Global Para-aminobenzoic Acid (PABA) Market was valued at USD 0.05 Billion in 2022 and is projected to reach USD 0.08 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
Para-aminobenzoic Acid (PABA) Market: Insights into Growth, Applications, and Future Prospects
Para-aminobenzoic acid (PABA), an organic compound with the chemical formula C7H7NO2, has garnered significant attention in various industries due to its versatile applications. As of 2023, the global PABA market was valued at approximately USD 54.1 million and is projected to reach USD 67.1 million by 2030, reflecting a compound annual growth rate (CAGR) of 4.8% during the forecast period.
PABA's primary applications include:
Pharmaceutical Intermediates: PABA serves as a precursor in the synthesis of various drugs, owing to its role in the vitamin B complex. Its derivatives have been evaluated for potential therapeutic effects, including antibacterial and anti-inflammatory properties.
Dye Intermediates: The compound is utilized in the production of azo dyes, which are widely used in textiles and other industries.
Cosmetics: Historically, PABA was a common ingredient in sunscreens due to its ability to absorb ultraviolet (UV) light. However, its usage has declined because of concerns related to allergic reactions and photosensitivity.
In recent years, the PABA market has experienced notable changes. Several companies have exited the market due to stringent environmental regulations. For instance, Changzhou Welton (Anhui Peicheng) ceased operations in 2023, and Anyang Huaying exited in 2018, highlighting the challenges faced by manufacturers in maintaining compliance with evolving environmental standards.
Despite these challenges, the market remains concentrated, with the top three companies accounting for over 80% of the market share. Key players include Mitsuboshi Chemical, Changzhou Sunlight, and Zhejiang Youchuang, all of which continue to drive innovation and production in the PABA industry.
As someone who has closely followed the chemical industry's developments, I've observed the dynamic nature of the PABA market. The compound's diverse applications, coupled with regulatory challenges, make it a fascinating area of study. The ongoing research into PABA's potential therapeutic benefits and its role in various industrial applications suggest that the market will continue to evolve, presenting both opportunities and challenges for stakeholders.
Get an In-Depth Research Analysis of the Global Para-aminobenzoic Acid (PABA) Market Size And Forecast [2025-2032]
NISSO FINE CO.
LTD
Mitsuboshi Chemical Co.
Ltd.
FUTOH CHEMICALS CO.
LTD
Changzhou Sunlight Pharmaceutical
Anyang Huaying Fine Chemical Industry
Hubei Deli New Material
Anhui Jin€™ao Chemical
TCI Chemicals
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Para-aminobenzoic Acid (PABA) Market
Pharmaceutical Intermediates
Dye Intermediates
Other
Based on Types the Market is categorized into Below types that held the largest Para-aminobenzoic Acid (PABA) market share In 2023.
Above99%
9899%
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Para-aminobenzoic Acid (PABA) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Para-aminobenzoic Acid (PABA) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Para-aminobenzoic Acid (PABA) Market, By Type
6. Global Para-aminobenzoic Acid (PABA) Market, By Application
7. Global Para-aminobenzoic Acid (PABA) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Para-aminobenzoic Acid (PABA) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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