Introduction
Phenylacetic acid is an active auxin which is a sort of plant hormone and found chiefly in fruits. Phenylacetic acid is also known as β-phenylacetic acid, alpha tolylic acid, benzene acetic acid, α-toluic acid and 2-phenylacetic acid. Phenylacetic acids are organic compound comprising carboxylic acid functional group and phenyl functional group. These acids are having disagreeable odor and naturally occur in white solid.
Market Dynamics
Phenyl acetic acids ensure reliability and durability and also have demand in domestic markets owing to its wide usage in perfumes. Conversely when compared with auxin particle indole-3-acetic acid its effect is much fragile. It finds application in perfumes, diclofenac production and penicillin G production. Since phenylacetic acids are used as substitute over amphet amines and increasing demand in domestic usage is expected to propel growth of this market.
Market Classification
The market can be bifurcated on the basis of type, application and geography. By type, phenyl acetic acid market can be segmented into pharmaceutical grade PAA and chemical grade PAA. By application, phenylacetic acid market can be segmented into penicillin, flavor and fragrance, pesticide and others. On the basis of geography, the phenylacetic acid market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.
Report Coverage
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Market
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Phenylacetic Acid Market
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Analysis Period
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2015 – 2026
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Historic Data
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2015 – 2016
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Base Year
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2017
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Forecast Data
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2018 – 2026
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Market Stratification
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Type, Application, Geography
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Regional Scope
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North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
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Report Coverage
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Market Trends, Drivers, Restraints, Porter's Five Forces Analysis,
Competitive Analysis, Player Profiling, Value Chain Analysis
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Market Participants
Some of the major players involved in phenylacetic acid market includes White Deer Energy, Hebei Chengxin Co., Ltd., Tulstar Products, Inc., Hebei Zehao Biotechnology Co., Ltd., Gow Chemical Corp. Limited and Alembic Pharmaceuticals Ltd among others.
Market Segmentation
Market By Type
Pharmaceutical Grade PAA
Chemical Grade PAA
Market By Application
Penicillin
Flavor and Fragrance
Pesticide
Others
Market By Region
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
