Global Benzopinacol Market, 2013-2023
Benzopinacol is also named as benzophenone pinacol. This is catalyst of the formation of unsaturated polyesters. It is also used as an initiator of polymerisation by free radicals.It has applicable in UV curing, such as inks, imaging and clear coatings. Its addition to plastics allows for a clear packaging while still being protected from UVlight. It is also used as an organic synthesis intermediate.
The global benzopinacol market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global benzopinacol market is growing at a fast pace and increasing its geographical footprint rapidly. The global benzopinacol market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.
Benzopinacol synthesise through photoreduction of benzophenone catalyzed by sunlight using ethyl alcohol as a solvent and reagent. This compound is widely used in medicine bottles, it is also added to perfumes and soaps to protect their colors and scents and industrial X-ray photothermographic system. The biological applications, benzophenones have been used extensively as photophysical probes to identify and map peptideprotein interactions.
The major growth driver for benzopinacol market globally is due to the rapid expansion of medicine industry, photo film industry and personal care industry due to increasing population and their purchasing power. As this compound available in White crystalline powder, it is soluble in ether, carbon bisulfide, chloroform and has high melting point.
There are no major impairments to the expansion of global benzopinacolmarket. Only must take precaution during the use. Avoid direct contacts with skin and eye. Always follow safe industrial hygiene practices and wear proper protective equipment while handling this compound.The compound is notbiodegradable. Recycle to process, if possible. It can be dissolved or mix material with a combustible solvent and burn in a chemical incinerator equipped with an afterburner and scrubber system.
Benzopinacol enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of benzopinacol market globally. The companies that lead global benzopinacol market are Natland International Corporation, Alfa Aesar, and AN PharmaTechCo, and Aldrich Chemical Company, Inc., among others.
The research procedure begins with the bifurcation of various market segments of global benzopinacol market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across benzopinacol industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type: Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
By geography: North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)
By designation: Top level (40%), Operation level (20%), Mid-level (40%)