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Tert-Amylbenzene Market Growth Analysis | 2023-2028
Tert-Amylbenzene Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
Tert-amylbenzene is basically an intermediate in the production of hydrogen peroxide, and it also plays an important role in a very wide range of chemical processes.
The tert-amylbenzene market was estimated at USD 79.15 million in 2022.
The tert-amylbenzene market is likely to reach USD 106.68 million in 2028.
The tert-amylbenzene market is likely to grow at a CAGR of 5.07% during 2023-2028.
Increasing utilization in pharmaceuticals, chemical intermediaries and batteries, and growing usage of product as an electrolyte additive in manufacturing lithium-ion batteries are some of the key factors driving the growth of the market.
Alfa Aesar, Alfa Chemistry, Frontier Scientific, Inc., Hunan Jinxi Chemical Co. Ltd., Jiujiang Pro High Technology Materials Co., Ltd., Nippon Steel Chemical & Material Co., Ltd., Sigma-Aldrich, Solvay, TCI Chemicals, and Zhenjiang Haitong Chemical industry Co., Ltd are among the top players in the market.
North America is expected to be the leading market during the forecast period of 2023-28.
Batteries are expected to be the dominant application type in the market in the coming five years.
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