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Global 4-Aminobenzoic Acid (4-ABA) Market Growth 2024-2030
Product Code:1241790
Published Date: Dec 04,2024
Pages: 105
Region: Global
Category: Chemical & Material
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The global 4-Aminobenzoic Acid (4-ABA) market size is predicted to grow from US$ 49.6 million in 2024 to US$ 66.3 million in 2030; it is expected to grow at a CAGR of 5.0% from 2024 to 2030.
4-Aminobenzoic acid, also known as p-aminobenzoic acid (PABA), is an organic compound with the chemical formula C7H7NO2. It is a white crystalline powder and is mainly used as a pharmaceutical and dye intermediate. It can also be used as an analytical reagent, sunscreen and other fine chemicals.
CAS: 150-13-0
The market concentration of 4-Aminobenzoic Acid is relatively high, and the main production areas are in China and Japan. The top 3 companies account for above 80% of the market share.
The 4-ABA market has also changed significantly. In recent years, companies have continued to withdraw from the market. For example: several companies in China, such as Changzhou Welton (Anhui Peicheng) exit the market in 2023, and Anyang Huaying exit the market in 2018, both due to increasingly stringent environmental protection policies.
4-Aminobenzoic Acid Market Trends
Increasing Demand in Pharmaceuticals: 4-aminobenzoic acid serves as a critical intermediate in the synthesis of various pharmaceuticals, including antibiotics, analgesics, and antipyretics. The rising global burden of diseases and the growing geriatric population are fueling the demand for these medications, thereby boosting the market.
Environmental Concerns: With the increasing focus on environmental sustainability, manufacturers are under pressure to reduce the environmental impact of their processes. This has led to the development of greener synthesis methods and recycling processes for 4-aminobenzoic acid.
Technological Advancements: Advances in chemical synthesis techniques and biotechnology are enabling more efficient and cost-effective production of 4-aminobenzoic acid. These innovations are contributing to the market growth by enhancing yield and reducing production costs.
Stringent Regulations: The market is also influenced by stringent regulations regarding the use of chemicals in various industries. Compliance with these regulations is crucial for market players to sustain their operations and maintain market share.
LP Information, Inc. (LPI) ' newest research report, the “4-Aminobenzoic Acid (4-ABA) Industry Forecast” looks at past sales and reviews total world 4-Aminobenzoic Acid (4-ABA) sales in 2023, providing a comprehensive analysis by region and market sector of projected 4-Aminobenzoic Acid (4-ABA) sales for 2024 through 2030. With 4-Aminobenzoic Acid (4-ABA) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world 4-Aminobenzoic Acid (4-ABA) industry.
This Insight Report provides a comprehensive analysis of the global 4-Aminobenzoic Acid (4-ABA) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on 4-Aminobenzoic Acid (4-ABA) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global 4-Aminobenzoic Acid (4-ABA) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 4-Aminobenzoic Acid (4-ABA) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global 4-Aminobenzoic Acid (4-ABA).
This report presents a comprehensive overview, market shares, and growth opportunities of 4-Aminobenzoic Acid (4-ABA) market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
＞99%
98-99%
Segmentation by Application:
Pharmaceutical Intermediates
Dye Intermediates
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Mitsuboshi Chemical
Changzhou Sunlight
Zhejiang Youchuang
Taizhou Hongxing
Yangzhou Qicai
Changzhou Welton (Anhui Peicheng)
Key Questions Addressed in this Report
What is the 10-year outlook for the global 4-Aminobenzoic Acid (4-ABA) market?
What factors are driving 4-Aminobenzoic Acid (4-ABA) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do 4-Aminobenzoic Acid (4-ABA) market opportunities vary by end market size?
How does 4-Aminobenzoic Acid (4-ABA) break out by Type, by Application?