TOP CATEGORY: Chemicals & Materials | Life Sciences | Banking & Finance | ICT Media
Click for best price
| Market size in 2024 | US$ 158.9 million |
Forecast Market size by | US$ N/A |
|---|
The "Global 2-chloronicotinicacid Market" size was valued at US$ 158.9 million in 2024 and is projected to reach US$ 215.4 million by 2030, at a CAGR of 5.2% during the forecast period 2024-2030.
The "United States 2-chloronicotinicacid Market" size was valued at US$ 46.7 million in 2024 and is projected to reach US$ 61.2 million by 2030, at a CAGR of 4.6% during the forecast period 2024-2030.
2-chloronicotinicacid is an important chemical intermediate used in the production of agrochemicals and pharmaceutical compounds.
The global 2-chloronicotinicacid market is growing steadily, driven by agricultural chemical production and pharmaceutical synthesis. In 2023, total production reached 5,600 metric tons, with agrochemical applications accounting for 58% of demand. The high-purity segment is the fastest-growing at 5.7% annually. The market saw a 14% increase in demand for pharmaceutical applications in 2023, reflecting industry growth. Technical grade dominates with a 68% market share, while pharmaceutical grade is growing at 5.4% annually. Asia Pacific leads with a 47% market share and is also the fastest-growing region at 5.6% CAGR. The industry is focusing on developing cost-effective production methods, with a 19% growth in R&D investments for process efficiency.
Report Overview
2-Chloronicotinic acid (2-CA) is an important building block for a series of agrochems and pharmaceuticals.
2-Chloronicotinic Acid Market provides a deep insight into the global 2-Chloronicotinic Acid market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global 2-Chloronicotinic Acid Market, 2-Chloronicotinic Acid Market introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, 2-Chloronicotinic Acid Market is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the 2-Chloronicotinic Acid market in any manner.
Global 2-Chloronicotinic Acid Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
By Type
By Application
Geographic Segmentation
Key Benefits of This Market Research:
Key Reasons to Buy this Report:
| Report Attributes | Report Details |
|---|---|
| Report Title | Global 2-Chloronicotinic Acid Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 158.9 million |
| Forecast Market size by | US$ N/A |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 113 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
Frequently Asked Questions ?
