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The anthracene industry has gained momentum after the radiation leak in Japan, which affected millions of lives. Since then, anthracene has been in use to detect situations associated with radiation leak in the nuclear reactor sites across the world. This, in turn, is expected to provide impetus to the anthracene industry, which is used as a luminescent material in scintillators.
The market for anthracene is being driven by the growing demand for electronics. It is further expanding due to aggressive competition among the key players. Amazon.com (NASDAQ: AMZN), an e-commerce site, is facilitating the growth of the anthracene industry, by providing a virtual platform with an extensive range of electronic devices that can be delivered quickly at home. In addition to this, the growing population and rising disposable incomes are boosting the demand for electronic devices due to enhanced affordability. There is an emerging trend within the younger consumers to buy mobiles and laptops for entertainment as well as employability, which is further enhancing the demand for electronics, and in turn, propelling the growth of the anthracene industry.
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Merck KGaA, Tokyo Chemical Industry Co., Ltd., Santa Cruz Biotechnology, Inc., Haihang Industry Co., Ltd., and Anward, among others, are the key players in the global anthracene market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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