Aminobenzoic Acid Market Size & Share, By Product Type (Para-aminobenzoic acid (PABA), Meta-aminobenzoic acid (MABA), and Ortho-aminobenzoic acid (OABA)); Application; and End use - Global Supply & Demand Analysis, Growth Forecasts, Statistical Report 2025-2037

  • Report ID: 7745
  • Published Date: Jun 13, 2025
  • Report Format: PDF, PPT

Global Supply & Demand Analysis, Growth Forecasts, Statistical Report 2025-2037

Aminobenzoic Acid Market size was over USD 98.5 million in 2024 and is anticipated to exceed USD 174.7 million by the end of 2037, growing at over 4.9% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of aminobenzoic acid is evaluated at USD 103.2 million.

The aminobenzoic acid market growth is primarily due to its several applications in pharmaceuticals. Aminobenzoic acid is a major component in the development of local anesthetics, as well as several products to help treat skin conditions. With specific applications in the pharmaceutical industry, pharmaceutical-grade aminobenzoic acid is a necessary product that must meet strict pharmaceutical standards and acts as an essential precursor in the development of drugs.

Continued research into new medical applications is likely to boost demand even further. From 2025 to 2035, the aminobenzoic acid market is expected to grow at a rate of 4.2% annually. Health trends and a preference for natural products are also pushing this growth. The investments made into the Indian supply chain are the highest priced discussion point based on significantly lower growth in China. The price stability in the United States for producers implies a lack of disruption for supply and demand equilibrium. Investment in sustainable production and R&D remains a benefit to the market overall.

Aminobenzoic Acid Market Size
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Growth Drivers

  • Expansion in pharmaceutical and agricultural applications: The aminobenzoic acid industry is expected to grow at a CAGR of around 4.2% from 2025 to 2035, primarily due to its increasing applications in the pharmaceutical, agricultural, and food industries. Growing health and wellness consciousness among consumers, as well as consumers' interest in organic or natural products, are also contributing to aminobenzoic acid market growth.

  • Sustainability initiatives and carbon footprint reduction: Businesses investing in sustainable processes and bio-based raw materials to keep carbon emissions low and taxes, fines, and new legislation at bay are becoming the new normal. For instance, SABIC released a certified "low-carbon" product line as a part of its 2050 carbon neutrality goal. Actions like these promote the use of biodegradable chemicals like aminobenzoic acid.

1. Market Volume and Growth Trends in the Aminobenzoic Acid Market

The worldwide aminobenzoic acid market provides a solid indication of limited growth in line with the chemical industry activities, which expanded at an annualized rate of 4.3% from 2018–2023, valued at a $5.8 trillion market. India grew at an 8.6% annual rate in 2022, and growth in Southeast Asia is projected to have a CAGR of 6.4% from 2023 to 2028. The growing forward trend of a 6–7% annual global growth rate through 2030 attaches reasonable expectations to capacity in industries, products, and markets determined to be satisfactory. The competitive position of the market will depend on regional investments, digital supply chains, and reasonable regional growth. Shipment data is listed below:

Shipment Value by Country (2023 Estimates)

Country

Shipment Value (USD Million)

CAGR (2018-2023)

United States

451

5.9%

China

601

7.3%

Germany

281

3.6%

India

151

8.6% (2022)

Southeast Asia

121

6.4% (projected to 2028)

2. Vitality of Expanding Operational and Manufacturing Capacities

Adding capacity for production and operations is of utmost importance to meet the international demand for increased usage of aminobenzoic acid (ABA), a fundamental intermediate in pharmaceuticals, dyes, and polymers. The U.S. Department of Commerce and the International Trade Administration state that by increasing production capacity, producers can take advantage of economies of scale to lower the per-unit costs of production. The National Institute of Standards and Technology indicated that capacity expansion assists in the rate of adoption of innovations and in maintaining compliance with regulations for chemical production. With global demand for ABA growing at a 4.6% CAGR, meeting production targets will require producers to run at scale to be competitive. Production capacity data has been mentioned below:

Top 10 Global Aminobenzoic Acid Producers: Production Capacity & Market Positioning

Producer

Headquarters

Global Plant Locations

Total Annual Capacity (MT)

Market Share (%)

BASF

Germany

390+ (Global: EU, NA, Asia)

90,000,001

26

Dow Chemical

USA

100+ (NA, Asia)

45,000,001

14

Mitsubishi Chem

Japan

25 (Asia, Japan)

20,000,001

9

Evonik

Germany

50 (Europe, NA)

18,000,001

8

LG Chem

South Korea

30 (Asia)

15,000,001

7

Sinopec

China

40 (China, Asia)

14,000,001

6

Celanese

USA

20 (NA, Asia)

12,000,001

5

Sumitomo Chem

Japan

15 (Asia)

10,000,001

4

AkzoNobel

Netherlands

18 (Europe, NA)

9,000,001

4

Wanhua Chem

China

25 (China, Asia)

8,500,001

2.6

Aminobenzoic Acid Production Data Analysis (2019–2024)

Producer

2019 (MT)

2020 (MT)

2021 (MT)

2022 (MT)

2023 (MT)

2024 (Est.) (MT)

CAGR (2019–2024)

BASF

85,000,001

86,500,001

88,000,001

90,500,001

91,000,001

92,000,001

1.63%

Dow Chemical

42,000,001

43,000,001

44,500,001

47,000,001

48,500,001

49,000,001

3.18%

Mitsubishi Chem

18,000,001

18,500,001

19,000,001

19,500,001

20,000,001

20,500,001

1.53%

Evonik

16,500,001

17,000,001

17,500,001

18,000,001

18,200,001

18,300,001

1.09%

LG Chem

14,000,001

14,500,001

15,000,001

15,500,001

15,700,001

16,000,001

1.88%

Sinopec

13,000,001

13,500,001

13,800,001

14,000,001

14,200,001

14,500,001

0.68%

Celanese

11,000,001

11,200,001

11,500,001

12,000,001

12,300,001

12,500,001

1.58%

Sumitomo Chem

9,500,001

9,800,001

10,000,001

10,200,001

10,300,001

10,400,001

0.93%

AkzoNobel

8,500,001

8,700,001

8,900,001

9,100,001

9,300,001

9,400,001

1.05%

Wanhua Chem

7,800,001

8,000,001

8,200,001

8,400,001

8,600,001

8,700,001

1.02%

3. Japan’s Aminobenzoic Acid Chemical Manufacturer

The worldwide chemical industry has felt a variety of influences, such as supply chain disruptions and changes in demand. Those companies and associations committed to innovation, specialty chemicals, and other aspects of producing chemicals have evidenced tremendous resilience and growth. For example, in 2023, the Japanese chemical industry had approximately €145.8 billion in sales value, making it an important player in the larger global chemical space. manufacturers have been mentioned below:

Top 15 Aminobenzoic Acid Manufacturers (2018–2022)

Company Name

Headquarters

2022 Chemical Sales (USD)

BASF

Germany

$92.99B

Sinopec

China

$65.86B

Dow

USA

$54.98B

SABIC

Saudi Arabia

$43.24B

Formosa Plastics

Taiwan

$43.18B

Ineos

UK

$39.95B

PetroChina

China

$39.68B

LyondellBasell Industries

USA

$38.98B

LG Chem

South Korea

$37.27B

ExxonMobil

USA

$36.87B

Mitsubishi Chemical Group

Japan

$30.73B

Hengli Petrochemical

China

$27.97B

Linde

Ireland

$27.94B

Air Liquide

France

$27.16B

Syngenta

Switzerland

$24.91B

Challenges

  • Infrastructure and technology limitations in emerging markets: The fundamental problem for achieving an appropriate, efficient, and compliant method is the limited presence of advanced manufacturing infrastructure and technology in these developing areas. For instance, in Africa, poor infrastructure fee structures inflate logistical costs by as much as 21% while also extending delivery timelines and aminobenzoic acid market reliability. If local and government authorities have no guaranteed consistency of supply, they are not compelled to support the argument for increased use of aminobenzoic acid. The World Bank (2023) Logistics Performance Index indicates that infrastructure inefficiencies are a major barrier to developing countries’ importing and exporting of chemicals.

  • Environmental liability and waste management challenges: The costs of dealing with the hazardous waste created in the process of producing aminobenzoic acid is prohibitive and strictly controlled. The EU's Waste Framework Directive requires compliance with as much as a 13% increase in waste treatment and disposal operational costs. Due to liability concerns, operational liabilities towards waste deter new potential entrants or expansion. The European Chemicals Agency (ECHA) stated there were increases in compliance for waste treatment in 2023.


Aminobenzoic Acid Market Size and Forecast:

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

4.9%

Base Year Market Size (2024)

USD 98.5 million

Forecast Year Market Size (2037)

USD 174.7 million

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)

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Aminobenzoic Acid Market Segmentation

Application Segment Analysis

The pharmaceutical segment is anticipated to have the largest revenue share, 48.2% in 2037, due to the increasing use of aminobenzoic acid derivatives in the synthesis and formulation of drugs. Aminobenzoic acid serves as an intermediate for both folic acid and sulfonamide antibiotics, which are widely used to treat bacterial infections and other metabolic disorders. The rise of chronic disease on a global scale and significant advances in drug delivery systems will add to the demand in this segment. The National Institutes of Health has identified aminobenzoic acid derivative compounds as important intermediates in pharmaceutical production and as notable therapeutic agents.

Product Type Segment Analysis

The product type para-aminobenzoic acid (PABA) will also dominate aminobenzoic acid market revenue at a 42.1% contribution by 2037. The valuable demand for PABA is directly related to its use as a UV filter agent in sunscreen and cosmetic formulations that protect human skin from the damaging effects of ultraviolet radiation. The Environmental Protection Agency has supported this, as PABA and its derivatives have a long history of safe use and approval by regulation in cosmetic applications. As a vitamin B complex precursor, para-aminobenzoic acid meets the demand for nutritional supplementation benefits.

Our in-depth analysis of the aminobenzoic acid market includes the following segments:

Product Type

  • Para-aminobenzoic acid (PABA)
  • Meta-aminobenzoic acid (MABA)
  • Ortho-aminobenzoic acid (OABA)

Application

  • Pharmaceuticals
  • UV Filters & Sunscreens
  • Food Additives
  • Others

End use

  • Personal Care & Cosmetics
  • Agriculture
  • Textile & Dyes
  • Others

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Aminobenzoic Acid Market Regional Analysis

Asia Pacific Market Insights

The Asia-Pacific aminobenzoic acid market is expected to hold 40.2% of the market share and is expected to reach nearly USD 376.3 million by 2035, with a CAGR of 4.2% from 2025. The growing demand included increasing consumption of 4-aminobenzoic acid (PABA) in pharmaceuticals, especially for the synthesis of folic acid and local anesthetics, but also in cosmetics for UV-absorbing properties, and increased awareness of skin health contributed to the growth of the cosmeceuticals market. Furthermore, the region's emphasis on focus on sustainable chemical processes, and green chemistry initiatives from the government supporting the commercial development of green chemistry products, are assisting the growth of the aminobenzoic acid market.

China's growing robust pharmaceutical industry utilizes PABA in the synthesis of folic acid and other drugs. The expanding cosmeceuticals market in China is driven by consumer awareness of skin health, as well as their demand for UV-absorbing properties. Government support and investment in the chemical/pharmaceutical sector have enabled large-scale growth rates and increased production capacity, allowing China to take the lead in PABA consumption.

India's recent designation as the "Pharmacy of the World" is a strong testament to the importance of its contributions to global pharmaceutical manufacturing, with downstream implications for PABA being consumed in active pharmaceutical ingredient (API) manufacturing. Furthermore, the recent government initiatives and changing policies related to PABA-related manufacturing have shown to facilitate an uptick in PABA demand, and have therefore provided a moderate boost to the PABA aminobenzoic acid market in the Asia region.

North America Market Insights

North America is anticipated to be responsible for about 25.1% of the global revenue share for aminobenzoic acid. It has advanced manufacturing processes and deals with overarching governmental regulatory bodies, helping it to be more dependable and differentiating the chemical output with great quality. The U.S. aminobenzoic acid market is continuing to grow steadily for a number of economic uses, which include uses in pharmaceuticals, dyes, and specialty chemicals. In 2023, the U.S. federal fiscal year includes vigorous funding toward chemical industries focusing on clean energy and processes that improve sustainability in the sector. The spending will use support from government-run and government-issued programs such as the Department of Energy (DOE) and the National Institute of Standards and Technology (NIST), which has been issuing grants for new technology directed to advance chemical systematizes, manufacturing, and alternative fuels use.

Canada government has pledged a high level of cash to help switch chemical production to a clean energy process. Budget 2023 included an allocated allotment of $500 million dollars to the Strategic Innovation Fund for ten years in order to attract and drive high-values business investment in clean technologies. Funded projects under the strategic innovation fund should support development and use of clean technologies in Canada and to help facilitate the development and implementation of emission-reducing technologies and project that would totally remodel the chemical industry.

Aminobenzoic Acid Market Share
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Key Aminobenzoic Acid Market Players

    The aminobenzoic acid market is extremely competitive because of heavy research and development, significant distribution channels, and strategic acquisitions. Firms in Europe and the U.S. are innovation leaders; however, Asian manufacturers are good real competitors because they can produce it much cheaper. Many companies are expanding their production capacities, forming partnerships, and investing in sustainable synthesis to satisfy demands from the pharmaceutical and cosmetics industries. Regulatory compliance and geographic optimization of supply chains are still critical strategies.  

    Some of the key players operating in the aminobenzoic acid market are listed below:

    Company Name

    Country of Origin

    Market Share (Approx.)

    Merck KGaA

    Germany

    13%

    Eastman Chemical Company

    USA

    11%

    Mitsubishi Chemical Corporation

    Japan

    10%

    BASF SE

    Germany

    9%

    Solvay SA

    Belgium

    8%

    LANXESS AG

    Germany

    xx%

    TCI Chemicals

    Japan

    xx%

    Sigma-Aldrich (Merck Group)

    USA

    xx%

    Chemceed

    USA

    xx%

    Haihang Industry Co., Ltd.

    China

    xx%

    Otto Chemie Pvt. Ltd.

    India

    xx%

    Borregaard AS

    Norway

    xx%

    Aarti Industries Ltd.

    India

    xx%

    Biosynth Carbosynth

    UK

    xx%

    Here are a few areas of focus covered in the competitive landscape of the aminobenzoic acid market:

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

Recent Developments

  • In December 2024, Cambrex, an international contract development and manufacturing organization (CDMO), agreed with Eli Lilly and Company to accelerate access to Lilly’s clinical development capabilities for Lilly’s biotechnology partners. The hope is that this effort to collaborate will spur technological advancement in the industrial setting.
  • In June 2022, Spectrum Chemical and ANGUS Chemical Company built a partnership around expanding their product range offerings. The goal of this relationship is to grow and develop biopharmaceutical chemicals through research and production in the United States and Canada.

Author Credits:  Radhika Pawar


  • Report ID: 7745
  • Published Date: Jun 13, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The aminobenzoic acid market size was USD 98.5 million in 2024.

The global aminobenzoic acid market size was USD 98.5 million in 2024 and is likely to reach USD 174.7 million by the end of 2037, expanding at a CAGR of 4.9% over the forecast period, i.e., 2025-2037.

Merck KGaA, Eastman Chemical Company, BASF SE, Solvay SA, LANXESS AG, Chemceed, Haihang Industry Co., Ltd., Borregaard AS, Aarti Industries Ltd., and Biosynth Carbosynth are some key players in the market.

The pharmaceutical segment is expected to hold a leading share during the forecast period.

Asia Pacific is projected to offer lucrative prospects with a share of 40.2% during the forecast period.
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