2-Acetylthiophene Market: By Purity, Purity, Purity, End-User Industry, Application (Insecticides and Pesticides, Perfumes and Musks, Cosmetic Products, Pheromone traps, Animal feed additives, Others and Region Forecast 2019-2030

2-Acetylthiophene Market Size, Share, Growth, Trends, and Global Industry Analysis: By Purity (Purity (>99%), Purity (99%-95%), Purity (<95%), End-User Industry (Pharmaceutical and Biotechnology, Food industry, Cosmetics and Personal Care Industry, Agriculture Industry, Flavor industry, Others), Application (Insecticides and Pesticides, Perfumes and Musks, Cosmetic Products, Pheromone traps, Animal feed additives, Others and Region Forecast 2019-2030

2-Acetylthiophene Market size was valued at US$ 87 billion in 2023 and is poised to grow at a CAGR of 5.4% from 2024-2030. 2-Acetylthiophene is an organosulphur compound with the formula CH3C(O)C4H3S that is yellow in color, has a sulfury taste, and is an important intermediate in the manufacturing of drugs like Tiamonium Iodide, Suprofan, Stepronin, Tenonitrozole, Namirotene, etc. The rising demand for the chemical industry in order to produce several different compounds and pharmaceutical intermediates drives the market. According to the American Chemical Society, in 2017, the chemical industry’s total contribution to global GDP was $5.7 trillion, equivalent to 7% of the world’s GDP that year, and supported total number of jobs supported was 120 million.

Furthermore, the increased research and developmental activities in the chemistry and pharmaceuticals sector to create specialty chemicals like 2-acetylthiophene are anticipated to propel the market during the forecast years. Additionally, the increased focus on sustainability and green chemistry has created several opportunities for manufacturers to develop eco-friendly products and cater to environmentally-conscious customers. Currently, compliance with stringent environmental and quality regulations among the major manufacturers has become quite famous in the market. But the volatility in the cost of raw materials and the demand from consumers, along with intense competition that leads to price wars and thinner profit margins may hinder market growth. However, the increasing disposable incomes, growing demand for high-quality animal feed additives, urbanization, and changing consumer preferences, are anticipated to burgeon the market growth during the forecast years.

2-Acetylthiophene Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.40%

Largest Market

North America

Fastest Growing Market

Asia Pacific

2-Acetylthiophene Market Dynamics

The market is expected to rise as the increasing applications of 2-Acetylthiophene in the pharmaceutical sector. Demand is being driven by its medical properties, that include use in depression, inflammation, emesis, migraine, spasm, ulcer, fungal infection, and other allergies. A significant class of therapeutic drugs in medicinal chemistry are 2-acetyl thiophene market derivatives, which include anti-inflammatory, anti-allergic, anti-spasmodic, hepatic protectant, anti-depressant, uricosuric agent, and antifungal agents.

Despite being a fairly tiny moiety, it fascinates scientists due to the wide range of biological activity exhibited both by the original compound and its numerous substituted derivatives. Activities related to drug development will boost market demand. Furthermore, the ongoing research on the possible advantages of 2-Acetylthiophene in different diseases is anticipated to lead to further market growth.

2-Acetylthiophene Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 87 billion

Market CAGR

5.40%

By Purity

  • Purity (>99%)
  • Purity (99%-95%)
  • Purity (<95%)

By Application

  • Insecticides and Pesticides
  • Perfumes and Musks
  • Cosmetic Products
  • Pheromone traps
  • Animal feed additives
  • Others

By End User

  • Pharmaceutical and Biotechnology
  • Food Industry
  • Cosmetics and Personal Care Industry
  • Agriculture Industry
  • Flavor Industry
  • Perfume Industry
  • Others

Key Features of the Report

  • The 2-acetylthiophene market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • 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

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Frequently Asked Questions

The global 2-acetylthiophene market size was valued at US$ 87 billion in 2023 and is poised to grow at a CAGR of 5.4% from 2024-2030.

The rising demand for the chemical industry in order to produce several different compounds and pharmaceutical intermediates drives the 2-acetylthiophene market.

The key players of 2-acetylthiophene market are TCI (Tokyo Chemical Industry), Acorn PharmaTech Product, Aaron Chemicals LLC, Acros Organics, Ark PharmInc., Hefei Hirisun Pharmatech Co.Ltd, Achemo Scientific Limited, Arvee labs, A.B. Enterprises, Alpha chemica are a few companies operating in 2-Acetylthiophene market.

North America dominates the market with 5.5% CAGR in 2022, and is anticipated to grow with 5.7% CAGR over the forecast period 2023-2029.

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1.Executive Summary
2.Global 2-Acetylthiophene Market Introduction 
2.1.Global 2-Acetylthiophene Market  - Taxonomy
2.2.Global 2-Acetylthiophene Market  - Definitions
2.2.1.Purity
2.2.2.Application
2.2.3.End User
2.2.4.Region
3.Global 2-Acetylthiophene Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global 2-Acetylthiophene Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global 2-Acetylthiophene Market  By Purity, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Purity (>99%)
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Purity (99%-95%)
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Purity (<95%)
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global 2-Acetylthiophene Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Insecticides and Pesticides
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Perfumes and Musks
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Cosmetic Products
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Pheromone traps
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Animal feed additives
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Others
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7.Global 2-Acetylthiophene Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Pharmaceutical and Biotechnology
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Food Industry
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Cosmetics and Personal Care Industry
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Agriculture Industry
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Flavor Industry
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Perfume Industry
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
7.7. Others
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.7.3. Market Opportunity Analysis 
8.Global 2-Acetylthiophene Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America 2-Acetylthiophene Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Purity Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Purity (>99%)
9.1.2.Purity (99%-95%)
9.1.3.Purity (<95%)
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Insecticides and Pesticides
9.2.2.Perfumes and Musks
9.2.3.Cosmetic Products
9.2.4.Pheromone traps
9.2.5.Animal feed additives
9.2.6.Others
9.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Pharmaceutical and Biotechnology
9.3.2.Food Industry
9.3.3.Cosmetics and Personal Care Industry
9.3.4.Agriculture Industry
9.3.5.Flavor Industry
9.3.6.Perfume Industry
9.3.7.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe 2-Acetylthiophene Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Purity Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Purity (>99%)
10.1.2.Purity (99%-95%)
10.1.3.Purity (<95%)
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Insecticides and Pesticides
10.2.2.Perfumes and Musks
10.2.3.Cosmetic Products
10.2.4.Pheromone traps
10.2.5.Animal feed additives
10.2.6.Others
10.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Pharmaceutical and Biotechnology
10.3.2.Food Industry
10.3.3.Cosmetics and Personal Care Industry
10.3.4.Agriculture Industry
10.3.5.Flavor Industry
10.3.6.Perfume Industry
10.3.7.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) 2-Acetylthiophene Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Purity Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Purity (>99%)
11.1.2.Purity (99%-95%)
11.1.3.Purity (<95%)
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Insecticides and Pesticides
11.2.2.Perfumes and Musks
11.2.3.Cosmetic Products
11.2.4.Pheromone traps
11.2.5.Animal feed additives
11.2.6.Others
11.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Pharmaceutical and Biotechnology
11.3.2.Food Industry
11.3.3.Cosmetics and Personal Care Industry
11.3.4.Agriculture Industry
11.3.5.Flavor Industry
11.3.6.Perfume Industry
11.3.7.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) 2-Acetylthiophene Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Purity Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Purity (>99%)
12.1.2.Purity (99%-95%)
12.1.3.Purity (<95%)
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Insecticides and Pesticides
12.2.2.Perfumes and Musks
12.2.3.Cosmetic Products
12.2.4.Pheromone traps
12.2.5.Animal feed additives
12.2.6.Others
12.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Pharmaceutical and Biotechnology
12.3.2.Food Industry
12.3.3.Cosmetics and Personal Care Industry
12.3.4.Agriculture Industry
12.3.5.Flavor Industry
12.3.6.Perfume Industry
12.3.7.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America 2-Acetylthiophene Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Purity Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Purity (>99%)
13.1.2.Purity (99%-95%)
13.1.3.Purity (<95%)
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Insecticides and Pesticides
13.2.2.Perfumes and Musks
13.2.3.Cosmetic Products
13.2.4.Pheromone traps
13.2.5.Animal feed additives
13.2.6.Others
13.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Pharmaceutical and Biotechnology
13.3.2.Food Industry
13.3.3.Cosmetics and Personal Care Industry
13.3.4.Agriculture Industry
13.3.5.Flavor Industry
13.3.6.Perfume Industry
13.3.7.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.TCI (Tokyo Chemical Industry)
14.2.2.Acorn PharmaTech Product
14.2.3.Aaron Chemicals LLC
14.2.4.Acros Organics
14.2.5.Ark Pharm, Inc.
14.2.6.Hefei Hirisun Pharmatech Co., Ltd
14.2.7.Achemo Scientific Limited
14.2.8.Arvee labs
14.2.9.B. Enterprises
14.2.10.Alpha chemical
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • TCI (Tokyo Chemical Industry)
  • Acorn PharmaTech Product
  • Aaron Chemicals LLC
  • Acros Organics
  • Ark Pharm, Inc.
  • Hefei Hirisun Pharmatech Co., Ltd
  • Achemo Scientific Limited
  • Arvee labs
  • B. Enterprises
  • Alpha chemica

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