The Phenyl Acetate Market was valued at US$ 280 million in 2024 and is projected to reach US$ 415 million by 2032, registering a CAGR of 5.0% during the forecast period. This growth is attributed to the rising demand for phenyl acetate in the pharmaceutical and chemical industries, along with increasing research and development activities in organic synthesis. The market's expansion is also fueled by a growing focus on specialty chemicals and medical applications, particularly in emerging economies.
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