According to the latest market survey conducted by Future Market Insights, the global Thymolphthalein market is relishing a market valuation of US$ 96.2 Million in 2022, and all are set to expand with a CAGR of 3.5% during the 2022 to 2032 period. The market is anticipated to top a valuation of US$ 135.6 Million by the end of the forecast period.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 96.2 Million |
| Market Size 2032 | US$ 135.6 Million |
| Value CAGR (2022 to 2032) | 3.5 % |
| Collective Value Share: Top 3 Countries (2022E) | 25% to 30% |
Thymolphthalein is an indicator that can be used to determine whether a solution is basic or acidic. It has a transition range between 9.3 and 10.5 above this range, it turns blue, and below it, it is colorless. By using Friedel-Crafts alkylation, phthalic anhydride, and thymol can be mixed to produce thymolphthalein.
Ethyl alcohol (64-17-5) >99% and thymolphthalein (125-20-2) 0.04% are both ingredients used in the thymolphthalein indicator solution. The thymolphthalein indicator is a transparent, alcoholic liquid with a strong ethyl alcohol aroma that comes from the denatured ethyl alcohol it contains.
When denatured ethyl alcohol is added, the solution turns poisonous and becomes hazardous when consumed or inhaled. Because it contains ethyl alcohol, which has a flash point of 9 degrees Celsius, it is a flammable liquid. With peroxides, oxidizers, acids, acid anhydrides, ammonia, alkali metals, heat, moisture, and any other source of ignition, the solution reacts vigorously. Due to the increasing usage of this indicator in the pharmaceutical, coatings, and solvent industries the global thymolphthalein market is expected to have a modest CAGR in the forecast period.
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Over the period covered by the study (2016 to 2021), the market for thymolphthalein was recorded to grow at a phenomenal CAGR of 3.1 % between 2016 and 2021, mostly due to the increasing demand for solvent and indicators from chemical, pharmaceuticals, and coating industries
Whereas, as per the latest survey conducted by FMI, the thymolphthalein market is expected to progress at a CAGR of 3.5% between 2022 and 2032. Rising demand for a number of derivatives of thymolphthalein and their uses in the industries of wire enamels, pesticides, pharmaceuticals, and acrylic fibers are anticipated to bolster the global thymolphthalein market in the forecast period.
The usage of Thymolphthalein for chemical production.
Thymolphthalein is mostly utilized in the chemical industry as a disappearing ink or an indicator during chemical analysis. The indicators and reagents are the substance used for the identification, analysis, and detection of the biological, chemical, and physical processes or conditions.
The increasing usage of indicators during titration, chemical manufacturing, and the chemical process is expected to boost the demand for thymolphthalein.
Increasing demand from the Pharmaceutical industry.
Thymolphthalein is primarily used in the pharmaceutical sector as a chemical indicator during the production of a number of medicines and intermediates.
The increasing demand for chemicals used in the manufacturing of drugs is anticipated to significantly surge over the forecast period as these chemicals have high quality and grade and are used for the production of various tablets and medicine with amphoteric/acidic/alkaline medium thereby satisfying hospital standards. Expansion of the healthcare and pharmaceutical industry is expected to have a positive impact on the indicators over the forecast period.
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The solvent is the most preferred application segment due to rising demand from a variety of sectors such as paints and coating, pharmaceuticals, and agrochemicals. The solvent is a substance that is required to dissolve the substance or chemicals and converted to solutions, during this process to test the condition of the medium whether it is acidic or basic the indicators are used, owing to the growing demand for solvents the need for indicators is also increasing which is expected to bolster the market of thymolphthalein during the forecast period.
The chemical and agrochemicals industry uses solvents extensively in the form of products including ethanol, ketones, propanol, etc. The market is expected to grow at a faster rate in the near future owing to increasing demand for solvents.
North America is the leading Thymolphthalein consumer, holding the majority of shares approximately 40 to 45% in global revenue in 2022, owing to the growing demand for film and industrial solvents from end-use industries including coatings, pharmaceuticals, and chemicals. As the paints and coating manufacturers required solvents to avoid clumps and globs and to provide the desired consistency of the product the demand for thymolphthalein increased in the North American region.
The market is expected to expand at the fastest rate in the Asia Pacific. India and China have the fastest-growing end-use industries such as pharmaceuticals, chemicals, and agriculture. The increasing chemical production and application of thymolphthalein as an acid-base indicator mainly during the titration process of various chemicals is expected to be the major driver in the region.
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Product differentiation, mergers, and acquisitions are important activities used by chemical and solvent industry manufacturers to improve their profitability and foster industry growth in the near future.
A similar development has been tracked by Future Market Insights in its latest market study.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Tons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, End-Use Industry, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia Pacific; Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, BENELUX, China, Japan, South Korea, India, ASEAN Countries, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Companies Profiled | Chevron Phillips Chemical Company Llc; Nova Chemicals Corp; The Dow Chemical Company; Basf Corporation; BorsodChem; Braskem S.A.; Mitsui Chemicals; Mitsubishi Chemical Corp; Sigma-Aldrich Co. LLC; OCI Corp |
| Customization & Pricing | Available upon Request |
In 2022, the value of the global Thymolphthalein market reached over US$ 96.2 Million
During the forecast period, the global Thymolphthalein market is estimated to expand at a CAGR of 3.5% from 2022 to 2032.
The global Thymolphthalein market is projected to reach US$ 135.6 Million by the end of 2032.
The key players operating in the Thymolphthalein market are Chevron Phillips Chemical Company Llc, Nova Chemicals Corp, The Dow Chemical Company, Basf Corporation, Borsodchem, Braskem S.A., Mitsui Chemicals, Mitsubishi Chemical Corp, Sigma-Aldrich Co. LLC, OCI Corp, and various others.
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Thymolphthalein Market
