2-Iodophenol Market: By Grade (Pharmaceutical Grade, Industrial Grade), By Purity Level (>98% Purity, >99% Purity), By End-User Industry (Chemical Synthesis, Pharmaceutical, Dyes and Pigments, Others), and Geography

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2-Iodophenol Market was valued at USD 31.4 Billion in 2022 and is poised to grow at a CAGR of 5.4% over 2023-2029. The chemical compound 2-iodophenol, that has the molecular formula C6H5IO, is a derivative of phenol in which an iodine atom (I) is substituted for one of the hydrogen atoms on the phenol ring. It is employed as a starting material or intermediate in various chemical synthesis industries. The increased demand for specialized chemicals in the pharmaceutical industries like 2-iodophenol for the synthesis of drug intermediates and active pharmaceutical ingredients (APIs) in research and drug discovery drives demand for this compound. Furthermore, the requirement of 2-iodophenol in chemical synthesis and organic chemistry as a reagent to participate in various chemical reactions due to the presence of the iodine atom like halogenation, cross-coupling, substitution, and other types of reactions is anticipated to drive the market.

Additionally, producing 2-iodophenol and its derivatives for research institutions and pharmaceutical companies that demand specialty chemicals presents prospects for businesses that provide bespoke synthesis services. Currently, compliance with stringent regulatory and environmental regulations, in chemical and pharmaceutical industries, to ensure the quality and purity of 2-iodophenol to meet the demands of environmentally conscious customers is becoming popular in the market. But, the high cost of iodine, a key material for 2-iodophenol synthesis, along with the potential health hazard is anticipated to hinder the market growth. Moreover, the increased demand for solvents in several industries, rising medical and pharmaceutical sectors, increased competition among the key market players, and improved facilities for research and developmental activities are anticipated to propel the market during the forecast period.

2-Iodophenol Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.4%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
2-Iodophenol Market Dynamics

The market is expected to rise in utilization of pharmaceutical grade 2-Iodophenol. The rising demand for the highest purity and quality standards chemicals for pharmaceutical and medicinal applications drives the market. It is largely utilized in pharmaceutical research and medication production, where high requirements for product quality, uniformity, and regulatory compliance are essential. The use of pharmaceutical grade 2-iodophenol may be influenced by the pharmaceutical industry's need for high-quality intermediates and active pharmaceutical ingredients (APIs). Furthermore, the spike in demand for domestic and commercial disinfectant products across the world during the COVID-19 pandemic has led to a major surge in the market owing to the increased utilization of pharmaceutical grade 2-iodophenol. Moreover, market expansion is anticipated as hygiene products become more popular and people become more aware of them. Therefore, the market for pharmaceutical grade 2-Iodophenol would be significantly impacted by the need from health sector.

Key Features of the Reports

  • The 2-Iodophenol market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

2-Iodophenol Market Segmentation

By Grade
  • Pharmaceutical Grade
  • Industrial Grade
By Purity Level
  • >98% Purity
  • >99% Purity
By End User
  • Chemical Synthesis
  • Pharmaceutical
  • Dyes and Pigments
  • Others

Frequently Asked Questions

The global 2-Iodophenol market valued at USD 31.4 billion in 2022 and is expected to grow at 5.4% CAGR over the forecast period 2023 – 2029.

The increased demand for specialized chemicals in the pharmaceutical industries like 2-iodophenol for the synthesis of drug intermediates and active pharmaceutical ingredients (APIs) in research and drug discovery drives demand for this compound.

Sarex Overseas, Spec-Chem Products., Inc, Kingreat Company Ltd, Sancai Industry, Daming Changda Co. Ltd., Xiamen Equation Chemical Co Ltd, Autech Industry Co. Ltd, Fintech Industry Ltd, Skyrun Industrial Co., Ltd, Spartan Chemical Company, Decon labs, and Yudong technologies are a few companies operating in 2-Iodophenol market.

  • Sarex Overseas
  • Spec-Chem Products Inc
  • Kingreat Company Ltd
  • Sancai Industry
  • Daming Changda Co Ltd
  • Xiamen Equation Chemical Co Ltd
  • Autech Industry Co. Ltd
  • Fintech Industry Ltd
  • Skyrun Industrial Co Ltd
  • Spartan Chemical Company
  • Decon labs
  • Yudong technologies

Adjacent Markets