What is Global Phenylboronic Acid Market?
The Global Phenylboronic Acid Market is a vast and dynamic sector that encompasses the production, distribution, and sale of phenylboronic acid, a chemical compound widely used in various industries. This market is a global entity, meaning it operates across different countries and regions, catering to a diverse range of consumer needs and preferences. The market's value is determined by the demand for phenylboronic acid, which is influenced by factors such as its applications in different industries, technological advancements, and regulatory policies. As of 2023, the market was valued at US$ 11 million, indicating a significant demand for phenylboronic acid worldwide.
99% Phenylboronic Acid, 98% Phenylboronic Acid, 95-98% Phenylboronic Acid in the Global Phenylboronic Acid Market:
The Global Phenylboronic Acid Market is segmented based on the purity of the phenylboronic acid produced. These segments include 99% Phenylboronic Acid, 98% Phenylboronic Acid, and 95-98% Phenylboronic Acid. Each of these segments caters to different consumer needs and has its unique market dynamics. For instance, 99% Phenylboronic Acid is the purest form and is likely to be more expensive than the other segments. On the other hand, 98% Phenylboronic Acid and 95-98% Phenylboronic Acid may be more affordable but may not offer the same level of performance as the 99% Phenylboronic Acid. These segments' market performance is influenced by factors such as production costs, consumer preferences, and technological advancements.
Pharmaceutical Intermediates, Liquid Crystal Material, Others in the Global Phenylboronic Acid Market:
Phenylboronic Acid finds its applications in various areas, including Pharmaceutical Intermediates, Liquid Crystal Material, and others. In the Pharmaceutical Intermediates sector, it is used in the synthesis of various drugs and therapeutic agents. Its unique chemical properties make it an essential component in the production of these pharmaceutical products. In the Liquid Crystal Material sector, Phenylboronic Acid is used in the production of liquid crystal displays (LCDs), which are widely used in televisions, computer monitors, and other electronic devices. The 'Others' category includes various other industries where Phenylboronic Acid is used, such as the chemical industry, the electronics industry, and more.
Global Phenylboronic Acid Market Outlook:
The Global Phenylboronic Acid Market's outlook is promising, with the market expected to grow from US$ 11 million in 2023 to US$ 16 million by 2030. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period of 2024 to 2030. The market is dominated by key players such as Hebei Maison Chemical, Optima Chemical, Beijing Purechem, and Jinan Finer Chemical. These companies accounted for almost 74% of the market share in 2019. The major application of Phenylboronic Acid in 2019 was in Pharmaceutical Intermediates, which accounted for over 52% of the global market share. China and the USA were the major consumers of Phenylboronic Acid in 2019, with a combined market share of over 85%.
| Report Metric | Details |
| Report Name | Phenylboronic Acid Market |
| Accounted market size in 2023 | US$ 11 million |
| Forecasted market size in 2030 | US$ 16 million |
| CAGR | 5.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Hebei Maison Chemical, Optima Chemical, Beijing Purechem, Jinan Finer Chemical, Midori Kagaku, UIV Chem, Denisco, Triveni Chemicals, Beijing Golden Olive |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
