Global Anthracene Market Report and Forecast 2024-2032

Global Anthracene Market Outlook

The global anthracene market is expected to be supported by the growth of the global market for coal tar from which it is primarily derived. The global coal tar market is expected to grow at a CAGR of 2% between 2024 and 2032 to reach a value of USD 20.27 billion by 2032.

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North America to Experience Significant Growth in the Anthracene Market

Region-wise, the North America region is expected to be a significant market for anthracene as it accounts for a considerable share within the market. Ongoing R&D activities within the region related to the product’s application are predicted to support the market growth in the coming years. Europe is also a major market for anthracene. However, the recent sanctions imposed by the European Union on the PAHs is expected to hinder the growth within the region, resulting in stagnation of the market. The Asia Pacific region, on the other hand, is expected to exhibit a robust growth in the coming years owing to the extensive use of anthracene in the end-use sectors like textiles and chemicals. The market is also expected to thrive due to the growing economies such as China and India which are undergoing increased research in electronics.

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Anthracene: Market Segmentation

Anthracene refers to a colourless, polycyclic aromatic hydrocarbon (PAH), which is made of coal tar, a by-product produced by the carbonisation of coal.

On the basis of application, the market is divided into:

• Electronic Devices
• Coatings
• Dyes and Pigments
• Pesticides
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Demand for Electronics to Aid the Growth of the Global Market for Anthracene

The anthracene industry is driven by the rising demand for electronics globally. It is used in the development of luminescent material crystals and smoke screens. The demand for these products is rising as the disposable incomes and standard of living is increasing across the world. Further, the rising demand for anthracene in the manufacture of dyes, plastics, and pesticides is aiding the market growth. The market is driven by the extensive application of the product in the end-use industries such as electronic devices, coatings, textiles, and chemicals. Dyes and coatings are a major end-user industry which holds a substantial share in the market and is expected to further grow in the forecast period.

Anthracene is used as a luminescent material in scintillators, which is expected to grow into a major market as it is used in identifying situations such as radiation leaks. After Japan’s radiation leak, the demand for proper radiation leak checking equipment has been on the rise in nuclear reactor sites globally. This is expected to propel the market growth for anthracene.

Key Industry Players in the Global Anthracene Market

The report gives a detailed analysis of the following key players in the global anthracene industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Merck KGaA
• Tokyo Chemical Industry Co., Ltd.
• Santa Cruz Biotechnology, Inc.
• Haihang Industry Co., Ltd.
• Anward
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report