City of Industry, CA -- (SBWire) -- 11/23/2018 --This study focuses on the production side and consumption side of Phenylacetic Acid, presents the global Phenylacetic Acid market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.In terms of production side, this report researches the Phenylacetic Acid capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Phenylacetic Acid by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.Phenylacetic acid (abr. PAA and synonyms are: ?-toluic acid, benzeneacetic acid, alpha tolylic acid, 2-phenylacetic acid, ?-phenylacetic acid) is an organic compound containing a phenyl functional group and a carboxylic acid functional group. It is a white solid with a disagreeable odor. Because it is used in the illicit production of phenylacetone (used in the manufacture of substituted amphetamines), it is subject to controls in countries including the United States and China.
Phenylacetic acid has a high concentration. The top three companies account for more than 78.86 % of market share. Hebei Chengxin, Hebei Zehao Biotechnology and TUL are the tycoons of phenylacetic acid. Hebei Chengxin is the largest manufacturer, with the market share of 38.30% in 2015.
In terms of application, phenylacetic acid can be applied in penicillin industry, flavor and fragrance industry, pesticide industry and other. Penicillin industry accounted for the largest market with about 82.60% of the global consumption for phenylacetic acid in 2015.
The Phenylacetic Acid market was valued at 79 Million US$ in 2017 and is projected to reach 75 Million US$ by 2025, at a CAGR of -0.7% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Phenylacetic Acid.
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This report includes the following manufacturers; we can also add the other companies as you want.
Hebei Chengxin
Hebei Zehao Biotechnology
White Deer
TUL
Alembic
Gow Chemical
Jinguan Chemical
SPI
Market Segment by Product Type
Pharmaceutical Grade PAA
Chemical Grade PAA
Market Segment by Application
Penicillin
Flavor and Fragrance
Pesticide
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Phenylacetic Acid Market Top Trends, Drivers, Growth Forecast and Capacity Analysis, 2018-2025
Phenylacetic Acid Market