Market Size of P-Phenylenediamine Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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P-Phenylenediamine Market Analysis
The p-phenylenediamine market is projected to register a CAGR of over 3% during the forecast period (2021-2026).
The market was negatively impacted by COVID-19 in 2020. Owing to the pandemic scenario, several countries went into lockdown to curb the spreading of the virus. This completely disrupted the supply and chain, thus negatively affected the market's growth. Also, the production of dyes and pigments, rubber, etc., has been declined in 2020 due to the shutdown of manufacturing plants. However, the condition is expected to recover in 2021, which will restore the growth trajectory of the market studied during the forecast period.
- Over the short term, the increasing demand for synthetic rubber additives and growing demand for p-phenylenediamine in dyes and pigments are driving the market's growth.
- On the flip side, high exposure to p-phenylenediamine can cause health issues, like skin allergies and eye irritation and the negative impact of the COVID-19 pandemic are the major restraints, which are projected to hinder the market's growth.
- The Asia-Pacific region dominated the market across the world, with the largest consumption from countries such as China and India.
