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3-Fluoro-5-nitrotoluene is an aromatic derivative of toluene with fluorine group attached to 3rd position and nitro group on the 5th position of toluene. The chemical formula for the compound is C7H6FNO2 and is light yellow in colour. It is majorly used in pharmaceutical and chemical industries as it is considered as precursor for many useful chemicals.
The increasing demand from pharmaceutical and chemical sector attributed to its use in synthesizing its derivatives that are useful in treatment of androgen receptor mediated diseases, kinase inhibitors, and novel inhibitors is likely to drive the market growth. Additionally, 1,3 oxazole and its derivatives derived from fluoro nitro aromatic compounds are used in cancer treatment. The rise in number of patients with cancer all over the world is likely to boost the demand for 1,3 oxazole further growing the demand for 3-fluoro-5-nitrotoluene.
However, the potential health risks on contact with this chemical includes serious eyes, skin, and respiratory irritation which is likely to restrict the market growth.
Key Market Driver -
Increasing demand from pharmaceutical sector.
Key Market Restraint -
Potential risk on inhalation and consumption.
Based on type, the market is segmented into 95% and >95%. Based on end-use, the market is segmented into, pharmaceutical, chemical, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global 3-Fluoro-5-Nitrotoluene market consists of global & regional players operating. Some of the key players in the market include Ginte Material Industry, Bosche, Toronto Research Chemicals, Accela, Hanhong Scientific, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest and the fastest growing market attributed to the easy availability of raw material chemicals like toluene. North America is estimated to be the second-largest market due to the large manufacturing base in the U.S. and consumer spending on medicals. Europe is expected to show significant growth due to demand from developing pharmaceutical sector and rise in per-capital disposable income along with geriatric population. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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