A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global 4-Nitrobenzoic
Acid
Market. The
study, titled “4-Nitrobenzoic
Acid Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
4-Nitrobenzoic
acid is an organic compound and a precursor to 4-nitrobenzoyl
chloride, the precursor to the anesthetic folic acid and procaine.
4-Nitrobenzoic acid has been prepared by nitration of polystyrene
followed by oxidation of the alkyl substituent. 4-Nitrobenzoic acid
is used as an intermediate for bulk drugs especially in the
manufacturing of 3,5-diaminobenzoic acid, 4-aminobenzoic acid, dye
intermediate and folic acid. 4-Nitrobenzoic acid appears as yellowish
crystalline powder and is soluble in methanol and diethyl ether.
Folic acid can be used as a medication to treat anemia which is
caused by folic acid deficiency. Folic acid is generally used in
association with other medicines to treat pernicious anemia.
3,5-Dinitrobenzoic acid is an organic chemical that is an important
corrosion inhibitor and is used in photography. 4-Aminobenzoic acid
(also known as PABA) is a white-grey crystalline substance which is
only slightly soluble in water. It consists of a benzene ring
substituted with a carboxyl group and an amino group.
Browse
Market Research Report @
4-Aminobenzoic
acid is mainly used in the biomedical sector to treat fibrotic skin
disorders, such as Peyronie's disease under the trade name Potaba. In
addition, 4-aminobenzoic acid can be used to manufacture specialty
azo dyes and crosslinking agents. 4-aminobenzoic acid can also used
in used in sunscreens as a UV filter.
The
growth in end user industries is expected to increase the consumption
of 4-nitrobenzoic acid. The increase in consumption of folic acid,
3,5-diaminobenzoic acid and 4-aminobenzoic acid is expected to boost
demand for 4-nitrobenzoic acid. In addition, rapid urbanization and
increasing consumption of food additives from emerging economies of
Asia Pacific and Latin America is expected to further increase demand
for 4-nitrobenzoic acid. However, availability of substitutes and
fluctuating raw material prices could hamper the growth of this
market.
Asia
Pacific is expected to be the largest consumer of 4-nitrobenzoic acid
followed by North America and Europe. China and India are major
consumers of 4-nitrobenzoic acid due to presence of established end
user industries. New Zealand, Australia, Vietnam, Japan and Malaysia
are other major consumers of 4-Nitrobenzoic acid in Asia Pacific.
Latin America is also expected to experience moderate to high growth
rate. Argentina and Brazil are major consumers of 4-nitrobenzoic in
Latin America. North America and Europe are mature markets and
expected to experience low to moderate growth.
Large
and medium chemical and material companies dominate the
4-nitrobenzoic acid market. Some of the key players in this market
are Tianjin Elong Co., Ltd. (China), Labeyond Chemicals (Dalian)
Co., Ltd. (China), Shanghai Worldyang Chemical Co., Limited (China),
Crescent Chemical Co., Inc. (U.S.), Hefei TNJ Chemical Industry Co.,
Ltd.(U.S.), Orchid Chemical Supplies Ltd. (China), Shangqiu Kangmeida
Bio-Technology Co., Ltd (China), Yurui (Shanghai) Chemical Co., Ltd.
(China), Shanghai Richem International Co., Ltd.(China), Henan
Tianfu Chemical Co., Ltd. (China), Zhengzhou Qiangjin Science And
Technology Trading Co., Ltd. (China),Xi'an Leader Biochemical
Engineering Co., Ltd.(China), Nanjing Yeshun Industry &
International Trading Co., Ltd.(China), Leedskem Agro (India) Ltd.
(India), Shri Hari Chemicals (India), Shanghai Richem International
Co., Ltd. (China), Toronto Research Chemicals Inc (China), Bayer AG
(Germany), BASF SE (Germany), The Dow Chemical Company (U.S.) and E.
I. du Pont de Nemours and Company (U.S.) among others. Companies are
using strategic acquisitions and mergers to increase their market
share. In addition, companies are investing in research and
development to develop superior grades of 4-nitrobenzoic acid.
Get
accurate market forecast and analysis on the 4-Nitrobenzoic Acid
market. Request a sample to stay abreast on the key trends impacting
this market@
The
report offers a comprehensive evaluation of the market. It does so
via in-depth insights, understanding market evolution by tracking
historical developments, and analyzing the present scenario and
future projections based on optimistic and likely scenarios. Each
research report serves as a repository of analysis and information
for every facet of the market, including but not limited to: Regional
markets, technology developments, types, applications, and the
competitive landscape.
The
study is a source of reliable data on:
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological breakthroughs
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
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Us
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