What is Global Allylbenzene (CAS 300-57-2) Market?
The Global Allylbenzene (CAS 300-57-2) Market is a specialized and in-depth study of the chemical industry with a special focus on the global market trend analysis. Allylbenzene is an organic compound used in the production of several other chemical compounds. It is a colorless liquid with a sweet, pleasant aroma and is a component of several essential oils. The market for Allylbenzene (CAS 300-57-2) is growing due to its increasing use in various industries such as pharmaceuticals, agrochemicals, and perfumery. The market is driven by the growing demand for these products in developing countries and the increasing use of Allylbenzene in organic synthesis. The market is further segmented based on the purity of the compound, with the ≥98% Purity and ≥99% Purity segments being the most significant.
≥98% Purity, ≥99% Purity in the Global Allylbenzene (CAS 300-57-2) Market:
The Global Allylbenzene (CAS 300-57-2) Market is segmented based on purity into two main categories: ≥98% Purity and ≥99% Purity. The ≥98% Purity segment includes Allylbenzene that has been purified to a level of 98% or higher. This level of purity is often required for applications in industries such as pharmaceuticals and agrochemicals, where a high degree of purity is essential for the production of high-quality products. On the other hand, the ≥99% Purity segment includes Allylbenzene that has been purified to a level of 99% or higher. This level of purity is typically required for applications in the perfumery industry, where the quality of the scent is directly related to the purity of the ingredients used. The demand for both these segments is driven by the increasing use of Allylbenzene in these industries and the growing demand for high-quality products.
Organic Synthesis, Others in the Global Allylbenzene (CAS 300-57-2) Market:
The Global Allylbenzene (CAS 300-57-2) Market finds its usage in various areas, notably in Organic Synthesis and Others. In Organic Synthesis, Allylbenzene is used as a starting material for the synthesis of a wide range of organic compounds. It is a versatile building block in organic chemistry, allowing for the creation of complex molecules from simpler ones. This makes it a valuable tool in the development of new pharmaceuticals and agrochemicals. In the 'Others' category, Allylbenzene is used in a variety of applications, including as a flavoring agent in food and beverages, as a fragrance in perfumes, and as a precursor to other chemicals in various industrial processes. The versatility of Allylbenzene and its wide range of applications contribute to the growth of the Global Allylbenzene (CAS 300-57-2) Market.
Global Allylbenzene (CAS 300-57-2) Market Outlook:
The Global Allylbenzene (CAS 300-57-2) Market has shown significant growth in recent years. In 2023, the market was valued at US$ 1302 million and is expected to reach US$ 1707.3 million by 2030, growing at a CAGR of 3.9% during the forecast period 2024-2030. China is the largest consumer and producer of Allylbenzene, accounting for about 61% of the global market revenue in 2019. The United States follows China with about 10% of the market revenue in 2019. Haihang Industry is the leading manufacturer of Allylbenzene, holding about 34% of the market revenue in 2019. These figures indicate the significant role of Allylbenzene in the global chemical industry and its potential for growth in the coming years.
| Report Metric | Details |
| Report Name | Allylbenzene (CAS 300-57-2) Market |
| Accounted market size in 2023 | US$ 1302 million |
| Forecasted market size in 2030 | US$ 1707.3 million |
| CAGR | 3.9% |
| 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 | Haihang Industry, Hangzhou Hairui Chemical, UIV Chem, Wuhan Xin Wei Ye Chemical, Shangyu Catsyn, Gelest |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
