Phenylacetic Acid Market Competitive Landscape 2022 : Companies covered in the Phenylacetic Acid Market are Hebei Chengxin, Hebei Zehao Biotechnology, White Deer, TUL, Alembic, Gow Chemical, Jinguan Chemical, SPI and others.
This report focuses on the Phenylacetic Acid in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.Phenylacetic acid has a high concentration. The top three companies account for more than 78.86 % of market share. Hebei Chengxin, Hebei Zehao Biotechnology and TUL are the tycoons of phenylacetic acid. Hebei Chengxin is the largest manufacturer, with the market share of 38.30% in 2015.In terms of application, phenylacetic acid can be applied in penicillin industry, flavor and fragrance industry, pesticide industry and other. Penicillin industry accounted for the largest market with about 82.60% of the global consumption for phenylacetic acid in 2015.The worldwide market for Phenylacetic Acid is expected to grow at a CAGR of roughly -1.9% over the next five years, will reach 70 million US$ in 2023, from 79 million US$ in 2017, according to a new GIR (Global Info Research) study.
Phenylacetic acid (abr. PAA and synonyms are: α-toluic acid, benzeneacetic acid, alpha tolylic acid, 2-phenylacetic acid, β-phenylacetic acid) is an organic compound containing a phenyl functional group and a carboxylic acid functional group. It is a white solid with a disagreeable odor. Because it is used in the illicit production of phenylacetone (used in the manufacture of substituted amphetamines), it is subject to controls in countries including the United States and China.
Rising Demand In Penicillin, Flavor and Fragrance, Pesticide Driving the growth of Industry
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