Global Phenylacetic Acid Market Growth 2023-2029

Global Phenylacetic Acid Market Growth 2023-2029

Phenylacetic acid (abr. PAA and synonyms are: α-toluic acid, benzeneacetic acid, alpha tolylic acid, 2-phenylacetic acid, β-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.
LPI (LP Information)' newest research report, the “Phenylacetic Acid Industry Forecast” looks at past sales and reviews total world Phenylacetic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Phenylacetic Acid sales for 2023 through 2029. With Phenylacetic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Phenylacetic Acid industry.
This Insight Report provides a comprehensive analysis of the global Phenylacetic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Phenylacetic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Phenylacetic Acid market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Phenylacetic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Phenylacetic Acid.
The global Phenylacetic Acid market size is projected to grow from US$ 70 million in 2022 to US$ 63 million in 2029; it is expected to grow at a CAGR of 63 from 2023 to 2029.
The major players in global Phenylacetic Acid market include Hebei Chengxin, Hebei Zehao Biotechnology, etc. The top 2 players occupy about 40% shares of the global market. China is the main market, and occupies about 90% of the global market. Pharmaceutical Grade PAA is the main type, with a share about 90%. Penicillin is the main application, which holds a share about 80%.
This report presents a comprehensive overview, market shares, and growth opportunities of Phenylacetic Acid market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Pharmaceutical Grade PAA
Chemical Grade PAA
Segmentation by application
Penicillin
Flavor and Fragrance
Pesticide
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hebei Chengxin
Hebei Zehao Biotechnology
White Deer
TUL
Alembic
Gow Chemical
Jinguan Chemical
SPI
Key Questions Addressed in this Report
What is the 10-year outlook for the global Phenylacetic Acid market?
What factors are driving Phenylacetic Acid market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Phenylacetic Acid market opportunities vary by end market size?
How does Phenylacetic Acid break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.