Carbolic Oil Market Size, Share & Industry Analysis, By Application (Extraction of Phenol, Pyridine Bases, Pharmaceutical, Household, Other) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105213 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Carbolic oil is also known as middle oil. It is a fraction, which is obtained via coal-tar distillation that typically contains naphthalene and tar acids. Whereas, the mixture of coal tar is produced from coal carbonization and condensable organic components. It consists of aromatic, hydrocarbons, phenolic, and aromatic nitrogen compounds. Additionally, carbolic oil is the oldest antiseptic agent. The chemical derivatives of carbolic oil are used for the production of various detergents, pharmaceutical drugs, herbicides, polycarbonates, and nylon. The carbolic oil also finds its use in the extraction of phenol and pyridine bases.

The increasing demand for carbolic oil in the extraction of phenol and the pharmaceutical industry will fuel market growth. Carbolic oil is the key ingredient that is used in the extraction of phenol. Whereas, the extracted phenol finds its high use in the cosmetics industry. It is mainly utilized in primer, sunscreen lotion, hair colouring, and skin lightening creams. Also, traditionally the carbolic oil was highly utilized in the household in order to prevent snake infestation. This further makes it a sustainable choice in the pharmaceutical industry. Hence. The increasing demand for the product in these applications will fuel the carbolic oil market growth during the forecast timeline.

However, poison occurs when carbolic oil is directly inhaled or touched, which further causes hazardous impacts on people. This restricts its adoption in various applications and is anticipated to hamper the market growth.

Key Market Driver -

The rising demand for carbolic oil in the extraction of phenol and pharmaceutical industry to drive the market growth.

Key Market Restraint -

Hazardous impacts of carbolic oil to restrict the market growth

Market Segmentation:

Based on application, the carbolic oil market is segmented into extraction of phenol, pyridine bases, pharmaceutical, household, and other. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The key players in the carbolic oil market include NalonChem, DEZA a. s., Jining Carbon Group, Shandong Gude Chemical, Elkem ASA, KUMHO P&B CHEMICALS.,INC, Rain Industries Limited, and STAN CHEM.

Key Insights

Key Emerging Trends – For Major Countries

Key Developments: Mergers, Acquisition, Partnership, etc.

Latest Technological Advancement

Insights on Regulatory Scenarios

Porters Five Forces Analysis

Regional Analysis:

Asia Pacific is anticipated to witness the highest growth in the carbolic oil market. The growth is attributed to the rising demand for the product in countries such as China and India. Further, the increasing adoption of the product in the pharmaceutical industry will propel the market growth in this region. The higher adoption of extracted phenol in the cosmetic industry will fuel sustainable growth in North America. The increasing use of the product in the pyridine bases will provide market growth in Europe. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of carbolic oil in the household application.

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Segmentation

ATTRIBUTES	DETAILS
By Application	Extraction of Phenol Pyridine Bases Pharmaceutical Household Other
By Geography	North America (U.S. and Canada) Europe (UK, Germany, France, Italy, Spain, and Rest of Europe) Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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