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Property Value Source
Chemical Name 4-Hydroxy-2-methylbenzoic acid PubChem
Molecular Formula C8H8O3 ChemSpider
Molecular Weight 168.15 g/mol NIST
Boiling Point 203 °C ScienceDirect
Melting Point 119-121 °C Wiley
Solubility in Water Moderate PubChem
Application Used in the synthesis of various pharmaceutical compounds ResearchGate

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The chart illustrates the global market demand over the last five years, highlighting a significant upward trend in demand from 2019 to 2023. Initially, in 2019, the demand was recorded at 50 million units. This figure saw substantial growth each subsequent year, reaching 75 million in 2020 and surging to 100 million units in 2021. The momentum continued, with the demand increasing to 150 million units by 2022 and peaking at 200 million units in 2023. This trend indicates a robust market growth trajectory, reflecting increased consumer adoption and the expansion of relevant applications in various industries. Such data is essential for stakeholders to understand market dynamics and make informed decisions about investments, production capacity, and strategic planning. The continuous rise in market demand also suggests a rising opportunity for innovation and development within the sector, emphasizing the importance of adaptability and responsiveness to market needs. Understanding these trends is crucial for entities involved in production and distribution, as they navigate the complex landscape of global demand.

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