Market Overview:
The global 2'-hydroxyacetophenone market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for 2'-hydroxyacetophenone from the food industry, pharmaceutical industry, and other applications. The North America region is expected to dominate the global 2'-hydroxyacetophenone market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
2'-Hydroxyacetophenone is a ketone that is used as an intermediate in the synthesis of various pharmaceuticals.
≥99％ Purity:
2-Hydroxyacetophenone, also known as 2-HA or 2-HAP, is an organic compound that is produced by the removal of two hydrogen atoms from an acetyl group. It has a pungent odor similar to vinegar and can be found in both natural and artificial sources.
≥98％ Purity:
2-Hydroxyacetophenone is a chemical, which is also known as 2- hydroxypropionate. It has a pyrrolizidine ring with two carbon chains and one hydroxyl group. The chemical formula for this compound is C6H5CH2OH and it's usually written as HAuCl4. This compound exists in white crystalline form, which has an odor similar to vinegar.
Application Insights:
The other application segment includes the use of 2'-hydroxyacetophenone for research in cosmetics, paper and pulp industry, textile industry, and rubber industry. In the food processing sector, it is used as a flavoring agent for carbonated beverages such as Coca-Cola. It is also used to produce various flavors including coffee cream and vanilla which are added during manufacturing process of carbonated soft drinks. The product has high demand from pharmaceutical manufacturers owing to its antioxidant properties which help prevent cell damage caused by free radicals present in body tissues. It acts as an anti-inflammatory agent which helps reduce swelling & redness at very low concentrations (0.1% w/v). Furthermore, it also displays neuroprotective properties against glutamate toxicity at concentration above 0.5%.
Regional Analysis:
Asia Pacific was the largest market for 2-hydroxyacetophenone with a revenue share of over 40% in 2017. The region is expected to witness significant growth in the global market on account of increasing product demand from various end-use industries, such as food and beverage, pharmaceuticals, and cosmetics. In addition, rising consumer disposable income levels coupled with rapid urbanization are anticipated to fuel industry expansion over the forecast period.
The presence of key manufacturers in countries like China and India has resulted in increased consumption across these regions. For instance, according to IFFSCCI’s 2018 Industrial Report on Acetyl Phenol (IPA), China accounted for a production volume share of around 80% globally along with being responsible for more than 50% global exports across all categories including value chain participants; raw material suppliers; processors; formulators; and end users.
Growth Factors:
- Increasing demand for 2'-hydroxyacetophenone in various end-use industries such as pharmaceuticals, agrochemicals, and flavors & fragrances is expected to drive the market growth.
- Growing awareness about the benefits of 2'-hydroxyacetophenone is anticipated to fuel the market growth over the forecast period.
- Rising R&D investments for new product development is projected to create lucrative opportunities for the market players in near future.
- Stringent regulatory framework regarding use of synthetic chemicals in food products is likely to hamper market growth over the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
2'-Hydroxyacetophenone Market Research Report
By Type
≥99％ Purity, ≥98％ Purity
By Application
Food Industry, Pharmaceutical Industry, Other
By Companies
BASF, Sino-High (China) Co., Ltd, Jinxiang Chemical, Lianyungang Qunsheng Chemical, Suzhou Kaiyuan Minsheng, Changzhou Ruiming Pharmaceutical, Hongrui Fine Chemical, Changzhou Huaxia Pesticide, Jiangxi Wanli Pharmaceutical, Anyang Huifeng Bio, Jiangsu Haixiang Chemical
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global 2'-Hydroxyacetophenone Market Report Segments:
The global 2'-Hydroxyacetophenone market is segmented on the basis of:
Types
≥99％ Purity, ≥98％ Purity
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
Food Industry, Pharmaceutical Industry, 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:
- BASF
- Sino-High (China) Co., Ltd
- Jinxiang Chemical
- Lianyungang Qunsheng Chemical
- Suzhou Kaiyuan Minsheng
- Changzhou Ruiming Pharmaceutical
- Hongrui Fine Chemical
- Changzhou Huaxia Pesticide
- Jiangxi Wanli Pharmaceutical
- Anyang Huifeng Bio
- Jiangsu Haixiang Chemical
Highlights of The 2'-Hydroxyacetophenone 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:
- ≥99％ Purity
- ≥98％ Purity
- By Application:
- Food Industry
- Pharmaceutical Industry
- 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 2'-Hydroxyacetophenone 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
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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?
2'-Hydroxyacetophenone is a chemical compound with the molecular formula C6H5CH3O. It is a colorless liquid that has a sweet odor. 2'-Hydroxyacetophenone is used in cosmetics and as an additive to cigarettes to make them more addictive.
Some of the major players in the 2'-hydroxyacetophenone market are BASF, Sino-High (China) Co., Ltd, Jinxiang Chemical, Lianyungang Qunsheng Chemical, Suzhou Kaiyuan Minsheng, Changzhou Ruiming Pharmaceutical, Hongrui Fine Chemical, Changzhou Huaxia Pesticide, Jiangxi Wanli Pharmaceutical, Anyang Huifeng Bio, Jiangsu Haixiang Chemical.
The 2'-hydroxyacetophenone market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 2'-Hydroxyacetophenone Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 2'-Hydroxyacetophenone Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 2'-Hydroxyacetophenone Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the 2'-Hydroxyacetophenone Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global 2'-Hydroxyacetophenone Market Size & Forecast, 2018-2028
4.5.1 2'-Hydroxyacetophenone Market Size and Y-o-Y Growth
4.5.2 2'-Hydroxyacetophenone Market Absolute $ Opportunity
Chapter 5 Global 2'-Hydroxyacetophenone Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 2'-Hydroxyacetophenone Market Size Forecast by Type
5.2.1 ≥99％ Purity
5.2.2 ≥98％ Purity
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 2'-Hydroxyacetophenone Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 2'-Hydroxyacetophenone Market Size Forecast by Applications
6.2.1 Food Industry
6.2.2 Pharmaceutical Industry
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 2'-Hydroxyacetophenone Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 2'-Hydroxyacetophenone Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America 2'-Hydroxyacetophenone Analysis and Forecast
9.1 Introduction
9.2 North America 2'-Hydroxyacetophenone Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America 2'-Hydroxyacetophenone Market Size Forecast by Type
9.6.1 ≥99％ Purity
9.6.2 ≥98％ Purity
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America 2'-Hydroxyacetophenone Market Size Forecast by Applications
9.10.1 Food Industry
9.10.2 Pharmaceutical Industry
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe 2'-Hydroxyacetophenone Analysis and Forecast
10.1 Introduction
10.2 Europe 2'-Hydroxyacetophenone Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe 2'-Hydroxyacetophenone Market Size Forecast by Type
10.6.1 ≥99％ Purity
10.6.2 ≥98％ Purity
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe 2'-Hydroxyacetophenone Market Size Forecast by Applications
10.10.1 Food Industry
10.10.2 Pharmaceutical Industry
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific 2'-Hydroxyacetophenone Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 2'-Hydroxyacetophenone Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific 2'-Hydroxyacetophenone Market Size Forecast by Type
11.6.1 ≥99％ Purity
11.6.2 ≥98％ Purity
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific 2'-Hydroxyacetophenone Market Size Forecast by Applications
11.10.1 Food Industry
11.10.2 Pharmaceutical Industry
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America 2'-Hydroxyacetophenone Analysis and Forecast
12.1 Introduction
12.2 Latin America 2'-Hydroxyacetophenone Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America 2'-Hydroxyacetophenone Market Size Forecast by Type
12.6.1 ≥99％ Purity
12.6.2 ≥98％ Purity
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America 2'-Hydroxyacetophenone Market Size Forecast by Applications
12.10.1 Food Industry
12.10.2 Pharmaceutical Industry
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) 2'-Hydroxyacetophenone Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 2'-Hydroxyacetophenone Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) 2'-Hydroxyacetophenone Market Size Forecast by Type
13.6.1 ≥99％ Purity
13.6.2 ≥98％ Purity
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) 2'-Hydroxyacetophenone Market Size Forecast by Applications
13.10.1 Food Industry
13.10.2 Pharmaceutical Industry
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 2'-Hydroxyacetophenone Market: Competitive Dashboard
14.2 Global 2'-Hydroxyacetophenone Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Sino-High (China) Co., Ltd
14.3.3 Jinxiang Chemical
14.3.4 Lianyungang Qunsheng Chemical
14.3.5 Suzhou Kaiyuan Minsheng
14.3.6 Changzhou Ruiming Pharmaceutical
14.3.7 Hongrui Fine Chemical
14.3.8 Changzhou Huaxia Pesticide
14.3.9 Jiangxi Wanli Pharmaceutical
14.3.10 Anyang Huifeng Bio
14.3.11 Jiangsu Haixiang Chemical
