As per the latest analysis of FMI, the global quinoline market is expected to top a valuation of US$ 353.1 Million by the year 2023. The rising demand from application segments is anticipated to grow the market with a moderate growth rate of 3.5% to reach a valuation of US$ 498.1 Million by the end of 2033.
| Attributes | Details |
|---|---|
| Market Size (2022) | US$ 341.2 Million |
| Market Size 2023 | US$ 353.1 Million |
| Market Size 2033 | US$ 498.1 Million |
| Value CAGR (2023 to 2033) | 3.5% |
Quinoline, also known as Benzopyridine, Quinolin, and Leucoline, is a C9H7N heterocyclic aromatic chemical molecule. Quinoline has a double-ring structure composed of a benzene ring with pyridine linked to two neighboring carbon atoms. Quinoline is poorly soluble in cold water but rapidly dissolves in organic solvents and hot water.
Quinoline's natural form, as well as some of its derivatives, are utilized in a variety of applications, such as quinine, which is an alkaloid found in plants and is mostly employed in the creation of colors, hydroxyquinoline sulfate, and niacin.
Quinoline is commonly used in the manufacture of specialty chemicals. It is also used as a precursor to 8-hydroxyquinoline, which is intended to be a precursor to insecticides and a versatile chelating agent. Quinoline's methyl derivative is largely utilized autilizedursor to cyanine colors. Quinolinic acid is produced as a byproduct of the oxidation of Quinoline, which serves as a precursor to the herbicide.
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According to the FMI analysis, the global quinoline market witnessed a CAGR of 3.2% during the historical period of 2017 to 2022. The market stands at US$ 341.2 Million in 2022. During the forecast period of 2023 to 2033, the quinoline market is anticipated to foresee an increased CAGR of 3.5% owing to the rising demand from various application segments.
Quinoline is widely used in pharmaceutical applications where it is used as a key raw material in drug synthesis. Additionally, it is implemented in cosmetics, dyes, metallurgical, pesticides, and food additive applications. As these industries grow in the projected period, the quinoline demand from these industries will grow in the next ten years.
Increasing application in pharmaceuticals and cosmetics is driving the sales of quinoline
In the pharmaceutical industry, quinoline is a useful material used in the formulation of malaria drugs. For instance, Quinoline derivatives with antibacterial characteristics including amodiaquine, chloroquine, primaquine, and quinine are utilized in malaria treatment. 8-quinolinol, which is also a useful drug in pharmaceuticals is formulated using quinoline as raw material. The rising demand for these medicines from malaria patients is driving the demand for quinoline.
Additionally, in cosmetics, quinoline is used to make nicotinic acid and its derivatives vitamin B3 or niacin, as well as metal-chelating agents like 8-hydroxyquinoline sulfate. With rising demand for these end chemicals, quinoline is expected to foresee an increased demand in the forecast period.
The environmental effects of quinoline can limit the market expansion in the forecast period
Quinoline is an environmental pollutant found in coal and oil processing plants. Overexposure to Quinoline may harm the cornea, retina, and optic nerves; acute inhalation of Quinoline vapors may produce dizziness, headaches, and nausea.
These issues could stymie the expansion of the Quinoline market. Furthermore, the growing demand for bio-based alternative dyes and additives over Quinoline may impede the global market's expansion in the next years.
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By type, Purity above 99% dominates consumption in the Quinoline market
Quinoline with above 99% purity is anticipated to dominate the market in 2023 due to rising demand from the end-use industries. Particularly in the pharmaceuticals and food & beverages industries the high purity quinoline is used for the formulations of consumable products. Additionally, the rising awareness among the end-users has driven the cosmetics industries to use high-purity materials while the formulations of products. These, developments in end-use industries are anticipated to boost the demand for high-purity quinoline.
Wide applications in the pharmaceutical industry consume a larger share of the quinoline market
Based on the application, the pharmaceutical application of quinoline is leading with the largest market share. The medicinal characteristics of quinoline and subsequent new developments in healthcare products from quinoline are propelling the demand from the segment. The usage of quinoline for pharmaceutical and cosmetics applications is expected to bolster in the forecast period and register a significant growth rate than the rest of the application segments.
High demand from the application segment makes Asia-Pacific a leading region for the Quinoline market
The Asia-Pacific region leads the consumption of quinoline owing to the presence of a large number of end-users and high demand from the application segments. The agricultural activities in this region have seen increased demand for pesticides containing quinoline products. Additionally, the dye industries and food and beverages industries in the region use quinoline in their products. The increased demand from these application segments in the Asia-Pacific region is anticipated to fuel the growth of the quinoline market in this region.
Growing pharmaceuticals and cosmetics industry in North America to create lucrative market opportunities for the Quinoline market
In North America, quinoline is widely used in pharmaceutical and cosmetics applications. Quinoline is used in the synthesis of nicotinic acid which is then used as a key raw material for the synthesis of various drugs in the pharmaceutical industry. Also, the derivatives of the same material are useful in the cosmetics formulation of vitamins.
In North America, quinoline yellow is not allowed as a food additive chemical. Hence, the quinoline market in the region is primarily driven by the pharmaceutical and cosmetics industries. Owing to a large number of players and rising investments in new product developments, the quinoline market is expected to foster in North America in the projection period.
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The market participants in the global quinoline market are focused to increase their market presence through M&A activities. The key players aim to expand their market presence in emerging markets of south Asia and boost their sales by putting extra effort into building value chains in these regions. Quinoline is manufactured according to the requirement of the application segment. For instance, for pharmaceuticals, cosmetics, and food & beverages applications, high-purity quinoline is required. Thus, the players in the business, produce end-use-specific quinoline grades. Several companies are funding to expand their product portfolios of quinoline chemicals and serve a wide range of industries. Some of the key participants present in the global demand of the Quinoline market include Merck KGaA, Vijay Chemical Industries, Salvi Chemical Industries, Xiaoyi JinJing Chemical Co., Ltd, Shandong Aoertong Chemical, Steris PLC, Diversey Inc., Kao Corporation, KoelColours, Spectra Colors, 3M Company, Ansteel, ABC Compounding Company, DuPont, Ecolab, and Henkel among others. More insights on these players and their recent developments are available in the report.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.7 % from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume in Tons, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, The United Kingdom, France, Italy, Spain, Russia, China, Japan, India, ASIAN, GCC Countries, Australia, Turkey, South Africa |
| Key Companies Profiled | Merck KGaA; Vijay Chemical Industries; Salvi Chemical Industries; Xiaoyi JinJing Chemical Co., Ltd; Shaedong Aoertong Chemical; Steris PLC; Diversey Inc.; Kao Corporation; KoelColours; Spectra Colors; Sigma Aldrich; Ansteel; ABC Compounding Company; Clariant; Ecolab; Henkel |
| Customization & Pricing | Available upon Request |
In 2022, the value of the Global Quinoline market reached over US$ 341.2 million.
During the forecast period, the Global Quinoline market is estimated to expand at a CAGR of 3.5% from 2023 to 2033.
The Global Quinoline market is projected to reach US$ 498.1 million by the end of 2033.
The Asia-Pacific region is projected to lead the global Quinoline market in the forecast period.
The key players operating in the Global Quinoline market are Merck KGaA, Spectra Colours, Kao Corporation, ABC Compounding Company, and Clariant.
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