{"id":51899,"date":"2022-12-13T12:02:05","date_gmt":"2022-12-13T11:02:05","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/the-worldwide-aminophenol-industry-is-projected-to-reach-1-7-billion-by-2027-researchandmarkets-com\/"},"modified":"2022-12-13T12:02:05","modified_gmt":"2022-12-13T11:02:05","slug":"the-worldwide-aminophenol-industry-is-projected-to-reach-1-7-billion-by-2027-researchandmarkets-com","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/the-worldwide-aminophenol-industry-is-projected-to-reach-1-7-billion-by-2027-researchandmarkets-com\/","title":{"rendered":"The Worldwide Aminophenol Industry is Projected to Reach $1.7 Billion by 2027 – ResearchAndMarkets.com"},"content":{"rendered":"
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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”<\/a> report has been added to ResearchAndMarkets.com’s<\/strong> offering.\n<\/p>\n

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\nThe 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.\n<\/p>\n

\nP-aminophenol to be the fastest growing type in aminophenol market<\/em><\/strong>\n<\/p>\n

\nPAP 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.\n<\/p>\n

\nThe 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.\n<\/p>\n

\nThe P-Aminophenol segment accounted for the largest share of the global aminophenol market in 2021<\/em><\/strong>\n<\/p>\n

\nThis 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.\n<\/p>\n

\nChemical Industry to be the second largest end-use industry in aminophenol during the forecast period<\/em><\/strong>\n<\/p>\n

\nIn 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%.\n<\/p>\n

\nDuring 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).\n<\/p>\n

\nNorth America to be the third largest market for aminophenol<\/em><\/strong>\n<\/p>\n

\nNorth 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.\n<\/p>\n

\nThe 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.\n<\/p>\n

\nMarket Dynamics<\/strong>\n<\/p>\n

\nDrivers<\/em><\/strong>\n<\/p>\n