Aminophenol Market Worth will grow at a CAGR of 4.3% during 2020-2026
Posted On June 15, 2020
During the period of 2020-2026 it is expected that the Global Aminophenol Market will showcase a CAGR of 4.3%, as stated in the published report by Value Market Research. The growing end-user industries are driving the demand of aminophenol. The majority part of aminophenol is used for the synthesis of derivative chemicals. Almost 80% of the aminophenol that is manufactured across the globe is used for the production of other derivative chemicals. Technological advancements in textile and hair color coupled with the ever-expanding demand for aminophenol as a solvent, reactant, and reagent is anticipated to boost demand for aminophenol. Significant ray of robust demand is attributed to para aminophenol (4-aminophenol) for manufacturing of paracetamol. Owing to the growing use of paracetamol as an antipyretic for COVID-19 treatment, the production of paracetamol has doubled thus demanding more para aminophenol. At the same time, the market is facing shortage due to curbing the export of paracetamol and panic buying.
Aminophenol is a white to reddish-yellow crystalline solid that turn pink or violet when exposed to air. It is a building block of organic chemistry. It may refer to any of three isomeric chemical compounds: 2-Aminophenol, 3-Aminophenol, and 4-Aminophenola. Aminophenol is also used as a dye for textiles, hair, furs and feathers. It finds application as a reactant in the synthesis of derivatives such as 2, 2-bis (4-aminophenoxy) benzonitrile. It may be used as derivatization reagent to improve the ionization of aliphatic and aromatic aldehydes by paper spray ionization mass spectrometry. 4- Aminophenol is a major raw material in the industrial synthesis of paracetamol.
The initial sections of the report "Global Aminophenol Market Report By Product (2-Aminophenol, 3-Aminophenol And 4-Aminophenol), By Application (Dye, Pharmaceutical And Other) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" starts with the introduction, a crisp market summary followed by detailed revenue analysis as per segments and regions. The market drivers responsible for pushing the market growth are discussed in length in the report. The aminophenol market opportunities are useful to identify the profit centers and take the strategic decision accordingly.
On the basis of product the aminophenol market is bifurcated into 2-aminophenol, 3-aminophenol and 4-aminophenol. By application the aminophenol market is bifurcated into dye, pharmaceutical and other.
Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global Aminophenol Market -
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Dow, Formosa Chemicals and Fibre Corporation, Georgia Gulf Corporation, Honeywell International Inc., INEOS, Kumho Petrochemical Co., Ltd., Mitsui Chemicals, Inc., Novapex, Saudi Basic Industries Corporation (SABIC) and Solvay SA.
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