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Phenolphthalein Market Segmented By 1g/L and 5g/L(gram per litre/liter) type with Application such as Adhesives, Textiles, Education, Healthcare, Industrial Chemicals
Phenolphthalein is an acid-base reacting agent which changes its color with respect to pH levels. Acid base reactors such as this are usually weak acids or bases which when dissolved in water dissociate slightly and give rise to ions. It is a colorless weak acid which when dissolved in water gives rise in pink anions.
However, the pink color which is formed when this is dissolved in acids is too pale to be easily observed as the concentration of anions in such resulting solutions is too low. On the other hand, in alkaline solutions the concentration of the anions which are formed upon addition of this is high and the pink color can be distinctly observed.
Phenolphthalein is slightly soluble in water and is primarily dissolve din alcohols in order to conduct experiments. It is also a class of dye commonly referred to as pthalein dye. One of the common uses of this is in acid-base titrations.
Phenolphthalein is also classified as a universal indicator along with methyl red, bromothymol blue, and thymol blue. Another important property possessed by it is that it adopts for different states in aqueous solutions.
In strongly acidic solutions, this exists in a protonated form and produces orange coloration. Between strongly acidic and slightly basic solutions, it exists in the lactone form which is usually colorless.
Phenolphthalein in the doubly protonated phenolate form gives rise to the common pink coloration. In strongly basic solutions, it undergoes a slow fading reaction with increasing pH levels and becomes completely colorless hen the pH level exceeds 13.0.
Phenolphthalein finds its application in construction industry in concrete carbonation, in education (chemistry classes) in study involving reaction kinetics, and in entertainment as a component in disappearing inks and dyes in toys. Further, it is also used in a number of medical and healthcare applications.
The increasing need for development of new drugs in order to cure severe ailments is a major factor which is driving the growth of the global market at present. The increasing geriatric population and their associated age related ailments which require specific types of medicines devoid of side effects is also a key requirement which calls for research and development in the field of medicine.
In addition, the ever increasing growth of the electronics industry and other manufacturing industries makes use of this is based products as an adhesive which has stronger bonding capacity in comparison to other commonly used adhesives. This is also a major use case for it which is creating a positive impact on the global market.
The major restraint which is adversely impacting the growth of this market stems from its medical properties. Although it was used for decades as a laxative, it is currently facing a hurdle as the US Food and Drug Administration (FDA) has asked pharmaceutical distributors, retailers, and manufacturers to take phenolphthalein based laxatives off the shelf in US markets.
This ban has also resulted in other global markets to follow suit. This is due to the fact that it has carcinogenic properties and its ability to cause ovarian cancer. As a result, the European Chemical Agency (ECA) has added it to the list of substances of very high concern.
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On the regional front, North America is the most dominant market for it. The demand for this is primarily from the US market owing to continual funding by Governments in the region for medical research initiatives. In addition, the huge geriatric population in the region which requires regular medical care and transplants is also a key driver of this market in the region.
Europe is the second dominant market for this as a number of large automobile companies are present in the region and the requirement of adhesives for such companies is voluminous. East and South Asia are expected to be the fastest growing markets for this as there are a number of electronics and textile manufacturers in the region which make use of this extensively as adhesives and textiles and toy dyes.
Some of the key market participants in the global market are:
The Phenolphthalein market research report presents a comprehensive assessment of this 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.
This market research report provides analysis and information according to market segments such as geographies, end use operation and application.
The Phenolphthalein market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of the market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
This market report also maps the qualitative impact of various market factors on market segments and geographies.