Acetohydroxamic Acid Market Forecasts to 2028 – Global Analysis By Form (Powder, Liquid), Purity (<98%, 99%, >99%), Packaging Type (Bag, Drum), Application (Geriatric, Diabetic), End User (Clinics, Hospitals) and By Geography
According to Stratistics MRC, the Global Acetohydroxamic Acid Market is accounted for $396.07 million in 2020 and is expected to reach $690.77 million by 2028 growing at a CAGR of 7.2% during the forecast period. The rise in urinary tract infections associated with proteus mirabilis and growing diabetic patients globally are driving the market growth. However, the emergence of COVID-19 the pandemic is hampering the growth of the market.
Acetohydroxamic acid is a drug that is primarily used to treat urinary tract infections. Acetohydroxamic acid is a synthetic drug derived from hydroxylamine and ethyl acetate, is similar in structure to urea. Acetohydroxamic acid prevents the growth of bacterial enzymes and stops the hydrolysis of urea and brings down the production of ammonia in urine.
Based on the form, the powder segment is going to have lucrative growth during the forecast period due to the ease of packaging and transportation, the growing consumption of powder form in the pharmaceutical/medication sector. The powder form offers various advantages as they are economical, easy to administer, and therefore generally have good patient compliance. By geography, Asia Pacific is going to have high growth during the forecast period owing to the growing disposable income, rise in population, the growth of chronic diseases, changing lifestyle driving the the demand of personal care products and the presence of emerging economies such as China and India across the region.
Some of the key players profiled in the Acetohydroxamic Acid Market include Hangzhou Lingrui Chemical, Zhejiang Hongxin Chemical, Skyrun Industrial, Acinopeptide, Simagchem, Hangzhou J&H Chemical, Gihi Chemicals, Eastar Chemical and Dayangchem.
Estimated Market Size in 2020:
USD 396.07 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 690.77 million
Tables, Graphs& Figures
Form, Purity, Packaging Type, Packaging Material, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Packaging Types Covered:
Packaging Materials Covered:
• Injured Individuals
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Acetohydroxamic Acid Market is majorly driven by the rise in the geriatric population, growing diabetic patients globally, and rise in urinary tract infections associated with proteus mirabilis.
The powder segment is growing at a highest CAGR owing to the ease of packaging and transportation, the increasing consumption of powder form in the pharmaceutical/medication sector. The powder form offers various advantages as they are economical, easy to administer, and therefore generally have good patient compliance.
North America dominated with a significant market share due to rise in the diabetic and geriatric populations that are highly susceptible to urinary tract infections, the increase in number of elderly population, premature infants, infants born with congenital urinary tract malformation, and spinal cord-injured patients.
Asia Pacific region is growing at a highest CAGR owing to the growing disposable income, changing lifestyle driving the demand of personal care products, rise in population, and the growth of the chronic diseases, and the presence of emerging economies.
Key players in Acetohydroxamic Acid Market include Hangzhou Lingrui Chemical, Zhejiang Hongxin Chemical, Skyrun Industrial, Acinopeptide, Simagchem, Hangzhou J&H Chemical, Gihi Chemicals, Eastar Chemical and Dayangchem.
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