Thymolphthalein Market Estimated to Record Highest CAGR by 2026

Global Thymolphthalein market: Overview

Thymolphthalein is an indicator to detect the acidic and basic nature of any solution and has a transition range between 9.3-10.5, above this range the indicator turns blue and below this range it is colorless. Thymolphthalein can be formulated from phthalic anhydride and thymol by Friedel-Crafts alkylation. Thymolphthalein indicator solution includes Ethyl alcohol (64-17-5) >99%, and Thymolphthalein (125-20-2) 0.04%. The thymolphthalein indicator is an alcoholic and clear solution, having an odour as that of ethyl alcohol and contains denatured ethyl alcohol. The addition of denatured ethyl alcohol makes the solution poisonous and thus becomes toxic by inhalation and ingestion. It is a flammable liquid due to the content of ethyl alcohol, having a flash point of 9 degree Celsius. The solution is highly reactive and reacts vigorously with peroxides, oxidizers, acids, acid anhydrides, ammonia, alkali metals, heat, moisture and any other source of ignition. It is quite toxic to human body and causes headache, irritant, dizziness, nausea if exposed to humans, and it mainly targets the human organs like liver, eyes, nerves and kidneys. The global thymolphthalein market is expected to have a modest CAGR in the forecast period.

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Global Thymolphthalein Market: Drivers and Restrains

The ever increasing industry of solvents, fibres and pesticides, and the increasing use of thymolphthalein in various applications in these industries is a major driving factor for global thymolphthalein market. The number of derivatives of thymolphthalein and their uses in the industries of wire enamels, pesticides, pharmaceuticals, acrylic fibres is anticipated to bolster the global thymolphthalein market in the forecast period.

However, the ill effects on humans and animals due to the exposure of thymolphthalein is anticipated to slowdown the growth of global thymolphthalein market. And the handling issues related with the thymolphthalein indicator solution is also anticipated to the hamper the growth of global thymolphthalein market.

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Global Thymolphthalein Market: Segmentation

On the basis of applications, the global thymolphthalein market can be segmented as follows:

  • Polymer fibres
  • Surface coatings
  • Processing of acrylic fibres
  • Industrial solvent
  • Films
  • Others

On the basis of end user industry, the global thymolphthalein market can be segmented as follows:

  • Pharmaceuticals
  • Pesticides
  • Chemicals
  • Solvents
  • Others

Global Thymolphthalein Market: Region-Wise Outlook

The global thymolphthalein market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. Asia Pacific is the market leader in the global thymolphthalein market due to its ever increasing pharmaceuticals industry. North America is the next major contributor in the global thymolphthalein market owing to its growing solvent and films industry and is projected to have a healthy CAGR in the forecast period. Europe is following Asia Pacific and North America in terms of the market share in the global thymolphthalein market because of its surging automobiles industry and surface coatings industry. Latin America is also witnessing a growing market of global thymolphthalein market due to the flourishing pharmaceuticals and chemicals industry in this region. Middle East and Africa are at a nascent stage in the global thymolphthalein market and is expected to have a decent CAGR in the forecasted period.

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Global Thymolphthalein Market: Key Players

Some of the key players in the global thymolphthalein market are as follows:

  • Chevron Phillips Chemical Company Llc
  • Nova Chemicals Corp
  • The Dow Chemical Company
  • Basf Corporation
  • Borsodchem
  • Braskem S.A.
  • Mitsui Chemicals
  • Mitsubishi Chemical Corp
  • Sigma-Aldrich Co. LLC
  • OCI Corp

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