Global PAP and Paracetamol Market Report Examines Latest Trends and Key Drivers Supporting Growth through 2024

Market Research Reports Search Engine (MRRSE) has recently updated its massive research catalog by adding a new study, titled “PAP and Paracetamol Market”. The study offers a clear insight about the prevailing trends and innovations happening in the PAP and Paracetamol Market. Readers can further access details about research highlights and executive summary to gain a better idea about this assessment. The market overview covers key industry developments and market opportunity map during the mentioned forecast period. In addition, a holistic view of the entire global market scenario across all the prime regional segments, such as (Regions) has been delivered.

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The global para-aminophenol and paracetamol market is characteristic of intense competition and a high degree of fragmentation, reveals MRRSE in a new report. Leading companies in the market are stepping up their supply and production capabilities by partnering with local companies and third-parties to enhance technical expertise and for logistics. These companies are also employing innovative marketing strategies and adopting robust distribution networks to further consolidate themselves in the intensely competitive market.

Prominent names in the para-aminophenol (PAP) and paracetamol market are Taixing Yangzi Pharm Chemical Co. Ltd., Granules India, Anqi Lu’an Pharmaceutical Co. Ltd., and Mallinckrodt. Leading companies are striving to shift operations in emerging economies of Asia Pacific and Latin America to leverage benefits of newly built infrastructure and cheap labor. Lucrative growth opportunities in emerging economies of Asia Pacific is also that companies in the PAP and paracetamol market can bank upon for sustainable returns in the future.

As per a report by MRRSE, the demand in the global paracetamol market will translate into a revenue of US$1,049.7 mn by the end of 2022 from a valuation of US$900.2 mn in 2014. On the other hand, the PAP market will expand from a valuation of US$452.7 mn in 2014 to US$709.2 mn by the end of 2022. From a geographical standpoint, North America currently leads the PAP and paracetamol market, and is anticipated to hold on to its dominant position in the forthcoming years. Meanwhile, the emergence of Asia Pacific as a key region for the production of PAP and paracetamol will account for the region’s increased market share in the upcoming years. The Asia Pacific PAP market is likely to expand at a healthy 8.1% CAGR between 2014 and 2022.

Rising Patient Pool of Pain-inducing Diseases Drives PAP and Paracetamol Market

Factors stoking demand for PAP and paracetamol are closely associated as 80% of PAP manufactured globally is used for the production of paracetamol. This in turn, has led to vast rise in the production of paracetamol for its extensive use as an analgesic. Other factors fuelling the PAP market include increased usage of PAP for newer applications such as azo dyes, sulfide dyes, photographic developers, and rubber antioxidants. In addition, significant rise in patient pool of infections, gastric problems, and chronic diseases that require pain relievers to subside pain because of primary condition is also acting in favor of the PAP and paracetamol market.

Apart from this, rapid expansion of the manufacturing sector and varied production facilities in emerging economies such as China and India are serving to provide a strong base for chemical manufacturing. This is attracting international pharmaceutical companies to shift operations in these countries. This has boosted the production of PAP in these regions, and is anticipated to positively influence the overall PAP and paracetamol market in the upcoming years.

In order to understand the global scenario of the paracetamol and para-aminophenol industry, the report also includes a table demonstrating the existing manufacturing plants, and the plants closed for both paracetamol as well as para-aminophenol. All these factors would help the market players to take strategic decisions in order to strengthen their positions and expand their shares in the global market. Geographically, the paracetamol and para-aminophenol market has been segmented into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Rest of the World (RoW). The report includes historical as well as forecast data on production, trade, and consumption analysis and supply and demand of paracetamol and para-aminophenol in each region, wherein 2012 and 2013 form the historical years.

The recommendations section include in the report would assist the existing players to expand their market shares. The report also profiles major players in the paracetamol and para-aminophenol market on the basis of various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Major players profiled in this report include Angene International Limited, BOC Sciences, Granules India, Haihang Industry Co., Ltd., Jinan Haohua Industry Co., Ltd., Kemcolour International, Mallinckrodt plc, ORGANICA Feinchemie GmbH Wolfen, Parchem Fine & Specialty Chemicals, Wuxi Feipeng Imp. & Exp. (Group) Co., Limited, and Zhejiang Hisun Chemical Co., Limited.

Complete Report Details with TOC and List of Tables and Figures @ https://www.mrrse.com/pap-paracetamol-market

The global PAP and Paracetamol market is segmented as follows:

Global PAP Market Revenue, by Geography

North America
U.S.
Canada
Europe
U.K.
Germany
Rest of Europe
Asia Pacific
Australia
Japan
Rest of Asia Pacific
Latin America
Brazil
Rest of Latin America
Rest of the World

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This release was published on openPR.