m-Toulic acid Market: Introduction:

m-Toulic acid is also known as 3-Methylbenzoic Acid; NSC 2214; m-Methylbenzoic Acid; β-Methylbenzoic Acid, meta-taulic acid. The compound has chemical formula of C8H8O2 and  Chemical Abstracts Service (CAS) number is 103-83-3. m-Toulic acid is a member of Benzoic acids that contains benzene rings to at least one carboxyl group. The acid is slightly soluble in water and acidic in nature. m-Toulic acid is mainly utilized as a raw material for N,N-diethyl-3-methylbenzamide (DEET). DEET is utilized as insect repellant and film former.

The increasing demand of insect repellants owing rising awareness about disease spread through insect bites coupled with increasing urbanization leading into high adoption rate for advanced products is fuelling the demand of efficient insect repellant across the globe. This, in turn is anticipated to drive the demand of m-Toulic acid during the forecast period. However, the stringent regulations against toxic pharmaceutical ingredients might hinder the growth of global m-Toulic market during the forecast period.

Global m-Toulic acid Market: Segmentation

The global m-Toulic acid market can be segmented based on grade, derivative, and region. In terms of grade, the global m-Toulic acid market can be bifurcated into ≥ 95% purity m-Toulic acid and ≥97% purity m-Toulic acid and others including m-Toulic acid less than 97%.

Based on derivatives, the global m-Toulic acid market can be segregated into insect repellant, adhesives, and others such as polymer stablizers. The insect repellant derivative segment is a key segment of global m-Toulic acid market as it is mainly utilized in synthesis of DEET which is an insecticide repellant with broad spectrum of targets. The increasing popularity of mosquito repellant across the globe due to its efficient action and minimal side effect unlike other mosquito prevention methods such as coils has propelled the demand of insect repellants across the globe. This, in turn is anticipated to drive the demand of m-Toulic acid due to its efficient derivatives such as DEET during the forecast period.

Global m-Toulic acid Market: Regional Outlook

In terms of region, the global m-Toulic market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America is estimated to account for considerable market share in global m-Toulic acid market. The support of U.S. government Environment Protection Agency for  DEET usage in several bug repelling products due to  its excellent action toward insects has augmented the demand of DEET-based insecticides in the region. Moreover, the increasing awareness among end-users about precautionary measures from diseases causing insects and mosquitoes biting are propelling the demand of DEET-based insecticides in the region. This, in turn is anticipated to drive the demand of m-Toulic acid in North America region.

Asia Pacific region is estimated to expand at significant pace across the forecast period. The governmental initiatives to overcome diseases such as dengue, malaria and increasing urban population is anticipated to fuel the demand of m-Toulic acid market in the region along with rising need of  insect repellants in the region.

Global m-Toulic acid Market: Competitive Landscape

The global m-Toulic acid market is fragmented due to the presence of many local and global players. Key manufacturers operating in the global m-Toulic acid market include Taixing Zhongran Chemical Co., Ltd. - Jiangsu Panoxi Chemical Co., Ltd. - Hebei Xingyu Chemical Co., Ltd. - Yangzhou Liushi Chemical Co., Ltd. - Yangzhou Gideon Chemical Co., Ltd. - Shandong Yuexing Chemical Co., Ltd. Ltd. and Toronto Research Chemicals

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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