Analysis of Aminophenol market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Aminophenol is an organic compound that belongs to the group of chemical compound such as aniline and phenol. Aminophenol has further three derivatives i.e. M-Aminophenol, P-Aminophenol, and O-Aminophenol. Aminophenol including its derivatives is used in a wide variety of applications such as dyeing intermediates in textiles, chemicals etc. Further, it is observed that the use of the derivatives of aminophenol is involved in the pharmaceutical drugs, chemical effluents, and other reactive chemicals.
The applications of the aminophenol in the drug preparation has been identified as a recent trend in the industry. Owing to the use of aminophenol derivatives in multiple applications, the market is expected to rise by a higher single digit CAGR rate over the forecast period. Increasing demand from the end use industries, concentration of players towards niche applications and plethora of derivatives are some of the driving factors behind the mounting growth rate of the market.
The use of Aminophenol as the synthesizing precursor in the chemical industry is driving the market demand due to its reactive nature both as an acid or base. The extensive use of the aminophenol in the applications of cosmetic industry is providing an up thrust to the aminophenol market. However, the derivative of the aminophenol is stimulated as toxic compound in nature which can act as an allergen to the human body.
COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe, flattening the global economic curve. This in result has disrupted almost every market and Aminophenol market has also been affected largely.
COVID-19 pandemic has presented massive disruptions in the demand-supply equilibrium across multiple industries, leading towards economic losses at a global level. The plant shutdowns in Europe, Asia and North America in the second quarter of 2020 have reduced the production scale of Aminophenol. However, the market is expected to bounce back strongly by first quarter of 2021.
Growing cosmetics and personal care industry across Asia, Europe, and North America that include aminophenol as an intermediate is set to drive the respective regional markets. The Asia Pacific collectively holds a dominant market share under the aminophenol market in terms of revenues. China and India are the major driving pillars of this region on the back of the increasing demand for cosmetic solutions.
North America and Europe are witnessed to follow Asia Pacific in terms of consumption. High demand from the pharma and chemical industries are mainly driving this growth. Europe is expected to rise with exceptional higher digit CAGR over the assessment period. Moreover, Latin America along with Middle East & Africa accounts for nominal shares under the aminophenol market.
The key stakeholders in the market are Wego chemicals, Parchem, CDH fine chemicals, Ascent Chemicals ,Glentham Life Sciences Ltd. , Emco Dyetuff Pvt Ltd. ,Loba Chemie, etc., The players are observed to march ahead in the market with a well-balanced mixture of organic and inorganic growth strategies. Diver applications, production capacity expansions along with collaborations with the major end-users are some of the key success factors witnessed in aminophenol market.
The research report presents a comprehensive assessment of the Aminophenol market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Aminophenol market report provides analysis and information, according to market segments such as geographies, shape type, packaging type, application and end use.
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The Aminophenol report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Aminophenol report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Aminophenol report also maps the qualitative impact of various market factors on market segments and geographies.
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The global aminophenol market is divided into four major segments: Product type, application, end-use, and region.
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