Aminophenol Market Size and Forecast 2024-2033| BASF SE, Merck & Co., Mitsui Chemicals Inc., Jiangsu Glory Chemical Co. Ltd

Tyrosine or Tyr or 4-hydroxyphenylalanine is one of the 20 standard amino acids that are used by cells to synthesize proteins. 3d illustration

The Aminophenol Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Aminophenol Global Market Report 2024, 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:

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.

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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

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 report table of contents includes:

1. Executive Summary

2. Aminophenol Market Characteristics

3. Aminophenol Market Trends And Strategies

4. Aminophenol Market – Macro Economic Scenario

5. Global Aminophenol Market Size and Growth

26. South America Aminophenol Market

27. Brazil Aminophenol Market

28. Middle East Aminophenol Market

29. Africa Aminophenol Market

30. Aminophenol Market Competitive Landscape And Company Profiles

Top Major Players: