Para-Aminophenol Market to Witness Rapid Growth; Rising Demand Of Para-Aminophenol From Pharmaceutical Industries to Fuel Market Growth: Says Fortune Business Insights

The global para-aminophenol market size is anticipated to expand owing to the rising demand for the substance from pharmaceutical industries. Fortune Business InsightsTM has presented this information in its upcoming report titled, "Para-Aminophenol Market 2023-2030". This "Para-Aminophenol Market" research report provides businesses with essential data and information on the market's drivers and the factors that affect the growth of the industry.

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4-Aminophenol or p-aminophenol are other names for para-amino phenol. H2NC6H4OH is the chemical formula for this organic molecule. It comes in powder form and appears as a white, reddish, or light brown crystal. The product is soluble in water, alcohol, and ether but not in chloroform. Furthermore, the para amino phenol's high consumption can be viewed as a developer, intermediary, raw material, and reagent. It's used in azo dyes, medicine paracetamol, acid dyes, sulfur dyes, fur dyes, antioxidants, and petroleum additives, among other things.

Regional Insights -

Asia Pacific Region to Grow at a Fastest Pace

The para-aminophenol market share is expected to develop at the fastest rate in Asia Pacific. The rise in demand for the product as an intermediary in the pharmaceutical industry is credited with the increase. The cosmetics industry's rapid expansion will help to increase product consumption in North America. Increased use of the product in the coatings industry is driving expansion in Europe. In Europe, increased use of the substance in the coatings industry is driving growth. The Middle East and Africa are expected to see significant growth because of the expanding product usage as a predecessor in the rubber sector.

Competitive Landscape -

Key Players to Adopt Organic Growth Strategies

Market players are adopting several organic growth strategies to sustain themselves in the market. Primary Information Services, Aarti Industries Limited, Jayvir Dye Chem, SEQENS Group, BHARAT CHEMICALS, MOLBASE, WEGO CHEMICAL GROUP, Haihang Industry, Hefei TNJ Chemical Industry Co., Ltd., Parchem fine & specialty chemicals, and Valiant Organics Limited are some of the prominent players.

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Segmentation -

On the basis of application, the market is segmented into the textile industry, cosmetics, coatings, pharmaceutical, rubber/plastic industry and others. Geographically, the market is classified into Europe, North America, Asia Pacific, Latin America, the Middle East & Africa.

List of Key Players in the Market:

Aarti Industries Limited
SEQENS Group
Jayvir Dye Chem
BHARAT CHEMICALS
MOLBASE
Haihang Industry
WEGO CHEMICAL GROUP
Parchem fine & specialty chemicals
Hefei TNJ Chemical Industry Co.Ltd.
Primary Information Services
Valiant Organics Limited
Report Coverage -

The report consists of information on the para-aminophenol industry. The research includes information on numerous significant firms' strategies, including collaborations, mergers and acquisitions, technology breakthroughs, and regional expansion. The research also discusses the present market situation, including the influence of COVID-19, as well as the drivers and restraining factors.

Drivers & Restraints -

Increasing Demand from Pharmaceutical Sector to Boost Market Growth

The cosmetic and pharmaceutical sectors' increasing need for para-aminophenol will help to drive market expansion. It is used as an intermediary or raw material in the pharmaceutical industry to make paracetamol, acebutolol, sorafenib, gefitinib, and ambroxol. In the cosmetics industry, the substance is widely used in sulfur red-brown coloring and as a hair dye precursor. The rising demand for cosmetics, together with the pharmaceutical industry's strong growth, will help to boost product consumption. As a result, rising product demand in these industries would sustain market expansion over the forecast period. Inhaling para-aminophenol, on the other hand, can induce respiratory issues, collapse, skin allergies, itching and skin rash. As a result, para-aminophenol market growth is expected to be hampered.

Industry Developments

May 2021: Para Amino Phenol (PAP) is classified under the segment Key Chemical Synthesis Based KSMs/Drug Intermediates, and Madhana Nitro Chem has received approval from IFCI on behalf of the Department of Pharmaceuticals for its application under the Production Linked Incentive (PLI) Scheme. In addition, the date for the commercial debut of the PAP plant has been delayed because of the current pandemic situation.

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This release was published on openPR.