8 Hydroxy Quinoline Market Trends: the global market size is projected to reach USD 0.05 billion by 2030

According to the new market research report “8 Hydroxy Quinoline - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global 8 Hydroxy Quinoline market size is projected to reach USD 0.05 billion by 2030, at a CAGR of 2.8% during the forecast period.

• Global 8 Hydroxy Quinoline MarketSize(US$ Million), 2019-2030

Source: QYResearch, "8 Hydroxy Quinoline - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

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• Global 8 Hydroxy Quinoline Top5Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "8 Hydroxy Quinoline - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

According to QYResearch Top Players Research Center, the global key manufacturers of 8 Hydroxy Quinoline include Yixing Hongbo Fine Chemical, Jiangxi Sanyuan Pharmaceutical Co, Shandong Daixing New Material Co, Shanxi Jiangzhongshan Biotechnology, Zhejiang Huangyan Wanfeng Pharm & Chem Co, Shanghai Shengchan Industrial, Shenyang Yufengyuan Chemical, Suzhou Huadao Biological Pharmacy Co etc. In 2023, the global top five players had a share approximately 63.0% in terms of revenue.

Market Drivers:

Growing demand for 8 Hydroxy Quinoline as an intermediate in the production of various chemicals such as agrochemicals, pharmaceuticals, and dye chemicals is expected to drive the market growth.

The rise in demand for 8 Hydroxy Quinoline in the production of veterinary drugs and animal feed supplements is expected to drive the market growth.

At present, there are many 8-hydroxyquinoline manufacturers, mainly small and medium-sized enterprises, and the market competition is fierce.

Restraint:

In 2017, the International Agency for Research on Cancer of the World Health Organization announced 8-hydroxyquinoline as a third-class carcinogen. In addition, its synthesis process needs to go through sulfonation, alkali fusion and other processes, resulting in more waste water and high preparation costs. - The supply of hydroxyquinoline is adversely affected.

Growing concerns regarding the safety of 8 Hydroxy Quinoline and its environmental impact may hamper the market growth in the future. The production and use of 8 Hydroxy Quinoline can have negative environmental impacts. The disposal of waste containing 8 Hydroxy Quinoline can contaminate water and soil, leading to environmental damage. This can lead to regulatory restrictions and increased costs.

The use of 8 Hydroxy Quinoline is limited to specific applications such as metal chelating agents, agrochemicals, pharmaceuticals, and rubber chemicals. This can limit the market growth.

Opportunity:

8-Hydroxyquinoline is an important intermediate of Halquinol. Driven by the continuous demand of the downstream Halquinol industry, the industry has begun to take shape.

The increasing use of 8 Hydroxy Quinoline as a wood preservation in North America is likely to fuel the market growth in the coming years.

About The Authors

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