Nonylphenol Market - Forecast(2021 - 2026)
Nonylphenol market is forecast to reach $1.6 billion by 2026, after growing at a CAGR of 5.8% during 2021-2026, owing to the increasing usage of nonylphenol in various end-use industries. Nonylphenol is also further processed in order to produce nonylphenol ethoxylates (NPE), which is extensively used in various applications. In addition, it is also used in the production of phenolic resins and epoxy. The growing population and expanding textiles and leather, polymers, and metals industry are the prime growth drivers of the nonylphenol market. The functioning of the apparel and textile industry in different regions has been impeded due to the national lockdown and the coronavirus (COVID-19) pandemic. As a result of the coronavirus outbreak, supply chains, logistics operations, and the availability of workers have suffered to a large extent due to moderate impairment of the functioning of the apparel and textile industry. As nonylphenol is usually used in the apparel and textile indust...