1 2 Methylenedioxybenzene (MDB) Market Report

Market Insights

What is 1,2-Methylenedioxybenzene (MDB)?

1,2-Methylenedioxybenzene (MDB) is defined as a derivative of catechol that is being widely used in the manufacturing of pharmaceuticals and agrochemicals. It is also used in fragrance products.

The 1,2-Methylenedioxybenzene (MDB) Market estimated to grow from USD xx billion in 2020 to USD xx billion by 2026 at a healthy CAGR of xx% during the forecast period.

Figure: 1,2-Methylenedioxybenzene (MDB) Market Size, 2020-2026 (USD Billion)

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Market Drivers

The global growth of 1,2-methylenedioxybenzene (MDB) market size is primarily driven by widespread product usage in fragrance products, pharmaceuticals, and agrochemicals. Growing demand for nutritious products is likely to propel the growth of the agriculture industry and thus, 1,2-methylenedioxybenzene during the forecast period. In addition to this, the rising demand for personal care and cosmetic products in developing countries is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted the materials supply chains, international trade, and manufacturing operations across the world. The production of 1,2-methylenedioxybenzene (MDB) declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus.

Segments' Analysis

Application Trends

Based on application, the 1,2-methylenedioxybenzene (MDB) market has been divided into fragrances, pesticides, photo inhibitors, and others.  The pesticides application segment accounted for the largest market share in 2020. The segment growth can be attributed to increasing demand for nutritious food products with expanding populace across the geographies particularly developing countries.

Regional Trends

By region, the Asia-Pacific 1,2-methylenedioxybenzene (MDB) market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to the significant growth of the agriculture personal care & cosmetics industries in the region. The market growth in the North American region is expected to grow at a considerable CAGR during the review on account of the presence of established end-use industries.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global 1,2-methylenedioxybenzene (MDB) market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the 1,2-Methylenedioxybenzene (MDB) market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on 1,2-Methylenedioxybenzene (MDB) market?
• What are the key strategies adopted by the major vendors to lead in the 1,2-Methylenedioxybenzene (MDB) market?
• What is the market share of the top vendors?

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Key Players

Key players operating in the 1,2-Methylenedioxybenzene (MDB) Market are-

• Ube Industries, Ltd (Japan)
• Tokyo Chemical Industry, (Japan)
• Merck & Co., Inc. (US)
• Mainchem (China)
• Enzal Chemicals Ltd (India)
• Parchem Fine & Specialty Chemicals (US)

Target Audience

The target audience of 1,2-Methylenedioxybenzene (MDB) Market includes-

• 1,2-Methylenedioxybenzene (MDB) Vendors
• 1,2-Methylenedioxybenzene (MDB) Manufacturers
• 1,2-Methylenedioxybenzene (MDB) Distributors
• Organizations
• Government Bodies

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