Aminophenol Market Analysis

Aminophenol Market Analysis

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Aminophenol market from fresh sources segment accounted for USD 0.7 billion in 2022. Meta-aminophenol is another important component in hair dye and colorant products, providing color development and stability. Para-aminophenol is a crucial intermediate in the pharmaceutical industry, used in the synthesis of drugs such as acetaminophen (paracetamol).

Dye Intermediates application captured around 40% share of the aminophenol market in 2022 and is forecasted to observe lucrative pace through 2032. The textile industry is a major consumer of dye intermediates, including aminophenol derivatives. These intermediates are essential for producing a wide range of vibrant and colorfast dyes used in fabrics and textiles. The ever-changing fashion and apparel trends drive the demand for a variety of colors and shades in textiles.

Pharmaceuticals sector captured dominant market share in 2022 and is projected to register 3.8% CAGR through 2032. The growing healthcare industry, aging population, and increased demand for medications drive the demand for aminophenol in pharmaceutical applications. Thus, the high-quality services and growing usage of Aminophenol at food centres are anticipated to expedite the aminophenol market growth.

U.S. dominated the North American region with majority market share and a revenue of USD 0.36 billion in 2022 and is likely to expand at a significant pace from 2023 to 2032. North America has a significant agricultural sector, and aminophenol is used as an intermediate in the production of agrochemicals, such as herbicides and pesticides. The need to enhance crop yields and protect agricultural output contributes to the demand for aminophenol in the region.