Global Carbolic Oil Market to Reach USD 438.14 Million by 2030 | CAGR of 4.2%
Category : Materials And Chemicals | Published Date : Nov 2024 | Type : Press Release
Carbolic Oil Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Global Carbolic Oil Market size was valued at USD 315.60 million in 2022 and is projected to register a CAGR of 4.2%, reaching USD 438.14 million by 2030. Carbolic oil, a dark liquid obtained from coal tar distillation, contains hydrocarbons and phenolic compounds. It is extensively used as a raw material in chemical production, serving applications in pharmaceuticals, insecticides, and household cleaning products.
The report comprises the Carbolic Oil Market Share, Size & Industry Analysis, By Application (Pharmaceutical Ingredient (API), Extraction of Phenol, Pyridine Bases, Others), By End-Use Industry (Chemical, Healthcare, Oil and Gas, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Carbolic Oil Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing demand for carbolic oil in personal care products and phenol extraction are key drivers, with expanding household applications presenting growth opportunities.
Segmental Analysis :
By Application:
- Pharmaceutical Ingredient (API) held the largest market share in 2022, supported by carbolic oil's role as a raw material in drug formulations and antiseptics.
- Extraction of Phenol is expected to grow fastest, with phenol derived from carbolic oil being used in cosmetics and industrial products.
By End-Use Industry:
- The chemical segment dominated in 2022, driven by carbolic oil's use in the synthesis of resins, dyes, and specialty chemicals.
- Healthcare is anticipated to grow rapidly, leveraging carbolic oil's antiseptic properties for disinfectants and infection control.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- Asia-Pacific led the market in 2022, with high usage in the chemical and pharmaceutical sectors in countries like China and India.
- North America is projected to see significant growth due to rising investments in infrastructure and demand in industrial applications.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 438.14 Million |
| CAGR (2023-2030) | 4.2% |
| By Application | Pharmaceutical Ingredient (API), Extraction of Phenol, Pyridine Bases, Others |
| By End-Use Industry | Chemical, Healthcare, Oil and Gas, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, chemical manufacturers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Carbolic Oil Industry:
- Jining Chenguang Coal Chemical CO. Ltd.
- Chinagtchem
- DEZA a. s.
- Elkem
- KUMHO P&B CHEMICALS
- Hindustan Organic Chemicals Limited.
- INDUSTRIAL QUIMICA DEL NALON
- Shanghai HaiChagn Petroleum Equipment Co., Ltd.
- Rain Industries Limited
Recent Industry Developments :
- November 2021: Elkem launched a new antifoam solution for drilling fluids, enhancing its presence in oil and gas and industrial markets by reducing foam and improving process safety.
