Structure Directing Agents Market - Regional Analysis
North American Market Insights
Structure directing agents market in the North America industry is estimated to account for largest revenue share of 30% by 2035. For a number of reasons, the market in North America is anticipated to rise steadily in the upcoming years. Firstly, several significant end-use sectors, including petrochemicals, construction, and the automotive industry, are concentrated in the region and are projected to have a significant impact on the demand for structure-directing agents. An important part of the American economy is the construction sector. In the first quarter of 2023, there were over 919,000 construction establishments in the United States. Each year, the industry generates structures valued at around USD 2.1 trillion and employs 8.0 million people. The area is also known for its sophisticated and well-established chemical sector, which places a major emphasis on research and development. This is anticipated to stimulate product development and innovation in the market for structure directing agents, resulting in the launch of novel and cutting-edge goods.
APAC Market Insights
Structure directing agents market in Asia Pacific region is attributed to hold 25% of the revenue share by the end of 2035. The growth of the market in this region is due to the region's rapid growth in zeolite, chemical, and other related catalysts. Furthermore, the supply and pricing of structure directing agents benefit by the existence of significant market players in the area. Moreover, a notable pace of growth for the structure directing agents market is because of the existence of a robust chemical hub in nations like Indonesia, Malaysia, Thailand, India, and Thailand.
