Phenylacetic Acid Market (Updated Version Available)

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.
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 report offers detailed coverage of Phenylacetic Acid industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Phenylacetic Acid by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Phenylacetic Acid market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.

First, this report covers the present status and the future prospects of the global Phenylacetic Acid market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Hebei Chengxin
Hebei Zehao Biotechnology
White Deer
TUL
Alembic
Gow Chemical
Jinguan Chemical
SPI

At the same time, we classify Phenylacetic Acid according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Pharmaceutical Grade PAA
Chemical Grade PAA
Market by Application
Penicillin
Flavor and Fragrance
Pesticide
Others

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Phenylacetic Acid market for the forecast period 2021 - 2025?
• What are the driving forces in the Phenylacetic Acid market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Phenylacetic Acid industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?