A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Anthracene
Market. The
study, titled “Anthracene
Market: Global Industry Analysis, Size, Share, Growth Trends and
Forecast 2016 - 2023”,
is available for sale on the firm’s website.
Anthracene
is a colorless, polycyclic aromatic hydrocarbon (PAH) and a product
of coal tar, a by-product formed by carbonization of coal. It is used
in the production of dyes. Anthracene is converted into
anthroquinone, which is used in the manufacture of dyes. Anthracene
being an organic semiconductor is used as a luminescent material in
the detection equipment of high-energy photons, alpha particles, and
electrons. Polyvinyltoluene and other plastics are doped with
anthracene to create plastic luminescent material, which is ideal for
usage in dosimetry radiation therapy. Anthracene is also used in the
production of wood preservatives, coating materials, and
insecticides.
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Anthracene,
like most PAHs, is used to make luminescent material crystals and
smoke screens. Subsequently, it is also used in the production of
dyes, plastics, and pesticides. These luminescent material crystals
are known as scintillators. The function of a scintillator is to
produce luminescence when energized by ionizing radiations. Major
end-use industries involved in the consumption of anthracene include
electronic devices, textiles, coatings, and chemicals. Dyes and
coatings was a major end-user industry of the anthracene market,
accounting for substantial share in 2014. A similar trend is expected
to continue during the forecast period due to rising demand for
anthracene in the textile industry for the production of textile
dyes. Anthracene, which is used as a luminescent material in
scintillators, is expected to grow into a major market owing to its
utility in identifying situations such as radiation leaks. Post the
radiation leak in Japan, demand for proper radiation leak checking
equipment has been rising in nuclear reactor sites across the globe.
This is expected to propel the market for anthracene, which is used
as a luminescent material in scintillators. Unlike most PAHs,
anthracene is not a carcinogen. However, health advisories have
issued multiple notifications in support of avoiding direct
exposures. The European Union has issued a sanction for ban on all
PAHs in the region. This has been the only restraining factor for
anthracene in the past few years.
North
America is expected to be the strongest market for anthracene,
accounting for substantial share of the global demand. Growing
research and development activities related to anthracene
applications have proved to be a critical market driver in North
America. Europe was the second-largest market for anthracene in terms
of regional segmentation in the past few years. The market is likely
to stagnate in the region, exhibiting sluggish growth during the
forecast period due to recent sanctions imposed on PAHs by the
European Union. Asia Pacific is anticipated to witness extensive
growth in the next few years due to increasing demand for anthracene
in end-use industries such as textiles and chemicals. Furthermore,
presence of growing economies such as China and India is expected to
boost the market due to increased research in electronics in the
region. The market in Latin America is expected to witness steady
growth due to high demand for anthracene in end-user industries in
the region. The market in Middle East and Africa (MEA) is also
anticipated to witness growth, especially in growing economies such
as South Africa and countries in GCC.
Some
of the key companies involved in the anthracene market include Fisher
Scientific, Anward, CHEMOS GmbH & Co. KG, Santa Cruz
Biotechnology, Inc., Amadis Chemical, Haihang Industry Co., Ltd.,
Vitas-M Laboratory Ltd, RÜTGERS Group, and Tokyo Chemical Industry
Co., Ltd.
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to view Sample Report:
The
report has been compiled through extensive primary research (through
interviews, surveys, and observations of seasoned analysts) and
secondary research (which entails reputable paid sources, trade
journals, and industry body databases). The report also features a
complete qualitative and quantitative assessment by analyzing data
gathered from industry analysts and market participants across key
points in the industry’s value chain.
A
separate analysis of prevailing trends in the parent market, macro-
and micro-economic indicators, and regulations and mandates is
included under the purview of the study. By doing so, the report
projects the attractiveness of each major segment over the forecast
period.
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