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Aminophenol Market Trends

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

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Aminophenol Market Trends

Aminophenol continues to be in demand in the pharmaceutical industry as an important intermediate in the synthesis of various drugs, including analgesics and antipyretics. The increasing prevalence of diseases and the need for effective medications drive this demand. Environmental concerns have led to a trend of developing and adopting eco-friendly alternatives in the chemical industry. Manufacturers are exploring greener processes and bio-based aminophenol derivatives to reduce environmental impact.

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.