The Para-Hydroxyacetophenone market size is forecasted to reach US$650 million by 2027 after growing at a CAGR of around 4.1% from 2022 to 2027. The para-hydroxyacetophenone is a white needle-like crystal that is flammable and easily soluble in acetone, benzene and others. The para-hydroxyacetophenone is used in the organic synthesis alongside the reagents such as acetic anhydride, bromobenzene and others across various end-use industries. The para-hydroxyacetophenone has major application in the pharmaceutical sector for drug manufacture and synthesis, thereby creating a drive in the para-hydroxyacetophenone market. Furthermore, the increase in the application of para-hydroxyacetophenone as a preservative, aromatic aldehyde and synthesis across major end-use industries will offer major growth opportunities in the para-hydroxyacetophenone market during the forecast period.
Report Coverage :
The “Para-Hydroxyacetophenone Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Para-Hydroxyacetophenone industry.
By Purity : Above 98%, 98%, Below 98%.
By Grade : Pharmaceutical Grade, Industrial Grade and Others.
By Application : Organic Synthesis, Drug Manufacture, Preservative, Flavor Agent and Others.
By End-Use Industry : Pharmaceutical, Cosmetics and Personal Care, Perfume & Fragrances and Others.
By Geography : North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa).
Key Takeaways :
The Para-Hydroxyacetophenone market size would increase owing to the growing application in drug manufacture, synthesis, preservative and food & flavor agent in major end-use industries during the forecast period.
North America is the fastest-growing region in the para-hydroxyacetophenone industry due to the flourishing pharmaceutical sector, innovation in the medical industry and growth of the cosmetics sector in this region, thereby boosting the demand for para-hydroxyacetophenone.
The growing demand for para-hydroxyacetophenone for application as organic synthesis in chemicals, perfume & fragrance and pharmaceuticals are providing growth in the market.