Global Para-aminophenol (PAP) Market Research Report 2024(Status and Outlook)

The Global "Para-aminophenol (PAP) Market" Size was estimated at USD 354.55 million in 2024 and is projected to reach USD 312.15 million by 2030, exhibiting a CAGR of -2.10% during the forecast period.

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Para-aminophenol (PAP) is the organic compound with the formula H2NC6H4OH. Typically available as a white powder. Para-aminophenol is a kind of commonly used intermediate of refined chemical industrial product, In the dye industry, it is applied to the synthesis of weakly acidic yellow 6G, weak acid yellow 5G, vulcanization blue 3R, Sulphur Blue CV, vulcanization Brilliant Green GB, sulfur red brown B3R, C.I. Sulphur Black 6(53295) and so on. In the pharmaceutical industry, it is used for the synthesis of paracetamol, clofibrate and so on. It is also used in the preparation of the developer, antioxidants and oil additives and other products.

Growing demand for hair colorants and dyes in countries such as China, India, and Indonesia. New regulations, such as the European Union's REACH regulation or the Chinese National Hazardous Substance List, are impacting the use of PAP in consumer products, leading to shifts in supply and demand for PAP globally.

Industry Segmental Analysis

Hydrogenation Reduction Method to hold the highest market share: By Type

Based on type, the industry has been segmented as Hydrogenation Reduction Method, and Iron Powder Reduction Method

The global para-aminophenol (PAP) industry is dominated by the Hydrogenation Reduction Method. The effectiveness of this process and its capacity to generate high-purity PAP make it the favoured choice for applications involving medicines, dyes, and other speciality chemicals. Higher yields and improved product quality are achieved by the careful control of reaction conditions that hydrogenation offers. In large-scale industrial processes where purity and uniformity are crucial, this method is very prevalent. On the other hand, albeit less complicated and more affordable, the Iron Powder Reduction Method is typically employed in facilities with lower technological sophistication or size. The growing demand for high-purity PAP in important markets including pharmaceuticals and the chemical industry promotes the preference for the hydrogenation process, reinforcing its leadership position in the market.

Paracetamol (Acetaminophen) to hold the highest market share: By Application

Based on application, the industry has been segmented as Paracetamol (Acetaminophen), Hair Dyes, Textile Dyes, Pigments for Paints & Coatings, Agrochemicals and Rubber Chemicals.

Among the various applications of Para-aminophenol (PAP), Paracetamol (Acetaminophen) holds the highest market segment. The main cause of this domination is the widespread use of paracetamol, a medication that is taken often as an analgesic and antipyretic. High-purity PAP, an essential precursor in the synthesis of paracetamol, is in high demand due to the pharmaceutical industry's extensive manufacture of the drug. This category is largely driven by the global market for over-the-counter pain relief and fever reduction drugs, which is growing due to rising healthcare requirements and a growing emphasis on self-medication. While still significant, other applications like rubber chemicals, paint and coating pigments, hair dyes, textile dyes, and agrochemicals fall short of the pharmaceutical industry's size in terms of volume and income. As such, the use of PAP in pharmaceuticals for Paracetamol remains the leading segment in the global PAP market.

Regional Analysis

In terms of region, the global Para-aminophenol (PAP) has been segmented as North America, Europe, Asia Pacific, Middle East & Africa and South America.

The Asia Pacific region's para-aminophenol (PAP) market is expanding rapidly, propelled by the quick rise of important end-use industries like rubber chemicals, textiles, and pharmaceuticals. Acetaminophen, also known as paracetamol, is a commonly used over-the-counter painkiller and antipyretic. It is largely produced using PAP, a key chemical intermediary. Due to its capacity for large-scale production, growing industrial base, and rising healthcare demands, the Asia Pacific region-especially nations like China and India-has emerged as a major participant in the worldwide PAP market.

China's strong chemical and pharmaceutical sectors have made it one of the Asia Pacific region's top manufacturers and consumers of PAP. The nation has been an important market for PAP due to its large-scale production capacity and rising local demand for dyes and pharmaceuticals. India's expanding pharmaceutical sector makes it a significant player in the Asia Pacific PAP market. Since India is one of the world's top producers of generic medications, there is a high demand for PAP as a production intermediary for paracetamol. The market has also been strengthened by the Indian government's support of the chemical industry through a number of programs.

Competitive analysis

Anhui Bayi Chemical
Liaoning Shixing Pharmaceutical
Farmson
Taixing Yangzi
Anqiu Lu'an Pharmaceutical
Mallinckrodt Pharmaceuticals
TAIZHOU NUERCHENG
Anhui Zhongxing Chemical
Meghmani Organics
Atabay
Other Key Players

The global para-aminophenol (PAP) market is competitive, with several major competitors vying for market supremacy through strategic initiatives and technological innovations. Prominent industry players like Anhui Bayi Chemical, Taixing Yangzi, etc. use their vast production capacities and R&D know-how to improve PAP production procedures and product quality.

The strong demand for PAP in pharmaceuticals, especially for paracetamol (acetaminophen), as well as in dyes and pigments, has resulted in fierce competition. To maintain competitive pricing, companies are investigating cost-effective production methods and investing in innovation to improve yield efficiency and purity. These companies frequently employ strategic alliances, acquisitions, and market expansion to bolster their market positions and safeguard supply networks.

Recent Developments:

2nd February 2024, Guangxin Shares announced that the company held the 18th meeting of the fifth Board of Directors on January 30, 2024, to consider and pass the company's "Motion on rescinding the Equity Purchase Agreement"; The Company signed a termination agreement with Wang Baoqin, Dong Guanglin and Liaoning Shixing. According to the announcement, Guangxin Shares originally intended to acquire 70% of the equity of Liaoning Shixing held by Wang Baoqin for RMB 21,000.00 in cash, and Shixing will become the company's holding subsidiary after the completion of the acquisition. As of the disclosure date of the announcement, according to the Equity Purchase Agreement, the Company has actually paid 14,700.00 million yuan to Wang Baoqin. During the performance of the contract, the business environment of Shixing has changed, and there are uncertain factors such as relocation risk of Shixing and its plant area. To control investment risks and safeguard the interests of the company, the company has reached a consensus with Wang Baoqin, Dong Guanglin and Liaoning Shixing, and signed a termination agreement.

5th August, 2024, Mallinckrodt Plc., global specialist in pharmaceutical company and CYC Capital Prtner, announced that they have entered into a definitive agreement under which CVC capital Partners Fund IX will acquire the companies Therakos business for a purchase price of $925 million subject to customary adjustment. "Today's announcement underscores our commitment to executing on our strategic priorities and creating value for our stakeholders," said Siggi Olafsson, President and Chief Executive Officer of Mallinckrodt. "This transaction provides the Therakos business with an ideal partner to invest in its continued growth, and we look forward to closely working with CVC to transition Therakos for the benefit of patients, healthcare providers, partners and employees. I thank the Therakos team for their ongoing commitment and dedication to improving the lives of patients."

27th December, Kilburn Chemicals Limited (KCL) has been acquired by Meghmani Organics Limited (MOL), according to a statement. MOL made 132 Crores of payments, of which INR 12.15 Crores went towards equity subscription. Thus, the Company has diversified its Pigment Division's product offering with Kilburn Chemicals acquisition, fast-tracking its foray into Titanium Dioxide (TiO2). The aforesaid acquisition has been funded from MOL's internal accruals.

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End use industry analysis:

In 2023 North America accounted for 53.3% of world pharmaceutical sales compared with 22.7% for Europe. 67.1% of sales of new medicines launched during the period 2018-2023 were on the US market, compared with 15.8% on the European market.

In 2022 the pharmaceutical industry invested more than € 47,000 million in R&D in Europe. A decade of strong US market dominance led to a significant shift of economic and research activity towards the US during the period 1995-2005, a trend that has been exacerbating since 2015The developed pharmaceutical markets of North America and Europe dominate the global market. These markets are bolstered by increased healthcare spending and a greater inclination towards adopting novel treatments. The pharmaceutical industry's investment in research and development is a defining feature of these mature economies. Per Pharmaceutical Research & Manufacturers of America (PhRMA), the biopharmaceutical sector in the US has been among the global pioneers in the creation of novel medications. The whole pharmaceutical and biopharmaceutical sector in the United States invested roughly 122 billion US dollars was spent on research and development (R&D) in CY20. Likewise, according to the European. Europe's pharmaceutical research and industry association, the Federation of Pharmaceutical Industries and Associations (EFPIA).

Industry Trend

Technological Advancements

Technological advancements in the PAP (p-aminophenol) industry are significantly shaping its production landscape, particularly through the adoption of green chemistry initiatives and improved production methods. In line with global trends towards more ecologically responsible production, the PAP industry is placing a greater emphasis on sustainability. To reduce its environmental impact, PAP production is using concepts from green chemistry. This includes more advanced catalytic processes that are extremely effective and produce far less waste. Another significant advancement in PAP synthesis is the use of ecologically friendly reagents, which reduces the need for dangerous chemicals and the influence on the environment as a whole. These initiatives support the growing need from consumers and authorities for more environmentally friendly pharmaceutical production techniques, in addition to making PAP manufacture more sustainable.

The industry is concentrating on improving the scalability and performance of PAP manufacturing in addition to sustainability. The overall yield of PAP is increasing due to improvements in chemical synthesis techniques, such as stronger catalytic methods and optimised reaction conditions. The enhanced cost-power of PAP manufacture can be attributed to process optimisation, which involves developing more efficient manufacturing pathways and better control over response parameters. Due to these advancements, producers are able to increase output in order to fulfil the rising demand for prescription medications that include PAP as a crucial intermediary, such as paracetamol. The end product is a more reliable, environmentally friendly, and commercially successful production method that positions the PAP sector for sustained expansion in response to the expanding demands for healthcare around the world.

Industry Drivers

Increasing in demand from Chemical Industry

The growth of the chemical industry is significantly contributing to the rising demand for p-aminophenol (PAP), driven by its role as an intermediate in the production of various chemicals and its application in the specialty chemicals market. Beyond its essential function in prescription medication, PAP is also an important step in the production of numerous other chemical substances. PAP is a key component of the manufacturing strategies used by the dye, photographic, and rubber chemical industries. In a roundabout sense, the need for PAP is driving the expansion of these sectors, which are driven by the rising demand for goods like artificial dyes, photographic materials, and rubber-based stuff. The need for PAP as a versatile chemical intermediate is growing as those industries continue to expand globally, particularly in regions with increasing industrial sports, thus strengthening its position within the larger chemical industry.

Industry Restraint

Volatility in price of raw material

Aniline and several chemical intermediates, along with raw ingredients, are specifically needed for the production of PAP. Due to factors including changes in global supply networks, geopolitical unrest, and the volatile nature of upstream commodities like crude oil, the costs of those inputs are subject to changes. Such variations in rate may directly affect the PAP production's cost structure. PAP producers incur higher manufacturing costs in response to rising raw material prices, which may reduce their profit margins if they are unable to pass these costs through to customers. On the other hand, while costs are falling and may even temporarily lower production costs, this unpredictability affects pricing strategies and financial planning, making it challenging for manufacturers to maintain steady profitability.

Report Scope

The report includes Global & Regional market status and outlook for 2017-2028. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types, applications, End-user Industry. The report also covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin 2017-2028 & Sales with a thorough analysis of the market's competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Attributes

Details

Segments

By Type

Hydrogenation Reduction Method
Iron Powder Reduction Method

By Application

Paracetamol (Acetaminophen)
Hair Dyes
Textile Dyes
Pigments for Paints & Coatings
Agrochemicals
Rubber Chemicals

By End User

Pharmaceutical Industry
Dye Industry
Chemical Industry
Photography Industry

Region Covered

Key Market Players

Report Coverage

Industry Trends

SWOT Analysis
PESTEL Analysis
Porter's Five Forces Analysis
Market Competition by Manufacturers
Production by Region
Consumption by Region
Key Companies Profiled
Marketing Channel, Distributors and Customers
Market Dynamics
Production and Supply Forecast
Consumption and Demand Forecast
Research Findings and Conclusion
Geographic Segmentation

• North America (USA, Canada, Mexico)

• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

• South America (Brazil, Argentina, Columbia, Rest of South America)

• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

• Industry drivers, restraints, and opportunities covered in the study

• Neutral perspective on the market performance

• Recent industry trends and developments

• Competitive landscape & strategies of key players

• Potential & niche segments and regions exhibiting promising growth covered

• Historical, current, and projected market size, in terms of value

• In-depth analysis of the Para-aminophenol (PAP) Market

• Overview of the regional outlook of the Para-aminophenol (PAP) Market:

Key Reasons to Buy this Report:

• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

• This enables you to anticipate market changes to remain ahead of your competitors

• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

• Provision of market value (USD Billion) data for each segment and sub-segment

• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

• Includes in-depth analysis of the market from various perspectives through Porter's five forces analysis

• Provides insight into the market through Value Chain

• Market dynamics scenario, along with growth opportunities of the market in the years to come

• 6-month post-sales analyst support

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Para-aminophenol (PAP) Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.

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Table of content
Table of Contents
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Para-aminophenol (PAP)
1.2 Key Market Segments
1.2.1 Para-aminophenol (PAP) Segment by Type
1.2.2 Para-aminophenol (PAP) Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Para-aminophenol (PAP) Market Overview
2.1 Global Market Overview
2.1.1 Global Para-aminophenol (PAP) Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global Para-aminophenol (PAP) Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Para-aminophenol (PAP) Market Competitive Landscape
3.1 Global Para-aminophenol (PAP) Sales by Manufacturers (2019-2024)
3.2 Global Para-aminophenol (PAP) Revenue Market Share by Manufacturers (2019-2024)
3.3 Para-aminophenol (PAP) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Para-aminophenol (PAP) Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Para-aminophenol (PAP) Sales Sites, Area Served, Product Type
3.6 Para-aminophenol (PAP) Market Competitive Situation and Trends
3.6.1 Para-aminophenol (PAP) Market Concentration Rate
3.6.2 Global 5 and 10 Largest Para-aminophenol (PAP) Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Para-aminophenol (PAP) Industry Chain Analysis
4.1 P

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