Universal p-Cymene Market to Reach USD 83.78 Million by 2027 says TMRResearch

Universal p-Cymene Market to Reach USD 83.78 Million by 2027 says TMRResearch

The global production of p-Cymene increased from 8256 Ton in 2016 to 9239 Ton in 2020, at a CAGR of 2.85%
from 2016 to 2020. In 2020, the global p-Cymene market is led by China, USA is the second-largest
region-wise market. As for the consumption market, the growth rate of global consumption is relatively smooth and it’s said by tmrresearch which is owned by themarketreports.com company.

The global p-Cymene (CAS: 99-87-6) market was valued at USD 57.30 million in 2020 and is expected to
reach USD 83.78 million by the end of 2027, growing at a CAGR of 4.89% during 2021-2027.
At present, Natural p-Cymene is the most widely used Turpentine oil, the main raw material required for
production, which is obtained from pine resin collected from pine trees through distillation and processing.
Its production has a strong seasonality. The cyclical characteristics also exacerbate the occurrence of this
phenomenon.
Geographically, China is the largest consumer market of p-Cymene, also one of the largest p-Cymene
producers in the world, China owned 29.32% share in the global consumption market in 2020, consumption
volume was 2709 Ton. The follower is USA, with the consumption volume of 1970 Ton in 2020, accounting
for 21.32% sales share in 2020.
The COVID-19 epidemic has greatly affected normal international trade and resource circulation, and it has
also caused a huge impact on the chemical industry with a highly subdivided industrial chain. Chemical
Manufacturing enterprises are greatly affected by the epidemic, and automated production lines and
workers are reworked after isolation at home to a certain extent, reducing the impact of the epidemic.
However, chemical manufacturing enterprises are contrary to the living environment required by the
epidemic, and the industry’s production environment will also be affected to a certain extent. With the
global epidemic pandemic, the isolation and restricted flow policies generally adopted by various countries
affect the transportation of chemicals and other materials, and the continuity of production of related
companies will be greatly affected.
From a financial point of view, chemical companies should focus on cash and debt to survive the crisis,
ensure that they have solvency for customers and suppliers, and control costs.

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