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Global Arylamines Market to Grow at a Healthy Pace During 2021-2026, Aided by the Rising Demand from the Pharmaceutical Sector

According to a new report by EMR titled, ‘Global Arylamines Market Report and Forecast 2021-2026’, the global market for arylamines is being driven by the growth of the overall amines market. The global amines market is projected to grow at a CAGR of 4% in the forecast period of 2021-2026 to attain a value of USD 20 billion by 2026.

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.

Market Analysis by Application and Region:

  • The product finds wide applications in agrochemical, chemical, plastic and rubber, dyeing, pharmaceutical, and cosmetic and personal care, among others.
  • The regional markets for arylamines include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing demand from the healthcare sector to develop advanced medicines to manage chronic diseases, such as cancer, is driving the market growth.
  • The rising applications of arylamines in the drug development and research fields are aiding the growth of the market.
  • Arylamines’ wide applications in the textile industry are further supporting the market growth.
  • The increasing demand for agricultural pesticides is expected to propel the market forward in the forecast period. 
  • The market is also expected to be supported by the rising demand for arylamines in the manufacturing of hair dyes.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for arylamines for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the applications and major regions of arylamines.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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