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Report overview
The global Phenylacetic Acid (PAA) market was valued at US$ 74 million in 2022 and is projected to reach US$ 67 million by 2029, at a CAGR of -1.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Phenylacetic acid (abr. PAA and synonyms are: ?-toluic acid, benzeneacetic acid, alpha tolylic acid, 2-phenylacetic acid, ?-phenylacetic acid) is an organic compound containing a phenyl functional group and a carboxylic acid functional group. It is a white solid with a disagreeable odor. Because it is used in the illicit production of phenylacetone (used in the manufacture of substituted amphetamines), it is subject to controls in countries including the United States and China.
This report aims to provide a comprehensive presentation of the global market for Phenylacetic Acid (PAA), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Phenylacetic Acid (PAA). This report contains market size and forecasts of Phenylacetic Acid (PAA) in global, including the following market information:
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Pharmaceutical Grade PAA Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Phenylacetic Acid (PAA) include Hebei Chengxin, Hebei Zehao Biotechnology, White Deer, TUL, Alembic, Gow Chemical, Jinguan Chemical and SPI, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Phenylacetic Acid (PAA) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Phenylacetic Acid (PAA) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Phenylacetic Acid (PAA) Market Segment Percentages, by Type, 2022 (%)
Global Phenylacetic Acid (PAA) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Phenylacetic Acid (PAA) Market Segment Percentages, by Application, 2022 (%)
Global Phenylacetic Acid (PAA) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Phenylacetic Acid (PAA) Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Phenylacetic Acid (PAA) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Phenylacetic Acid (PAA) revenues share in global market, 2022 (%)
Key companies Phenylacetic Acid (PAA) sales in global market, 2018-2023 (Estimated), (MT)
Key companies Phenylacetic Acid (PAA) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: