2,3,6-Trimethylphenol Market

2,3,6-Trimethylphenol Market Study by Intermediates and Perfuming Agents for Vitamin E, Cosmetics, Plastics, and Pharmaceuticals & Pesticidesfrom 2024 to 2034

Analysis of 2,3,6-Trimethylphenol Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

2,3,6-Trimethylphenol Market Outlook (2024 to 2034)

The global 2,3,6-trimethylphenol market size is forecasted to expand at a CAGR of 3.6%, which will increase its valuation to US$ 327 million by 2034 from US$ 229.6 million in the year 2024.

Use of 2,3,6-trimethylphenol (2,3,6 TMP) has increased in the production of vitamin E. Demand for vitamin E is predominantly from the healthcare sector where it is used as a supplement to boost the immune system and also improve cognitive health. Vitamin E is one of the major components in cosmetic formulations that are used to improve skin texture. Given vitamin E’s numerous health benefits, the demand for intermediate 2,3,6-trimethylphenol is set to increase over the coming years.

2,3,6-trimethylphenol is also used in various chemical formulations for the production of packaging materials in the plastics industry. During PPO resin production, 2,3,6-trimethylphenol is used in 5% to 10% copolymer mixtures with other phenols. Transitional shift from conventional methods to this upgraded methodology is being witnessed in the market.

East Asia is key market for the consumption of 2,3,6-trimethylphenol, and it is anticipated to hold on to its leading market share during the projected period as well. Rapid rise in the use of 2,3,6-trimethylphenol in the production of PPO resins, which are already being utilized in many chemical formulations, will further drive market expansion in the region.

Report Attribute Detail
2,3,6-Trimethylphenol Market Size (2024E) US$ 229.6 Million
Projected Market Value (2034F) US$ 327 Million
Global Market Growth Rate (2024 to 2034) 3.6% CAGR
China Market Value (2034F) US$ 51.1 Million
Canada Market Growth Rate (2024 to 2034) 4% CAGR
North America Market Share (2024E) 26.7%
East Asia Market Value (2034F) US$ 89.3 Million
Key Companies Profiled lbemarle Corporation; BASF SE; Honeywell International Inc.; Clariant; W.R. Grace & Co.; Arkema; TOSOH Corporation; Union Showa KK; Zeochem AG; KNT Group.

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How is Rising Vitamin E Demand Driving 2,3,6 TMP Market Growth?

“Production of 2,3,5 TMHQ Heavily Depends on 2,3,6 TMP”

2,3,6 TMP is substantially used as an intermediate to manufacture 2,3,5 TMHQ, which is a precursor for the synthesis of vitamin E. Vitamin E consumption is advised by healthcare professionals to reduce damaging oxidants from the body. Patients suffering from ataxia, a genetic movement disorder, are provided with vitamin E supplements as the disorder creates vitamin E deficiency in the body. Blood disorder patients (Beta-Thalassemia) are suggested to have vitamin E orally to enhance the level of protein in their blood.

It is said that people consuming vitamin E in a balanced diet or through oral administration have a low risk of Parkinson’s disease. Women with PMS (Post-menstrual syndrome) are suggested to consume vitamin E to reduce depression and anxiety. Other medical applications such as dysmenorrhea, glomerulosclerosis, and granuloma annulare have created a space for the vitamin E market to expand. Growing vitamin E demand is thus projected to push the 2,3,6 TMP market in parallel.

“Demand for TMP from PPO Industry Significantly Benefitting Market Players”

TMP is used to manufacture poly phenlylene ether or polyphenylene oxide. TMP is blended with styrene polymer and oxidized to PPO polymer. Polyphenylene oxide is not only applied in electrical components but also in consumer goods such as television boards, washing machine parts, and automobile parts.

Around 8% of the global 2,3,6-TMP market share is held by PPO plastics and is expected to grow 1.3X over the forecasted period. Properties such as low moisture absorption and high impact strength are provided by 2,3,6 trimethylphenol to PPO and it enhances its application in structural components and electrical housing.

Companies utilizing 2,3,6 TMP to produce PPO are Japan Synthetic Rubber Co Ltd, GE plastics (now SABIC), Asahi Kasei, and others. TMP is also offered to TMHQ manufacturers, which is then directly sold to vitamin E manufacturers.

Country Wise Insights

Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, asserts that North America is projected to hold 26.8% of the global market share by 2034. The 2,3,6-trimethylphenol market has significantly broadened its global presence, extending to various regions such as Southeast Asia, Central and South America, and Australia.

This strategic expansion has enabled the market to diversify its supply chains, thereby reducing the dependency on a single supplier. It has also facilitated the availability of 2,3,6-TMP to a wider range of industries across these regions. This geographical diversification not only strengthens the market position of 2,3,6-TMP but also ensures a steady supply, catering to the global demand more effectively.

Which Factors are Driving 2,3,6-TMP Sales in the United States?

“Increasing Usage in Pharmaceutical and Cosmetic Industries”

Attribute United States
Market Value (2024E) US$ 43.9 Million
Growth Rate (2024 to 2034) 3.9% CAGR
Projected Value (2034F) US$ 64.4 Million

Primary factor driving market growth in the U.S. is extensive 2,3,6 TMP use in the cosmetics and pharmaceuticals. It serves as a chemical intermediate for the production of synthetic vitamin E and as a perfuming agent in the cosmetics industry. Demand for vitamin E, especially from the healthcare sector, is expected to increase over the forecasted period.

Additionally, 2,3,6 TMP is used in the production of packaging material in the plastic industry. Companies in the country are benefiting from these 2,3,6-trimethylphenol market trends and ongoing R&D initiatives that explore new applications and ways to enhance production processes. Rising demand for sustainable and eco-friendly products is also set to drive demand for 2,3,6 TMP over the coming years.

What’s Influencing 2,3,6 TMP Market Growth in China?

“2,3,6-TMP Used as Key Component in Cosmetic Formulations”

Attribute China
Market Value (2024E) US$ 35.8 Million
Growth Rate (2024 to 2034) 3.6% CAGR
Projected Value (2034F) US$ 51.1 Million

2,3,6-TMP compound is extensively used in the country for the production of synthetic vitamin E, which is in high demand in the healthcare sector for its immune-boosting properties and cognitive health benefits. It's also a major component in cosmetic formulations used to improve skin texture.

Additionally, 2,3,6-trimethylphenols are used in the plastic industry for the production of packaging material. The East Asia market, especially China, is experiencing significant growth in the consumption of 2,3,6-trimethylphenol. transitional shift from conventional methods to upgraded methodologies in the market is being seen. These factors are contributing to steady 2,3,6-trimethylphenol market growth in China.

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Category-wise Insights

2,3,6-trimethyphenol application is segmented into vitamin E, cosmetics, plastics, pharmaceuticals, and pesticides. Out of these five segments, pharmaceuticals and pesticides account for a leading 2,3,6-trimethylphenol market share of 59.2% in 2024.

What’s Driving 2,3,6-Trimethyphnol Intermediate Sales Globally?

“Growing Usage of Intermediates in Plastic Industry”

Attribute Intermediates
Segment Value (2024E) US$ 180.2 Million
Growth Rate (2024 to 2034) 3.4% CAGR
Projected Value (2034F) US$ 252.8 Million

2,3,6 TMP is used in various chemical formulations for the production of packaging material in the plastic industry. Rising demand for sustainable and eco-friendly packaging products is set to drive the demand for 2,3,6 TMP over the coming years.

Which 2,3,6 TMP Application Amounts for a Leading Market Share?

“Heavy Usage of 2.3.6 TMP in Chemical Formulations”

Attribute Pharmaceuticals & Pesticides
Segment Value (2024E) US$ 135.9 Million
Growth Rate (2024 to 2034) 3.4% CAGR
Projected Value (2034F) US$ 190.3 Million

Application of 2,3,6-trimethylphenol (2,3,6 TMP) is extensive and diverse. Pharmaceutical and pesticide industries account for a leading share of its application. The pharmaceutical industry utilizes 2,3,6 TMP in the synthesis of various drugs due to its versatile chemical properties. In the pesticide industry, 2,3,6 TMP serves as a crucial component in the production of several pesticides. These two sectors’ substantial demand for 2,3,6 TMP highlights their dominant position in its application landscape. As such, the pharmaceuticals and pesticides industries are crucial to the market dynamics of 2,3,6 TMP.

Key Market Players

Key players in the global 2,3,6-trimethylphenol market are lbemarle Corporation, BASF SE, Honeywell International Inc., Clariant, W.R. Grace & Co., Arkema, TOSOH Corporation, Union Showa KK, Zeochem AG, and KNT Group.

Producers of 2,3,6-trimethylphenol are partnering with other globally recognized suppliers to develop new technologies and drive their market share to new heights. 2,3,6-trimethylphenol application in pharmaceuticals & pesticides is increasing due to its use as a chemical intermediate for the production of synthetic vitamin E. The pharmaceuticals & pesticides segment is expected to reach a market value of US$ 135.9 million in 2024.

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Key Segments of 2,3,6-Trimethylphenol Market Research

  • By Function :

    • Intermediates
    • Perfuming Agents
  • By Application :

    • Vitamin E
    • Cosmetics
    • Plastics
    • Pharmaceuticals & Pesticides
  • By Region :

    • North America
    • Latin America
    • Eastern Europe
    • Western Europe
    • East Asia
    • South Asia & Pacific
    • Middle East & Africa

- FAQs -

How big is the 2,3,6-trimethylphenol market in 2024?

The global 2,3,6-trimethylphenol market is valued at US$ 229.6 million in 2024.

What are the projections for the global 2,3,6 TMP market for the next ten years?

The market for 2,3,6-trimethylphenol has been forecasted to expand at 3.6% CAGR and reach US$ 327 million by 2034.

What is the CAGR forecasted for the market in North America?

The North American market is forecasted to expand at 3.6% CAGR from 2024 to 2034.

How much share does East Asia hold in the global market?

East Asia accounts for 27.4% share of the global market in 2024.

How is the 2,3,6 TMP market projected to fare in China?

The market in China is projected to expand at 3.6% CAGR through 2034.

Which is the leading application segment of 2,3,6 TMP?

2,3,6 TMP application in pharmaceuticals and pesticides account for 59.2% market share in 2024.

- Also of Interest -

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OTC Vitamins and Dietary Supplements Market

OTC Vitamins and Dietary Supplements Market By Form (Liquid, Powder, Tablet, Capsule) By Function (Immune Health, Digestive Health, Heart Health, Bone & Joint Health) By OTC Channel (Pharmacies, Online Sales, Modern Trade Sales) and by Region- 2022 to 2032

Perfume Ingredient Chemicals Market

Perfume Ingredient Chemicals Market By Product Type (Synthetic, Alcohol, Esters, Ethers, Ketone, Essential Oil, Orange & Others), By Application (Fine Fragrance, Home Care, Personal Care, Laundry Care), By Region - Global Market Insights 2019 to 2029

2,3,6-Trimethylphenol Market

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