Aminophenol Global Market Report 2024

The aminophenol market size has grown strongly in recent years. It will grow from $1.87 billion in 2023 to $1.98 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth observed during the historical period can be attributed to factors such as heightened security concerns, stringent regulatory standards, a global increase in air travel, a focus on passenger experience, and the emergence of new threats.

The aminophenol market size is expected to see steady growth in the next few years. It will grow to $2.37 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The anticipated growth in the forecast period can be attributed to factors such as increased air travel volume, the integration of artificial intelligence (AI), the adoption of contactless screening solutions, the global security threat landscape, and the integration of automated screening processes. Major trends expected in the forecast period include a focus on contactless and biometric technologies, regulatory emphasis on advanced technologies, public-private partnerships, enhanced privacy and non-intrusive technologies, collaboration for security solutions, and technological advancements in detection.

The anticipated growth in the pharmaceutical sector is poised to drive the aminophenol market in the future. The pharmaceutical sector, focused on the discovery, development, production, distribution, and marketing of drugs for medical use, utilizes aminophenol as a precursor in synthesizing various drugs such as paracetamol, amodiaquine, and mesalazine. The European Federation of Pharmaceutical Industries and Associations reported in June 2023 that the production value of pharmaceuticals in Europe increased from $347.31 billion (€ 323.95 billion) in 2021 to $364.26 billion (€340,000 million) in 2022. Hence, the thriving pharmaceutical sector is a driving force behind the growth of the aminophenol market.

The expanding use of cosmetics is expected to fuel the growth of the aminophenol market. Aminophenol compounds, known for their chemical properties, such as color development and antioxidant features, are widely utilized in the cosmetics industry for formulating hair dyes and hair coloring products. The Soil Association reported in 2021 that sales of Soil Association-certified organic and natural beauty and wellbeing products in the UK increased by 15%, reaching approximately $170 million in 2021. The upward trend is expected to continue, contributing to the growth of the aminophenol market.

The growth of the aminophenol market may be constrained by the increasing price fluctuations. Unpredictable and frequent changes in prices create uncertainties, influencing purchasing decisions and potentially limiting market expansion. Northwestern University reported in May 2021 that the price of p-aminophenol had significantly surged, particularly the imported variety from China, which experienced a 100% increase from around $3.5/kg to around $7.5/kg compared to the previous year. Consequently, the escalating price fluctuations pose a restraint on the aminophenol market's growth.

Leading companies in the aminophenol market are intensifying their efforts towards production and product innovation, particularly focusing on para-aminophenol (PAP) to maintain their market standing. Para-aminophenol (PAP) is an organic compound characterized by the molecular formula C6H7NO. Notably, in June 2022, Sadhana Nitro Chem Limited, an India-based chemical company, successfully initiated the production of its first para-aminophenol (PAP) plant. This groundbreaking facility, the second of its kind globally, utilizes a hydrogen-based catalytic reduction of nitrobenzene to manufacture para-aminophenol. The company has introduced an aminophenol-based product into the Indian pharmaceutical market.

In December 2021, SK Capital Partners, a private investment firm based in the United States, acquired SEQENS for an undisclosed amount. This strategic acquisition is geared towards enhancing SEQENS by leveraging SK Capital's extensive expertise and industry connections, particularly in the pharmaceutical and specialty ingredients sectors. SEQENS, headquartered in France, is a pharmaceutical solutions company specializing in providing specialty ingredients, including p-aminophenol and 4-aminophenol.

Major companies operating in the aminophenol market report are BASF SE, Merck & Co., Mitsui Chemicals Inc., Jiangsu Glory Chemical Co. Ltd., Daicel Corporation, Aarti Industries Limited, Toronto Research Chemicals Inc., Par Industries LLC, Ascent Pharmaceuticals Inc., Chemstar Enterprises Company, Jinan Qinmu Fine Chemical Co. Ltd., Loba Chemie Pvt. Ltd., Mubychem Group, Bharat Chemicals, Wego Chemical Group, Amino-Chem Co. Ltd., Gunjal Industries, EMCO Dyetuff Private Limited, Haihang Industry Co. Ltd., Jay Organics Private Limited, Pravin Dyechem Pvt. Ltd., CDH Fine Chemicals Ltd., Glentham Life Sciences Limited, Taixing Yangzi Pharmaceutical Chemical Co. Ltd., Liaoning Shixing Pharmaceutical & Chemical Co. Ltd., Shouguang Fukang Pharmaceutical Co. Ltd., Jayvir Dye Chem, Cefa-Cilinas Biotics Private Limited, Anhui Bayi Chemical Industry Co. Ltd., CDH Fine Chemicals.

North America was the largest region in the aminophenol market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aminophenol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aminophenol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Aminophenol denotes a category of organic compounds derived from phenol by replacing one or more hydrogen atoms in the benzene ring with amino (NH2) groups. These compounds find primary utility in a broad spectrum of stains and dyes. Additionally, the para compound is employed as a fur and photographic developer.

The main types of aminophenol are m-aminophenol, p-aminophenol, and o-aminophenol. M-aminophenol, also recognized as 3-aminophenol, is an aromatic amine and a phenol with the chemical formula C6H4(NH2)(OH). This compound is available in various forms, including solid, liquid, and others, and is applied in diverse roles such as synthesis precursors, dye intermediates, fluorescents, among others. End-use industries, including pharmaceuticals, chemicals, cosmetics, and others, utilize these compounds.

The aminophenol market research report is one of a series of new reports that provides aminophenol market statistics, including aminophenol industry global market size, regional shares, competitors with aminophenol market share, detailed aminophenol market segments, market trends, and opportunities, and any further data you may need to thrive in the aminophenol industry. This aminophenol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The aminophenol market consists of sales of aminophenol including powder, pellets, dyes, pigments, antioxidants and crystal forms. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.