Aminophenol Global Market Report 2024 - By Growth, Demand, Drivers, Share, Forecast To 2033

The aminophenol market size has grown strongly in recent years. It will grow from $1.87 billion in 2023 to $1.98 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to heightened security concerns, stringent regulatory standards, global increase in air travel, focus on passenger experience, emergence of new threats.

The aminophenol market size is expected to see steady growth in the next few years. It will grow to $2.37 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to increased air travel volume, integration of artificial intelligence (ai), adoption of contactless screening solutions, global security threat landscape, integration of automated screening processes. Major trends in the forecast period include focus on contactless and biometric technologies, regulatory emphasis on advanced technologies, public-private partnerships, enhanced privacy and non-intrusive technologies, collaboration for security solutions, technological advancements in detection:.

Market Overview -
Aminophenol refers to a class of organic compounds that are derived from phenol by replacing one or more hydrogen atoms in the benzene ring with amino (NH2) groups. These are utilized as useful primarily used in a wide range of stains and dyes. Additionally, the para compound serves as a fur and photographic developer.

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Thriving Pharmaceutical Sector To Fuels Aminophenol Market Growth
The booming pharmaceutical sector is expected to propel the growth of the aminophenol market going forward. The pharmaceutical sector refers to the industry dedicated to the discovery, development, production, distribution, and marketing of drugs for medical use. Aminophenol is used in the pharmaceutical sector as a precursor in the synthesis of various drugs, including paracetamol, amodiaquine, and mesalazine, because of their reactivity, ability to participate in various chemical reactions, and role as versatile intermediates. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations, a Belgium-based trade association and lobbying organization, the production value of pharmaceuticals in Europe increased from $347.31 billion (€ 323,950 million) in 2021 to $364.26 billion (€340,000 million) in 2022. Therefore, the booming pharmaceutical sector is driving the growth of the aminophenol market.

Competitive Landscape -
Major companies operating in the aminophenol market report are BASF SE, Merck & Co., Mitsui Chemicals Inc., Jiangsu Glory Chemical Co. Ltd., Daicel Corporation, Aarti Industries Limited, Toronto Research Chemicals Inc., Par Industries LLC, Ascent Pharmaceuticals Inc., Chemstar Enterprises Company, Jinan Qinmu Fine Chemical Co. Ltd., Loba Chemie Pvt. Ltd., Mubychem Group, Bharat Chemicals, Wego Chemical Group, Amino-Chem Co. Ltd., Gunjal Industries, EMCO Dyetuff Private Limited, Haihang Industry Co. Ltd., Jay Organics Private Limited, Pravin Dyechem Pvt. Ltd., CDH Fine Chemicals Ltd., Glentham Life Sciences Limited, Taixing Yangzi Pharmaceutical Chemical Co. Ltd., Liaoning Shixing Pharmaceutical & Chemical Co. Ltd., Shouguang Fukang Pharmaceutical Co. Ltd., Jayvir Dye Chem, Cefa-Cilinas Biotics Private Limited, Anhui Bayi Chemical Industry Co. Ltd., CDH Fine Chemicals

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