2-Fluorobenzoic Acid Market size was valued at USD 150 Million in 2024 and is forecasted to grow at a CAGR of 6.5% from 2026 to 2033, reaching USD 250 Million by 2033.
The 2-Fluorobenzoic Acid market was valued at approximately USD 210 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. The market is experiencing steady growth driven by the increasing demand in various applications such as pharmaceuticals, agrochemicals, and the production of specialty chemicals. As of 2022, North America held a significant market share of around 35%, followed by Europe with a share of 30%. The rising pharmaceutical and agrochemical industries in these regions contribute to the market expansion. The Asia-Pacific region, particularly China and India, is anticipated to witness the fastest growth during the forecast period, with a CAGR of 8%, owing to rapid industrialization and a growing demand for chemical products in these emerging economies. The market in Latin America and the Middle East & Africa is expected to show moderate growth, with these regions contributing to nearly 20% of the global market share in 2022.
Regional opportunities for the 2-Fluorobenzoic Acid market are expected to emerge from advancements in pharmaceutical R&D and agricultural practices. North America is expected to maintain its dominance due to increasing pharmaceutical production and research activities, while the Asia-Pacific region is anticipated to lead in terms of volume, driven by manufacturing and raw material availability. The growing demand for agrochemical applications in emerging economies further strengthens the market potential. As industrial activities increase in developing regions, such as Southeast Asia and Africa, the market for 2-Fluorobenzoic Acid is likely to experience substantial growth. The global market for 2-Fluorobenzoic Acid is set to reach an estimated USD 365 million by the end of the forecast period in 2030.
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Fuxin Yongduo Chemical
Otto Chemie Pvt Ltd
Hongrui Fine Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 2-Fluorobenzoic Acid Market
Pharmaceuticals
Agriculture
Dyes and Pigments
Food Additives
Electronics
Industrial Grade
Research Grade
Reagent Grade
Pharmaceutical Grade
Chemicals
Pharmaceuticals
Agriculture
Food and Beverage
Electronics
Solid
Liquid
Drums
Bottles
Bulk Packaging
Small Packages
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 2-Fluorobenzoic Acid Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 2-Fluorobenzoic Acid Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 2-Fluorobenzoic Acid Market, By Type
6. Global 2-Fluorobenzoic Acid Market, By Application
7. Global 2-Fluorobenzoic Acid Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global 2-Fluorobenzoic Acid Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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