Press Release
Press Release
The global market for arylamines is widely being driven by its rising demand from the end-use industries. Arylamines are widely used in the manufacturing of medications in the pharmaceutical industry, including aripiprazole, antipsychotic, local anaesthetic lidocaine, anticancer drug, and solvents. Aniline is a form of arylamines, which is used to produce a variety of end products, including polyurethane foam, rubber industry antioxidants, dyes, pigments, herbicides, and fungicides. Studies on N-arylamines and arylhydrazines have suggested that arylamines are important intermediates in the discovery and synthesis of drugs, which is further expected to support the growth of the arylamines industry.
The Asia Pacific presents a lucrative market for arylamines due to the growing dye stuffs and textile industry in India. The industry in India is also being driven by the expansion of the distribution channels of the product’s downstream products, especially aided the rapid penetration of online retail channels such as Amazon (NASDAQ: AMZN), Flipkart, and others. Latin American countries such as Brazil, Argentina, and Mexico also present robust growth potential for the product, especially in the countries’ growing pharmaceutical industry. The market for arylamines, however, may be hindered by the unfavourable regulations in the developed nations of North America and Europe due to the product’s carcinogenic properties.
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The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players in the global arylamines market.
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