Chemicals have tremendous importance and contribution in the progress made by the mankind. There are several reasons why the chemical market is growing like increasing global population, technological advancements, developing economies, environmental concerns along with skyrocketing demand from consumers. As the world’s population continues to grow, so does the demand for chemicals. Chemicals are used in many industries, including agriculture, healthcare, and construction, to name a few. Along with this, advancement in technology have led to the development of new chemicals and chemical-based products, which has increased the demand for chemicals. On the other hand, developing economies, particularly in Asia, are experiencing rapid industrialization and urbanization that has been driving the demand for chemicals. This is the reason why m-phenylenediamine market is in great demand.
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Meanwhile excess use of this chemical compound can be dangerous to health due to its toxicity and potential to cause allergic reactions. Some of the risks associated with excessive use of MPD are allergic reactions, skin irritation, respiratory problems and also sometimes dreadful cancer. M-phenylenediamine can cause severe allergic reactions, which can be life-threatening in some cases. Meanwhile prolonged use of MPD can cause skin irritation, which can lead to redness, itching, and blistering. On the other hand, there is evidence that MPD can cause cancer in animals, though no definitive proof that MPD causes cancer in humans. But all these health concerns are playing a restraining factor for the growth of the global m- phenylenediamine market. Apart from few concerns, the global m-phenylenediamine market has a bright future as this chemical compound is being used in newer ways. It has been studied that this chemical compound is likely to have potential antioxidant properties. In one of the studies, MPD was found to have a significant free radical scavenging effect, indicating its potential as an antioxidant. Along with this, m-phenylenediamine can be used in the production of polymers like polyurethanes, polyamides, and epoxy resins. These polymers have a variety of industrial applications, including coatings, adhesives, and plastics. On the basis of revenue, the global m-phenlyenediamine market was worth US$ 599.13 Mn in 2022, growing at a CAGR of 6.98% over the forecast period (2023 – 2031).
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In the countries like India and China, m-phenylenediamine is produced and used in large quantities. In India, this chemical compound is primarily used in the production of hair dyes, with most of the production taking place in the states of Gujarat and Maharashtra. Meanwhile, in China, MPD is produced in different provinces, including Shandong, Henan, and Jiangsu, and is also used mainly in the production of hair dyes. Both these Asian giants have regulations in place regarding the use of m- phenylenediamine in hair dyes, including limits on the concentration of MPD in hair dyes and requirements for warning labels on products containing MPD. According to recent projections, China is expected to remain the top producer of m-phenylenediamine (MPD) in 2022. The country is estimated to account for approximately 60% of total production, with India and Japan being the second and third largest producers respectively. South Korea is also projected to have a significant share of MPD production, with an estimated 11%. As Asia remans the major hub of production, the m-phenylenediamine market account’s for the lion’s share of revenue for m-phenlyenediamine market.
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Global m-phenlyenediamine Market Participants:
- AECOCHEM
- Alfa Aesar, Thermo Fisher Scientific
- Carbanio
- NATIONAL ANALYTICAL CORPORATION
- Otto Chemie Pvt. Ltd
- SimSon Pharma Limited
- Spectrum Chemical
- Vizag Chemical International
- Other Market Participants
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Global m-phenlyenediamine Market Segmentation
Absolute Markets Insights has segmented the global m-phenlyenediamine market on the basis of application, distribution channel, packaging, region further into countries.
Global m-phenlyenediamine Market Application Outlook (Revenue & Volume, USD Million & Million Units, 2015 – 2031)
- Dye for textiles
- Fibers and textiles
- Polymer additive
- Hair dyes
- Block polymers
- Petroleum additives
- Rubber Chemicals
- Others
Global m-phenlyenediamine Market Distribution Channel Type Outlook (Revenue & Volume, USD Million & Million Units, 2015 – 2031)
- Direct
- Indirect
Global m-phenlyenediamine Market Packaging Outlook (Revenue & Volume, USD Million & Million Units, 2015 – 2031)
- Bottle
- Drum
Global m-phenlyenediamine Market Regional Outlook (Revenue & Volume, USD Million & Million Units, 2015 – 2031)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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