Phloroglucinol is an organic compound which is used for the synthesis of explosives and pharmaceuticals. Phloroglucinol is a derivative of phenol and has antispasmodic characteristics. It is also used for gallstones treatment, bladder spasm after transurethral resection of the prostate, irritable bowel syndrome, and others.
Market Data Analysis:
The Phloroglucinol market is projected to be valued at USD 10 million in 2019 and is anticipated to generate revenue of USD 13 million by the end of 2026, progressing at a GAGR of 3.52% between 2019 and 2026. According to the report, one of the key drivers is the growing demand for Phloroglucinol in the Pharmaceutical sector on account of the increasing incidences of chronic diseases. In addition, the reduced adverse effects of drug supplements will also propel the growth of the market. On the contrary, the frequent and increased use of phloroglucinol may adverse health effects, which is expected to obstruct the growth of the market. The increasing investment in the production of phloroglucinol by major manufacturers is anticipated to provide new opportunities for the market in the coming years.
North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa are the key regional segments in the Phloroglucinol global market. Europe was the major revenue generating region in 2018 with a share of 33.07% and is expected to garner growth in the coming years. North America is currently leading Asia-Pacific with a market share of 32.62% and 25.37%. The upsurge in the aging population is one of the major factors boosting the growth of the market in the North America region. Furthermore, advancement in the medical facility in this region is also anticipated to fuel market growth in the near future. Asia-Pacific is expected to witness noticeable growth during the forecast period.
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Market Classification:
Global Phloroglucinol market: Type segments
l 1,3,5-Benzenetriol
l 1,2,4-Benzenetriol
l 1,2,3-Benzenetriol
Global Phloroglucinol market: Application segments
l Tests
l Printing
l Pharmaceuticals
l Others
Global Phloroglucinol market: regional segments
l North America (United States, Canada, and Mexico)
l Europe (Germany, France, UK, Russia, and Italy)
l Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
l South America (Brazil, Argentina, Columbia)
l The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Phloroglucinol market, including Wisdomchem, Sunny Industry, Yinxin Chemical, Clent Chemical, Sunglong Biotech, Shouguang Fukang, etc. These participants have adopted various growth strategies to meet the growing demand for Phloroglucinol market and to increase their market share.
Phloroglucinol Market Intended Audience:
l Phloroglucinol manufacturers
l Phloroglucinol importers and exporters
l Phloroglucinol traders, distributors, and suppliers
l Raw material suppliers of Phloroglucinol
l Phloroglucinol industry associations
l Product managers, Phloroglucinol industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Healthcare organizations
l Research & Clinical Laboratories
l Universities, students, professors, and other academic organizations
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Phloroglucinol Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Phloroglucinol Market by Types
4 Segmentation of Phloroglucinol Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Phloroglucinol Market in Major Countries
7 North America Phloroglucinol Landscape Analysis
8 Europe Phloroglucinol Landscape Analysis
9 Asia Pacific Phloroglucinol Landscape Analysis
10 Latin America, Middle East & Africa Phloroglucinol Landscape Analysis
11 Major Players Profile
11.1 Wisdomchem
11.1.1 Wisdomchem Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Sunny Industry
11.3 Yinxin Chemical
11.4 Clent Chemical
11.5 Sunglong Biotech
11.6 Shouguang Fukang
…
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