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Anthracene is a colorless, polycyclic aromatic hydrocarbon (PAH). It is produced as a by-product during the carbonization of coal. Anthracene is converted into anthroquinone, which is extensively used in the manufacture of dyes. Being an organic semiconductor, anthracene exhibits fluorescence under UV radiation, and thus is used as a luminescent material for detecting high-energy protons or electrons or other particles. Plastics such as polyvinyltoluene are doped with anthracene to produce plastic-based luminescent material that is ideal for using in dosimetry radiation therapy. Moreover, due to its unique chemical characteristics, anthracene is used in making wood preservatives, insecticides, and coating materials.
Increase in industrialization and consumption of specialty chemicals across all industries have significantly contributed toward the growth of the global anthracene oil market. The dye industry is the major consumer of anthracene oil, as it is used to manufacture red dye alizarin and other dyes. Anthracene oi is used to prepare needle coke, which is further utilized as an electric steel fumace. Anthracene acts as a feedstock for a wide variety of other products such as high-density coal-based jet fuel. Carbon black produced from anthracene oil is further used for manufacturing asphalt blend oil, fuel oil, and carbazole crude oil. Anthracene oil is further used in drinking water, exhaust emission, ambient air, smoke of cigars, and cigarettes and in smoked food and edible aquatic organisms. Owing to its wide range of applications in the chemical market, the global anthracene market is expected to witness rapid growth.Â
However, the chemical industry is highly fragmented, and a number of competitors operate in the market, which might prove to be a restraining factor for the global anthracene market.
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Anthracene Oil Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Indian Oil Corporation, Wacker Chemie AG, Henan Hengji Refining Co., Marathon Petroleum Corporation, JX Nippon Oil & Energy Corp., Calumet Specialty Products Partners, Sasol, Phillips 66, Royal Dutch Shell, PetroChina |
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