2-Iodophenol Market Size & Share, by Application (Homecare, Medical & Pharmaceutical, Agrochemicals, Specialty Chemicals); End Use Industry (Pharmaceutical, Agrochemical, Textile, Cosmetic) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5912
  • Published Date: Mar 22, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024 -2036

2-Iodophenol Market size is anticipated to reach USD 149 billion by the end of 2036, growing at a CAGR of 6% during the forecast period i.e., 2024-2036. In the year 2023, industry size of 2-Iodophenol was USD 40 billion. The market growth can be primarily driven by expansion of pharmaceutical sector in the recent times, providing lucrative opportunities for 2-Iodophenol. They are used as a substitute in the synthesis of numerous pharmaceutical compounds comprising drugs for cardiovascular diseases, antiviral agents and anti-inflammatory agents. Overall Pharmaceutical sector is expected to spend USD 1 trillion by the end of 2036. 

Furthermore, 2-Iodophenol is used in the production of commercial and industrial disinfectant which can regarded as an important factor driving the growth of the market. Therefore, increasing awareness all cross about cleanliness and proper hygiene is expected to drive the growth of the market during the forecast period.


2-Iodophenol Market
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2-Iodophenol Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand in Agrochemical Applications - Increasing application of 2-idodphenol in the synthesis of multiple agrochemical such as pesticides, fungicides, herbicides and insecticides. The rapid demand for effective crop protection solution and increasing need for high in quality agricultural products is anticipated to drive the growth of the 2-Iodophenol market in the forecast period. In order to harvest the crops, farmers need safe and sustainable solutions. FAO estimates that about 20% to 40% of the world's crops are destroyed by weed, pest and disease. These losses would have been much higher without the use of safe and reliable crop protection solutions. Therefore, these factors are predicted to drive the growth of the market in the upcoming timeframe.
  • High Demand in Specialty Chemicals - 2-Iodophenol is generally considered a key component in the production of specialty chemicals. It is highly utilized in the production of dye, pigments, and other fine chemicals. The rapidly rising cosmetic, printing and textile industry is set to drive the expansion of 2-Iodophenol market in the anticipated time period.
  • Increasing Government Support in Enhancing Healthcare - It is crucial for emerging economies especially to address the challenges posed by safety nets, informality, and strengthen the health system in those regions. Additional stimulus could be considered if the effects of the Pandemic continue, in emerging markets and developing economies with sufficient budgetary space and accessible financing resources. Measures to help ensure that medium term fiscal sustainability is sustainably restored, including strengthening of budgetary frameworks and increasing domestic levels should accompany this step. Raising the efficiency of revenue mobilization and spending, as well as increasing transparency in fiscal and debt matters. A key step towards creating an attractive investment climate, which could make significant progress this year, is the transparency of all government financial commitments, debt instruments and investments.

Challenges

  • Environmental Concerns - Application of 2-Iodophenol includes exposure of harmful chemicals to environment that might have negative effect over environment. Therefore, strict regulatory actions and increasing focus on sustainability might act a challenge for the market in the forthcoming years.
  • Health and Safety Regulations Associated are expected to hinder the market growth in the upcoming period
  • Volatility in raw material prices is set to hamper the 2-Iodophenol market expansion in the projected period

2-Iodophenol Market: Key Insights

Base Year

2023

Forecast Year

2024 - 2036

CAGR

~6%

Base Year Market Size

~USD 40 billion

Forecast Year Market Size

~USD 149 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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2-Iodophenol Segmentation

Application (Homecare, Medical & Pharmaceutical, Agrochemicals, Specialty Chemicals)

In terms of application, the medical & pharmaceutical segment is predicted to account for 40% share of the global 2-Iodophenol market by 2036. The growth of this market can be attributed on the account of increasing use of 2-Iodophenol as an alternative in the synthesis of numerous pharmaceutical drugs such as in 2-Iodophenol is utilized in the synthesis of oseltamivir a drug utilized to cure and prevent influenza infection. Furthermore, it is also used in the synthesis of another antifungal drug fluconazole to treat a variety of fungal infections. Additionally, the segment growth is anticipated the driven by the growing prevalence of chronic diseases. Annually chronic diseases take away life of around 41 million people that is equal to 71% of world’s population.

End Use Industry (Pharmaceutical, Agrochemical, Textile, Cosmetic)

Based on end use industry, the agrochemical segment in 2-Iodophenol market is anticipated to be the fastest growing market in the projected time period. The growth of this market can be attributed on the back of escalating demand effective crop protection solution and increasing demand for efficient agricultural products resulting in high growth in 2-Iodophenol market in the forecast period.

Our in-depth analysis of the global 2-Iodophenol market includes the following segments:

          Application

  • Homecare
  • Medical & Pharmaceutical
  •  Agrochemicals
  •  Specialty Chemicals

          End Use Industry

  • Pharmaceutical
  • Agrochemical
  • Textile
  • Cosmetic

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2-Iodophenol Industry - Regional Synopsis

APAC Market Forecasts

The 2-Iodophenol market in the Asia Pacific is predicted to hold the highest revenue share of 58% by 2036. In Asia Pacific, China is the largest producer of phenol which predicted to be the factor behind the growth this market in the Asia Pacific region. In 2020, China's demand for phenol is estimated at 2690.2 thousand tons, while by 2030 it is expected to increase to 539.8 thousand tons. This leading position is thoroughly enjoyed by Asia Pacific region owing to increasing consumption and production of phenol in China. Addition China is one of the biggest markets for chemical and pharmaceutical sector. Furthermore, growing purchasing strength in consumers have significantly raised the rate of investments in chemical, construction and automotive sector in the region as a result driving the growth of the market in the forecast period. Except for China the market is also anticipated to grow in other parts of region such as in India and other ASEAN countries. Growing healthcare expenditure, financial development and supportive policy environment is anticipated to escalate the market growth in the Asia Pacific region during the time period between 2024-2036.

European Market Statistics

The 2-Iodophenol market in the European region is set to grow significantly during the forecast period 2024-2036. The growth of this market can be attributed on the account of increasing presence of pandemic in this region. High utilization of 2-Iodophenol in medical and pharmaceutical application in the European region is set to drive the growth of the market in the projected period. Presence of advanced and developed pharmaceutical industry in the Europe region is s a significant factor driving the growth of the market in the projected period. Additionally, increasing focus on sustainable material and strict environmental standards are raising the demand for eco-friendly chemical products as a result driving the market growth in the Europe region during the time period between 2024-2036.  Furthermore, phenol and substitutes play significant of chemical solvent in various sectors in the region that include chemical, biology and medical laboratories to households this poised to drive the expansion of market in the upcoming period.

Research Nester
2-Iodophenol Market size
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Companies Dominating the 2-Iodophenol Market

top-features-companies
    • Sarex Overseas
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Spec-Chem products Inc
    • Kingreat company Ltd
    • Sancai Industry
    • Daming Changda Co Ltd
    • Xiamen Equation Chemical Co Ltd
    • Autech Industry Co Itd
    • Fintech Industry Ltd
    • Skyrun Industrial Co Ltd
    • Spartan Chemical Company

In-the-news

In The News

  • A 2-Iodophenol product SARAGAURD 5700 is a non-leaching, methanol-free, anti-viral and anti-bacterial agent that is suitable to be used in all kinds of textiles. It is made to protect a garment not only from virus but also from bacteria and fungi.
  • SARAGAURD FL is totally “MADE IN INDIA” product which anti-viral and anti-bacterial agent utilized in all kinds of textiles as well as in their subsidiaries. 

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5912
  • Published Date: Mar 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand in agrochemical application and increasing demand in production of disinfectant are some of the major factors anticipated to drive the growth of the 2-Iodophenol market.

The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2024-2036.

The major players in the market are of Daming Changda Co Ltd, Xiamen Equation Chemical Co Ltd, Autech Industry Co Itd, Fintech Industry Ltd, Skyrun Industrial Co Ltd, Spartan Chemical Company, and others.

The medical and healthcare segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in Asia Pacific is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
2-Iodophenol Market Report Scope
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