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Property Details
Chemical Name 2-(Hydroxymethyl)benzoic acid
Molecular Formula C8H8O3
Molecular Weight 168.15 g/mol
Appearance White to off-white powder
Solubility Soluble in water and organic solvents
Melting Point 110-115 °C
Applications Used in pharmaceuticals and chemical synthesis

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Global Market Trends for CAS 4478-93-7 from 2018 to 2023

The line chart above highlights the market trends for CAS 4478-93-7 from 2018 to 2023, showcasing its market share over these years. In 2018, the market share started at 25%, reflecting its relatively new presence in the industry. As time progressed, there was a noticeable increase in market share, reaching 30% in 2019, largely attributed to increased global demand and the expansion of production capabilities. However, a slight decline to 28% was observed in 2020, potentially due to external market factors such as economic fluctuations and competition. By 2021, a resurgence was noted with a market share of 32%, indicating recovery and adaptation strategies being employed by manufacturers. The years 2022 and 2023 saw significant growth, peaking at 45% and stabilizing at 40% respectively. This surge can be linked to advancements in production technology and strategic marketing efforts, establishing CAS 4478-93-7 as a key player in the global market.

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