Guaiacol Market
Guaiacol Market Study by Application as Precursor, Chemical Intermediate, and Raw Material for API Synthesis in Safety Equipment, Sensing, and Imaging From 2024 to 2034
Analysis of Guaiacol Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Guaiacol Market Outlook (2024 to 2034)
The global guaiacol market is analyzed to generate a turnover of US$ 332.74 million in 2024 and is further projected to rise at a CAGR of 2.1% to reach a value of US$ 408.48 million by 2034.
Syrups and other pharmaceuticals are widely made using guaiacol. The discovery of new drugs, rising healthcare costs, and population increase are all contributing factors to the pharmaceutical industry's expansion, which is further positively affecting guaiacol demand growth.
The increasing focus on the production of natural and organic materials in several industries is further driving up sales of guaiacol. Because guaiacol is a naturally occurring substance, it perfectly fits the growing demand from consumers. In addition, several research and development activities are conducted in the market to find new applications and improve the ones that already exist.
East Asia is estimated to account for 34.5% portion of the global market in 2024 due to its extensive use in the flavoring and pharmaceutical industry, particularly in China. North America is analyzed to generate revenue worth US$ 101.92 million in 2024 due to increasing utilization in the well-established pharmaceutical industry. Products containing guaiacols such as expectorants and cough syrups are widely used because respiratory illnesses are becoming more widespread.
Based on the end-use industry, the safety equipment segment is projected to account for 27.8% in 2024 because of its special qualities. Due to characteristics, including a smoky smell, guaiacol works well as an ingredient in safety devices including gas detection systems and smoke alarms. It is a useful addition for improving the overall safety of several locations due to its capacity to detect and notify the presence of fire or dangerous gasses.
| Report Attribute | Detail |
|---|---|
| Guaiacol Market Size (2024E) | US$ 332.74 Million |
| Forecasted Market Value (2034F) | US$ 408.48 Million |
| Global Market Growth Rate (2024 to 2034) | 2.1% CAGR |
| East Asia Market Share (2024E) | 34.5% |
| North America Market Value (2024E) | US$ 101.92 Million |
| South Asia & Pacific Market Growth Rate (2024 to 2034) | 2.6% CAGR |
| Precursor Segment Value (2034F) | US$ 147.28 Million |
| Imaging Segment Value (2034F) | US$ 169.35 Million |
| Key Companies Profiled | Solvay; Cayman Chemical; Merck KgaA; LGC Limited; TCI America; Jiaxing Zhonghua Chemical Co., Ltd; Anhui Bayi Chemical Industry Co., Ltd; Central Drug House; Jiangsu Lycra Chemical Technology Co., Ltd.; Derek Clarke; Tianyuan Chemical; Helly Chem; Hubei Ju Sheng. |
Guaiacol is a biodegradable product with having low potential for bioaccumulation, which is in high demand in the pharmaceutical industry. Also, it acts as a precursor to various flavors such as eugenol and vanillin. It is utilized in the chemical, agriculture, pharmaceutical, cosmetics, and food industry. Investment in research and development by manufacturing companies is anticipated to grow the demand for guaiacol market.
Investments in health care and pharmaceutics in developed as well as developing economies are deriving market growth globally. As guaiacol is used in the synthesis of fragrances and flavors, e.g. vanillin, zingerone, etc., its demand in the cosmetic industry is also expected to surge.
Researchers in 2020 investigated regarding flexible NiCo based catalyst for direct hydrodeoxygenation of guaiacol to cyclohexanol. The ni-based catalyst was prepared in the HDO of guaiacol and other lignin-derived phenolic compounds. Among these catalysts, 20% NiCo/CNT catalyst demonstrated the highest guaiacol conversion with cyclohexanol as an important component in isopropanol. The HOD reaction of guaiacol occurred by the demethoxylation of guaiacol to phenol and the further hydrogenation of the aromatic ring to cyclohexanol.
Another method of hydrodeoxygenation of guaiacol to phenol can be done over Ceria-supported iron catalysts. The researchers state that guaiacol is transformed into phenol over a series of supported iron catalysts under atmospheric pressure. The experiment showed that with the support of CeO2, a linear relationship with iron up to 3 wt% corresponding to monolayer coverage was developed.
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Guaiacol Market: Introduction
Guaiacol is a naturally occurring, biodegradable, and organic compound that has a low potential for bioaccumulation and mainly disperses in water. It is a slightly yellow-colored liquid or a crystalline solid with a characteristic aromatic odor. Guaiacol is industrially manufactured by the methylation of catechol and is used in the manufacturing of a variety of chemical products. Vanillin is among the most commonly used chemicals in the food industry to flavor ice creams and chocolates.
Guaiacol is used as a precursor in the manufacture of vanillin and is used in the protection of crops in the agriculture sector. Guaiacol is also used as a raw material in the pharmaceutical industry. The synthesis of active pharmaceutical ingredient manufacturers in the pharmaceutical industry uses guaiacol.
The characteristic aromatic odor of guaiacol has enabled the use of guaiacol in the manufacture of perfumery agents and flavoring agents. The National Center for Biotechnology Information U.S. has stated that guaiacol is thought to have properties of disinfectants and can be used to treat coughs. Guaiacol is also used to give a peaty, smoky, and spicy flavor to whisky and in flavoring roasted coffee.
Guaiacol Market: Dynamics
The food and beverage industry is growing due to the increasing demand for food, which in turn drives the sales of guaiacol. Population growth has boosted the growth of the pharmaceutical industry and in turn, propels the demand for guaiacol. The use of guaiacol in the manufacture of perfumery products will aid the growth of sales of guaiacol in the chemical and allied products industry.
The use of guaiacol as an expectorant and its low shelf life also aid the growth of the guaiacol market. On the other hand, the high price of guaiacol will slow down the sales of guaiacol and the use of lignin instead of guaiacol in the manufacture of vanillin may also retard the market growth.
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Guaiacol Market: Regional Outlook
China and India have been witnessing good growth in the pharmaceutical and food and beverage industries in recent years. The growth of these industries is expected to aid the growth of guaiacol sales in the near future. North America also has rapidly growing food and beverage and pharmaceutical industries and is thus expected to provide a good platform for the growth of the guaiacol market in the region.
The Middle East and Africa region has moderately growing pharmaceutical and chemical industries, which are expected to aid the growth of sales of guaiacol in the region. Europe is pegged to be a prominent region with its growing chemical, food and beverage, and pharmaceutical industries.
The growth of these three industries in the region is expected to boost the sales of guaiacol. The APAC region has shown moderate growth in the pharmaceutical and chemical industries. Moderate growth in these industries is expected to drive the growth of the guaiacol market in the APAC region.
The chemical industry in Latin America has shown appreciable growth in recent years and the food and beverage industry in the region is also growing moderately. The growth of these industries in the region is expected to aid the growth of the guaiacol market. The food and beverage industry in Japan is also growing at a good rate, which is expected to propel the sales of guaiacol shortly.
Guaiacol Market: Market Participants
The key market participants identified in the guaiacol market include,
- Solvay
- Cayman Chemical
- Merck KgaA
- LGC Limited
- TCI America
- Jiaxing Zhonghua Chemical Co., Ltd
- Anhui Bayi Chemical Industry Co., Ltd
- Central Drug House
- Jiangsu Lycra Chemical Technology Co., Ltd
- Derek Clarke
- Tianyuan Chemical
- Helly Chem
- Hubei Ju Sheng
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industry.
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Competitive landscape highlights only certain players
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The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Japan
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Segmentation of Guaiacol Market Research
-
By Application :
- Precursor
- Chemical Intermediate
- Raw Material for API Synthesis
-
By End-Use Industry :
- Safety Equipment
- Sensing
- Imaging
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Application 6.2. End Use Industry 7. Global Market Analysis and Forecast, By Application 7.1. Precursor 7.2. Chemical Intermediate 7.3. Raw Material for API Synthesis 8. Global Market Analysis and Forecast, By End Use Industry 8.1. Chemicals and Allied Products 8.2. Pharmaceutical 8.3. Food and Beverage 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. East Asia 9.6. South Asia & Pacific 9.7. MEA 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. MEA Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Application and End Use Industry for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Solvay 19.2. Cayman Chemical 19.3. Merck KgaA 19.4. LGC Limited 19.5. TCI America 19.6. Jiaxing Zhonghua Chemical Co., Ltd 19.7. Anhui Bayi Chemical Industry Co., Ltd 19.8. Central Drug House 19.9. Jiangsu Lycra Chemical Technology Co., Ltd
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Application
Table 3: Global Market US$ Mn Forecast by End Use Industry
Table 4: North America Market US$ Mn Forecast by Country
Table 5: North America Market US$ Mn Forecast by Application
Table 6: North America Market US$ Mn Forecast by End Use Industry
Table 7: Latin America Market US$ Mn Forecast by Country
Table 8: Latin America Market US$ Mn Forecast by Application
Table 9: Latin America Market US$ Mn Forecast by End Use Industry
Table 10: Western Europe Market US$ Mn Forecast by Country
Table 11: Western Europe Market US$ Mn Forecast by Application
Table 12: Western Europe Market US$ Mn Forecast by End Use Industry
Table 13: Eastern Europe Market US$ Mn Forecast by Country
Table 14: Eastern Europe Market US$ Mn Forecast by Application
Table 15: Eastern Europe Market US$ Mn Forecast by End Use Industry
Table 16: East Asia Market US$ Mn Forecast by Country
Table 17: East Asia Market US$ Mn Forecast by Application
Table 18: East Asia Market US$ Mn Forecast by End Use Industry
Table 19: South Asia & Pacific Market US$ Mn Forecast by Country
Table 20: South Asia & Pacific Market US$ Mn Forecast by Application
Table 21: South Asia & Pacific Market US$ Mn Forecast by End Use Industry
Table 22: MEA Market US$ Mn Forecast by Country
Table 23: MEA Market US$ Mn Forecast by Application
Table 24: MEA Market US$ Mn Forecast by End Use Industry
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 4: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 7: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 8: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 17: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 18: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 20: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 21: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How fast is demand for guaiacol rising?
The global guaiacol market is expected to progress at 2.1% CAGR through 2034.
What aspects are driving the guaiacol market growth?
Rising demand for food products, cosmetics, and pharmaceuticals is anticipated to prominently drive guaiacol shipments.
What valuation does the guaiacol market enjoy at present?
Currently, the market for guaiacol accounts for a value of US$ 332.74 million in 2024.
Guaiacol Market