Anthracene Market: Global Industry Analysis and Forecast (2023-2029) by Purity, Application, and Region

Anthracene Market size was valued at US$ 319.32 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 4.1% from 2022 to 2029, reaching nearly US$ 423.04 Mn.
Anthracene Market Overview:
Anthracene Market is expected to reach US$ 390.38 Mn. by 2029. Anthracene is a tricyclic aromatic hydrocarbon that can be found in coal tar and is used as a starting material for dyestuffs and scintillation counters. This report focuses on the different segments of the Anthracene market (Purity, Application, and Region). This report examines the major industry players and regions in depth (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough study of today's rapid improvements across many industries. Facts and numbers, visualisations, and presentations are used to present the primary data analysis for the historical period from 2017 to 2020. The market drivers, restraints, opportunities, and challenges for Anthracene are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Anthracene market.To know about the Research Methodology :- Request Free Sample Report
Anthracene Market Dynamics:
Patients with cancer are becoming more common.

In the production of anticancer medicines, the anthracene-9,10-dione (anthraquinone) derivatives are particularly useful. Medicinal chemists have been drawn to anthracycline antibiotics since their discovery because of their excellent antitumor potency. Anthraquinone-based medicines like as doxorubicin, mitoxantrone, and more recently epirubicin, idarubicin, and valrubicin have been successfully employed in the treatment of haematological and solid malignancies. Cancer is one of the top causes of mortality worldwide, according to the World Health Organization (WHO). According to 2022 data, this resulted in 9.6 million deaths worldwide, with around 68,778 deaths in Argentina. In addition, cancer deaths are expected to increase globally, reaching 13.1 million by 2030. As the number of cancer patients rises, so will the demand for anti-cancer drugs, driving the Anthracene market growth during the forecast period.

Demand from the agriculture industry is on the rise.

Herbicides, insecticides, and fungicides containing anthracene are widely used in agriculture. The global population is steadily rising. With the world's population continually increasing, enough crops must be grown each year to feed everyone. Pesticides like herbicides, insecticides, and fungicides help crops get the nutrients they need to develop and produce more. Pesticides are used widely during crop production to boost crop output within the same amount of arable lands and provide crops with sufficient nutrients. Demand from the agriculture industry is on the rise.

The agricultural crop output in Italy climbed from 51,046 million EUR (US$57.6 billion) in 2017 to 51,465.8 million EUR (US$57.8 billion) in 2022. This is according to the European Commission. The US Department of Agriculture (USDA) estimates that the US produced 227.6 million hundredweight (cwt) of rough rice in 2022, up 23 percent from 2022. Pesticide demand is rising in response to rising crop production, which is driving the anthracene market in the agriculture sector.

Anthracene Poses a Wide Range of Risks.

Anthracene can be detrimental to the health if ingested through contaminated air. Anthracene is on the Occupational Safety and Health Administration's (OSHA) Hazardous Substance List. The lungs are first and foremost harmed when someone inhales it. There is a considerable chance of breathing anthracene and polycyclic aromatic hydrocarbons (PAH) if a person works at a hazardous waste site where PAHs are disposed of (PAH). It can also enter the body through food and beverages. There is a threat of exposure when a person's skin comes into touch with creosote, roofing tar, heavy oils, or coal tar, as well as polluted soil containing PAHs. The polycyclic aromatic hydrocarbon (PAH) can spread and target fat tissues once inside the human body. The human body's kidneys, liver, and adipose tissues may be impacted. It can impair people's health if they are exposed to it since it irritates their eyes, skin, and respiratory tract. It can also create fire and explosion when exposed to the environment. As a result, the market for anthracene is expected to be hampered by these risks.
Anthracene Market Segment Analysis:
The Anthracene Market is segmented by Purity and Application.

Based on the Application, the market is segmented into Wood Preservatives, Pesticides, Plasticizers, Drugs, Dyes & Coatings, Electronics, Scintillators, and Others. Dyes & Coatings segment is expected to hold the largest market share of xx% by 2029. Because of the rising demand for anthracene, which is used to make conformal coatings, and alizarin, a red dye. Anthracene is colourless in nature, but when exposed to ultraviolet light, it fluoresces blue. As a result, it's utilised to make the red dye alizarin and coatings. Anthracene is often used as a UV tracer in printed circuit board conformal coatings.

UV inspection of the conformal coating is possible due to the anthracene tracer. It is one of the most important feedstocks for the manufacture of anthraquinones. Vat dyes are a type of water-insoluble dye that can be quickly converted to a water-soluble, usually colourless leuco form that may be easily impregnated into fibres and fabrics. In the manufacturing of vat dyes, anthraquinone is a common and important raw ingredient. Brightness and quickness are two of their most distinguishing traits. And anthracene's widespread use in the dyes and coatings sector is expected to boost the anthracene market growth during the forecast period.
Anthracene Market Regional Insights:
The Asia Pacific region is expected to dominate the Anthracene Market during the forecast period 2022-2029. The Asia Pacific region is expected to hold the largest market share of xx% by 2029. This is due to the region's thriving textile and printed circuit board industries, which is driving up anthracene demand in the region. The textile and apparel market in India was worth US$108.5 billion in 2015, and is estimated to grow at US$226 billion by 2023, with a compound annual growth rate of 8.7% from 2015 to 2023. The Indian government is pushing the production and use of printed circuit boards in the country. Many projects have been launched, including 'Make in India,' 'Digital India,' and others. The administration intends to encourage manufacturers to set up more local plants in the country by easing the tax regime and decreasing bureaucratic barriers. This is expected to have a major positive influence on global supply for printed circuit boards. As a result, the anthracene market in Asia-Pacific is expected to grow due to rising demand for textiles and printed circuit boards in the region over the forecast period.

The objective of the report is to present a comprehensive analysis of the Global Anthracene Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Anthracene Market dynamic and structure by analyzing the market segments and projecting the Global Anthracene Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Anthracene Market make the report investor’s guide.
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Anthracene Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 319.32 Mn.


Forecast Period 2023 to 2029 CAGR:
4.1%
Market Size in 2029:
US $ 423.04 Mn.


 Segments Covered:
by Purity
• ?98%
• ?99%


by Application
• Wood Preservatives
• Pesticides
• Plasticizers
• Drugs
• Dyes & Coatings
• Electronics
• Scintillators
• Others



Anthracene Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Anthracene Market Key Players
• Fisher Scientific
• Tokyo Chemical Industry Co., Ltd.
• Anward
• CHEMOS GmbH & Co. KG
• Vitas-M Laboratory Ltd.
• Santa Cruz Biotechnology, Inc.
• Haihang Industry Co., Ltd.
• Amadis Chemical
• RÜTGERS Group.
• Aparna Carbons Private Limited
• Raipur Tar Products
• Deepak Petrochem LTD
• Coal Chem
• Choudhary Tar and Chemicals
• M/S Amichem Research Lab LLP

Frequently Asked Questions:

1. Which region has the largest share in Global Anthracene Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Anthracene Market?
Ans: The Global Anthracene Market is growing at a CAGR of 4.1% during forecasting period 2023-2029.

3. What is scope of the Global Anthracene Market report?
Ans: Global Anthracene Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Anthracene Market?
Ans: The important key players in the Global Anthracene Market are – Fisher Scientific, Tokyo Chemical Industry Co., Ltd., Anward, CHEMOS GmbH & Co. KG, Vitas-M Laboratory Ltd., Santa Cruz Biotechnology, Inc., Haihang Industry Co., Ltd., Amadis Chemical, RÜTGERS Group., Aparna Carbons Private Limited, Raipur Tar Products, Deepak Petrochem LTD, Coal Chem, Choudhary Tar and Chemicals, M/S Amichem Research Lab LLP

5. What is the study period of this Market?
Ans: The Global Anthracene Market is studied from 2022 to 2029.