The Worldwide Aminophenol Industry is Projected to Reach $1.7 Billion by 2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Global Aminophenol Market by Type (P-Aminophenol, M-Aminophenol, and O-Aminophenol), Application (Dye Intermediate, Synthesis Precursor, Fluorescent Stabilizers), End-use Industry, and Geography - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global aminophenol market is estimated to be worth USD 1.4 billion in 2022 and is projected to reach USD 1.7 billion by 2027, at a CAGR of 4% during the forecast period.
P-aminophenol to be the fastest growing type in aminophenol market
PAP is one of the key chemicals required to produce paracetamol, an analgesic and antipyretic drug. China is the major producer of PAP. A large portion of India's demand for PAP is met through imports from China.
The uncertainty in India-China relations would affect the supply and price of this material. India is one of the major users of p-amino phenol and is the second-largest market for PAP products after China.
The P-Aminophenol segment accounted for the largest share of the global aminophenol market in 2021
This is due to the increased demand for p-aminophenol in the manufacturing of paracetamol and other drugs. China and India are the major markets for p-aminophenol due to its high demand from the pharmaceutical, chemical, and cosmetic industries.
Chemical Industry to be the second largest end-use industry in aminophenol during the forecast period
In the cosmetic industry, aminophenol is used as a dye intermediate in the manufacturing of hair dyes, tints, colors, optical bleaches, as a rubber antioxidants, and fluorescent agents. All aminophenol derivatives are used in permanent (oxidative) hair dyes at concentrations from 0.1 to 5%.
During rubber manufacturing, synthetic polymers, such as Nitrile-Butadiene Rubber (NBR), Styrene- Butadiene Rubber (SBR), polychloroprene, and polyisoprene, have antioxidants added to their latex phase of processing to protect them from oxidation. The aminophenol derivative, para-aminophenol, is one of the key ingredients for the synthesis of rubber antioxidants. It is either directly used as an antioxidant or used as a precursor of some PPD (Para-Phenylenediamine).
North America to be the third largest market for aminophenol
North America has for long been one of the critical markets for aminophenol. The North American market mainly comprises the US, Canada, and Mexico; the US is the dominant market in the region, with a share of more than 86.0%. The market for aminophenol in the US is driven by industrial demand in end-use industries, such as pharmaceutical, chemical, and cosmetics.
The North American Free Trade Agreement (NAFTA) has helped in developing a close trade relationship between the US, Mexico, and Canada, which allows these countries to extend their product reach to the world's leading economies at lower costs. This will encourage the import and export of several products such aminophenols. The US is expected to continue dominating the aminophenol market in North America between 2022 and 2027. The largest share of the US in the North American market can primarily be attributed to its developing pharmaceutical, chemical, and cosmetic industries.
- Increase in Demand for Paracetamol
- Rising Demand from End-use Industries
- Growing Focus on Precision Medicine
- Rising Uncertainties
- High Risk of Cross-Contamination
- Increasing Demand in Emerging Economies
- Financially Attractive Market
- Constant Evolution of Industry Standards and Technologies
- Aarti Industries Limited (AIL)
- ACS Chemicals
- Anhui Bayi Chemical Industry Co. Ltd.
- Caming Pharmaceutical Limited
- CDH Fine Chemicals
- Emco Dyestuff Pvt. Ltd.
- Glentham Life Sciences Ltd.
- Hebei Xingyu Chemical Co. Ltd.
- Huludao Tianqi Shengye Chemical Co. Ltd.
- J K Chemical
- Jay Organics Pvt. Ltd.
- Jayvir Dye Chem
- Jiande Xingfeng Chemical Co. Ltd.
- Kajay Remedies Pvt. Ltd.
- Liaoning Shixing Pharmaceutical & Chemical Co. Ltd.
- Loba Chemie
- Otto Chemie Pvt. Ltd.
- Seqens Group
- Shree Hari Organics
- Synex Global Services LLP
- Taixing Yangzi Pharm Chemical Co. Ltd.
- Valiant Organics Limited
- Wego Chemical Group
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