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City of Industry, CA -- (SBWIRE) -- 06/11/2018 -- This report studies the Anthranilic Acid market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Anthranilic acid, a white or yellowish solid powder, is an aromatic acid with the formula C6H4(NH2)(CO2H). It is also called 2-aminobenzoic acid or o-amino-benzoic acid and has been widely used as intermediates in the dye industries, medical industries and so on.
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Among those applications, dyes industry is the largest consumption field, which contributed 66.79% share in 2015 globally.
According to its manufacturing process, anthranilic acid usually takes phthalic anhydride as raw materials. There are also other manufacturing methods, however, the commercial feasibilities are not so ideal.
Asia is the major production base of anthranilic acid. China keeps its No.1 place in the global production market in recent years. In 2015, China produced about 20553 MT anthranilic acid, holding 74.95% share. In addition, some companies from India and Japan can also provide anthranilic acid to the market while manufacturers from European and USA are few.
As for consumption, since the largest application of anthranilic acid comes from dyes industry, this determines that Asia is the largest consumer of anthranilic acid undoubtedly. Global consumption volume of anthranilic acid was 27421 MT in 2015, while China consumed about 19027 MT anthranilic acid and other Asian regions absorbed 4154 MT.
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Considering its downstream industries, insiders estimate that the anthranilic acid industry will keep upward tendency in the coming years. The whole anthranilic acid market continues to be controlled by Asian regions.
The global Anthranilic Acid market was 120 million US$ in 2017 and is expected to 140 million US$ by the end of 2025, growing at a CAGR of 1.6% between 2018 and 2025.
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