The North America Aminophenol Market is expected to witness market growth of 3.3% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 47,386.87 Tonnes, showcasing a growth of 20.2% (2020-2023).
The pharmaceutical industry is one of the largest consumers of this, particularly P-aminophenol, which is a crucial intermediate in the production of paracetamol (acetaminophen). As global demand for pain relievers and over-the-counter medications continues to rise, the pharmaceutical sector's reliance on this grows. Thus, the pharmaceutical in the US Market captured the 38,311.89 Tonnes in 2023.
The US market dominated the North America Aminophenol Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD398.5 Million by 2031. The Canada market is experiencing a CAGR of 4.5% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 4.4% during 2024-2031.
This, an order of organic compounds characterized by their multifunctional characteristics and extensive utility, are of paramount importance across diverse sectors. These compounds, characterized by an amino group (-NH2) and a hydroxyl group (-OH) on a phenol ring, have been extensively used in pharmaceuticals, agrochemicals, cosmetics, polymers, and other industries. Demand for pharmaceuticals, the expansion of the cosmetics industry, the increasing use of this in agrochemicals, and technological advancements that generate new applications are all contributing factors to this market's substantial expansion.
These are used in the pharmaceutical industry to synthesize various drugs and pharmaceutical intermediates. One of the most well-known drugs synthesized from these is paracetamol, a widely used analgesic and antipyretic. Another key application of these is producing agrochemicals such as herbicides, insecticides, and fungicides.
In Mexico, the increasing demand for this is driven by its use in producing agricultural chemicals, such as herbicides and pesticides. Mexico has a large agricultural sector is adopting modern farming practices to increase productivity and ensure food security. According to the Government of Mexico, in the fourth quarter of 2023, Agriculture, Animal Production, Forestry, Fishing, and Hunting recorded a gross domestic product of USD1.01T MX, evidencing an increase of 31% compared to the previous quarter and an increase of 0.27% compared to the same period of the previous year.
By means of agrochemicals that protect crops from pests and diseases, this contributes to an increase in agricultural output. The growing adoption of agrochemicals in Mexico's agriculture sector is fueling the demand for this, with the market expected to grow steadily in the coming years. Thus, these factors will continue driving the demand for this in the region in the coming years.
The pharmaceutical industry is one of the largest consumers of this, particularly P-aminophenol, which is a crucial intermediate in the production of paracetamol (acetaminophen). As global demand for pain relievers and over-the-counter medications continues to rise, the pharmaceutical sector's reliance on this grows. Thus, the pharmaceutical in the US Market captured the 38,311.89 Tonnes in 2023.
The US market dominated the North America Aminophenol Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD398.5 Million by 2031. The Canada market is experiencing a CAGR of 4.5% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 4.4% during 2024-2031.
This, an order of organic compounds characterized by their multifunctional characteristics and extensive utility, are of paramount importance across diverse sectors. These compounds, characterized by an amino group (-NH2) and a hydroxyl group (-OH) on a phenol ring, have been extensively used in pharmaceuticals, agrochemicals, cosmetics, polymers, and other industries. Demand for pharmaceuticals, the expansion of the cosmetics industry, the increasing use of this in agrochemicals, and technological advancements that generate new applications are all contributing factors to this market's substantial expansion.
These are used in the pharmaceutical industry to synthesize various drugs and pharmaceutical intermediates. One of the most well-known drugs synthesized from these is paracetamol, a widely used analgesic and antipyretic. Another key application of these is producing agrochemicals such as herbicides, insecticides, and fungicides.
In Mexico, the increasing demand for this is driven by its use in producing agricultural chemicals, such as herbicides and pesticides. Mexico has a large agricultural sector is adopting modern farming practices to increase productivity and ensure food security. According to the Government of Mexico, in the fourth quarter of 2023, Agriculture, Animal Production, Forestry, Fishing, and Hunting recorded a gross domestic product of USD1.01T MX, evidencing an increase of 31% compared to the previous quarter and an increase of 0.27% compared to the same period of the previous year.
By means of agrochemicals that protect crops from pests and diseases, this contributes to an increase in agricultural output. The growing adoption of agrochemicals in Mexico's agriculture sector is fueling the demand for this, with the market expected to grow steadily in the coming years. Thus, these factors will continue driving the demand for this in the region in the coming years.
List of Key Companies Profiled
- Parchem Fine And Specialty Chemicals, Inc.
- Thermo Fisher Scientific
- Spectrum Chemical Mfg. Corp.
- Tokyo Chemical Industry Co., Ltd.
- Fujifilm Holdings Corporation
- Loba Chemie Pvt ltd
- Glentham Life Sciences Ltd
- Taixing Yangzi Pharm Chemical Co.,Ltd.
- Emco Dyestuff Pvt Ltd
- Anhui Bayi Chemical Industry Co., Ltd.
Market Report Segmentation
By End-use Industries (Volume, Tonnes, USD Billion, 2020-2031)
- Pharmaceutical
- Chemical
- Cosmetic
- Other End-use Industries
By Application (Volume, Tonnes, USD Billion, 2020-2031)
- Synthesis Precursors
- Dye Intermediate
- Fluorescent Stabilizers
- Other Applications
By Type (Volume, Tonnes, USD Billion, 2020-2031)
- P-aminophenol
- M-aminophenol
- O-aminophenol
By Country (Volume, Tonnes, USD Billion, 2020-2031)
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Aminophenol Market by End-use Industries
Chapter 5. North America Aminophenol Market by Application
Chapter 6. North America Aminophenol Market by Type
Chapter 7. North America Aminophenol Market by Country
Chapter 8. Company Profiles
Companies Mentioned
Some of the key companies in the North America Aminophenol Market include:- Parchem Fine And Specialty Chemicals, Inc.
- Thermo Fisher Scientific
- Spectrum Chemical Mfg. Corp.
- Tokyo Chemical Industry Co., Ltd.
- Fujifilm Holdings Corporation
- Loba Chemie Pvt ltd
- Glentham Life Sciences Ltd
- Taixing Yangzi Pharm Chemical Co.,Ltd.
- Emco Dyestuff Pvt Ltd
- Anhui Bayi Chemical Industry Co., Ltd.
Methodology
LOADING...
