The Global Angelic Acid Market size was valued at around USD 2 billion in 2017 and it is projected to reach nearly USD 3.5 billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6% during the forecast period from 2021 to 2028. The growth of the global angelic acid market can be attributed to a number of factors such as increased demand for purity 98% and 99% grade products, increasing use in pharmaceutical intermediates and chemical reagents across various applications.
Angelic acid is also called phenylacetic acid. It is a colorless liquid with an aromatic odor and it crystallizes in needles or as thin plates that melt at 190 °C. It has anti-inflammatory, antiseptic, and antibiotic properties that can be used to treat acne and other skin issues. It's also one of the main components for synthesizing levulinic acid which could potentially replace petrochemicals in many industries such as plastics or pesticides.
On the basis of Types, the market is segmented into Purity 98%, Purity 99%, and Others.
On the basis of Application, the market is segmented into Chemical Reagents, Pharmaceutical Intermediates, and Others.
Angelic Acid is used in Pharmaceutical Intermediates as a raw material for the synthesis of several drugs. Some examples include L-DOPA, Tetracycline, and Phenobarbital. It serves as an intermediate to produce pharmaceuticals that are capable of treating diseases such as Parkinson’s disease, malaria, diabetes, and epilepsy among others.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The North American market for Angelic Acid is expected to grow at the highest CAGR during the forecast period, owing to a large number of pharmaceutical companies in North America.
The Asia Pacific market for angelic acid will witness moderate growth as major countries such as China and Japan have imposed strict regulations on manufacturing chemicals with certain hazardous properties including angelic acids.
The increasing use of angelic acid in the chemical reagents application is anticipated to be one key driver for this market over the forecast period. Angelic acid has been used as a popular synthetic intermediate owing to its wide range of applications across industrial sectors including pharmaceuticals, agrochemicals, and electronics. In addition, demand from emerging economies such as China is expected to act as another key growth factor for this market.
Up Market Research published a new report titled “Angelic Acid Sales Market research report which is segmented by Types (Purity 98%, Purity 99%, Others), By Applications (Chemical Reagents, Pharmaceutical Intermediates, Others), By Players/Companies TCI, EMMX Biotechnology, 3B Scientific, VWR International, Chengdu Laurelsci Tech, J & K SCIENTIFIC, Meryer (Shanghai) Chemical Technology, Energy Chemical, Shanghai Longsheng Chemical”.
Report Attributes | Report Details |
Report Title | Angelic Acid Sales Market Research Report |
By Type | Purity 98%, Purity 99%, Others |
By Application | Chemical Reagents, Pharmaceutical Intermediates, Others |
By Companies | TCI, EMMX Biotechnology, 3B Scientific, VWR International, Chengdu Laurelsci Tech, J & K SCIENTIFIC, Meryer (Shanghai) Chemical Technology, Energy Chemical, Shanghai Longsheng Chemical |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 241 |
Number of Tables & Figures | 169 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Purity 98%, Purity 99%, Others and By Application Chemical Reagents, Pharmaceutical Intermediates, Others.
Some of the companies that are profiled in this report are:
Angelic Acid Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Angelic Acid Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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