According to the research report titled ‘Europe Tetraethyl Benzene Market Forecast 2027 By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe tetraethyl benzene market is likely to reach a valuation of USD 118000 by the year 2027.
 

Surging investments by chemical manufacturers in R&D activities coupled with subsequent technological breakthroughs in coating & medical sectors are some of the prime factors driving Europe tetraethyl benzene market growth. Focus towards developing eco-friendly and affordable goods in tandem with growing demand for active pharmaceutical components are fueling the overall market size.

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tetraethyl benzene is widely adopted in producing benzene carboxylic acids, pyromellitic dianhydride, and vinylbenzenes, all of which are employed in developing high-performance coatings. Thus, rising adoption of such coating solutions owing to their exceptional abrasion, durability and chemical resistance are promoting the business outlook in Europe.

Based on application spectrum, the research application segment captured 60% market share in 2020, on account of growing emphasis towards improving the chemical properties of current products. Both public and commercial entities are making heavy investments in R&D effort, which in turn is adding traction to the overall market size in Europe.

Meanwhile, the report cites that the pharmaceutical intermediates segment is reckoned to amass USD 28,000 by the year 2027. Tetraethyl benzene is known to be a critical part in various pharmacological intermediates. Thus, growing demand for active pharmaceutical ingredients, especially since the advent of COVID-19 pandemic, are favoring the regional market scenario.

The prominent companies profiled in Europe tetraethyl benzene market report are Antimex Chemical Limited, Zibo Hangyu Import & Export Co. Ltd., Sagechem Limited, Henan Tianfu Chemical Co. Ltd., BOCSCI Inc., Leap Chem Co. Ltd., AHH Chemical Co. Ltd., ChemSampCo LLC, and Angene International Limited.