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.
The market study is being classified and major geographies with country level break-up.
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).
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.
Analyst at AMA have segmented the market study of Global Anthracene Oil market by Type, Application and Region.
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.
- Rising Applications of Anthracene Oil in Dye Industries
- Increasing Consumption of Specialty Chemicals in Various Industries
- Rapid Industrialization creates a Trend for the Applications of Anthracene Oil
- Introduction of various substitutes
- Rising number of Competitors in Emerging Market
- Increasing Demand for Anthracene Oil from Carbon Black Industry can create an opportunity for Market Growth.
- Stringent Regulations on the use of Chemical Materials
Market Leaders and some 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.
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.”
Key Target AudienceAnthracene Oil Manufacturers, Anthracene Oil Distributors and Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Anthracene Oil Market?
"Rising Applications of Anthracene Oil in Dye Industries
" is seen as one of major growth factors of Anthracene Oil Market in years to come.
2. Can we have customized study for Anthracene Oil Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Anthracene Oil Market?
will lead Anthracene Oil Market in coming years.