2-Iodophenol Market Analysis

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 2037. 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: