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Global Carbolic Oil Market growing at a CAGR of 4.2% from 2023 to 2030

Category : Materials And Chemicals | Published Date : Sep 2023

Key Market Overview

Consegic Business Intelligence analyzes that the carbolic oil market is predicted to grow at a compound annual growth rate of 4.2% from 2023 to 2030 and is expected to reach USD 438.14 million in 2030 which was valued at USD 315.60 million in 2022.

The report highlights the increasing adoption of carbolic oil in the extraction of phenol, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the carbolic oil market.

Global Carbolic Oil Market By Overview

Global Carbolic Oil Market

The Carbolic oil market is bifurcated into application and end-use industry. Based on application, the market is segmented into pharmaceutical ingredients (API), extraction of phenol, pyridine bases, and others segment. In 2022, pharmaceutical ingredients (API) dominate the overall carbolic oil market. The end-use industry segment is categorized into chemical, healthcare, oil and gas, and others. In 2022, the chemical segment accounted for the highest market share in the carbolic oil market.

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Market Dynamics

Driver:

 

  • The increasing demand for carbolic oil in personal care products is propelling market growth.
  • The growing demand for carbolic oil in the extraction of phenol is accelerating market growth.

 

Restraints:

  • The toxicity of carbolic oil on human health restrains the market growth.

Market Segmentation:

Report Attributes Report Details
By Application Pharmaceutical Ingredient (API), Extraction of Phenol, Pyridine Bases, and Others
By End-Use Industry Chemical, Healthcare, Oil and Gas, and Others
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The market is dominated by certain major companies such as Jining Chenguang Coal Chemical CO. Ltd., Chinagtchem, DEZA a. s., Elkem, KUMHO P&B CHEMICALS, and Hindustan Organic Chemicals Limited, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the carbolic oil market is expected to witness substantial growth in the coming years due to the increasing demand for carbolic oil in various applications in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.

  • Jining Chenguang Coal Chemical CO. Ltd.
  • Chinagtchem
  • DEZA a. s.
  • Elkem
  • KUMHO P&B CHEMICALS
  • Hindustan Organic Chemicals Limited.
  • INDUSTRIAL QUIMICA DEL NALON
  • Shanghai HaiChagn Petroleum Equipment Co., Ltd.
  • Rain Industries Limited