The new report by Expert Market Research titled, ‘Global Anthracene Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global anthracene market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 2% (Global Coal Tar Market)
• Forecast Market Size (2025): USD 18 billion (Global Coal Tar Market)
The chief application of anthracene is in the electronics sector due to its use in the manufacture of various electronic devices. The increasing adoption of electronic devices and the rising consumer electronics sector, especially in developing countries, are the major factors contributing to the expansion of the anthracene market. The global anthracene market is also witnessing extensive use in end use segments such as textiles and chemicals.
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North America is seeing a considerable expansion and R&D activities in the anthracene industry, and, thus, the region is expected to contribute significantly to the industry growth during the forecast period.
Industry Definition and Major Segments
Anthracene is a colourless, organic compound. It is a polycyclic aromatic hydrocarbon (PAH) and is chiefly produced using coal tar as the primary raw material, which is itself obtained by the carbonisation of coal. It has numerous applications from electronics to dyes, pigments, and pesticides.
By application, the market is segmented into:
• Electronic Devices
• Dyes and Pigments
The major regions of the market include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
After the radiation leak in Japan, anthracene has seen increased adoption worldwide due to its use as a luminescent material in scintillators that are used to detect such leaks and radiations. The anthracene market is expected to see a further boost due to the rising disposable incomes in emerging countries of the Asia Pacific region, which is leading to the higher sales of consumer electronic devices, which is a major end use segment of anthracene. The e-commerce giants such as Amazon.com (NASDAQ: AMZN) and Alibaba Group (NYSE: BABA) are expected to increase the accessibility of products in this segment, thus, driving the sales volume growth.
Key Market Players
The major players in the market are Merck KGaA (ETR: MRK), Tokyo Chemical Industry Co., Ltd., Santa Cruz Biotechnology, Inc., Haihang Industry Co., Ltd., and Anward, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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