CHICAGO, Oct. 28, 2022 /PRNewswire/ -- Aminophenol Market size is estimated to be USD 1.4 Billion in 2022 and projected to reach USD 1.7 Billion by 2027, at a CAGR of 4.0% during the forecast period according to a new report by MarketsandMarkets™. The market for aminophenol has experienced significant growth, primarily due to the increase in demand of paracetamol and growth in demand from end-use industries such as pharmaceutical, chemical, and cosmetic. Moreover, the growing focus on precession medicine will drive the demand of aminophenol in the near future.
PDF Download: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=208994594
Browse and in-depth TOC on "Aminophenol Market"
231 - Tables
30 - Figures
175 - Pages
View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/aminophenol-market-208994594.html
The p-aminophenol segment is likely to hold a larger share of the aminophenol market during the forecast period.
Due to the increased demand for p-aminophenol in the manufacturing of paracetamol and other drugs, the aminophenol market for p-aminophenol is expected to have the largest share during the forecast period. P-Aminophenol or PAP is also known as 4-aminophenol or p-aminophenol. It is utilized as a developer, intermediate, raw material, and reagent with a wide range of applications in azo dyes, drugs (paracetamol), acid dyes, sulfur dyes, fur dyes, antioxidants, petroleum additives, etc. PAP is the key chemical required to produce paracetamol, an analgesic and antipyretic drug. China is the major producer of PAP. A large portion of Indi'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 the major user of p-aminophenol and is the second-largest market for PAP products after China.
The pharmaceutical segment is likely to be the largest end-use industry in the aminophenol market during the forecast period.
In the pharmaceutical industry, p-aminophenol is used as a precursor in the manufacturing of paracetamol. In addition to paracetamol, it is a key element in the synthesis of active pharmaceutical ingredients (APIs), such as acebutolol, ambroxol, gefitinib, sorafenib, and many others. The rising population across the globe and rising awareness of pain management are the factors fuelling the growth of the aminophenol market in the pharmaceutical industry.
Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=208994594
The synthesis precursor segments were the largest application of aminophenol during the forecast period.
Synthesis precursors are mainly used in the pharmaceutical industry. The major use of aminophenols is in the synthesis of precursors. The derivative of aminophenols have important usage in the photographic and pharmaceutical industries. They are widely used as precursors in synthesizing more complicated molecules, especially those used in the staining and dye industry.
Rapid economic growth in China and India is expected to propel the Asia-Pacific aminophenol market in the coming years. Asia Pacific (APAC) is expected to be the fastest-growing market for aminophenol systems during the forecast period. The aminophenol market has enormous potential in the APAC region, and it is anticipated that the economy of the Asia Pacific countries, such as China and India, is growing rapidly. South Asian countries, such as Indonesia, Taiwan, and South Korea, are also witnessing fast growth. These economies present high growth opportunities for players in the aminophenol market. The primary driver behind their growth is the increasing population, increasing prosperity, and improving longevity.
A few of the key players in the aminophenol market are Wego Chemical Group (US), Parchem (US), CDH Fine Chemicals (India), Glentham Life Sciences Ltd (England), EMCO Dyetuff Pvt Ltd. (India), Loba Chemie (India), Taixing Yangzi Pharm Chemical CO., LTD. (China), Liaoning Shixing Pharmaceutical & Chemical CO., Ltd. (China), and Anhui Bayi Chemical Industry Co. Ltd. (China) among others.
Get 10% Free Customization on this Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=208994594
Browse Adjacent Markets: Bulk Chemicals and Inorganics Market Research Reports & Consulting
Related Reports:
Lubricant Anti-wear Agents Market by Type (ZDDP, Phosphate, Phosphite, Phosphonate) by Application (Engine Oil, Automotive Gear Oil, Automotive Transmission Fluid, Hydraulic oil, Metalworking Fluid, Grease) and Region - Global forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/lubricant-anti-wear-agents-market-8724687.html
Metal Cleaning Chemicals Market by Cleaner Type (Aqueous & Solvent), by Metal Type (Steel, Aluminum), by Ingredient (Surfactant, Chelating Agent, Solvent), by end-use industry (Manufacturing, Automotive & Aerospace) - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/metal-cleaning-chemical-market-37494778.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
Contact
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/aminophenol.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article