Research Reports
Acetophenone Market : How has COVID-19 affected the market?
Acetophenone Market : How has COVID-19 affected the market?
Published by Coherent Market Insights
Posted on September 20, 2021
Global Banking and Finance Review
Company
Published by Coherent Market Insights
Posted on September 20, 2021
The Acetophenone Market to Grow with the Increasing Demand from Various Industry Verticals
Global Acetophenone Market, by End-use Industry (Perfumes and Fragrances, Resins, Pharmaceuticals, and Flavoring Agents) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) – Size, Share, Outlook, and Opportunity Analysis
The global acetophenone market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period (XXX-XXX), as highlighted in a new report published by Coherent Market Insights.
Request a sample copy of the report:
https://www.coherentmarketinsights.com/insight/request-sample/2349
Market Overview:
Acetophenone is organic compound with the formula C6H5CCH3, and is the simplest aromatic ketone. It is naturally present in certain foods and plants, such as banana, apricot, apple, cocoa, cheese, and cauliflower. It is widely used for fragrance in soaps and perfumes, as a solvent for plastics and resins, and as a flavoring agent in foods. Acute exposure to acetophenone may cause transient corneal injury and skin irritation in humans.
Acetophenone is a colorless liquid, slightly soluble in water but is freely soluble in diethyl ether, ethanol (ethyl alcohol), and chloroform. It plays a vital role as a photosensitizing agent, an animal metabolite and a xenobiotic. Acetophenone can be obtain from natural sources as well as synthetically. It is often used as a precursor for many compounds and applications. It is an important precursor for fragrances and resins. Therefore, there is an increasing demand for acetophenone across the world.
Competitive Landscape:
Major players active in the global acetophenone market are Zhongliang, RUTGERS Group, SI Group, Novapex, Solvay, Mitsui Chemicals, INEOS, Eni, and Haicheng Liqi Carbon.
Key Market Drivers:
Rapid growth of the pharmaceutical industry is expected to propel growth of the acetophenone market during the forecast period. Acetophenone is used in various pharmaceutical applications as a direct ingredient in the manufacturing processes. For instance, in September 2020, AKL Research and Development (AKLRD) and Nordic Bioscience Clinical Development (NBCD) initiated their Phase II human clinical trial for the development of a novel, oral osteoarthritis (OA) medicine. APPA is an oral, patented, fixed-dose combination of two synthetic secondary metabolites of plant origin; apocynin (4-hydroxy-3-methoxyacetophenone) and its isomer paeonol (2-hydroxy-4-methoxy-acetophenone).
Moreover, increasing demand for acetophenone in the food and beverages industry is expected to augment the growth of the acetophenone market. Acetophenone is used as a flavoring agent in food and beverages. For instance, according to the India Brand Equity Foundation (IBEF), India’s food processing sector is one of the largest in the world and its output is expected to reach US$ 535 billion by 2025-26, increasing the demand for acetophenone.
COVID-19 Impact Analysis:
The COVID-19 outbreak has potentially hit hard the acetophenone market in numerous ways. The demand for acetophenone has decreased due to lockdown policies and social restrictions. Acetophenone is widely used in various end-use industries, such as pharmaceutical, food and beverages, cosmetic and personal care, chemical, etc. But the pandemic has severely impacted these industries, which in turn has decreased the demand for acetophenone during the pandemic However, easing of restrictions and revival of economic activities is expected to increase the acetophenone demand in the coming future. This in turn is expected to boost the growth of the acetophenone market, worldwide.
Key Takeaways:
Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/2349
Market Taxonomy
On the basis of end-use industry, the global acetophenone market is segmented into:
On the basis of region, the global acetophenone market is segmented into:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Acetophenone Market : How has COVID-19 affected the market? appeared first on Gatorledger.
The Acetophenone Market to Grow with the Increasing Demand from Various Industry Verticals
Global Acetophenone Market, by End-use Industry (Perfumes and Fragrances, Resins, Pharmaceuticals, and Flavoring Agents) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) – Size, Share, Outlook, and Opportunity Analysis
The global acetophenone market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period (XXX-XXX), as highlighted in a new report published by Coherent Market Insights.
Request a sample copy of the report:
https://www.coherentmarketinsights.com/insight/request-sample/2349
Market Overview:
Acetophenone is organic compound with the formula C6H5CCH3, and is the simplest aromatic ketone. It is naturally present in certain foods and plants, such as banana, apricot, apple, cocoa, cheese, and cauliflower. It is widely used for fragrance in soaps and perfumes, as a solvent for plastics and resins, and as a flavoring agent in foods. Acute exposure to acetophenone may cause transient corneal injury and skin irritation in humans.
Acetophenone is a colorless liquid, slightly soluble in water but is freely soluble in diethyl ether, ethanol (ethyl alcohol), and chloroform. It plays a vital role as a photosensitizing agent, an animal metabolite and a xenobiotic. Acetophenone can be obtain from natural sources as well as synthetically. It is often used as a precursor for many compounds and applications. It is an important precursor for fragrances and resins. Therefore, there is an increasing demand for acetophenone across the world.
Competitive Landscape:
Major players active in the global acetophenone market are Zhongliang, RUTGERS Group, SI Group, Novapex, Solvay, Mitsui Chemicals, INEOS, Eni, and Haicheng Liqi Carbon.
Key Market Drivers:
Rapid growth of the pharmaceutical industry is expected to propel growth of the acetophenone market during the forecast period. Acetophenone is used in various pharmaceutical applications as a direct ingredient in the manufacturing processes. For instance, in September 2020, AKL Research and Development (AKLRD) and Nordic Bioscience Clinical Development (NBCD) initiated their Phase II human clinical trial for the development of a novel, oral osteoarthritis (OA) medicine. APPA is an oral, patented, fixed-dose combination of two synthetic secondary metabolites of plant origin; apocynin (4-hydroxy-3-methoxyacetophenone) and its isomer paeonol (2-hydroxy-4-methoxy-acetophenone).
Moreover, increasing demand for acetophenone in the food and beverages industry is expected to augment the growth of the acetophenone market. Acetophenone is used as a flavoring agent in food and beverages. For instance, according to the India Brand Equity Foundation (IBEF), India’s food processing sector is one of the largest in the world and its output is expected to reach US$ 535 billion by 2025-26, increasing the demand for acetophenone.
COVID-19 Impact Analysis:
The COVID-19 outbreak has potentially hit hard the acetophenone market in numerous ways. The demand for acetophenone has decreased due to lockdown policies and social restrictions. Acetophenone is widely used in various end-use industries, such as pharmaceutical, food and beverages, cosmetic and personal care, chemical, etc. But the pandemic has severely impacted these industries, which in turn has decreased the demand for acetophenone during the pandemic However, easing of restrictions and revival of economic activities is expected to increase the acetophenone demand in the coming future. This in turn is expected to boost the growth of the acetophenone market, worldwide.
Key Takeaways:
Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/2349
Market Taxonomy
On the basis of end-use industry, the global acetophenone market is segmented into:
On the basis of region, the global acetophenone market is segmented into:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Acetophenone Market : How has COVID-19 affected the market? appeared first on Gatorledger.
Explore more articles in the Research Reports category
