Para-Hydroxyacetophenone Market - Forecast(2023 - 2028)

Report Code: CMR 99173 Report Format: PDF + Excel

Para-Hydroxyacetophenone Market Overview

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.

Para-Hydroxyacetophenone Market COVID-19 Impact

The global Para-Hydroxyacetophenone market was majorly impacted by the covid-19 outbreak. The para-hydroxyacetophenone has major demand in the pharmaceutical, cosmetics and other sectors. The disruption in production, demand and supply chain gap, logistics disturbances and other lockdown restrictions led to a major fall in the market. The healthcare supply chain was disturbed during the pandemic due to restrictions in medical production, high demand, low supply chain trend and disrupted healthcare infrastructure. According to the U.S. Centers for Medicare & Medicaid Services (CMS), the prescription drug spending in the U.S. was US$ 348.4 billion in 2020, which is 4.2% slower compared to the value in 2019. The healthcare emergency and fall in the growth of the pharmaceutical industry led to a decline in the application of para-hydroxyacetophenone for drug manufacture, synthesis and others. Thus, with a slowdown in major end-use industries during a pandemic, the para-hydroxyacetophenone market saw a fall in growth prospects. However, with recovery in the medical system and drug development in post-pandemic phase, the para-hydroxyacetophenone industry will grow rapidly.

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.

Figure: North America Para-Hydroxyacetophenone Market Revenue, 2021-2027 (US$ Million)


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Para-Hydroxyacetophenone Market Segment Analysis – by Application

By application, the Organic Synthesis segment is expected to grow with a CAGR of around 3.5% during the forecast period. The organic synthesis application of the para-hydroxyacetophenone has major demand in various industries such as pharmaceutical, aromatics chemical and others. The para-hydroxyacetophenone is used in the organic synthesis and it plays a vital role in the production and isolation of various pharmaceutical products and intermediates such as terpinyl acetate, chloral hydrate, tetraethyl orthosilicate (TEOS) and others. Furthermore, the use of para-hydroxyacetophenone in organic synthesis in the perfume and fragrances sector for synthesizing fine chemicals alongside salicylaldehyde for rose oxide is creating high demand in the para-hydroxyacetophenone market. For instance, the Marc Jacobs International and Marc Jacobs Fragrances announced the launch of the latest women's fragrance in 2020. Thus, with the rise in organic synthesis application of the para-hydroxyacetophenone across various industries, the global para-hydroxyacetophenone industry would experience major growth during the forecast period.

Para-Hydroxyacetophenone Market Segment Analysis – by End-Use Industry

By end-use industry, the Pharmaceutical segment held the largest Para-Hydroxyacetophenone market share of 45% in 2021. The para-hydroxyacetophenone has major application in the pharmaceutical sector for drug synthesis, manufacture and others. It is used as an intermediate, along with chemical intermediate such as acetic anhydride, bromobenzene and others in various drugs such as cefadtoxip, tetracycline hydrochloride and others. The usage of para-hydroxyacetophenone in the liquid pharmaceutical sector is rising owing to its preservation function and maintenance of shelf life of the product. Furthermore, the development of medical sector, precision medicine technology and other development has influenced the growth of para-hydroxyacetophenone market. According to the Department of Pharmaceuticals under Ministry of Chemical and Fertilizers annual report 2020-21, the pharma sector contributes around 1.72% in the GDP of India in 2019-20. Thus, with major demand of para-hydroxyacetophenone in the pharmaceutical industry for wide range of applications and utilities, the para-hydroxyacetophenone industry will grow rapidly during the forecast period.

Para-Hydroxyacetophenone Market Segment Analysis – by Geography

By geography, North America is the fastest-growing region in the Para-Hydroxyacetophenone market and is expected to grow with a CAGR of around 4.7% during the forecast period. The robust growth of para-hydroxyacetophenone market in this region is influenced due to the highest demand from pharmaceuticals, cosmetics and other sectors. The increasing development and advancement in the major end-use industries in the North American region is driving the market. The flourishing cosmetics sector in this region, growing beauty others and rising skincare development is boosting the demand of para-hydroxyacetophenone. According to the LOREAL 2020 Annual Report, the cosmetics market held around 24% in the North America region in 2020 and 22.2% growth in like-for-like sales of L’OREAL in North America in 2021. Thus, with a high demand across various end-use industries and robust development and advancement of pharmaceuticals in this region, the para-hydroxyacetophenone market will grow during the forecast period.

Para-Hydroxyacetophenone Market – Drivers

Rising demand from the cosmetics industry

The Para-Hydroxyacetophenone has growing demand in cosmetics industry due to its high demand in the skincare sector. It has applications as skin conditioning and synthetic antioxidant. It is increasingly used as a preservative in various skincare products. Furthermore, the growth in the cosmetics and personal care sector is creating a drive in the para-hydroxyacetophenone market. According to the India Brand Equity Foundation (IBEF), the Indian beauty and personal care industry is estimated to reach USD 15.17 billion by 2024 as studied in the Connected Beauty Consumer Report in 2020. Thus, with major demand of para-hydroxyacetophenone in the cosmetics and personal care product as antioxidant and preservative booster, the para-hydroxyacetophenone industry is experiencing major growth opportunities.

Growing application in the pharmaceutical sector

The Para-Hydroxyacetophenone has a major application in the pharmaceutical industry. It is used in organic synthesis of pharmaceutical for production and isolation, used as intermediate in drugs, synthesis through nucleophiles substitution reaction and also in the drug manufacture procedures. Furthermore, the growing usage of para-hydroxyacetophenone in diseases such as hepatitis, liver damage and others, along with increasing usage as additive and preservative is boosting the demand in the market. The rise in pharmaceutical development and production trends across the globe is thereby driving the para-hydroxyacetophenone industry. According to the European Federation of Pharmaceutical Industries and Association (EFPIA), Europe accounted for 23.9% of world pharmaceutical sales in the year 2020. Thus, the increasing application and demand of para-hydroxyacetophenone in the pharmaceutical sector is offering major growth opportunities in the market.

Para-Hydroxyacetophenone Market – Challenges

Toxicity of para-hydroxyacetophenone

The Para-Hydroxyacetophenone has acute toxicity and creates severe health effects such as skin irritation, respiratory irritations, difficulty breathing and pneumoconiosis. This chemical is classified hazardous for aquatic life as well and created long term effects on the aquatic environment through waste and contamination. The para-hydroxyacetophenone market faces major challenge with rising restrictions on toxicity and health hazards, thereby affecting the demand of para-hydroxyacetophenone in the market.

Para-Hydroxyacetophenone Industry Outlook

The Para-Hydroxyacetophenone industry's top 10 companies include:

  1. BASF SE
  2. Sino-High Co. Limited
  3. Tianhing Tianda Pharmaceutical Technology Co. Limited
  4. Otto Chemie Private Limited
  5. PAT Impex Private Limited
  6. Changzhou Huaxia Pesticide Co. Limited
  7. Symrise AG
  8. Changzhou Ansciep Chemical Co. Limited
  9. Sigma Aldrichs in the para-hydroxyacetophenone industry.
  10. Penta International

Recent Developments

  • In March 2022, Symrise introduced the hydroxyacetophenone, pentylene glycol and others in the skin protection ingredients portfolio of the company. The introduction of hydroxyacetophenone in the skincare portfolio would boost growth opportunities.

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1. Para-Hydroxyacetophenone Market - Market Overview
    1.1 Definitions and Scope
2. Para-Hydroxyacetophenone Market - Executive Summary
    2.1 Key Trends by Purity
    2.2 Key Trends by Grade
    2.3 Key Trends by Application
    2.4 Key Trends by End-Use Industry
    2.5 Key Trends by Geography
3. Para-Hydroxyacetophenone Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Para-Hydroxyacetophenone Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Para-Hydroxyacetophenone Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Para-Hydroxyacetophenone Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Para-Hydroxyacetophenone Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Para-Hydroxyacetophenone Market – By Purity(Market Size - $Million/Billion)
    8.1 Above 98%
    8.2 98%
    8.3 Below98%
9. Para-Hydroxyacetophenone Market – By Grade (Market Size - $Million/Billion)
    9.1.1 Pharmaceutical Grade
    9.1.2 Industrial Grade
    9.1.3 Other
10. Para-Hydroxyacetophenone Market – By Application (Market Size - $Million/Billion
    10.1 Organic Synthesis
    10.2 Drug Manufacture
    10.3 Preservative
    10.4 Flavor Agent
    10.5 Others
11. Para-Hydroxyacetophenone Market - By End-Use Industry (Market Size - $Million/Billion)
    11.1 Pharmaceutical
    11.2 Cosmetics and Personal Care
    11.3 Perfume and Fragrances
    11.4 Other
12. Para-Hydroxyacetophenone Market - By Geography (Market Size - $Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Para-Hydroxyacetophenone Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Para-Hydroxyacetophenone Market – Industry/Competition Segment Analysis Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. Para-Hydroxyacetophenone Market – Key Company List by Country Premium Premium
16. Para-Hydroxyacetophenone Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"Financials would be provided to private companies on best-efforts basis."
LIST OF TABLES

LIST OF FIGURES

1.US Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
2.Canada Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
3.Mexico Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
4.Brazil Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
5.Argentina Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
6.Peru Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
7.Colombia Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
8.Chile Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
9.Rest of South America Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
10.UK Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
11.Germany Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
12.France Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
13.Italy Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
14.Spain Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
15.Rest of Europe Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
16.China Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
17.India Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
18.Japan Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
19.South Korea Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
20.South Africa Para-Hydroxyacetophenone Market Revenue, 2019-2024 ($M)
21.North America Para-Hydroxyacetophenone By Application
22.South America Para-Hydroxyacetophenone By Application
23.Europe Para-Hydroxyacetophenone By Application
24.APAC Para-Hydroxyacetophenone By Application
25.MENA Para-Hydroxyacetophenone By Application