Phloroglucinol Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC566

Introduction

Phloroglucinol is referred as an organic compound which is used for synthesis of explosives, and pharmaceuticals. Phloroglucinol is derivative of phenol and have antispasmodic characteristics. It is also used for gallstones treatment, bladder spasm after transurethral resection of the prostrate, irritable bowel syndrome, and others.

Market Dynamics

The global phloroglucinol market is driven by increasing incidences of chronic diseases. Moreover, the reduced adverse effects of drug supplements are also expected to boost the demand of phloroglucinol during the forecast period. However, the frequent and increased use of phloroglucinol may cause ill effects on health and is majorly restraining the market growth. Furthermore, rigorous regulatory norms essential for manufacturing of phloroglucinol also hampers the growth of global phloroglucinol market. Nevertheless, the increase in investment by major manufacturers to produce phloroglucinol products is expected to provide major growth opportunities during the forecast period.

Market Classification and Overview

The phloroglucinol market is bifurcated based on type, application, and geography. The different types of phloroglucinol include 1,3,5-Benzenetriol, 1,2,4-Benzenetriol, and 1,2,3-Benzenetriol. Tests, printing, pharmaceuticals, and others are the major applications of phloroglucinols. Pharmaceuticals was the largest market for phloroglucinol in 2017 because of the increased need for medication for chronic diseases.

Regional Overview

The market for phloroglucinol is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). North America was the major contributors to the growth of phloroglucinol market in 2015, owing to the upsurge in aging population in the region. Moreover, advancement in medical facility in the region also boosts the phloroglucinol market. Asia-Pacific is projected to be the fastest growing market during the forecast period. China, India, Singapore, Taiwan, and Indonesia are expected to enhance the market growth during the forecast period. Europe was the second biggest market followed by Asia-Pacific.

Report Coverage

Market

Phloroglucinol Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Type, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

Beijing Wisdom Chemicals Co. Ltd., Taixing Yinxin Chemical Co. Ltd, Sunny Industry Private Limited, Clent Chemical Co. Ltd, Shouguang Fukang Pharmacy Limited Company, Sunlong Biotech Co. Ltd., V & V Pharma Industries, Sanify Healthcare Pvt. Ltd., Vee Excel Drugs and Pharmaceuticals Pvt Ltd., and Trio Lifescience Pvt Ltd. are some of the key companies engaged in manufacturing phloroglucinol.

Market Segmentation

Market By Type

·         1,3,5-Benzenetriol

·         1,2,4-Benzenetriol

·         1,2,3-Benzenetriol

Market By End-Use Industry

·         Tests

·         Printing

·         Pharmaceuticals

·         Others

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

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