Anthracene Oil Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Anthracene Oil Market Analysis :

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.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

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. 

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.

Key benefits of the report

• This study presents the analytical depiction of the global anthracene oil industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global market.
• The current market is quantitatively analyzed to highlight the anthracene oil market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global anthracene oil market research report:

• Which are the leading market players active in the global anthracene oil market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Anthracene Oil Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights