Market Overview:
The global 2,3,5-triiodo benzoic acid market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for soybean oil and other vegetable oils across the globe. Additionally, rising awareness about health and fitness is also propelling the demand for healthy cooking oils, which is further fueling the growth of this market. Based on type, below 97% 2,3,5-triiodo benzoic acid accounted for a major share of the global market in 2017. This segment is projected to grow at a CAGR of XX% during 2018-2030 owing to its low price as compared to other types of 2,3 5 triiodo benzoic acids available in the market. On account of its high quality and purity levels (above 99%), above 99% 2 3 5 triiodo benzoic acid segment is anticipated witness highest growth rate over next decade followed by 97%-99%. On basis application soybean oil used dominated with largest share in 2017 and it will continue same trend throughout forecast period due growing popularity especially among health conscious people who are looking for healthy cooking options . Peanut oil used held second place with significant revenue contribution followed by potato oil used .
Product Definition:
2,3,5-Triiodo Benzoic Acid is a compound that has been found to have anticancer properties.
Below 97% 2,3,5-Triiodo Benzoic Acid:
2,3,5-Triiodo Benzoic Acid is a form of thyroid hormone. It's molecular structure is similar to that of other iodine-based compounds such as 2,3-Diiodo Butyric Acid (DIBAL) and 2,4-diiodo Thyronine.
97%-99% 2,3,5-Triiodo Benzoic Acid:
2,3,5-Triiodo Benzoic Acid also known as IOTC or Triotene is a colorless and highly viscous liquid. Triotene when added to water soluble chemicals such as alcohols and phenols gives them an iodinated group.
Application Insights:
Soybean used was the largest application segment and accounted for a volume share of over 40.0% in 2017. The product is widely utilized as an additive in processed foods, bakery products, meat products, dairy products and beverages such as soy sauce, tempeh and tofu among others. Moreover 2,3-5 Triiodo Iodine also finds applications in nutritional supplements & medicines owing to its ability to treat thyroid disorders which are on rise due to increasing awareness about health & wellness among people globally.
Peanut used is expected to be the fastest growing application segment with a CAGR of XX% from 2018 to 2030 owing primarilyto high peanut butter consumption across the globe especially in North America region where majority of peanut butter manufacturers are based currently (U.S., Canada).
Regional Analysis:
Asia Pacific was the largest market for 2,3,5-triiodo benzoic acid and accounted for a revenue share of over 40% in 2016. The region is expected to continue its dominance over the forecast period owing to high demand from countries such as China and India. Increasing consumption of packaged food products along with rising consumer awareness regarding health & nutrition has led to an increase in product demand from these countries.
The Middle East & Africa is anticipated to be one of the fastest growing regions with CAGR exceeding 6% during the forecast period on account of increasing use in pharmaceuticals sector coupled with government support for promoting manufacturing activities within this region. In addition, growth potential offered by peanut crop which requires comparatively less processing compared to soybean or potato crops will further boost industry expansion over the next eight years.
Growth Factors:
- Increasing demand for 2,3,5-Triiodo Benzoic Acid in various end-use industries such as pharmaceuticals, agrochemicals and dyestuffs.
- Growing research and development activities for the application of 2,3,5-Triiodo Benzoic Acid in new products and processes.
- Rising production capacities of key manufacturers of 2,3,5-Triiodo Benzoic Acid across the globe.
- Expansion of global trade network for sourcing quality raw materials at competitive prices.
Scope Of The Report
Report Attributes
Report Details
Report Title
2,3,5-Triiodo Benzoic Acid Market Research Report
By Type
Below 97% 2,3,5-Triiodo Benzoic Acid, 97%-99% 2,3,5-Triiodo Benzoic Acid, Above 99% 2,3,5-Triiodo Benzoic Acid
By Application
Soybean Used, Peanut Used, Potato Used, Others
By Companies
CM Fine Chemicals, SUNMY Fine Chemical, Cuchem, Hongfa, Ziyan Chemical, Pandustry, Changzhou Jintan Huabang, Nacalai Tesque, Inc., Hangzhou Fanda Chemical Co., Ltd., Shanghai Xinglu Chemical Technology, CM Fine 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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global 2,3,5-Triiodo Benzoic Acid Market Report Segments:
The global 2,3,5-Triiodo Benzoic Acid market is segmented on the basis of:
Types
Below 97% 2,3,5-Triiodo Benzoic Acid, 97%-99% 2,3,5-Triiodo Benzoic Acid, Above 99% 2,3,5-Triiodo Benzoic Acid
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
Soybean Used, Peanut Used, Potato Used, Others
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:
- CM Fine Chemicals
- SUNMY Fine Chemical
- Cuchem
- Hongfa
- Ziyan Chemical
- Pandustry
- Changzhou Jintan Huabang
- Nacalai Tesque, Inc.
- Hangzhou Fanda Chemical Co., Ltd.
- Shanghai Xinglu Chemical Technology
- CM Fine Chemicals
Highlights of The 2,3,5-Triiodo Benzoic 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:
- Below 97% 2,3,5-Triiodo Benzoic Acid
- 97%-99% 2,3,5-Triiodo Benzoic Acid
- Above 99% 2,3,5-Triiodo Benzoic Acid
- By Application:
- Soybean Used
- Peanut Used
- Potato Used
- Others
- 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 2,3,5-Triiodo Benzoic 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
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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?
2,3,5-Triiodo Benzoic Acid is a organic compound with the molecular formula C6H5I. It is an acid that occurs naturally in small amounts in many fruits and vegetables.
Some of the major players in the 2,3,5-triiodo benzoic acid market are CM Fine Chemicals, SUNMY Fine Chemical, Cuchem, Hongfa, Ziyan Chemical, Pandustry, Changzhou Jintan Huabang, Nacalai Tesque, Inc., Hangzhou Fanda Chemical Co., Ltd., Shanghai Xinglu Chemical Technology, CM Fine Chemicals.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 2,3,5-Triiodo Benzoic Acid 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 2,3,5-Triiodo Benzoic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 2,3,5-Triiodo Benzoic Acid 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 2,3,5-Triiodo Benzoic Acid 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 2,3,5-Triiodo Benzoic Acid Market Size & Forecast, 2020-2028
4.5.1 2,3,5-Triiodo Benzoic Acid Market Size and Y-o-Y Growth
4.5.2 2,3,5-Triiodo Benzoic Acid Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Below 97% 2
5.2.2 3
5.2.3 5-Triiodo Benzoic Acid
5.2.4 97%-99% 2
5.2.5 3
5.2.6 5-Triiodo Benzoic Acid
5.2.7 Above 99% 2
5.2.8 3
5.2.9 5-Triiodo Benzoic Acid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Soybean Used
6.2.2 Peanut Used
6.2.3 Potato Used
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 2,3,5-Triiodo Benzoic Acid 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 2,3,5-Triiodo Benzoic Acid 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Below 97% 2
9.6.2 3
9.6.3 5-Triiodo Benzoic Acid
9.6.4 97%-99% 2
9.6.5 3
9.6.6 5-Triiodo Benzoic Acid
9.6.7 Above 99% 2
9.6.8 3
9.6.9 5-Triiodo Benzoic Acid
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 Market Size Forecast by Applications
9.10.1 Soybean Used
9.10.2 Peanut Used
9.10.3 Potato Used
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Below 97% 2
10.6.2 3
10.6.3 5-Triiodo Benzoic Acid
10.6.4 97%-99% 2
10.6.5 3
10.6.6 5-Triiodo Benzoic Acid
10.6.7 Above 99% 2
10.6.8 3
10.6.9 5-Triiodo Benzoic Acid
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 Market Size Forecast by Applications
10.10.1 Soybean Used
10.10.2 Peanut Used
10.10.3 Potato Used
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Below 97% 2
11.6.2 3
11.6.3 5-Triiodo Benzoic Acid
11.6.4 97%-99% 2
11.6.5 3
11.6.6 5-Triiodo Benzoic Acid
11.6.7 Above 99% 2
11.6.8 3
11.6.9 5-Triiodo Benzoic Acid
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 Market Size Forecast by Applications
11.10.1 Soybean Used
11.10.2 Peanut Used
11.10.3 Potato Used
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Below 97% 2
12.6.2 3
12.6.3 5-Triiodo Benzoic Acid
12.6.4 97%-99% 2
12.6.5 3
12.6.6 5-Triiodo Benzoic Acid
12.6.7 Above 99% 2
12.6.8 3
12.6.9 5-Triiodo Benzoic Acid
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 Market Size Forecast by Applications
12.10.1 Soybean Used
12.10.2 Peanut Used
12.10.3 Potato Used
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Below 97% 2
13.6.2 3
13.6.3 5-Triiodo Benzoic Acid
13.6.4 97%-99% 2
13.6.5 3
13.6.6 5-Triiodo Benzoic Acid
13.6.7 Above 99% 2
13.6.8 3
13.6.9 5-Triiodo Benzoic Acid
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) Market Size Forecast by Applications
13.10.1 Soybean Used
13.10.2 Peanut Used
13.10.3 Potato Used
13.10.4 Others
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 2,3,5-Triiodo Benzoic Acid Market: Competitive Dashboard
14.2 Global 2,3,5-Triiodo Benzoic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CM Fine Chemicals
14.3.2 SUNMY Fine Chemical
14.3.3 Cuchem
14.3.4 Hongfa
14.3.5 Ziyan Chemical
14.3.6 Pandustry
14.3.7 Changzhou Jintan Huabang
14.3.8 Nacalai Tesque, Inc.
14.3.9 Hangzhou Fanda Chemical Co., Ltd.
14.3.10 Shanghai Xinglu Chemical Technology
14.3.11 CM Fine Chemicals
