Market Overview:
The global N-Benzylniacin 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 N-Benzylniacin from pharmaceutical and electroplating intermediate applications. Additionally, rising investments by key players in R&D activities are also expected to fuel the growth of the global N-Benzylniacin market during the forecast period. On the basis of type, Pharmaceutical Grade segment is projected to account for a major share of revenue in 2018 and is estimated to register a CAGR of 5.8% over the forecast period. This can be attributed to its growing demand from pharmaceutical applications across different regions globally.
Product Definition:
N-Benzylniacin is an organic compound that belongs to the group of compounds called vitamin B3. It is used as a dietary supplement and has been shown to be beneficial in the treatment of various medical conditions, including diabetes, high blood pressure and heart disease.
Pharmaceutical Grade:
Pharmaceutical grade is a term used for the products that are manufactured according to the standards set by pharmaceutical companies. Pharmaceutical grade drugs have been approved by the Food and Drug Administration (FDA) for human consumption. The FDA has established regulations regarding manufacturing, packaging, labeling, storage & distribution of these drugs which are strictly followed by manufacturers & suppliers across the globe.
Chemical Grade:
Chemical grade is a term used for the quality of chemicals that are manufactured and sold to consumers as pharmaceutical or fine chemical products. The global chemical industry is expected to grow over the forecast period owing to increasing demand from various end-use industries such as agriculture, textiles, detergents, paints & coatings and plastics among others. Chemical manufacturers sell their products directly through their websites or use third party distribution channels such as wholesalers and retailers.
Application Insights:
The global N-benzylniacin market is segmented by application into pharmaceutical, electroplating intermediate and other applications. The other applications include food additive, herbicides and pesticides. The pharmaceutical application dominated the overall industry in terms of revenue share at over 60% in 2017 owing to extensive usage as an antibiotic for the treatment of bacterial infections.
The product has been used extensively as a substitute for penicillin due to its broader spectrum of activity against a wider range of microorganisms including streptococcus pneumoniae, staphylococcus Aureus and Haemophilus influenzae among others which makes it highly effective against various diseases caused due to these bacteria such as meningitis, ear infection & sinusitis among others which have high unmet needs globally.
Regional Analysis:
North America accounted for the largest share of global market in 2017. The region is expected to maintain its dominance over the forecast period as well due to presence of a large number of manufacturers and end-users coupled with high disposable income and growing demand for pharmaceutical grade products. Moreover, increasing R&D activities by major companies is contributing towards development of new products that will drive growth further.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to rising product demand from end-use industries such as chemical, agrochemical, pharmaceuticals and electroplating intermediate applications in emerging countries such as China, India Japan & South Korea (CIJK). In addition, favorable regulatory framework pertaining to N-benzylniacin production may also contribute towards regional market expansion over the coming years. Increasing awareness regarding health benefits associated with nutraceuticals along with growing middle class population base in these countries will boost overall consumption levels during this time frame.
Growth Factors:
- Increasing demand for N-Benzylniacin in various end-use industries such as pharmaceuticals, agrochemicals, and others is expected to drive the growth of the market during the forecast period.
- Growing research and development activities for new applications of N-Benzylniacin is projected to fuel the growth of the market over the next few years.
- Rising awareness about benefits offered by N-Benzylniacin is anticipated to boost its demand in various end user industries in coming years.
- The increasing use of N-Benzylniacin as a precursor for manufacturing other compounds is likely to propel its demand in near future. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
N-Benzylniacin Market Research Report
By Type
Pharmaceutical Grade, Chemical Grade
By Application
Pharmaceutical, Electroplating Intermediate, Other
By Companies
Mahavir Expochem Ltd., Jiangsu Haixiang, Wuhan Aohua Surface Engineering Co. , Ltd., Ningbo Samreal Chemical Co.,Ltd., Changzhou Yinghao Pharm Co.,Ltd.
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global N-Benzylniacin Market Report Segments:
The global N-Benzylniacin market is segmented on the basis of:
Types
Pharmaceutical Grade, Chemical 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
Pharmaceutical, Electroplating Intermediate, 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:
- Mahavir Expochem Ltd.
- Jiangsu Haixiang
- Wuhan Aohua Surface Engineering Co. , Ltd.
- Ningbo Samreal Chemical Co.,Ltd.
- Changzhou Yinghao Pharm Co.,Ltd.
Highlights of The N-Benzylniacin 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:
- Pharmaceutical Grade
- Chemical Grade
- By Application:
- Pharmaceutical
- Electroplating Intermediate
- 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 N-Benzylniacin 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?
N-Benzylniacin is a type of benzylpenicillin antibiotic. It is used to treat infections caused by certain types of bacteria.
Some of the major companies in the n-benzylniacin market are Mahavir Expochem Ltd., Jiangsu Haixiang, Wuhan Aohua Surface Engineering Co. , Ltd., Ningbo Samreal Chemical Co.,Ltd., Changzhou Yinghao Pharm Co.,Ltd..
The n-benzylniacin 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 N-Benzylniacin 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 N-Benzylniacin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 N-Benzylniacin 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 N-Benzylniacin 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 N-Benzylniacin Market Size & Forecast, 2020-2028
4.5.1 N-Benzylniacin Market Size and Y-o-Y Growth
4.5.2 N-Benzylniacin 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 Pharmaceutical Grade
5.2.2 Chemical Grade
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 Pharmaceutical
6.2.2 Electroplating Intermediate
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global N-Benzylniacin 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 N-Benzylniacin 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 Pharmaceutical Grade
9.6.2 Chemical Grade
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 Pharmaceutical
9.10.2 Electroplating Intermediate
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 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 Pharmaceutical Grade
10.6.2 Chemical Grade
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 Pharmaceutical
10.10.2 Electroplating Intermediate
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 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 Pharmaceutical Grade
11.6.2 Chemical Grade
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 Pharmaceutical
11.10.2 Electroplating Intermediate
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 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 Pharmaceutical Grade
12.6.2 Chemical Grade
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 Pharmaceutical
12.10.2 Electroplating Intermediate
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) 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 Pharmaceutical Grade
13.6.2 Chemical Grade
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 Pharmaceutical
13.10.2 Electroplating Intermediate
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 N-Benzylniacin Market: Competitive Dashboard
14.2 Global N-Benzylniacin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mahavir Expochem Ltd.
14.3.2 Jiangsu Haixiang
14.3.3 Wuhan Aohua Surface Engineering Co. , Ltd.
14.3.4 Ningbo Samreal Chemical Co.,Ltd.
14.3.5 Changzhou Yinghao Pharm Co.,Ltd.
