Global M-Phenylene Diamine Market to Expand at An Impressive Growth Rate of 5.72% During The Forecast Period from 2020-2027: Proficient Market
M-phenylene diamine (MPD) is also termed as 1,3-diaminobenzene. It is an organic compound with the formula C6H4(NH2)2 which is an isomer of o-phenylene diamine and p-phenylene diamine. It is a colorless solid. It is widely used in the preparation of various polymers including aramid fibers, epoxy resins, wire enamel coatings and polyuria elastomers. Besides, they are used as an accelerator for adhesive resins, and as a component of dyes for leather and textiles.
In terms of revenue, global m-phenylene diamine market in 2019 stood at USD 1,041.81 million and is expected to reach USD 1,615.41 million by 2027 growing at a CAGR of 5.72% from 2020 to 2027.
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Some of the global major players operating in the m-phenylene diamine market include: Amino-Chem Co., Ltd, Sichuan North Hongguang Special Chemical Co., Ltd, Jiangsu Tianjiayi Chemical Co., Ltd., Alfa Aesar, Jiangsu Xinyu Bio-Tech Co., Ltd., EASCHEM.COM, and others.
Drivers for the Global M-phenylene diamine Market: M-phenylene diamine is extensively used in a wide range of applications including M-dihydroxybenzene, epoxy resin curing agent, aramid fiber, and dyes. has been used recently for the preparation various polymers including aramid fibers, epoxy resins, wire enamel coatings and polyuria elastomers. Hence, increasing demand for innovative products with m-phenylene diamine drives this market.
Opportunities for the Global M-phenylene diamine Market: Population growth, rising disposable income levels, and rapid urbanization in developing countries like China, India, and Mexico are likely to boost the product demand. Moreover, increasing number of supermarkets and retail outlets in these countries is expected to drive the demand further. Further, growing chemical market across the globe will create lucrative opportunities for M-phenylene diamine market during the forecast period.
Restrains for the Global M-phenylene diamine Market: The demand of the organic and naturally made personal care products is increasing all over the globe. This is because of the increasing awareness on healthier lifestyle and thus, are more concern about ingredients used in these products. So, the increasing demand for the natural and organic ingredients product is hindering the growth of M-phenylene diamine (MPD) market all over the globe.
Region Wise, Global M-phenylene diamine Market Analysis: North America held maximum share in M-phenylene diamine market due to increasing demand from end-use applications and due to the strong economic rise in regions like US and Canada. Additionally, Asia Pacific region will show lucrative growth in coming years because of the positive economic growth trends in countries, such as China, India, and Japan. China is one of the highest producers of M-phenylene Diamine which is responsible for the growth of Asia pacific region in this market.
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Global M-phenylene diamine Market: Product analysis
Global M-phenylene diamine Market: Application analysis
Epoxy Resin Curing Agent
Global M-phenylene diamine Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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