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Aminophenol Market Size

Report ID: GMI6423
Published Date: Aug 2023
Report Format: PDF

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Aminophenol Market Size

Aminophenol Market size was valued at USD 1.6 billion in 2022 and is set to grow at over 4.2% CAGR between 2023 and 2032. Aminophenol is a key intermediate in the synthesis of various pharmaceutical compounds. It is used as a building block in the production of analgesics, antipyretics, and other drugs. Aminophenol is utilized in the polymer industry for the production of resins and epoxy compounds. These resins find applications in adhesives, coatings, and composites.

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Aminophenol finds application in the production of agrochemicals, such as herbicides and fungicides. It is used as a precursor in the synthesis of active ingredients in these agricultural products.

Aminophenol Market Report Attributes
Report Attribute	Details
Base Year:	2022
Aminophenol Market Size in 2022:	USD 1.6 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	4.2%
2032 Value Projection:	USD 2.4 Billion
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	191
Segments covered:	Type, Application, End-use, Region
Growth Drivers:	Growing pharmaceutical industry Expansion of the cosmetics industry Growing population
Pitfalls & Challenges:	Fluctuating Raw Material Prices Health and Safety Risks Environmental and Regulatory Concerns

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Aminophenol and its derivatives may pose environmental risks if not handled, stored, or disposed of properly. Aminophenol can be hazardous to health if not handled with care. The availability and cost of raw materials used in the production of aminophenol can be subject to market fluctuations, affecting the overall profitability and pricing of aminophenol-based products. Thus, the risks associated with Aminophenol may drive down the acceptance rate, further hampering the aminophenol market growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of aminophenol exceeded USD 1.6 billion in 2022 and will reach USD 2.4 billion by 2032.

Pharmaceuticals segment will record nearly 3.8% CAGR from 2023 to 2032 owing to the growing healthcare industry, aging population, and increased demand for medications that boost the usage of aminophenol in pharmaceutical applications.

U.S. aminophenol industry accounted for a revenue of USD 0.36 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032, backed by the wider usage of aminophenol as an intermediate in the production of agrochemicals, such as herbicides and pesticides.

Eastman Chemical Company, Mitsui Chemicals, Inc., Alfa Aesar, Lanxess AG, BASF SE, DuPont de Nemours, Inc., Evonik Industries AG, Wanhua Chemical Group Co., Ltd., Jiangsu Jiamai Chemical Co., Ltd., Changzhou Jinsui Chemical Co., Ltd., Daicel Corporation, PI Industries Limited among others.