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Global Arylamines Market to be Driven by the Growing Pharmaceutical Industry in the Forecast Period of 2020-2025

The new report by Expert Market Research titled, ‘Global Arylamines Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global arylamines market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2015-2025)

• Forecast CAGR (2020-2025): 4% (Global Amines Market)
• Forecast Market Size (2025): USD 20 billion (Global Amines Market)

The rising adoption of arylamines for various drug developments and relevant research fields are driving the market growth. The growing demand for advanced medicines in the healthcare sector for the treatment of chronic diseases, such as cancer, are adding to the market growth. Arylamines are employed in the textile industry as solvent dyes. It is also used in the agricultural sector for pesticide manufacturing. The growing utilisation of arylamines in hair dyes is anticipated to fuel the product’s demand. This wide range of applications of arylamines across various industries is expected to complement its market growth over the coming years.

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Industry Definition and Major Segments

Arylamines refers to the group of amines in which one or more atoms of hydrogen in ammonia have been substituted by an aromatic group(s). They are widely used in epoxy polymers, rubber, chemicals, pharmacology, pesticides, fungicides, and explosives, among other chemical uses.

Based on application, the market can be segmented into:

• Agrochemical
• Chemical
• Plastic and Rubber
• Dyeing
• Pharmaceutical
• Cosmetic and Personal Care
• Others

The major regions in the market are:

• North America
• Latin America
• Middle East and Africa
• Europe
• Asia Pacifc

Market Trends

The rising demand from several end-use sectors is driving the global arylamines market. Arylamines finds its applications in the pharmaceutical industry for the synthesis of medications such as anticancer drug, aripiprazole, antipsychotic, local anaesthetic lidocaine, and solvents. Research and development activities on N-arylamines and arylhydrazines have observed that arylamines are a crucial intermediate in the discovery and synthesis of several drugs. Moreover, aniline, one of the most common arylamines is used in the production of the wide range of end products including dyes, pigments, herbicides, polyurethane foam, rubber industry antioxidants, and fungicides. This is expected to create growth opportunities for the arylamines market across the globe.

Key Market Players

The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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