Market Research Reports, Business Consulting Services & Analytics

Increases the demand for agrochemicals, in turn boosting the O-Nitroacetophenone Market growth.

HYDERABAD, TELANGANA, INDIA, February 14, 2023 /EINPresswire.com/ -- IndustryARC, in its latest report, predicts that The O-Nitroacetophenone Market size is forecast to reach US$120 million by 2027 after growing at a CAGR of 4.1% during the forecast period 2022-2027. O-nitroacetophenone is a liquid with clear yellow color with a molecular formula C8H7NO3. It is also known as acetophenone 2-nitro, 2'-nitroacetophenone, 2-acetylnitrobenzene, and methyl 2-nitrophenyl ketone. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

Click here to browse the complete report summary:
https://www.industryarc.com/Research/O-Nitroacetophenone-Market-Research-511927

Key takeaways:

This IndustryARC report on the O-Nitroacetophenone Market highlights the following areas -

1. Asia Pacific is the leading region in the global o-nitroacetophenone market. This growth is mainly attributed to the increased demand for o-nitroacetophenone in chemical and pharmaceutical industries.

2. The significant growth in demand and production of agrochemicals is driving the growth of global o-nitroacetophenone market.

3. O-nitroacetophenone plays a significant role as a pharmaceutical intermediate. The surge in development of global pharmaceutical industry is providing ample growth opportunities to the market players operating in global o-nitroacetophenone market.

Interested in knowing more relevant information? Click here:
https://www.industryarc.com/pdfdownload.php?id=511927

Segmental Analysis:

1. The Agrochemical segment held the largest o-nitroacetophenone market share in 2021, with a share of over 24%. O-nitroacetophenone is extensively used as an intermediate in a wide range of applications. It is mainly utilized as raw material in organic synthesis and agrochemicals. Moreover, it is used in agrochemicals such as pesticides and biocidal products.

2. Asia Pacific held the largest o-nitroacetophenone market share in 2021, with a share of 37%. This growth is mainly attributed to the increase in demand for o-nitroacetophenone in several end use industries in this region across pharmaceutical, chemical, textile, and agriculture, etc. The presence of numerous developing countries such as China, India, Indonesia, and Malaysia including others are the major countries supporting the growth of the market.

3. The pharmaceutical segment is expected to grow at a fastest CAGR of 5.7% during the forecast period in the global o-nitroacetophenone market. O-nitroacetophenone is extensively used in organic synthesis and intermediate in pharmaceutical. The global increase in several diseases, need for continuous supply of medicine, and increase in medicine production is supporting the market growth.

Competitive Landscape:

The top 5 players in the O-Nitroacetophenone Industry are -

1. Cleanchem Laboratories
2. Wuhan Kemi-Works Chemical Co., Ltd.
3. Lianyungang Ziyan
4. Vineeth Chemicals
5. Alfa Aesar

Click on the following link to buy the O-Nitroacetophenone Market Report:
https://www.industryarc.com/reports/request-quote?id=511927

Why Choose IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your preferred market report from the website, but also get personalized assistance on specific reports.

Related Reports:

A. Acetophenone Market
https://www.industryarc.com/Report/15322/acetophenone-market.html

B. 3-Nitro Acetophenone Market
https://www.industryarc.com/Report/19696/3-nitro-acetophenone-market.html

Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: venkat@industryarc.com, sales@industryarc.com
USA: (+1) 970-236-3677, (+1) 815-656-4596
IND: (+91) 40-485-49062

Venkat Reddy
IndustryARC
+1 614-588-8538
venkat@industryarc.com
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.