p-Ethylphenol Market Size by Application (Pharmaceuticals Intermediate, Dyes Intermediates, Chemical Synthesis), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Covid-19 Impact Analysis, Competitive Market Share

p-Ethylphenol Market Size by Application (Pharmaceuticals Intermediate, Dyes Intermediates, Chemical Synthesis), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021-2027

The p-ethylphenol market is estimated to grow at a robust pace through 2027 owing to prevalent product adoption in varied industry verticals.

p-Ethylphenol, also known as 4-ethylphenol, refers to a white solid, organic compound. It is a precursor to 4-vinylphenol and occurs as an impurity in xylenols and finds usage in the production of certain commercial phenolic resins. It has also reported extensive use in perfumes, which has bolstered product adoption in the cosmetics sector. Additionally, recent studies focused on examining the pharmaceutical uses of the compound have reported significant findings, which has been favorable for p-ethylphenol market growth.

Furthermore, increased research efforts focused on improving the quality of agricultural products have enhanced the significance of biological agents. To that effect, a September 2021 study conducted by a team at Shandong Agricultural University found that 4-ethylphenol acted as a potential botanical agrochemical against oomycetes. Oomycetes are severely harmful to agricultural produce, which leads to a decline in grain quality and agricultural products and causing great economic losses.

As per the study, 4-ethylphenol showed potent antifungal activity against soil-borne phytopathogenic fungi, viz., Gaeumannomyces graminis var tritici, Fusarium graminearum, and Rhizoctonia solani, as well as four forma specialis of Fusarium oxysporum. This indicated that the compound could potentially serve as an eco-friendly biological control agent. As a result, rising significance of p-ethylphenol in food enrichment has played a crucial role in the expansion of the industry in the past few years.

For comprehensive assessment, the p-ethylphenol market has been bifurcated on the basis of application and region. Based on application, the market has been divided into chemical synthesis, dyes, pharmaceuticals, and others. The others application segment held more than 30% market share in 2020 and is expected to amass substantial gains over 2021-2027. Other applications of p-ethylphenol include cosmetics, skincare, nutraceuticals, and food enrichment industries.

In the regional landscape, the Latin America p-ethylphenol industry is anticipated to attain a share of over 3.5% in the overall market in terms of revenue by the end of review timeline to reach a considerable valuation by the end of 2027. The LATAM region mainly focuses on the chemical synthesis application of p-ethylphenols, which is likely to positively influence product scenario over the following years.

Meanwhile, the Middle East & Africa p-ethylphenol market accounts for a notable portion of the overall industry revenue and is projected to grow at more than 4% CAGR over the forecast period. Booming dyes and pharmaceuticals sectors in the MEA region are set to foster market outlook in the future.