Global P-Toluenesulfonic Acid Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global P-Toluenesulfonic Acid Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

P-Toluenesulfonic Acid is a colorless, clear, or dark-colored liquid or a colorless, crystalline (sand-like) material. It is a corrosive, toxic, solid, strong organic acid used in the manufacture of pesticide, pharmaceuticals, and other chemicals.

Market Overview:

The latest research study on the global P-Toluenesulfonic Acid market finds that the global P-Toluenesulfonic Acid market reached a value of USD 218.55 million in 2022. It’s expected that the market will achieve USD 329.45 million by 2028, exhibiting a CAGR of 7.08% during the forecast period.

Population Aging Trends

P-toluenesulfonic acid is widely used in the synthesis of pharmaceuticals, such as doxycycline. The increasing degree of population aging and the advancement of urbanization drive the pharmaceutical application of P-Toluenesulfonic Acid to maintain growth. With the continuous change of the spectrum of human diseases, the continuous increase of the total population, the increasing degree of aging in various countries, the acceleration of urbanization and the further improvement of the medical insurance system, the pharmaceutical industry has maintained a steady growth. Due to the weak resistance of the elderly population, the risk of bacterial infection is higher, so the increase in the proportion of the elderly population will gradually increase the prevalence of residents, driving the development of the P-Toluenesulfonic Acid industry.

Affected by raw materials price fluctuations

Raw material costs account for a relatively high proportion of the company's product costs, and raw material price fluctuations have a greater impact on the company's product costs. The raw materials required for the company's production are mainly petrochemical products such as toluene and sulfuric acid, and their price changes are highly correlated with fluctuations in international crude oil prices. Affected by the COVID-19 epidemic and the war between Russia and Ukraine, raw material prices continue to rise. If the company fails to absorb the impact of rising prices through cost control measures and product price adjustments, it will lead to a decline in the gross profit margin of the company's products, which in turn will have an adverse impact on the company's operating performance.

Region Overview:

In 2021, the share of the P-Toluenesulfonic Acid market in United States stood at 20.39%.

Company Overview

The major players operating in the P-Toluenesulfonic Acid market include Stepan, Lianyungang Ningkang Chemical Co., Ltd, Konan Chemical Manufacturing Co., Ltd., Henan Newland Pharmaceutical Co.,Ltd., Nanjing Ningkang Chem, etc. Among which, Stepan ranked top in terms of sales and revenue in 2022.

Stepan is a major global manufacturer of specialty and intermediate chemicals used in a broad range of industries.

Lianyungang Ningkang Chemical Co., Ltd was founded in 2007. It is located in Lingang Industrial Park, Guanyun County, Lianyungang, P. R. China. Lianyungang Ningkang Chemical Co., Ltd have invested to build the largest production facility of p-toluene sulfonic acid (18,000MT/a). Production facilities of 3000MT/a m,p-cresol, 3000MT/a o-cresol, 1000MT/a 2,4-xylenol, 10,000MT/a butylated hydroxytoluene and 2000MT/a glycidyl methacrylate have also been built.

Segmentation Overview:

Among different product types, less than 93% segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Others segment occupied the biggest share from 2017 to 2022.

Key Companies in the global P-Toluenesulfonic Acid market covered in Chapter 3:

Nanjing Ningkang Chem
Zu-Lon Industrial Co., Ltd.
Stepan
Changshu Yuxin Chemical Co.,ltd.
Kao Koan Enterprise
Konan Chemical Manufacturing Co., Ltd.
Henan Newland Pharmaceutical Co.,Ltd.
BRAVO CHEMICAL CO., LTD.
Lianyungang Ningkang Chemical Co., Ltd
Shunfuyuan Chem

In Chapter 4 and Chapter 14.2, on the basis of types, the P-Toluenesulfonic Acid market from 2018 to 2029 is primarily split into:

less than 93%
94%-97%
bigger than 97%

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the P-Toluenesulfonic Acid market from 2018 to 2029 covers:

Coating
Pesticide
Pharmaceuticals
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)