Market Overview:
The global m-Toluic 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 m-Toluic Acid in pharmaceutical and insect repellent applications. Additionally, rising awareness about the benefits of using m-Toluic Acid is also contributing to the growth of this market. However, volatility in prices of raw materials used for manufacturing m-Toluic Acid may restrain the growth of this market during the forecast period. On basis on type, Pharma Grade segment is projected to account for majority share in terms revenue by 2030 end owing higher adoption rate across various application verticals as compared regional counterparts over next decade; followed by Industrial Grade and Others segments respectively over same duration . Pharmaceutical grade product finds greater application scope across wide range drug formulations viz., tablets, capsules etc.; whereas industrial grade products are majorly used as intermediates or solvents in chemical synthesis reactions that produce fine chemicals & APIs globally .
Product Definition:
m-Toluic Acid is an organic compound that belongs to the group of aromatic acids. It is a colorless or pale yellow liquid with a characteristic odor. m-Toluic Acid is used as a solvent and in the manufacture of dyes, plastics, and drugs.
Pharma Grade:
Pharma grade is 99.8% pure and is the highest quality available in the market. It has been widely used as an intermediate for manufacturing various pharmaceutical products such as antibiotics, analgesics, anti-inflammatory drugs, vitamins & dietary supplements and others. Growing demand for these products globally has led to a surge in demand for pharma-grade toluic acid over the past few years and this trend is expected to continue over the forecast period.
Industrial Grade:
Industrial grade is a type of toluene that has been processed to remove all traces of benzene and xylene. It also eliminates the sulfur compounds, which makes it suitable for manufacturing m-toluic acid. The product is colorless & has a strong odor similar to paint thinner.
Application Insights:
In terms of value, the insect repellent segment dominated the global market with a share of 23.1% in 2017. The product is gaining popularity as an insect repellent and is used for protection against mosquitoes, sand flies and other insects that transmit diseases or cause damage to crops. It acts as a barrier to prevent skin contact with these insects which results in reduced exposure to disease-causing microorganisms or pests that may cause crop damage.
The pharmaceutical application segment accounted for 20% of the global m-toluic acid market volume share in 2017 on account of its medicinal properties including treatment for asthma, epilepsy and cancerous tumors among others.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to growing product demand from end-use industries, such as agrochemicals, pharmaceuticals, and others. China is one of the largest producers of m-toluic acid with a production capacity exceeding 500 kilo per annum. The country exports around 90% of its output which has made it a global manufacturer for m-toluic acid products with low cost structure.
North America emerged as the second fastest growing region in terms of volume consumption after Asia Pacific owing to rising product demand from end use industries across U.S.
Growth Factors:
- Increasing demand for m-Toluic Acid in various end-use industries such as pharmaceuticals, agrochemicals, and others is expected to drive the growth of the market over the forecast period.
- Growing demand for m-Toluic Acid from emerging countries is another key factor that is anticipated to fuel the growth of the market in near future.
- Rising production capacity of key manufacturers is another major factor that would boost the growth of this market during forecast period.
- Stringent environmental regulations regarding VOC emissions are likely to create opportunities for players operating in this market over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
m-Toluic Acid Market Research Report
By Type
Pharma Grade, Industrial Grade, Others
By Application
Pharmaceutical, Insect Repellent, Others
By Companies
Shandong Yuexing Chemical, Hebei Xingyu Chemical, Dalian Richfortune Chemicals, Zibo Shibang Chemical, Taixing Zhongran Chemical Co., Ltd., Yangzhou Gideon Biological Technology
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global m-Toluic Acid Market Report Segments:
The global m-Toluic Acid market is segmented on the basis of:
Types
Pharma Grade, Industrial Grade, Others
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, Insect Repellent, 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:
- Shandong Yuexing Chemical
- Hebei Xingyu Chemical
- Dalian Richfortune Chemicals
- Zibo Shibang Chemical
- Taixing Zhongran Chemical Co., Ltd.
- Yangzhou Gideon Biological Technology
Highlights of The m-Toluic 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:
- Pharma Grade
- Industrial Grade
- Others
- By Application:
- Pharmaceutical
- Insect Repellent
- 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 m-Toluic 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?
M-Toluic acid is a organic compound with the formula C8H10O4. It is a colorless liquid that has a sour odor. M-Toluic acid is used in manufacturing various chemicals and plastics.
Some of the major companies in the m-toluic acid market are Shandong Yuexing Chemical, Hebei Xingyu Chemical, Dalian Richfortune Chemicals, Zibo Shibang Chemical, Taixing Zhongran Chemical Co., Ltd., Yangzhou Gideon Biological Technology.
The m-toluic acid market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. m-Toluic 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. m-Toluic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. m-Toluic Acid Market - Supply Chain
4.5. Global m-Toluic Acid Market Forecast
4.5.1. m-Toluic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. m-Toluic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. m-Toluic Acid Market Absolute $ Opportunity
5. Global m-Toluic 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. m-Toluic Acid Market Size and Volume Forecast by Type
5.3.1. Pharma Grade
5.3.2. Industrial Grade
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global m-Toluic 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. m-Toluic Acid Market Size and Volume Forecast by Application
6.3.1. Pharmaceutical
6.3.2. Insect Repellent
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global m-Toluic 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. m-Toluic 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 m-Toluic 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. m-Toluic 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 m-Toluic Acid Demand Share Forecast, 2019-2026
9. North America m-Toluic 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 m-Toluic 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 m-Toluic Acid Market Size and Volume Forecast by Application
9.4.1. Pharmaceutical
9.4.2. Insect Repellent
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America m-Toluic Acid Market Size and Volume Forecast by Type
9.7.1. Pharma Grade
9.7.2. Industrial Grade
9.7.3. Others
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 m-Toluic Acid Demand Share Forecast, 2019-2026
10. Latin America m-Toluic 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 m-Toluic 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 m-Toluic Acid Market Size and Volume Forecast by Application
10.4.1. Pharmaceutical
10.4.2. Insect Repellent
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America m-Toluic Acid Market Size and Volume Forecast by Type
10.7.1. Pharma Grade
10.7.2. Industrial Grade
10.7.3. Others
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 m-Toluic Acid Demand Share Forecast, 2019-2026
11. Europe m-Toluic 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 m-Toluic 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 m-Toluic Acid Market Size and Volume Forecast by Application
11.4.1. Pharmaceutical
11.4.2. Insect Repellent
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe m-Toluic Acid Market Size and Volume Forecast by Type
11.7.1. Pharma Grade
11.7.2. Industrial Grade
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by 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 m-Toluic Acid Demand Share, 2019-2026
12. Asia Pacific m-Toluic 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 m-Toluic 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 m-Toluic Acid Market Size and Volume Forecast by Application
12.4.1. Pharmaceutical
12.4.2. Insect Repellent
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific m-Toluic Acid Market Size and Volume Forecast by Type
12.7.1. Pharma Grade
12.7.2. Industrial Grade
12.7.3. Others
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 m-Toluic Acid Demand Share, 2019-2026
13. Middle East & Africa m-Toluic 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 m-Toluic 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 m-Toluic Acid Market Size and Volume Forecast by Application
13.4.1. Pharmaceutical
13.4.2. Insect Repellent
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa m-Toluic Acid Market Size and Volume Forecast by Type
13.7.1. Pharma Grade
13.7.2. Industrial Grade
13.7.3. Others
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 m-Toluic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global m-Toluic Acid Market: Market Share Analysis
14.2. m-Toluic Acid Distributors and Customers
14.3. m-Toluic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shandong Yuexing Chemical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hebei Xingyu 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. Dalian Richfortune Chemicals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zibo Shibang Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Taixing Zhongran Chemical Co., Ltd.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yangzhou Gideon Biological Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
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
