Industry can create an opportunity for Market Growth.
Key Target Audience
Anthracene Oil Manufacturers, Anthracene Oil Distributors and Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 26th September 2019, BASF has acquired 100% shares in Isobionics B.V. The company develops and produces various natural flavors and fragrances with a focus on citrus oil components. With this transaction, BASF can strengthen the Nutrition and Health Division.
In October 27, 2021, BASF and Entegris signed agreement on the sale of the Precision Microchemicals business to Entegris for USD 90 million. This agreement helped company to expand its presence in Anthracene Oil market
According to the regulations regarding the use of carcinogenic substances, “It must be the use of body protect clothes, industrial-type work clothing, hand gloves. While the handling of Anthracene oil does not drink, eat or smoke, keep it away from foodstuff, avoid contact with eyes and skin.”