Market Overview:
The global 2,4,5-trifluorobenzoic acid market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for pharmaceutical intermediates and organic synthesis. North America is expected to dominate the global 2,4,5-trifluorobenzoic acid market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
2,4,5-Trifluorobenzoic acid is a trifluoromethyl derivative of benzoic acid. It is used as a reagent in organic synthesis and has been investigated as a potential drug candidate for the treatment of cancer.
98% Purity:
98% Purity is a chemical substance that has more than 98% of the stated substance. It's used as an intermediate in the production of pharmaceuticals, agrochemicals, and other industrial chemicals. 2,4,5-trifluorobenzoic acid is one such product that is manufactured using this chemical as a raw material.
99% Purity:
99% purity 2,4,5-trifluorobenzoic acid is a white crystalline solid.
It has applications in pharmaceuticals as an intermediate for manufacturing antibiotics and other pharmaceutical products.
Application Insights:
The other application segment includes pharmaceutical intermediates and organic synthesis. The 2,4,5-trifluorobenzoic acid market by application is segmented into perfumes and cosmetics; pharmaceutical intermediates; and other applications including in the production of dyes, plastics additives, herbicides/pesticides derivatives (insecticides), metal working fluids (fluid), rubber processing Fluorenzine A & B CFCs.
Pharmaceutical intermediates are anticipated to be one of the fastest-growing segments over the forecast period owing to increasing demand for fluorene as a raw material in drug manufacturing. It is used as an intermediate chemical in producing several medicines such as paracetamol (Tylenol) which has a global market value of USD billion annually.
Regional Analysis:
Asia Pacific was the largest regional market for 2,4,5-trifluorobenzoic acid in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand from various end-use industries such as pharmaceuticals and cosmetics. The presence of a large number of manufacturers coupled with low production costs in countries like China and India are some major factors responsible for this trend.
The growth in Europe can be attributed to growing demand from organic synthesis applications along with an increase in R&D activities by several multinational companies based there. Moreover, high government spending on healthcare sector is also anticipated to drive product demand over the next eight years. North America market growth can be attributed mainly to pharmaceutical intermediates application segment due which U S has a strategic position along with Mexico’s proximity towards Canada & United States makes it one of the prominent manufacturing hubs for this product across all regions globally.
Growth Factors:
- Increasing demand for 2,4,5-Trifluorobenzoic Acid in agrochemical and pharmaceutical industries as a precursor to various drugs and herbicides.
- Growing popularity of fluorinated compounds in various industrial applications such as solvents, plasticizers, etc.
- Rising concerns over environmental pollution and the need for sustainable alternatives to traditional chemicals is expected to boost the demand for 2,4,5-Trifluorobenzoic Acid in the near future.
- Technological advancements that have led to development of new production processes are likely to fuel the growth of this market in years to come.
- 4,5-Trifluorobenzoic Acid market over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
2,4,5-Trifluorobenzoic Acid Market Research Report
By Type
98% Purity, 99% Purity
By Application
Pharmaceutical Intermediates, Organic Synthesis, Other
By Companies
Zhejiang Jitai New Materials, Zhejiang Xieshi New Materials, Zhejiang Zhongxin Fluorine Materials, Zhejiang Yongtai Technology, Changzhou Ansciep Chemical, Zhejiang Jitai New Materials
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global 2,4,5-Trifluorobenzoic Acid Market Report Segments:
The global 2,4,5-Trifluorobenzoic Acid market is segmented on the basis of:
Types
98% Purity, 99% 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
Pharmaceutical Intermediates, Organic Synthesis, 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:
- Zhejiang Jitai New Materials
- Zhejiang Xieshi New Materials
- Zhejiang Zhongxin Fluorine Materials
- Zhejiang Yongtai Technology
- Changzhou Ansciep Chemical
- Zhejiang Jitai New Materials
Highlights of The 2,4,5-Trifluorobenzoic 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:
- 98% Purity
- 99% Purity
- By Application:
- Pharmaceutical Intermediates
- Organic Synthesis
- 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 2,4,5-Trifluorobenzoic 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
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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?
2,4,5-Trifluorobenzoic acid is a chemical compound with the formula C6F5O4. It is a white solid that is soluble in water and most organic solvents. The compound has no known uses as of 2019.
Some of the major companies in the 2,4,5-trifluorobenzoic acid market are Zhejiang Jitai New Materials, Zhejiang Xieshi New Materials, Zhejiang Zhongxin Fluorine Materials, Zhejiang Yongtai Technology, Changzhou Ansciep Chemical, Zhejiang Jitai New Materials.
The 2,4,5-trifluorobenzoic acid market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 2,4,5-Trifluorobenzoic 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 2,4,5-Trifluorobenzoic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 2,4,5-Trifluorobenzoic 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 2,4,5-Trifluorobenzoic 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 2,4,5-Trifluorobenzoic Acid Market Size & Forecast, 2018-2028
4.5.1 2,4,5-Trifluorobenzoic Acid Market Size and Y-o-Y Growth
4.5.2 2,4,5-Trifluorobenzoic Acid Market Absolute $ Opportunity
Chapter 5 Global 2,4,5-Trifluorobenzoic Acid 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 2,4,5-Trifluorobenzoic Acid Market Size Forecast by Type
5.2.1 98% Purity
5.2.2 99% Purity
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 2,4,5-Trifluorobenzoic Acid 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 2,4,5-Trifluorobenzoic Acid Market Size Forecast by Applications
6.2.1 Pharmaceutical Intermediates
6.2.2 Organic Synthesis
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 2,4,5-Trifluorobenzoic 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 2,4,5-Trifluorobenzoic 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 2,4,5-Trifluorobenzoic Acid Analysis and Forecast
9.1 Introduction
9.2 North America 2,4,5-Trifluorobenzoic Acid 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 2,4,5-Trifluorobenzoic Acid Market Size Forecast by Type
9.6.1 98% Purity
9.6.2 99% 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 2,4,5-Trifluorobenzoic Acid Market Size Forecast by Applications
9.10.1 Pharmaceutical Intermediates
9.10.2 Organic Synthesis
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 2,4,5-Trifluorobenzoic Acid Analysis and Forecast
10.1 Introduction
10.2 Europe 2,4,5-Trifluorobenzoic Acid 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 2,4,5-Trifluorobenzoic Acid Market Size Forecast by Type
10.6.1 98% Purity
10.6.2 99% 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 2,4,5-Trifluorobenzoic Acid Market Size Forecast by Applications
10.10.1 Pharmaceutical Intermediates
10.10.2 Organic Synthesis
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 2,4,5-Trifluorobenzoic Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 2,4,5-Trifluorobenzoic Acid 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 2,4,5-Trifluorobenzoic Acid Market Size Forecast by Type
11.6.1 98% Purity
11.6.2 99% 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 2,4,5-Trifluorobenzoic Acid Market Size Forecast by Applications
11.10.1 Pharmaceutical Intermediates
11.10.2 Organic Synthesis
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 2,4,5-Trifluorobenzoic Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America 2,4,5-Trifluorobenzoic Acid 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 2,4,5-Trifluorobenzoic Acid Market Size Forecast by Type
12.6.1 98% Purity
12.6.2 99% 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 2,4,5-Trifluorobenzoic Acid Market Size Forecast by Applications
12.10.1 Pharmaceutical Intermediates
12.10.2 Organic Synthesis
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) 2,4,5-Trifluorobenzoic Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 2,4,5-Trifluorobenzoic Acid 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) 2,4,5-Trifluorobenzoic Acid Market Size Forecast by Type
13.6.1 98% Purity
13.6.2 99% 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) 2,4,5-Trifluorobenzoic Acid Market Size Forecast by Applications
13.10.1 Pharmaceutical Intermediates
13.10.2 Organic Synthesis
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 2,4,5-Trifluorobenzoic Acid Market: Competitive Dashboard
14.2 Global 2,4,5-Trifluorobenzoic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zhejiang Jitai New Materials
14.3.2 Zhejiang Xieshi New Materials
14.3.3 Zhejiang Zhongxin Fluorine Materials
14.3.4 Zhejiang Yongtai Technology
14.3.5 Changzhou Ansciep Chemical
14.3.6 Zhejiang Jitai New Materials
