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The global Hydroxy Benzo Nitrile (HBN) market size was valued at USD 113.41 Million in 2022 and will reach USD 148.15 Million in 2028, with a CAGR of 4.55% during 2022-2028.
Impact of Russia and Ukraine War
The Russian invasion of Ukraine has had an impact on agricultural markets and threatened the food security of millions of people in and outside the Black Sea region. Ukraine and Russia are major exporters of wheat, barley, corn and edible oils, and the conflict has disrupted planting and harvesting seasons in Ukraine, damaging vital farmland, shops, infrastructure and production, especially in eastern Ukraine. In addition, the conflict has disrupted shipping in the Black Sea, from which Ukraine exports about 90 percent of its grain. Agricultural production activities are forced to stop due to the war, and the demand for herbicides and other related pesticides will also decline, which will affect the development of the Hydroxy Benzo Nitrile (HBN) market.
Rising demand for Bunitrolol will stimulate the intermediates market
Hypertension is one of the most common chronic diseases and the most important risk factor for heart disease, stroke, kidney disease and death. The prevalence of hypertension is likely to increase further as the population ages. Most hypertension is primary hypertension, which generally cannot be cured, and will accompany for life, requiring long-term medication. Bunitrolol is commonly used in the treatment of hypertension and angina pectoris, and an increase in the prevalence of hypertension will increase the need of Bunitrolol. Hydroxy Benzo Nitrile (HBN) is an intermediate of Bunitrolol, which is closely related to the market development of Bunitrolol. The expansion of the demand for Bunitrolol will further stimulate the market development of Hydroxy Benzo Nitrile (HBN).
Epidemic impact
Since the outbreak of the epidemic, all walks of life have been affected to a certain extent, and the Hydroxy Benzo Nitrile market is also unavoidably affected. The first is the introduction of epidemic prevention and control policies by countries around the world, which has affected workers' resumption of work and production, and the second is the rise in logistics, especially shipping costs. Finally, the global spread of the epidemic also had a big impact on product sales.
Region Overview:
Geographically, Asia Pacific held the largest market share – 64.6% in 2021.
Company Overview:
Anhui Guangxin Agrochemical Co., Ltd is one of the major players operating in the Hydroxy Benzo Nitrile (HBN) market, holding a share of 24.96% in 2022.
Anhui Guangxin Agrochemical Co., Ltd.
Anhui Guangxin Agrochemical Co., Ltd. is a high-tech enterprise engaged in the research and development, production and sales of pesticide technicals, pesticide preparations and intermediates. The company has two main production factories located separately in Guangde City of Anhui Province and Dongzhi County Economic Development Zone (formerly Xiangyu Chemical Park).
Hubei Yuanhuan Industrial Investment
Hubei Yuanhuan Industrial Investment Co., Ltd. covers an area of 190 acres. The company is mainly engaged in the production and operation of fine chemical products. The company has 120 engineers, managers and senior technicians of various types. The company mainly produces and operates: o-chlorobenzaldehyde, o-chlorobenzoic acid, p-cyanophenol, zinc chloride, etc. The products are exported to Europe, India, Japan, etc. country.
Segmentation Overview:
By type, 2-Hydroxybenzonitrile segment accounted for the largest share of market in 2021.
4-Hydroxybenzonitrile
4-Hydroxybenzonitrile is a chemical substance with the molecular formula of C7H5NO. The pure product is a lustrous scaly white crystal, which is soluble in various organic solvents and easily soluble in hot water. It is an important fine chemical raw material and intermediate, and is an intermediate of the herbicide bromoxynil and the insecticides borer nitrile and benzo nitrile phosphorus.
2-Hydroxybenzonitrile
2-Hydroxybenzonitrile (CAS NO.611-20-1) is an intermediate of Bunitrolol (a drug for the treatment of hypertension and angina). It is used in the synthesis of CDK/GSK-3 inhibitors, for usage as therapeutics in Alzheimer’s. As a pesticide intermediate, it can be used to synthesize the fungicide azoxystrobin, and it can also synthesize a variety of spices and liquid crystal materials, etc.
Application Overview:
The market's largest segment by application is the segment Pesticide Intermediate, with a market share of 62.8% in 2021.
Pesticide Intermediate
Pesticide intermediates are products produced by processing agricultural raw materials, and are an intermediate medium that combines two or more substances. It can be understood as a synergist in pesticides, which is an intermediate material for the production of pesticides.
Pharmaceutical Intermediates
Pharmaceutical intermediates are chemicals compounds widely used in manufacturing various types of drug in bulk quantity also used for research and development by Pharmaceutical and biopharma companies.
The Hydroxy Benzo Nitrile (HBN) market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Hydroxy Benzo Nitrile (HBN) market covered in Chapter 4:
Pingyuan Xinda Chemical
Anhui Guangxin Agrochemical Co., Ltd
Alzchem
Hangzhou Xinyuanzhong Chemical Co., Ltd.
Changzhou Huihe Chemical
Jiangxi Yangpu Biotechnology Co., Ltd.
Yongtong Co., Ltd.
Hubei Yuanhuan Industrial Investment
Xiangyang Yujue Chemical
Tianchen Chemical
In Chapter 12 and Chapter 14.1, on the basis of types, the Hydroxy Benzo Nitrile (HBN) market from 2018 to 2028 is primarily split into:
4-Hydroxybenzonitrile
2-Hydroxybenzonitrile
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Hydroxy Benzo Nitrile (HBN) market from 2018 to 2028 covers:
Pesticide Intermediate
Pharmaceutical Intermediates
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Hydroxy Benzo Nitrile (HBN) market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Hydroxy Benzo Nitrile (HBN) market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Hydroxy Benzo Nitrile (HBN) industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Hydroxy Benzo Nitrile (HBN) industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Hydroxy Benzo Nitrile (HBN) market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Hydroxy Benzo Nitrile (HBN) market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Hydroxy Benzo Nitrile (HBN) market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Hydroxy Benzo Nitrile (HBN) market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
Impact of Russia and Ukraine War
The Russian invasion of Ukraine has had an impact on agricultural markets and threatened the food security of millions of people in and outside the Black Sea region. Ukraine and Russia are major exporters of wheat, barley, corn and edible oils, and the conflict has disrupted planting and harvesting seasons in Ukraine, damaging vital farmland, shops, infrastructure and production, especially in eastern Ukraine. In addition, the conflict has disrupted shipping in the Black Sea, from which Ukraine exports about 90 percent of its grain. Agricultural production activities are forced to stop due to the war, and the demand for herbicides and other related pesticides will also decline, which will affect the development of the Hydroxy Benzo Nitrile (HBN) market.
Rising demand for Bunitrolol will stimulate the intermediates market
Hypertension is one of the most common chronic diseases and the most important risk factor for heart disease, stroke, kidney disease and death. The prevalence of hypertension is likely to increase further as the population ages. Most hypertension is primary hypertension, which generally cannot be cured, and will accompany for life, requiring long-term medication. Bunitrolol is commonly used in the treatment of hypertension and angina pectoris, and an increase in the prevalence of hypertension will increase the need of Bunitrolol. Hydroxy Benzo Nitrile (HBN) is an intermediate of Bunitrolol, which is closely related to the market development of Bunitrolol. The expansion of the demand for Bunitrolol will further stimulate the market development of Hydroxy Benzo Nitrile (HBN).
Epidemic impact
Since the outbreak of the epidemic, all walks of life have been affected to a certain extent, and the Hydroxy Benzo Nitrile market is also unavoidably affected. The first is the introduction of epidemic prevention and control policies by countries around the world, which has affected workers' resumption of work and production, and the second is the rise in logistics, especially shipping costs. Finally, the global spread of the epidemic also had a big impact on product sales.
Region Overview:
Geographically, Asia Pacific held the largest market share – 64.6% in 2021.
Company Overview:
Anhui Guangxin Agrochemical Co., Ltd is one of the major players operating in the Hydroxy Benzo Nitrile (HBN) market, holding a share of 24.96% in 2022.
Anhui Guangxin Agrochemical Co., Ltd.
Anhui Guangxin Agrochemical Co., Ltd. is a high-tech enterprise engaged in the research and development, production and sales of pesticide technicals, pesticide preparations and intermediates. The company has two main production factories located separately in Guangde City of Anhui Province and Dongzhi County Economic Development Zone (formerly Xiangyu Chemical Park).
Hubei Yuanhuan Industrial Investment
Hubei Yuanhuan Industrial Investment Co., Ltd. covers an area of 190 acres. The company is mainly engaged in the production and operation of fine chemical products. The company has 120 engineers, managers and senior technicians of various types. The company mainly produces and operates: o-chlorobenzaldehyde, o-chlorobenzoic acid, p-cyanophenol, zinc chloride, etc. The products are exported to Europe, India, Japan, etc. country.
Segmentation Overview:
By type, 2-Hydroxybenzonitrile segment accounted for the largest share of market in 2021.
4-Hydroxybenzonitrile
4-Hydroxybenzonitrile is a chemical substance with the molecular formula of C7H5NO. The pure product is a lustrous scaly white crystal, which is soluble in various organic solvents and easily soluble in hot water. It is an important fine chemical raw material and intermediate, and is an intermediate of the herbicide bromoxynil and the insecticides borer nitrile and benzo nitrile phosphorus.
2-Hydroxybenzonitrile
2-Hydroxybenzonitrile (CAS NO.611-20-1) is an intermediate of Bunitrolol (a drug for the treatment of hypertension and angina). It is used in the synthesis of CDK/GSK-3 inhibitors, for usage as therapeutics in Alzheimer’s. As a pesticide intermediate, it can be used to synthesize the fungicide azoxystrobin, and it can also synthesize a variety of spices and liquid crystal materials, etc.
Application Overview:
The market's largest segment by application is the segment Pesticide Intermediate, with a market share of 62.8% in 2021.
Pesticide Intermediate
Pesticide intermediates are products produced by processing agricultural raw materials, and are an intermediate medium that combines two or more substances. It can be understood as a synergist in pesticides, which is an intermediate material for the production of pesticides.
Pharmaceutical Intermediates
Pharmaceutical intermediates are chemicals compounds widely used in manufacturing various types of drug in bulk quantity also used for research and development by Pharmaceutical and biopharma companies.
The Hydroxy Benzo Nitrile (HBN) market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Hydroxy Benzo Nitrile (HBN) market covered in Chapter 4:
Pingyuan Xinda Chemical
Anhui Guangxin Agrochemical Co., Ltd
Alzchem
Hangzhou Xinyuanzhong Chemical Co., Ltd.
Changzhou Huihe Chemical
Jiangxi Yangpu Biotechnology Co., Ltd.
Yongtong Co., Ltd.
Hubei Yuanhuan Industrial Investment
Xiangyang Yujue Chemical
Tianchen Chemical
In Chapter 12 and Chapter 14.1, on the basis of types, the Hydroxy Benzo Nitrile (HBN) market from 2018 to 2028 is primarily split into:
4-Hydroxybenzonitrile
2-Hydroxybenzonitrile
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Hydroxy Benzo Nitrile (HBN) market from 2018 to 2028 covers:
Pesticide Intermediate
Pharmaceutical Intermediates
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Hydroxy Benzo Nitrile (HBN) market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Hydroxy Benzo Nitrile (HBN) market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Hydroxy Benzo Nitrile (HBN) industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Hydroxy Benzo Nitrile (HBN) industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Hydroxy Benzo Nitrile (HBN) market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Hydroxy Benzo Nitrile (HBN) market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Hydroxy Benzo Nitrile (HBN) market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Hydroxy Benzo Nitrile (HBN) market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
