Carbolic Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Carbolic Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

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Carbolic oil, also called middle oil, is a fraction obtained in coal-tar distillation primarily containing tar acids and, sometimes, naphthalene. Coal tar is a complex mixture of condensable organic components, emerging from coal carbonization. During fractionation of the coal tar, the carbolic oil fraction is separated and contains 30–35 wt% phenolic components. Carbolic oil is treated with diluted caustic soda to extract the phenols as sodium phenolate salts. The aqueous phenolate solution is then treated with carbon dioxide to liberate the phenols from the salts. This crude phenol fraction from carbolic oil consists of phenol, cresols, and xylenols.  A new process, called micelle extraction, is proposed for the recovery of phenols from carbolic oil by extraction. The solubility of anionic surfactants in aqueous form is used. The effectiveness of the single-stage extraction is determined depending on the type of substance and its concentration.  

On the basis of application, the carbolic oil market can be segmented into extraction of phenol, and pyridine bases. Extraction of phenol is an important segment of the application of carbonic oil as phenol is used in various industries. Approximately, two-third of the total phenol produced globally is used to prepare reagents consumed in the plastic manufacturing industry. Phenol is also used in the study and extraction of bio-molecules. Phenol finds application in molecular biology in the extraction of nucleic acids from tissue samples. Phenol is also used in the cosmetic industry in the manufacturing of sunscreens, skin lightening creams, and hair coloring solutions. Simultaneous extraction of bases and phenols for carbolic oil is done by using methanol-water mixture and hexane as solvents. The common phenol hydroquinone is the component of photograph developer that reduces the exposed silver bromide crystals to black metallic silver. Other substitutions of phenol are used in the dye industry to manufacture intensely colored azo dyes. Mixtures of phenols, especially cresols, are used as components in wood preservatives such as creosote. Thus, usage of carbolic oil in the production of phenol makes it a diverse chemical, thereby rendering the extraction of phenol an important application segment.

The phenol industry is the driver of the carbolic oil market. Usage of carbolic acid in the extraction of phenol makes it a propelling factor of the carbolic oil market. Usage of phenol in a wide range of industries is estimated to boost the carbonic oil market.

Based on geography, the carbolic oil market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific constituted the largest market share of the carbolic oil market. In Asia Pacific, China has emerged as the dominant region for the carbolic oil market and is considered to be the major country for the carbolic oil market in Asia Pacific region. Furthermore, China and India have been driving the regional carbonic oil market owing to the increase in consumption of carbolic acid in manufacturing of industrial products. North America and Europe are expected to have a steady growth during the forecasted period. The carbonic oil market in Europe and North America is projected to expand at a steady pace owing to stringent government norms to use this product as it is toxic and harmful to the environment.

Key manufacturers of carbolic oil are Industrial Química del Nalón, Shanghai HaiChagn Petroleum Equipment Co. Ltd., Hindustan Chemicals & Almn. Industries, and chinagtchem.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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