4-Nitrobenzoic Acid Market Trends and Forecast 2016 – 2024 | Global Industry Analysis

4-Nitrobenzoic acid is a natural compound and a forerunner to 4-nitrobenzoyl chloride, the antecedent to the analgesic folic acid and procaine. 4-Nitrobenzoic acid has been set up by nitration of polystyrene pursued by oxidation of the alkyl substituent. 4-Nitrobenzoic acid is utilized as a halfway for mass medications particularly in the assembling of 3,5-diaminobenzoic acid, 4-aminobenzoic acid, color transitional and folic acid. 4-Nitrobenzoic acid shows up as yellowish crystalline powder and is dissolvable in methanol and diethyl ether. Folic acid can be utilized as a drug to treat frailty which is brought about by folic acid insufficiency. Folic acid is commonly utilized in relationship with different medications to treat poisonous sickliness. 3,5-Dinitrobenzoic acid is a natural synthetic that is a significant erosion inhibitor and is utilized in photography. 4-Aminobenzoic acid (otherwise called PABA) is a white-dark crystalline substance which is just somewhat solvent in water. It comprises of a benzene ring substituted with a carboxyl gathering and an amino gathering. 4-Aminobenzoic acid is chiefly utilized in the biomedical division to treat fibrotic skin issue, for example, Peyronie’s sickness under the exchange name Potaba. Also, 4-aminobenzoic acid can be utilized to fabricate strength azo colors and crosslinking operators. 4-aminobenzoic acid can likewise utilized in utilized in sunscreens as an UV channel.

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The growth in end user industries is expected to increase the consumption of 4-nitrobenzoic acid. The increase in consumption of folic acid, 3,5-diaminobenzoic acid and 4-aminobenzoic acid is expected to boost demand for 4-nitrobenzoic acid. In addition, rapid urbanization and increasing consumption of food additives from emerging economies of Asia Pacific and Latin America is expected to further increase demand for 4-nitrobenzoic acid. However, availability of substitutes and fluctuating raw material prices could hamper the growth of this market.

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Asia Pacific is expected to be the largest consumer of 4-nitrobenzoic acid followed by North America and Europe. China and India are major consumers of 4-nitrobenzoic acid due to presence of established end user industries. New Zealand, Australia, Vietnam, Japan and Malaysia are other major consumers of 4-Nitrobenzoic acid in Asia Pacific. Latin America is also expected to experience moderate to high growth rate. Argentina and Brazil are major consumers of 4-nitrobenzoic in Latin America. North America and Europe are mature markets and expected to experience low to moderate growth.

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Large and medium chemical and material companies dominate the 4-nitrobenzoic acid market. Some of the key players in this market are  Tianjin Elong Co., Ltd. (China), Labeyond Chemicals (Dalian) Co., Ltd. (China), Shanghai Worldyang Chemical Co., Limited (China), Crescent Chemical Co., Inc. (U.S.), Hefei TNJ Chemical Industry Co., Ltd.(U.S.), Orchid Chemical Supplies Ltd. (China), Shangqiu Kangmeida Bio-Technology Co., Ltd (China),  Yurui (Shanghai) Chemical Co., Ltd. (China),  Shanghai Richem International Co., Ltd.(China), Henan Tianfu Chemical Co., Ltd. (China), Zhengzhou Qiangjin Science And Technology Trading Co., Ltd. (China),Xi’an Leader Biochemical Engineering Co., Ltd.(China), Nanjing Yeshun Industry & International Trading Co., Ltd.(China), Leedskem Agro (India) Ltd. (India), Shri Hari Chemicals (India), Shanghai Richem International Co., Ltd. (China), Toronto Research Chemicals Inc (China), Bayer AG (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.) and E. I. du Pont de Nemours and Company (U.S.) among others.  Companies are using strategic acquisitions and mergers to increase their market share. In addition, companies are investing in research and development to develop superior grades of 4-nitrobenzoic acid.

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