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The Paraphenylenediamine Market size is estimated to reach US$1.1 billion by 2027, after growing at a CAGR of 3.4% during the forecast period 2022-2027. The use of the
Paraphenylenediamine Market in personal care & cosmetics has increased
significantly. Paraphenylenediamine is an aniline-derived white solid organic
compound that is primarily used as a component of engineering polymers and
composites. The inclusion of paraphenylenediamine in a variety of cosmetic
products is expected to drive the global market for paraphenylenediamine. According
to the International Trade Administration, Thailand's beauty and personal care
goods market was valued at around US$6.2 billion in 2018 and is projected to
grow to US$8.0 billion by 2022.
Paraphenylenediamine Market:
Leading Segment is Personal Care & Cosmetics
On the basis of the end-use
industry, the Paraphenylenediamine market can be
segmented into personal care & cosmetics, textile industry, oil
& gas, rubber & plastic industry, chemical & pharmaceutical
and others. The Paraphenylenediamine market’s leading segment has been
evaluated to be personal care & cosmetics. During the forecast period 2022-2027, the personal
care & cosmetics segment is expected to grow with a CAGR of 3.7%.
Paraphenylenediamine is a colorant found in hair dyes, oxidative dyes and
hair care products. The desire to look beautiful and youthful is driving
product sales, allowing for deeper penetration and expansion into newer
markets. According to the International Trade Administration, Mexico's total
cosmetic sector output increased from $7.10 billion in 2018 to $7.15 billion in
2019. According to Cosmetic Europe, the personal care and cosmetics industry
has witnessed a growth of 1.3% in 2018 as compared to 2017.
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Paraphenylenediamine Market:
Leading Region is the Asia-Pacific
On the basis of geography, the Paraphenylenediamine market can be segmented into North America, South America, Europe, APAC and ROW. According to IndustryARC’s analysis, Asia-Pacific has emerged as the most prosperous region in the market. In 2022, the Asia-Pacific region held a 43.7% share of the total revenue earned by the market globally. Asia-Pacific countries including the India and China are ahead comparatively in terms of consuming cosmetics products. Personal care and cosmetics are rapidly expanding in Asia-Pacific as a result of rapid technological development, product innovation and expanding consumer preference. According to the India Brand Equity Foundation (IBEF), the beauty, cosmetics and grooming market in India will have grown to US$20 billion by 2025, from US$6.5 billion in 2015. The Paraphenylenediamine market will also gain demand from the North American region. The U.S. and Canada are emerging as competitive countries in the Paraphenylenediamine market.
Paraphenylenediamine Market: Competitive
Landscape
Key companies holding major
shares in the Paraphenylenediamine market are Aarti Industries Ltd., Anhui
Xianglong Chemical Co. Ltd., BOC Sciences, Chizhou Fangda Technology Co. Ltd.,
DuPont, Jay Organics Pvt. Ltd., Jayvir Dye Chem, Jiangsu Xinyu Bio-Tech Co. Ltd,
Quzhou Rui Chemical Co. Ltd, Suzhou Rosen Additives Co. Ltd.