Global Arylamines Market: Introduction
The demand for amines is driven by their application in the chemical, polymer, and pharmaceutical sectors. The expansion of the pharmaceutical sector is being driven by causes such as an increase in the elderly population, an increase in chronic diseases, an increase in disposable incomes, etc. Theoretically, an arylamine or aromatic amine is defined as having a ring connected to the amine group.
Arylamines are in high demand because they can be utilised as building blocks for pharmaceuticals. Pharmaceutical products such aripiprazole, antipsychotics, lidocaine, anticancer medications, and solvents are made with arylamines. A variety of end products, including polyurethane foam, antioxidants for the rubber sector, dyes and pigments, fungicides and herbicides, and pharmaceuticals, are made using aniline, a form of arylamine.
The studies on N-arylamines and arylhydrazines came to the conclusion that arylamines are crucial intermediates in the synthesis and development of drugs. These substances are also crucial steps in the creation of compounds with biological activity.
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Global Arylamines Market: Market Dynamics
The application of arylamines in drug development and research fields contribute much to the growth of global Arylamines market. The increasing number of patients suffering from serious diseases such as cancer demands the drug manufacturers to develop and introduce medicines that beat all such killer diseases. All these factors prove that the use of arylamines as an intermediate in drug development is expected to increase over the forecast period.
The higher population of middle class in developing countries coupled with rising consumer spending are expected to accelerate the dye and pigments production for textile, hair dye and plastic products. This is mainly attributed to the textile industry growth in India. India produces textile and garments in a higher rate and arylamines are used to produce azo compounds which are used as colorants, which in turn, is expected to increase the demand for arylamines.
In addition, aromatic amines are also used in the production of pesticides. Thus, increasing demand for pesticides for agricultural purposes coupled with rise in labour costs is expected to drive the pesticide market over the forecast period. This in turn is expected to increase the demand for arylamines as a raw material in pesticide manufacturing. Hence, major players in the global arylamines market have adopted the strategy for capacity expansion.
However, over exposure to arylamines results in increased risk of cancer, especially in females. Products such as hair dye, which includes nitrogen compounds that are manufactured from arylamines can also have carcinogenic effects. All these risks associated with arylamines can hamper the growth of the arylamines market over the forecast period.
Global Arylamines Market: Market Segmentation
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Global Arylamines Market: Regional Analysis
Investment into several industries such as cosmetic, polymer and pharmaceutical industries in Asia Pacific excluding Japan is expected to increase the consumption of arylamines over the forecast period. In addition, more dye stuff manufacturing companies are based in India. Thus, consumption of arylamines is expected to increase in Asia Pacific excluding Japan and is expected to witness a significant growth over the forecast period.
North America is projected to witness sluggish growth due to the harmful side effects of the arylamines. Although there is economic slowdown in Latin America due to recession and inflation, pharmaceutical industry is witnessing significant growth and is expected to witness the same over the forecast period. This is mainly attributed to the pharmaceutical and cosmetics manufacturing companies in Brazil, Mexico and Argentina.
Global Arylamines Market: Market Participants
Examples of some of the major players identified in the global Arylamines market are as follows:
- T. Vanderbilt Holding Company, Inc.
- MITSUBISHI GAS CHEMICAL CO., INC.
- Indo Amines Limited.
- BASF SE
- WeylChem International GmbH
- TRIVENI INTERCHEM PVT. LTD.
- Wanhua Industrial Group Co., Ltd.
- Kukdo Chemical Co. Ltd
- The Companhia União Fabril (CUF)
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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