January 28, 2023

The global phenylacetonitrile market size is expected to expand on account of the versatility of the product’s usage in various industries, shares Fortune Business Insights™, in its report, titled, “Phenylacetonitrile Market, 2021-2028.”

Phenylacetonitrile is alternatively called benzene acetonitrile, benzyl cyanide, and 2-Phenylacetonitrile. As it has an aromatic odor, it is used to produce perfumes and flavors with the assistance of phenyl acetic acid. It is also used to manufacture insecticides, to bleach fibers, and others. Furthermore, it is also applied in the cosmetic, chemical industry, pharmaceutical, and food & beverages industries.

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Updated Ethanoic Acid Market News and Forecast Analysis

The Ethanoic Acid Market is a successful enterprise that employs a large number of people and has a significant impact on the global economy. Many readers of this newsletter may be interested to know the trends that will influence the Ethanoic Acid Market in the near future. This article provides a summary of some of these trends, including a few perspectives related to their relevance.

Market Segment

The phenylacetonitrile market is divided into two attributes, such as by application and geography.

On the basis of application, the market is categorized into food & beverages, cosmetic, pharmaceutical, and chemicals. With geographical stand-point, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Highlights of the Report

The report offers an in-depth analysis of the phenylacetonitrile market. A holistic evaluation about the current market trends and future opportunities for business investors is provided in the report. Possible threats and restraints and driving factors in the market are shared in the report. Furthermore, tangible insights about the competitive landscape and key players and their prominent strategies to bolster the market growth are offered in the report.

Market Drivers

High Demand for Benzyl Cyanide from Cosmetic and Pharmaceutical Industry to Spur Growth

The multi-functional property of phenylacetonitrile in various domains is resulting in the surging demand for the product. In the cosmetic industry, the demand for this chemical is increasing with each passing day owing to the rising skin care consciousness amongst people. It is the primary ingredient used in several anti-fungal ointments to cure skin conditions. But, in the pharmaceutical industry, the application of phenylacetonitrile is done in the formation of antimalarial and anti-depressant medication. The consistent use of this chemical in the cosmetic and pharmaceutical industry is set to boost the market growth globally.

However, direct exposure to phenylacetonitrile can cause severe harm. Inhalation of the chemical can result in skin irritation or even hypertension. This may dampen the phenylacetonitrile market growth.

For example, in July 2000 the New Jersey Department of Health and Senior Services published a fact sheet stating the hazardous impacts of the chemical. It stated that the exposure to the chemical can cause irritation to one’s nose, eyes, skin, throat, and lungs resulting in wheezing, coughing, or shortness of breath. The higher level of exposure can cause vomiting, nausea, headache, or can be fatal in some cases.

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Scope of the Report:
An in-depth analysis of statistics on current and emerging trends provides clarity regarding Phenylacetonitrile market dynamics. The report includes Porter’s five forces to analyze the importance of various characteristics such as understanding of suppliers and customers, risks posed by various agents, competitive strength, and promising emerging businessmen to understand a resource. precious. Further, the report covers the Phenylacetonitrile market research data of various companies, benefits, gross margin, global Phenylacetonitrile market strategic decisions, and more through tables, graphs, and figures. infographics.

Regional Insights

Asia Pacific to Ace Fueled by Surging Usage as Food Additive

Asia Pacific to hold the major phenylacetonitrile market share and dominate in the upcoming years. The increasing adoption of the chemical in food and beverages as a food additive is anticipated to boost the market in this region.

The surging demand for the product in the pharmaceutical production is estimated to drive growth in the European region.

In the North American market, the application of the chemical is majorly done in the cosmetic industry for creating antifungal ointments. Hence, the demand for the chemical is high, which, in turn, would result in the regional growth of the market.

Latin America and the Middle East and Africa are set to witness noteworthy progress owing to the increased demand of phenylacetonitrile in these regions.

Competitive Landscape

Acquisitions amongst Key Players to Boost Market Growth

Key players in the market are planning strategies to maintain their positions as leading companies. Some of these strategies are to launch products on regional basis and partner up with competitive players and end-users for a better reach of the product.

For instance, Tokyo Chemical Industry Co. Ltd., a leading chemical manufacturing company acquired Kaunas University of Technology (KTU) in Lithuania who owned the license for the patent for its innovation in synthesized materials.

Industry Development

List of Key Players Covered in the Phenylacetonitrile Industry Report

  • The Good Scents Company
  • MolPort
  • Tokyo Chemical Industry Co., Ltd.
  • Alfa Aesar
  • LCG Limited
  • SynZeal
  • Chemicalland21
  • ALS Environmental
  • Santa Cruz Biotechnology, Inc.
  • Enamine Ltd.

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