Report Overview
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The global treated distillate aromatic extract (TDAE) market size was USD 816 million in 2021. As per our research, the market is expected to reach USD 1031.2 million by 2027, exhibiting a CAGR of 3.4% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the treated distillate aromatic extract (TDAE) market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Treated Distillate Aromatic Extract (TDAE) is a type of rubber processing oil with high aromatic content. It is produced by distilling and treating petroleum residues to remove impurities and improve its properties. TDAE is a clear, amber-coloured liquid with a mild odour. It is non-toxic and environmentally friendly.
Treated distillate aromatic extract (TDAE) is a versatile and important material with a wide range of applications. It is expected to play an increasingly important role in the future as the global economy grows and the demand for sustainable materials increases.
COVID-19 Impact: Pandemic decreased the Market Demand due to Supply Chain Disruptions
The COVID-19 pandemic has had a significant impact on the treated distillate aromatic extract (TDAE) market share. The COVID-19 pandemic had a negative impact on the market in the short term. The pandemic caused disruptions to supply chains and manufacturing operations, which led to shortages of treated distillate aromatic extract (TDAE) and other petrochemical products. Additionally, the pandemic led to a decline in demand for treated distillate aromatic extract (TDAE) from key industries such as automotive and construction. The pandemic caused disruptions to global supply chains, making it difficult for treated distillate aromatic extract (TDAE) manufacturers to obtain raw materials and transport their products to customers. This led to shortages of TDAE and other petrochemical products. The pandemic also caused disruptions to manufacturing operations at TDAE plants. Many plants were forced to operate at reduced capacity or even shut down completely due to lockdowns and social distancing measures. This further reduced the supply of TDAE. The pandemic also led to a decline in demand for TDAE from key industries such as automotive and construction. The automotive industry was particularly hard hit, as car sales plummeted during the pandemic. The construction industry was also impacted, as many projects were delayed or cancelled due to the pandemic.
Latest Trends
"Growing Interest in the Use of TDAE in New Applications is expected to Fuel the Market Growth "
TDAE can be used to modify asphalt by improving its durability, flexibility, and resistance to cracking. This is because treated distillate aromatic extract (TDAE) is a highly aromatic oil that is rich in resins and asphaltenes. These resins and asphaltenes help to bind the asphalt together and make it more resistant to wear and tear. Treated distillate aromatic extract (TDAE)-modified asphalt is often used in high-traffic areas, such as highways and airports. It is also used in cold climates, where it can help to prevent asphalt from cracking due to frost heave. TDAE can also be used to produce biofuels, such as biodiesel and ethanol. TDAE is a good feedstock for biofuel production because it is a high-energy hydrocarbon that is relatively easy to convert into biodiesel and ethanol. Biodiesel is a clean-burning fuel that can be used in diesel engines. Ethanol is a renewable fuel that can be blended with gasoline. The use of TDAE in asphalt modification and biofuel production is a relatively new development, but it is a promising area of research. TDAE has the potential to improve the performance of asphalt and biofuels, while also reducing their environmental impact.
Segmentation
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- By Type Analysis
According to type, the market can be segmented into High Sulphur TDAE and Low Sulphur TDAE.
- By Application Analysis
Based on age, the market can be divided into Passenger Car Tyre and Commercial Car Tyre.
Driving Factors
"Increasing Demand for Tires to Foster the Market Growth"
Tires are the largest consumer of TDAE, and the increasing demand for vehicles is expected to drive the demand for tires in the coming years. The global population is expected to reach 9.7 billion by 2050, which will lead to an increase in the demand for vehicles and tires. The middle class in emerging markets is growing rapidly, and this is leading to an increase in the demand for vehicles and tires. The world is becoming increasingly urbanized, and this is leading to an increase in the demand for vehicles and tires. Many governments around the world are promoting the use of electric vehicles, which also require tires. The increasing demand for tires is driving the demand for TDAE because TDAE is a key ingredient in tire production. TDAE is used to make tires more durable, wear-resistant, and fuel-efficient.
"Increasing Demand for Roofing Materials to Result in the Expansion of the Market"
TDAE is used in a variety of roofing materials, such as asphalt shingles and membranes. The increasing demand for new construction and the need to repair existing roofs is expected to drive the demand for roofing materials in the coming years. The global population is expected to reach 9.7 billion by 2050, which will lead to an increase in the demand for housing and roofing materials. The world is becoming increasingly urbanized, and this is leading to an increase in the demand for housing and roofing materials. Many governments around the world are promoting the use of sustainable roofing materials, such as asphalt shingles made with recycled materials. The increasing demand for roofing materials is driving the demand for TDAE because TDAE is a key ingredient in the production of many roofing materials. TDAE is used to make roofing materials more durable, water-resistant, and fire-resistant.
Restraining Factor
"Market Fragmentation to hamper the market growth"
The TDAE market is fragmented because there are a large number of manufacturers competing for market share. The market is also relatively new, with many new manufacturers entering the market in recent years. There is a high degree of product differentiation in the TDAE market. Different manufacturers offer different types of TDAE products with different properties and performance characteristics. This product differentiation makes it difficult for new manufacturers to enter the market and compete with established manufacturers.
Regional Insights
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"Asia Pacific to lead the market owing to Rapid Economic Growth. "
The Asia Pacific region has shown the highest treated distillate aromatic extract (TDAE) market growth. The region is experiencing rapid economic growth, which is driving the demand for TDAE from a variety of industries, such as construction, automotive, and packaging. Asia Pacific region is also becoming increasingly urbanized, which is leading to an increase in the demand for TDAE for use in asphalt modification and roofing materials.
Key Industry Players
"Key Players Are Employing Advanced Technologies In Order To Stimulate Further Growth Of The Market"
All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.
List of Market Players Profiled
- H&R (US)
- Nynas (Sweden)
- Total (France)
- CPC (Taiwan)
- IRPC (Thailand)
- CNOOC (China)
- Shandong Tianyuan Chemical (China)
- ATDM (China)
- Suzhou Jiutai (China)
Report Coverage
This report examines an understanding of the treated distillate aromatic extract (TDAE) market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 816 Million in 2021 |
Market Size Value By |
US$ 1031.2 Million by 2027 |
Growth Rate |
CAGR of 3.4% from 2021 to 2027 |
Forecast Period |
2021-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the treated distillate aromatic extract (TDAE) market expected to touch by 2027?
The treated distillate aromatic extract (TDAE) market is expected to touch USD 1031.2 million by 2027.
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What CAGR is the treated distillate aromatic extract (TDAE) market expected to exhibit during 2021-2027?
The treated distillate aromatic extract (TDAE) market is expected to exhibit a CAGR of 3.4% over 2021-2027.
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Which are the driving factors of the Treated distillate aromatic extract (TDAE) market?
The driving factors of the Treated distillate aromatic extract (TDAE) market are increasing demand for tires and increasing demand for roofing materials
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Which are the top companies operating in the Treated distillate aromatic extract (TDAE) market?
The top companies operating in the Treated distillate aromatic extract (TDAE) market are H&R, Nynas, Total, CPC, IRPC, CNOOC, Shandong Tianyuan Chemical, ATDM, Suzhou Jiutai