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Global Anthracene Market to Grow at a Healthy Rate During 2020-2025, Aided the Rising Adoption of the Product in Nuclear Reactor Sites

According to a new report by EMR titled, 'Global Anthracene Market Report and Forecast 2020-2025', the global market for anthracene is being aided by the growth of the coal tar industry, which is projected to grow at a CAGR of 2% in the forecast period of 2020-2025 to reach USD 18 billion by 2025.

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.

Market Analysis by Application and Region:

  • The anthracene industry, on the basis of application, is divided into electronic devices, coatings, dye and pigment, and pesticides, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for anthracene is driven by the inflating disposable incomes of the population.
  • The product is used extensively in the development of smoke screens and luminescent material crystals. 
  • The growing demand for the product from the application sectors is aiding the market growth.
  • Moreover, the thriving dyes and coatings sector is supporting the growth of the anthracene industry. 
  • The product is also used in the production of scintillators, which are used in the identification of radiation leaks. The market is growing since it gained momentum post Japan’s radiation leak.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for anthracene for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the applications and regional markets of anthracene. 
  • It gives an in-depth look at the regional price trends in the global market for anthracene.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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