Phloroglucinol refers to the organic compound used in the synthesis of pharmaceuticals and exposures. It is a phenol derivative and possess antispasmodic property. Phloroglucinol is also used in the treatment of gallstones, irritable bowel syndrome, bladder spasm after transurethral resection of the prostrate, and others. The increase in number of patients with irritable bowel syndrome facilitates the need and use of pholoroglucinol.
Increase in the prevalence of chronic diseases and absence of side effects of the drug supplement the growth of the market. However, high cost and stringent regulations in the manufacture of pholoroglucinol restrain the market growth. The rise in investments by market players for the development of product provide growth opportunities.
The global phloroglucinol market is segmented into type, application, and region. Based on type, the market is divided into 1,3,5-benzenetriol, 1,2,4-benzenetriol, and 1,2,3-benzenetriol. By application, it is classified into tests, printing, pharmaceuticals, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the global phloroglucinol market are Beijing Wisdom Chemicals Co. Ltd., Sunny Industry Private Limited, Taixing Yinxin Chemical Co.Ltd, Clent Chemical Co. Ltd, Sunglong Biotech Co. Ltd., Shouguang Fukang Pharmacy Limited Company, V&V Pharma Industries, Vee Excel Drugs and Pharmaceuticals Pvt Ltd., Sanify Healthcare PVt. Ltd., and Trio Lifescience Pvt Ltd.
- The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2017 to 2023, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
- Comprehensive analysis of all geographical regions is provided, which helps to determine the prevailing opportunities.
- Key players are profiled and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of the global phloroglucinol market.
- Extensive analysis by product elucidates the use of pholoroglucinol as an antispasmodic drug.
Phloroglucinol Market Key Segments:
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South Arabia
- South Africa
- Rest of LAMEA