Market Overview:
The global P-hydroxybenzoic acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for P-hydroxybenzoic acid from various applications such as cosmetics, pharmaceuticals, liquid crystal polymer (LCP), and others. In addition, the growing awareness about the benefits of using P-hydroxybenzoic acid is also contributing to its growth in the market.
Product Definition:
P-hydroxybenzoic acid is a white crystalline powder with a slightly acidic taste. It is used as an intermediate in the manufacture of certain drugs and as a food additive.
Industrial Grade:
Industrial grade is a form of P-Hydroxybenzoic acid (PHA) which is widely used in the production of biodegradable plastics. It can be produced by chemical synthesis or fermentation. The industrial process for producing PHA involves an extraction step followed by hydrolysis and conversion into plastic pellets or granules, which are further transformed into high-quality PLA and other biopolymers through an injection molding process.
LCP Grade:
LCP grade is a high purity form of lactic acid that is used in the production of P-Hydroxybenzoic Acid (PHBA). LCP grade has 99.8% of lactic acid content and 0.2% water, making it one of the purest forms available in the market. It also has higher thermal stability as compared to other grades which makes it suitable for industrial applications such as polymerization and heat transfer fluids among others.
Application Insights:
The other application segment includes paints and coatings, rubber, plastics and elastomers (PE), inks and printing ink, adhesives and sealants. The global market for these applications was valued at USD 1.96 million in 2017 owing to the rising demand from various industries such as construction materials, automotive components manufacturing, etc. P-hydroxybenzoic acid is used as a preservative for the production of liquid crystal polymer (LCP) which is used in LCD televisions and computer monitors among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing per capita income in emerging countries, such as China, India, Thailand, and Indonesia. Furthermore, growing demand for personal care products due to rising disposable income is anticipated to drive the product demand over the forecast period.
Europe was valued at USD X million in 2017 and is projected to witness significant growth over the coming years on account of high consumer awareness regarding health & hygiene coupled with stringent regulations by various regulatory bodies pertaining towards manufacturing quality products within prescribed guidelines resulting into improved productivity which would ultimately result into increased production volumes along with it being a key raw material used across several industries including pharmaceuticals & cosmetics industry for manufacturing drugs as well as cosmetic formulations leading toward an upward trend impacting global P-hydroxybenzoic acid market positively.
Growth Factors:
- Increasing demand for P-hydroxybenzoic acid in pharmaceutical and cosmetic industries as a preservative and flavoring agent.
- Rising awareness about the benefits of P-hydroxybenzoic acid among consumers for its anti-inflammatory and antioxidant properties.
- Growing research on the potential therapeutic applications of P-hydroxybenzoic acid in various diseases such as cancer, diabetes, and Alzheimer's disease.
- Technological advancements that have led to the development of new methods for synthesizing P-hydroxybenzoic acid derivatives with improved properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
P-hydroxybenzoic Acid Market Research Report
By Type
Industrial Grade, LCP Grade
By Application
Cosmetics, Pharmaceutical, Liquid Crystal Polymer, Other
By Companies
Ueno Fine Chemicals, San Fu Chemical, Leuna Carboxylation Plant, Zhejiang Shengxiao, Jiangsu Bvco, Suqian 3E, Salicylates and Chemicals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global P-hydroxybenzoic Acid Market Report Segments:
The global P-hydroxybenzoic Acid market is segmented on the basis of:
Types
Industrial Grade, LCP Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cosmetics, Pharmaceutical, Liquid Crystal Polymer, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ueno Fine Chemicals
- San Fu Chemical
- Leuna Carboxylation Plant
- Zhejiang Shengxiao
- Jiangsu Bvco
- Suqian 3E
- Salicylates and Chemicals
Highlights of The P-hydroxybenzoic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- LCP Grade
- By Application:
- Cosmetics
- Pharmaceutical
- Liquid Crystal Polymer
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the P-hydroxybenzoic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
P-hydroxybenzoic acid is a type of organic compound that is found in many fruits and vegetables. It is also produced naturally by the body. P-hydroxybenzoic acid can help protect the skin from sun damage and promote healthy skin cells.
Some of the key players operating in the p-hydroxybenzoic acid market are Ueno Fine Chemicals, San Fu Chemical, Leuna Carboxylation Plant, Zhejiang Shengxiao, Jiangsu Bvco, Suqian 3E, Salicylates and Chemicals.
The p-hydroxybenzoic acid market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. P-hydroxybenzoic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. P-hydroxybenzoic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. P-hydroxybenzoic Acid Market - Supply Chain
4.5. Global P-hydroxybenzoic Acid Market Forecast
4.5.1. P-hydroxybenzoic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. P-hydroxybenzoic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. P-hydroxybenzoic Acid Market Absolute $ Opportunity
5. Global P-hydroxybenzoic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. P-hydroxybenzoic Acid Market Size and Volume Forecast by Type
5.3.1. Industrial Grade
5.3.2. LCP Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global P-hydroxybenzoic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. P-hydroxybenzoic Acid Market Size and Volume Forecast by Application
6.3.1. Cosmetics
6.3.2. Pharmaceutical
6.3.3. Liquid Crystal Polymer
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global P-hydroxybenzoic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. P-hydroxybenzoic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global P-hydroxybenzoic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. P-hydroxybenzoic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global P-hydroxybenzoic Acid Demand Share Forecast, 2019-2026
9. North America P-hydroxybenzoic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America P-hydroxybenzoic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America P-hydroxybenzoic Acid Market Size and Volume Forecast by Application
9.4.1. Cosmetics
9.4.2. Pharmaceutical
9.4.3. Liquid Crystal Polymer
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America P-hydroxybenzoic Acid Market Size and Volume Forecast by Type
9.7.1. Industrial Grade
9.7.2. LCP Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America P-hydroxybenzoic Acid Demand Share Forecast, 2019-2026
10. Latin America P-hydroxybenzoic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America P-hydroxybenzoic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America P-hydroxybenzoic Acid Market Size and Volume Forecast by Application
10.4.1. Cosmetics
10.4.2. Pharmaceutical
10.4.3. Liquid Crystal Polymer
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America P-hydroxybenzoic Acid Market Size and Volume Forecast by Type
10.7.1. Industrial Grade
10.7.2. LCP Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America P-hydroxybenzoic Acid Demand Share Forecast, 2019-2026
11. Europe P-hydroxybenzoic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe P-hydroxybenzoic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe P-hydroxybenzoic Acid Market Size and Volume Forecast by Application
11.4.1. Cosmetics
11.4.2. Pharmaceutical
11.4.3. Liquid Crystal Polymer
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe P-hydroxybenzoic Acid Market Size and Volume Forecast by Type
11.7.1. Industrial Grade
11.7.2. LCP Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectionsby Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe P-hydroxybenzoic Acid Demand Share, 2019-2026
12. Asia Pacific P-hydroxybenzoic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific P-hydroxybenzoic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific P-hydroxybenzoic Acid Market Size and Volume Forecast by Application
12.4.1. Cosmetics
12.4.2. Pharmaceutical
12.4.3. Liquid Crystal Polymer
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific P-hydroxybenzoic Acid Market Size and Volume Forecast by Type
12.7.1. Industrial Grade
12.7.2. LCP Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific P-hydroxybenzoic Acid Demand Share, 2019-2026
13. Middle East & Africa P-hydroxybenzoic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa P-hydroxybenzoic Acid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa P-hydroxybenzoic Acid Market Size and Volume Forecast by Application
13.4.1. Cosmetics
13.4.2. Pharmaceutical
13.4.3. Liquid Crystal Polymer
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa P-hydroxybenzoic Acid Market Size and Volume Forecast by Type
13.7.1. Industrial Grade
13.7.2. LCP Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa P-hydroxybenzoic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global P-hydroxybenzoic Acid Market: Market Share Analysis
14.2. P-hydroxybenzoic Acid Distributors and Customers
14.3. P-hydroxybenzoic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ueno Fine Chemicals
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. San Fu Chemical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Leuna Carboxylation Plant
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zhejiang Shengxiao
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jiangsu Bvco
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Suqian 3E
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Salicylates and Chemicals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook