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According to the latest research, the global Hydroxy Benzo Nitrile (HBN) market size was valued at USD 113.41 million in 2022 and is expected to expand at a CAGR of 4.55% during the forecast period, reaching USD 148.15 million by 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.
This report elaborates on the market size, market characteristics, and market growth of the Hydroxy Benzo Nitrile (HBN) industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Hydroxy Benzo Nitrile (HBN). The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Hydroxy Benzo Nitrile (HBN) Market Report Include:
Market Size Estimates: Hydroxy Benzo Nitrile (HBN) market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Hydroxy Benzo Nitrile (HBN) market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Hydroxy Benzo Nitrile (HBN) market
Segment Market Analysis: Hydroxy Benzo Nitrile (HBN) market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Hydroxy Benzo Nitrile (HBN) market situations and prospects in major and top regions and countries
Hydroxy Benzo Nitrile (HBN) Market
Hydroxy Benzo Nitrile (HBN) Industry Chain: Hydroxy Benzo Nitrile (HBN) market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Hydroxy Benzo Nitrile (HBN) Industry News, Policies by regions
Hydroxy Benzo Nitrile (HBN) Industry Porters Five Forces Analysis
Key players in the global Hydroxy Benzo Nitrile (HBN) market are covered in Chapter 2:
Pingyuan Xinda Chemical
Hubei Yuanhuan Industrial Investment
Tianchen Chemical
Anhui Guangxin Agrochemical Co., Ltd
Alzchem
Jiangxi Yangpu Biotechnology Co., Ltd.
Changzhou Huihe Chemical
Xiangyang Yujue Chemical
Hangzhou Xinyuanzhong Chemical Co., Ltd.
Yongtong Co., Ltd.
In Chapter 6 and Chapter 9, 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 7 and Chapter 10, on the basis of applications, 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 of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Hydroxy Benzo Nitrile (HBN) market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Hydroxy Benzo Nitrile (HBN) industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Hydroxy Benzo Nitrile (HBN) market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Hydroxy Benzo Nitrile (HBN) industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Hydroxy Benzo Nitrile (HBN) market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Hydroxy Benzo Nitrile (HBN) market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Hydroxy Benzo Nitrile (HBN) market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain 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.
This report elaborates on the market size, market characteristics, and market growth of the Hydroxy Benzo Nitrile (HBN) industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Hydroxy Benzo Nitrile (HBN). The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Hydroxy Benzo Nitrile (HBN) Market Report Include:
Market Size Estimates: Hydroxy Benzo Nitrile (HBN) market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Hydroxy Benzo Nitrile (HBN) market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Hydroxy Benzo Nitrile (HBN) market
Segment Market Analysis: Hydroxy Benzo Nitrile (HBN) market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Hydroxy Benzo Nitrile (HBN) market situations and prospects in major and top regions and countries
Hydroxy Benzo Nitrile (HBN) Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Hydroxy Benzo Nitrile (HBN) Industry Chain: Hydroxy Benzo Nitrile (HBN) market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Hydroxy Benzo Nitrile (HBN) Industry News, Policies by regions
Hydroxy Benzo Nitrile (HBN) Industry Porters Five Forces Analysis
Key players in the global Hydroxy Benzo Nitrile (HBN) market are covered in Chapter 2:
Pingyuan Xinda Chemical
Hubei Yuanhuan Industrial Investment
Tianchen Chemical
Anhui Guangxin Agrochemical Co., Ltd
Alzchem
Jiangxi Yangpu Biotechnology Co., Ltd.
Changzhou Huihe Chemical
Xiangyang Yujue Chemical
Hangzhou Xinyuanzhong Chemical Co., Ltd.
Yongtong Co., Ltd.
In Chapter 6 and Chapter 9, 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 7 and Chapter 10, on the basis of applications, 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 of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Hydroxy Benzo Nitrile (HBN) market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Hydroxy Benzo Nitrile (HBN) industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Hydroxy Benzo Nitrile (HBN) market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Hydroxy Benzo Nitrile (HBN) industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Hydroxy Benzo Nitrile (HBN) market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Hydroxy Benzo Nitrile (HBN) market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Hydroxy Benzo Nitrile (HBN) market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain 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.
