Para-tert-Octylphenol Market Trends

Growth Drivers

• Growth in Demand for Printing Ink for Paper - With the surge in demand for paper, the need for inks for printing is also growing. Even though with the growing age of digitalization, the importance of notebooks and paper still remains the same. Additionally, with the surge in the number of literate people and also geriatric population the demand for newspapers and magazines is also boosting. Moreover, the rate of printing papers has been increased. For instance, In India writing and printing (W&P) paper prices have risen as of August 10, giving the printing sector some hope that rates, which dropped by about 24% in June and July, have peaked out. Hence, with the surge in the printing industry, the para-tert-Octylphenol (POTP) market is also poised to surge.
• Surge in Use as Chemical Intermediary of Para-tert-Octylphenol for Phenolic Resin - The importance of para-tert-Octylphenol is growing in phenolic resin rigorously. Hence, with the surge in demand for phenolic resin, the market demand is also set to rise. Phenolic resin is used as a UV stabilizer in plastics in order to enhance stability and reduce weathering by UV radiations. Therefore, with the growing production of plastics, the market is further set to rise. In 2021, an astonishing 389 million metric tons of plastics were produced globally.
• Provide Strong Resistivity to Marine Applications - Untreated rust may weaken a vessel's structural integrity and is a typical occurrence on poorly maintained ships and boats. The increase in the number of corrosive organisms and the chemical breakdown of exposed surfaces are both influenced by the salt in the air and water of oceanic bodies. Even outside forces may contribute to corrosion by harming ships and allowing the forces access to previously enclosed regions. Marine corrosion may render electronic parts and wiring worthless if they are exposed to seawater. Hence, the need to paint marine applications has become a necessity. As a result, of the increasing demand for special paint in marine applications, the market revenue is also anticipated to increase.

Challenges

• Adverse Effect on Para-tert-Octylphenol on Environment & Humans – Para-tert-Octylphenol has been observed to have side effects on living organisms and humans. In the case of humans, it interferes with the endocrine system further causing hormonal imbalances and reproduction issues. Additionally, they are also found in water bodies affecting the aquatic ecosystem. Further, it also disrupts food cycles further increasing the risk for humans and animals who consume that contaminated organism. Hence, all these factors are projected to affect the para-tert-Octylphenol (POTP) market growth over the coming years.
• Strict Regulations of Government – A large number of companies are imposing huge restrictions on the utilization of para-tert-Octylphenol since they have various effects on health and ecosystem. Therefore, the market growth is set to impede owing to this factor.
• Availability of Alternatives