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 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.
Study Period
2024-2030Base Year
2023CAGR
5.40%Largest Market
North AmericaFastest Growing Market
Asia Pacific
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.
North America 2-Acetylthiophene market is poised to grow at 5.5% CAGR over the forecast period owing to the highly developed healthcare systems in the United States and Canada, along with tremendous demand from food industry for flavors for different purposes such as new product development, add new product line, and change the taste of the existing product.
Furthermore, the increased demand for innovative flavors and fragrances also drives the market. Moreover, technological advancements and a focus on research and development activities contribute to market growth in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 87 billion |
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Market CAGR |
5.40% |
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By Purity |
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By Application |
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By End User |
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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.
| 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
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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