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Aminophenol Market Trends, Size, Industry Segments And Profit Growth By Forecast To 2033
Aminophenol Market Trends
As per the report, 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 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%.
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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.
Innovative Production and Market Entry
Major companies in the aminophenol market are increasing their focus on production and product innovation, such as para-aminophenol (PAP), to sustain their position. Para-aminophenol (PAP) is a chemical compound and an organic compound with the molecular formula C6H7NO. For instance, in June 2022, Sadhana Nitro Chem Limited, an India-based chemical company, successfully commenced production of its first para-aminophenol (PAP) plant. The plant is the second of its kind globally and produces para-aminophenol through a hydrogen-based catalytic reduction of nitrobenzene. The company has introduced an aminophenol-based product into the Indian pharmaceutical market.
The aminophenol market covered in this report is segmented -
1) By Type : M-Aminophenol, P-Aminophenol, O-Aminophenol
2) By Form : Solid, Liquid, Other Forms
3) By Applications : Synthesis Precursors, Dye Intermediate, Fluorescent , Other Applications
4) By End-Use Industries : Pharmaceutical, Chemical, Cosmetics, Other Industries
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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
Contents of the report:
1. Executive Summary
2. Aminophenol Market Report Structure
3. Aminophenol Market Trends And Strategies
4. Aminophenol Market - Macro Economic Scenario
5. Aminophenol Market Size And Growth
…..
27. Aminophenol Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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