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Ethyl 4-Aminobenzoate Market - Forecast(2024 - 2030)
Ethyl 4-Aminobenzoate market Overview
The Ethyl 4-Aminobenzoate market size is estimated to reach US$20 million, growing at a CAGR of around 4% from 2024 to 2030. The ethyl 4-aminobenzoate, also referred as benzocaine, is an anesthetic that is used in the cough drops and pain relievers. It is soluble in ethanol, ethyl ether, dilute acids and others. The ethyl 4-aminobenzoate has high demand as in pharmaceuticals owing to its medicinal properties and in treatment of various diseases. The high demand of benzocaine or the ethyl 4-aminobenzoate as a pain relief drug component is creating a drive in the Ethyl 4-Aminobenzoate Market. Furthermore, the increasing application of benzocaine in topical anesthetics, dental pain relief and others in pharmaceuticals and cosmetics will offer major growth in the market during the forecast period.
Ethyl 4-Aminobenzoate, is widely used as a local anesthetic in various pharmaceutical products. The trend of increasing demand for pharmaceuticals, coupled with the rising prevalence of minor medical procedures and surgeries, is driving the growth of the Ethyl 4-Aminobenzoate market. Moreover, its applications in over-the-counter products like creams, ointments, and gels for pain relief further contribute to its market expansion.
Despite its widespread use, concerns about the safety profile of Ethyl 4-Aminobenzoate have led to a trend towards seeking safer alternatives, particularly in cosmetic and personal care products. Consumers are becoming more conscious about the ingredients in the products they use, leading manufacturers to explore and invest in the development of substitutes with better safety profiles while maintaining efficacy. This shift is influencing the market dynamics and shaping product development strategies in the Ethyl 4-Aminobenzoate sector.
COVID-19 impact
The lobalg ethyl 4-aminobenzoate industry was majorly impacted by the slowdown due to covid-19 outbreak. The pandemic created major disturbance in production activities, logistics disruptions, and huge gap between the demand and supply chain. The ethyl 4-aminobenzoate has major applications in the pharmaceutical sector. The pharmaceutical or the healthcare industry was majorly affected by the covid-19 disruptions. The raw material supply, manufacturing, and delivery activities were hindered due to restrictions on movement, labor shortages, and others. The demand for drugs, medical supplies, and others was high; however, the supply chain was not fulfilled owing to disruptions in manufacturing activities in the outbreak. According to United States Census Bureau, the revenue of offices of physician and Medical and Diagnostic Laboratories saw a fall of 14.9% and 10.9% respectively in the second quarter of 2020. The decline in growth for the pharmaceutical or healthcare led to major fall in the application of ethyl 4-aminobenzoate in the pharmaceutical sector. Thus, the ethyl 4-aminobenzoate saw a major slowdown in the initial pandemic phase. However, with the recovering healthcare and production activities, the demand for ethyl 4-aminobenzoate will grow post-pandemic.
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The report: βEthyl 4-Aminobenzoate Market Reportβ Forecast (2024 - 2030)β by IndustryARC covers an in-depth analysis of the following segments of the Ethyl 4-Aminobenzoate industry.
By Purity: Below 98%, 98% and Above 98%
By Application: Topical Pain Reliever, Earwax Removal, Anesthetic Ointments, Sunscreens, Cough Drops, and Others
By End Use Industry: Pharmaceuticals, Cosmetics, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa))
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β’ The Ethyl 4-Aminobenzoate Market size will increase owing to its growing application in pharmaceuticals, anesthetic drugs, and high demand in dental treatment during the forecast period.
β’ The North America region is the fastest growing region in the global ethyl 4-aminobenzoate industry due to rising medical, clinical, and drug production base, along with high demand in treatment of dental pain, skin issues anesthetics, and others.
β’ The demand for the topical anesthetic products is high in the Ethyl 4-Aminobenzoate Market owing to major use in pain relief from toothache, ulcers, skin irritations, and others.
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Ethyl 4-Aminobenzoate Market Analysis β By Application
By application, the anesthetic ointment segment accounted for the largest share in the Ethyl 4-Aminobenzoate Market and is expected to grow by around 1.9% during the forecast period 2024 - 2030. The growth of ethyl 4-aminobenzoate or benzocaine for application in anesthetics ointments is rising due to its major use for pain relief and treatment of toothache, sore throats, anal fissure, oral ulcers, and others. According to the India Brand Equity Foundation (IBEF), the Indian Economic Survey 2021 states that the domestic pharmaceutical sector in India is estimated to reach USD 65 billion by 2024 and expanding to reach USD 120-130 billion by 2030. Moreover, the increasing cases of oral ulcers, skin infections and disorders, toothaches, wounds, and others are driving the growth of ethyl 4-aminobenzoate as it is used as a major component in anesthetics in the pharmaceutical sector. Thus, with high demand of ethyl 4-aminobenzoate in drug and medications in pharmaceuticals, the Ethyl 4-Aminobenzoate Market will grow during the forecast period.
Ethyl 4-Aminobenzoate Market Analysis β By End-Use Industry
By end-use industry, the pharmaceuticals segment held the largest Ethyl 4-Aminobenzoate Market share and is expected to grow at a CAGR of over 2.1% during the forecast period 2024 - 2030. The ethyl 4-aminobenzoate ha major application in the anesthetics, topical pain reliever, treatment of ulcers, skin disorder, dental irritation, and others. The high demand of ethyl 4-aminobenzoate as a local anesthesia drug in the pharmaceutical sector for surgeries, wounds, and others is propelling the growth in the market. It offers pain relieving and numbing features, thereby boosting its application in the anesthetic drugs, optic pain medications, and orthodontic pain medication. The growth in the pharmaceutical drugs and medication and surgical technologies is offering growth for ethyl 4-aminobenzoate in the market. Thus, with high demand of ethyl 4-aminobenzoate for anesthetic and pain relief medications in pharmaceuticals, the global industry will grow during the forecast period.
Ethyl 4-Aminobenzoate Market Analysis β By Geography
By geography, the North America segment is the fastest-growing region in the Ethyl 4-Aminobenzoate Market and is projected to grow by over 2.6% during the forecast period 2024 - 2030. The growth of ethyl 4-aminobenzoate in this region is influenced by the rising demand of anesthetic for pain relief and surgical procedures. The growth in healthcare sector, advancement in the anesthesia technology, and rising cases of ulcers, dental issues, and geriatric population with chronic complications are factors influencing the demand for ethyl 4-aminobenzoate in this region. Furthermore, the usage of ethyl 4-aminobanzoate for treatment mucosal surfaces, hemorrhoids, narcotic pain, vaginal infection, and others is boosting the growth is propelling the demand in the market. The development in pharmaceutical medications, medical infrastructure, and rising chronic dental and surgical cases is influencing the growth in this region. Thus, with flourishing pharmaceutical and cosmetics sector in North America, the global ethyl 4-aminobenzoate industry will grow during the forecast period.
Ethyl 4-Aminobenzoate Market Drivers
Rising demand of the anesthetic drugs:
The ethyl 4-aminobenzoate, also known as benzocaine and prepared from ethanol and PABA is a major local anesthesia. The growth of ethyl 4-aminobenzoate is influenced by its rising demand in surgeries and pain relief. It has growing application in pharyngeal and oral mucous membranes such as sore throat, oral ulcers, denture irritation, toothache, and others. Moreover, the growth in surgical procedures and demand of the anesthesia drug or medication is driving the Ethyl 4-Aminobenzoate Market owing to its pain relieving and numbing effects as a local anesthetic. Thus, the growing demand of anesthetic drugs and topical pain-relieving medications is offering major growth opportunities in the market.
Increasing application in pharmaceutical sector:
The ethyl 4-aminobenzoate has rising demand in the pharmaceutical sector owing to its growing usage in anesthetic drugs, topical pain relief medications, and others. The ethyl 4-aminobezoate or the benzocaine helps in blocking the nerve signals in the body which are responsible for sensing the pain. The topical ethyl 4-aminobenzoate reduces pain and discomfort caused due to sunburn, sore throat, rectal irritation, hemorrhoids, and others. The application of ethyl 4-aminobenzoate in pharmaceutical as a topical ointment, optic pain medication, drug for numbing and pain relief is driving the global ethyl 4-aminobenzoate industry. According to the Department of Pharmaceuticals under the Ministry of Chemicals & Fertilizers and Government of India, India is the 3rd largest market for the API globally with 8% share in the global active pharmaceutical ingredient (API) industry. Thus, the growth and development in pharmaceutical is leading to major demand and growth opportunities in the market.
Ethyl 4-Aminobenzoate Market Challenges
Severe Health impact and restrictions on use of benzocaine
The ethyl 4-aminobenzote is an air sensitive and light sensitive and gets unstable in contact of strong oxidants, heat, and dust. The toxicity and severe health effects are creating a major challenge on the Ethyl 4-Aminobenzoate Market. The ethyl 4-aminobenzoate creates eye irritation, skin irritation, vomiting, respiratory tract complications, when spilled and not handled carefully. Furthermore, the FDA restricts the use of benzocaine for the treatment of children younger than two years. The restrictions and regulations against the use of benzocaine or ethyl 4-aminobenzoate creates a major growth hindrance on the market, thereby leading to slowdown in the industry.
Ethyl 4-Aminobenzoate Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Ethyl 4-Aminobenzoate market. The key companies in the Ethyl 4-Aminobenzoate market are:
1. TCI Chemicals Pvt. Ltd
2. Jinzhou Jiutai Pharmaceutical Co. Ltd
3. Sunlight Pharmaceutical Raw Material Co. Ltd
4. Mahendra Chemicals
5. Thermo Fisher Scientific (Alfa Aesar)
6. Penta International Corporation
7. Pfizer Inc.
8. Valiant (MP Biomedicals)
9. Merck Group (Sigma-Aldrich)
10. Eashu Pharmaceutical
Recent Developments
β’ In October 2023, Pfizer launched Fast-Eze Gel, a new topical gel featuring nano boost technology. Pfizer claimed that it delivers faster pain relief with minimal skin absorption compared to standard gels.
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1. Ethyl 4-Aminobenzoate Market- Market Overview
1.1 Definitions and Scope
2. Ethyl 4-Aminobenzoate Market - Executive Summary
2.1 Key Trends by Purity
2.2 Key Trends by Application
2.3 Key Trends by End Use Industry
2.4 Key Trends by Geography
3. Ethyl 4-Aminobenzoate Market β Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Ethyl 4-Aminobenzoate Market - Startup companies Scenario Premium Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Ethyl 4-Aminobenzoate Market β Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis β Major companies
6. Ethyl 4-Aminobenzoate Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Ethyl 4-Aminobenzoate Market β Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis β Major Companies
8. Ethyl 4-Aminobenzoate Market β By Purity (Market Size -$Million/Billion)
8.1 Below 98%
8.2 98%
8.3 Above 98%
9. Ethyl 4-Aminobenzoate Market β By Application (Market Size -$Million/Billion
9.1 Topical Pain Reliever
9.2 Earwax Removal
9.3 Anesthetic Ointments
9.4 Sunscreens
9.5 Cough Drops
9.6 Others
10. Ethyl 4-Aminobenzoate Market β By End Use Industry (Market Size -$Million/Billion)
10.1 Pharmaceuticals
10.1.1 Dental
10.1.2 Skin Infection
10.1.3 Others
10.2 Cosmetics
10.3 Others
11. Ethyl 4-Aminobenzoate Market - By Geography (Market Size -$Million/Billion)
11.1 North America
11.1.1 USA
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 UK
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Netherlands
11.2.6 Spain
11.2.7 Russia
11.2.8 Belgium
11.2.9 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 South Korea
11.3.5 Australia and New Zeeland
11.3.6 Indonesia
11.3.7 Taiwan
11.3.8 Malaysia
11.3.9 Rest of APAC
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Colombia
11.4.4 Chile
11.4.5 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 UAE
11.5.1.3 Israel
11.5.1.4 Rest of the Middle East
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 Rest of Africa
12. Ethyl 4-Aminobenzoate Market β Entropy
12.1 New Product Launches
12.2 M&As, Collaborations, JVs and Partnerships
13. Ethyl 4-Aminobenzoate Market β Industry/Competition Segment Analysis Premium
13.1Company Benchmarking Matrix β Major Companies
13.2 Market Share at Global Level - Major companies
13.3 Market Share by Key Region - Major companies
13.4 Market Share by Key Country - Major companies
13.5 Market Share by Key Application - Major companies
13.6 Market Share by Key Product Type/Product category - Major companies
14. Ethyl 4-Aminobenzoate Market β Key Company List by Country Premium Premium
15. Ethyl 4-Aminobenzoate Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"
LIST OF TABLES
1.Global Ethyl 4-Aminobenzoate Market, by Type Market 2023-2030 ($M)2.Global Ethyl 4-Aminobenzoate Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
3.Global Ethyl 4-Aminobenzoate Market, by Type Market 2023-2030 (Volume/Units)
4.Global Ethyl 4-Aminobenzoate Market Analysis and Forecast by Type and Application Market 2023-2030 (Volume/Units)
5.North America Ethyl 4-Aminobenzoate Market, by Type Market 2023-2030 ($M)
6.North America Ethyl 4-Aminobenzoate Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
7.South America Ethyl 4-Aminobenzoate Market, by Type Market 2023-2030 ($M)
8.South America Ethyl 4-Aminobenzoate Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
9.Europe Ethyl 4-Aminobenzoate Market, by Type Market 2023-2030 ($M)
10.Europe Ethyl 4-Aminobenzoate Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
11.APAC Ethyl 4-Aminobenzoate Market, by Type Market 2023-2030 ($M)
12.APAC Ethyl 4-Aminobenzoate Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
13.MENA Ethyl 4-Aminobenzoate Market, by Type Market 2023-2030 ($M)
14.MENA Ethyl 4-Aminobenzoate Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
LIST OF FIGURES
1.US Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
2.Canada Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
3.Mexico Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
4.Brazil Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
5.Argentina Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
6.Peru Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
7.Colombia Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
8.Chile Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
10.UK Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
11.Germany Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
12.France Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
13.Italy Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
14.Spain Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
16.China Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
17.India Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
18.Japan Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
19.South Korea Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
20.South Africa Global Ethyl 4-Aminobenzoate Market Revenue, 2023-2030 ($M)
21.North America Global Ethyl 4-Aminobenzoate Industry By Application
22.South America Global Ethyl 4-Aminobenzoate Industry By Application
23.Europe Global Ethyl 4-Aminobenzoate Industry By Application
24.APAC Global Ethyl 4-Aminobenzoate Industry By Application
25.MENA Global Ethyl 4-Aminobenzoate Industry By Application