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PMR Report- Arylamines Market Would Register a Healthy Growth by 2026

Press Release   •   Feb 15, 2017 05:03 EST

The use of amines in pharmaceutical, chemical and polymer industries propel the market demand for amines globally. Higher geriatric population, rise in chronic diseases, increase in disposable incomes, etc. act as the driving factors for the expansion of pharmaceutical industry. Theoretically, when a ring is attached to the amine group, it is called as an arylamine or aromatic amine. Arylamines has high market demand since it can be used as drug building chemicals. Arylamines are used in pharmaceuticals such as aripiprazole, antipsychotic, local anaesthetic lidocaine, anticancer drug and solvents in drug production. Aniline is a type of arylamines used to manufacture several end products such as polyurethane foam, antioxidants for rubber industry, dyes and pigments, fungicides and herbicides and pharmaceutical products. The research studies on N-arylamines and arylhydrazines concluded that arylamines are important intermediates in drug discovery and synthesis. Also, these chemicals are important intermediates in the production of biologically active compounds.

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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.

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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.

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