According to the most recent analysis by FMI, the global quinoline market is poised to reach a value of US$ 353.1 Million by 2023, driven by increasing demand across various application segments. Anticipated growth is set to continue at a moderate pace, with a projected valuation of US$ 498.1 Million by the conclusion of 2033.
Quinoline is a C9H7N heterocyclic aromatic chemical compound that goes by the names Benzopyridine, Quinolin, and Leucoline. Quinoline is a double-ring structure made up of a benzene ring attached to two nearby carbon atoms by pyridine. Quinoline dissolves slowly in cold water but quickly in hot water and chemical solvents.
The natural form of quinoline and some of its derivatives, such as hydroxyquinoline sulphate and niacin, are used in a range of processes. Quinine is an alkaloid found in plants that are mostly used to produce colours.
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Market Drivers:
The quinoline market is driven by several key factors:
- Pharmaceutical Industry: Quinoline is a fundamental building block in the production of various pharmaceuticals, including antimalarial drugs. The rising prevalence of diseases like malaria and the continuous research for novel therapeutic agents are propelling the demand for quinoline.
- Agrochemicals: Quinoline derivatives are widely used in the production of pesticides, herbicides, and fungicides. As global agriculture strives to increase productivity, the need for effective crop protection solutions continues to drive the quinoline market.
- Dyes and Colorants: Quinoline is employed as a precursor in the production of dyes and colorants for textiles, paints, and other industries. The expanding textile and construction sectors contribute to the growth in demand for these products.
- Research and Development: Quinoline serves as a vital reagent in research and development, particularly in the synthesis of new compounds and drug discovery. The continuous growth in R&D activities in various sectors sustains demand for quinoline.
Quinoline Market: Competition Assessment
The FMI’s quinoline market report provides a dashboard view of major players operating in the quinoline market. Some of the key players are:
- Merck KGaA
- Vijay Chemical Industries
- Salvi Chemical Industries
- Xiaoyi JinJing Chemical Co., Ltd
- Shaedong Aoertong Chemical
- Steris PLC
- Diversey Inc.
- Kao Corporation
- KoelColours
- Spectra Colors
- Sigma Aldrich
- Ansteel
- ABC Compounding Company
- Clariant
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Quinoline Market: Key Segmentation
By Type
- Purity Upto 99%
- Purity Above 99%
By Application
- Dyes
- Metallurgical
- Pharmaceutical
- Pesticides
- Cosmetics
- Food Additive
- Others
By Region
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
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