Phenylacetonitrile Market Size, Share & Industry Analysis, By Application (Food & beverage, Cosmetics, Pharmaceutical, Chemicals, Others) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
The phenylacetonitrile is also called benzene acetonitrile, benzyl cyanide, and 2-Phenylacetonitrile. It is acetonitrile, where one of the methyl hydrogens is substituted with the phenyl group. It has an aromatic odor, appears as a colorless oily liquid, and insoluble in water. Furthermore, with the help of phenylacetic acid, the phenylacetonitrile is used to produce flavors and perfumes. It is also used as an intermediate for the manufacturing of insecticides, synthetic barbiturates, and in the synthesis of optical bleaches for fibers. The phenylacetonitrile finds its applications in the cosmetics, pharmaceutical, food & beverage, and chemical industries.
The rising demand for phenylacetonitrile in the pharmaceutical and cosmetics industries will fuel market growth. In pharmaceutical industry, the product is used to improve drug synthesizing. It is also utilized as a prominent ingredient in various antimalarial and antidepressant drugs. Whereas, in cosmetics industry, phenylacetonitrile is utilized as a key ingredient in several anti-fungal ointments that aids to cure skin infection. The increasing skin consciousness in the consumers coupled with development in the phenylacetonitrile product will lead to a rise the product adoption in the pharmaceutical and cosmetics industry. Hence, these factors will help to contribute prominent market growth during the forecast timeline.
However, the direct contact or inhalation of phenylacetonitrile can cause skin irritation and hypertension, which reduces its use in various applications. Hence, this is anticipated to hamper the market growth.
Key Market Driver -
Rising demand for phenylacetonitrile in the pharmaceutical and cosmetics industries to drive the market growth
Key Market Restraint -
Hazardous health impact of the product to restrict the market growth
Market Segmentation:
Based on application, the phenylacetonitrile market is segmented into food & beverage, cosmetics, pharmaceutical, chemicals, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Players Covered:
The key players in the phenylacetonitrile market includes The Good Scents Company (tgsc), MolPort, Tokyo Chemical Industry Co., Ltd., Alfa Aesar, LGC Limited, SynZeal., CHEM SERVICE, INC.,Chemicalland21, ALS Environmental, Santa Cruz Biotechnology, Inc., and Enamine Ltd.
Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenarios
- Porters Five Forces Analysis
Regional Analysis:
Asia Pacific is anticipated to witness sustainable growth in the phenylacetonitrile market. The growth is due to the rapidly growing food & beverage industry, which further leads to rising product adoption as an agent in the food additives. The rising product demand in the pharmaceutical industry will fuel the phenyl acetonitrile market growth in Europe. In North America, the product is utilized as an ingredient for several anti-fungal ointments. Hence, rising adoption will further lead to contribute market growth in this region. The Middle East & Africa is anticipated to witness significant growth, owing to the rising demand of the phenylacetonitrile in various chemicals.
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Segmentation
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- Ongoing
- 2023
- 2019-2022
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