Paracetamol, also called as para-acetylaminophenol or acetaminophen, is extensively utilized as an antipyretic and analgesic in numerous pharmaceutical preparations. The rising count of patients suffering from pain globally and the benefits of paracetamol over other analgesics are amongst the prime factors fuelling the market for paracetamol. On the basis of volume, the paracetamol market was tallied at 133,310.8 tonnes in 2013 and is predicted to rise at a 1.30% CAGR from 2014 to 2022. The rising occurrence of diseases such as cold, swine flu, and arthritis, the growing requirement for fast pain relief, and the increasing demand for generic drugs are amongst the major factors driving the paracetamol market. On the other hand, factors such as the increasing adverse effects and numerous contraindications related to the use of paracetamol may impede the growth of the market in forthcoming years.
Browse the full Global PAP and Paracetamol Market report at http://www.mrrse.com/pap-paracetamol-market
Large-scale Chemical Production in India and China to Boost PAP Market
Para-aminophenol (PAP) is a substantial intermediate utilized for the manufacture of numerous products including dyes, pharmaceuticals, anti-agers, rubber, fine chemicals, and photo developers. PAP is also utilized in textiles, hair dyes, oil additives, fur, and for manufacturing sulfur and azo dyes. The most important use of PAP is its use as a starting material for paracetamol synthesis. Over 80% of the globally produced PAP is utilized in making paracetamol, which is a widely used analgesic globally. The high demand from the large chemical producing countries of India and China in the region of Asia Pacific fuels the market for PAP. In addition, the advancement in unique production techniques and robust downstream industries are also amongst the chief factors augmenting the growth of the PAP market. On the other hand, the increasing preference for green chemistry is a major factor that may restrain the growth of the market in forthcoming years.
North America Emerged as the Largest Market for PAP and Paracetamol in 2013
On the basis of geography, the market for PAP and paracetamol is segmented into Europe, North America, Latin America, the Middle East, Asia Pacific, and Rest of the World (RoW). Amongst these, in 2013, North America dominated the market on the basis of volume. The North America PAP and paracetamol market stood at US$394 mn and US$188.9 mn, respectively, in 2013. The over-the-counter (OTC) label is the prime reason for the superiority of the North America region. On the other hand, in Asia Pacific, the demand for paracetamol is expected to rise at a swift CAGR of 3.50% between 2014 and 2022. This is owing to the growing count of paracetamol and PAP manufacturers and the increasing demand for analgesics comprising paracetamol from Asia Pacific countries. The production of PAP is predicted to rise at a 3.30% CAGR from 2014 to 2022 within Asia Pacific.
The key manufacturers dominant in the market are BOC Sciences, Angene International Limited, Granules India, Jinan Haohua Industry Co., Ltd., Haihang Industry Co., Ltd., Kemcolour International, ORGANICA Feinchemie GmbH Wolfen, Mallinckrodt plc, Wuxi Feipeng Imp. & Exp. (Group) Co., Limited, Zhejiang Hisun Chemical Co., Limited, and Parchem Fine & Specialty Chemicals, among others.