The global 2, 3, 6-Trimethylphenol market was valued at US$ 207 million in 2021, and owing to enormous use in the cosmetics industry, it is predicted to reach US$ 306.7 million by the end of 2032.

Demand for 2, 3, 6-trimethylphenol is primarily driven by its use in cosmetics and pharmaceuticals. It is used as a chemical intermediate for the production of synthetic vitamin E and also as a perfuming agent in the cosmetics industry.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Intermediate 2,3,6-Trimethylphenol market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply.

As per the report, 2,3,6- Trimethylphenol market is forecast to surpass more than US$ 190 Mn in 2020 and is anticipated to grow at a modest CAGR of ~3% throughout the forecast period. Key application of 2,3,6- TMP lies as a starting material for the production of Vitamin E. Thus, expanding Vitamin E production all around the world portrays an image of increasing demand for 2,3,6 TMP. Moreover 2,3,6 TMP is also used as co-monomer for polyphenylene Oxide and pesticide intermediate synthesis, which is set to give impetus to the market.

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2,3,6-Trimethylphenol Market Segmentation

Fact.MR has studied the 2,3,6-Trimethylphenol market with detailed segmentation on the basis function, application and key regions.

Function

Intermediate
Perfuming Agent

Application

Vitamin E
Cosmetics
Plastics
Pharmaceuticals

Region

North America
Latin America
Europe
East Asia
South Asia & Oceania

Middle East & Africa

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Lower Production Cost is Grabbing Attention of Key Stake Holders

Global 2,3,6 Trimethylphenol (2,3,6 – TMP) market is highly consolidated in nature. Top three players in market account for over 40% of revenue share at the global level.

Prominent players with established market presence in 2,3,6 Trimethylphenol (2,3,6 – TMP) market are

DSM & Nenter
SI group
Honshu Chemical Industry Co. Ltd
Deepak Novochem Technologies Limited
Rugao Zhongchang Chemicals co. Ltd.

Hangzhou ZeErRui Chemical Co. Ltd.
Nanjing Datang Chemical Co.Ltd.
Zibo Tailitze Chemical Co., Ltd

Key takeaways of Global 2,3,6- Trimethylphenol (2,3,6 TMP) Market

Global 2,3,6- Trimethylphenol (2,3,6-TMP) market is anticipated to create a value opportunity of around US$ 190 Mn during the forecast period, adding 1.5X more value as compared to 2020
Market consolidation is set to affect the 2,3,6 TMP market by the end of 2030, but the intermediate function accounts for more than 98% of the market. Intermediate function is projected to grow at just over 3% CAGR, as it is a key agent for the production of Vitamin E. It is set to grow at a modest growth rate in Asia.
Plastics are set to grow at a rate of 3% in the forecast period of 2020-2030 and is set to lose ~420 BPS over the period of 2020-2030
East Asia holds the leading share in the 2,3,6 TMP market and accounts for 15,000 tons of 2,3,6 TMP production to cater to the high demand from Vitamin E producers in China
Europe and North American markets are growing at a moderate pace, owing to the limited presence of of 2,3,6- Trimethylphenol producers

Global 2,3,6 TMP market is highly consolidated in nature with Nent technologies, DSM and Honshu chemicals amongst the top contenders in global market

“2,3,6-Trimethylphenol plays a crucial role in Vitamin E Production. Consolidation of the market due to adoption of different technologies for 2,3,5-Trimethylhydroquinone production is set to squeeze the 2,3,6- Trimethylphenol market” says a Fact.MR analyst.

Key Question answered in the survey of Intermediate 2,3,6-Trimethylphenol market report:

Sales and Demand of Intermediate 2,3,6-Trimethylphenol
Growth of Intermediate 2,3,6-Trimethylphenol Market
Market Analysis of Intermediate 2,3,6-Trimethylphenol
Market Insights of Intermediate 2,3,6-Trimethylphenol
Key Drivers Impacting the Intermediate 2,3,6-Trimethylphenol market

Which are the Key drivers impacted by Intermediate 2,3,6-Trimethylphenol market
Restraints Shaping Market Growth
Market Survey of Intermediate 2,3,6-Trimethylphenol

2,3,6-Trimethylphenol Market Is Predicted to Reach Us$ 306.7 Mn