Global Phloroglucinol Market Research Report 2022

Phloroglucinol is an organic compound that is mainly used in pharmaceuticals. Its molecular formula is C3H6O3, with molecular weight of 126.11004 g/mol. Phloroglucinol can be used to relieve convulsions as bulk pharmaceutical and manufacture various pharmaceuticals as pharmaceutical chemical intermediates. In industry, phloroglucinol can be applied in aqueous adhesives and it also serve as a coupler in textiles dyeing.
Market Analysis and Insights: Global Phloroglucinol Market
Due to the COVID-19 pandemic, the global Phloroglucinol market size is estimated to be worth US$ 17 million in 2022 and is forecast to a readjusted size of US$ 21 million by 2028 with a CAGR of 3.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Pharmaceutical Grade accounting for % of the Phloroglucinol global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Pharmaceuticals segment is altered to an % CAGR throughout this forecast period.
Global Phloroglucinol key players include Taixing Yinxin Chemical, Jiangsu Dingye Pharmaceutical, Beijing Wisdom Chemicals, Hebei Jianxin Chemical, Shouguang Fukang Pharmacy, etc. Global top five manufacturers hold a share over 85%.
United States is the largest market, with a share over 30%, followed by Europe and China, both have a share over 35%.
In terms of product, Pharmaceutical Grade is the largest segment, with a share over 85%. And in terms of application, the largest application is Pharmaceuticals, followed by Dyeing Couplers, Adhesive Resins, etc.
Global Phloroglucinol Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Phloroglucinol Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Pharmaceutical Grade
Industrial Grade
Segment by Application
Pharmaceuticals
Adhesive Resins
Dyeing Coupler
By Company
Taixing Yinxin Chemical
Jiangsu Dingye Pharmaceutical
Beijing Wisdom Chemicals
Hebei Jianxin Chemical
Shouguang Fukang Pharmacy
Kaifeng Mingren Pharmaceutical
Clent Chemical
Production by Region
China
North America
Europe
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina