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.
This report contains market size and forecasts of Phenylacetic Acid in global, including the following market information:
Global Phenylacetic Acid Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Phenylacetic Acid Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Phenylacetic Acid companies in 2021 (%)
The global Phenylacetic Acid market was valued at 74 million in 2021 and is projected to reach US$ 66 million by 2028, at a CAGR of -1.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Pharmaceutical Grade PAA Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Phenylacetic Acid include Hebei Chengxin, Hebei Zehao Biotechnology, White Deer, TUL, Alembic, Gow Chemical, Jinguan Chemical and SPI, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Phenylacetic Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Phenylacetic Acid Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Phenylacetic Acid Market Segment Percentages, by Type, 2021 (%)
Pharmaceutical Grade PAA
Chemical Grade PAA
Global Phenylacetic Acid Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Phenylacetic Acid Market Segment Percentages, by Application, 2021 (%)
Penicillin
Flavor and Fragrance
Pesticide
Others
Global Phenylacetic Acid Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Phenylacetic Acid Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Phenylacetic Acid revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Phenylacetic Acid revenues share in global market, 2021 (%)
Key companies Phenylacetic Acid sales in global market, 2017-2022 (Estimated), (MT)
Key companies Phenylacetic Acid sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Hebei Chengxin
Hebei Zehao Biotechnology
White Deer
TUL
Alembic
Gow Chemical
Jinguan Chemical
SPI