According to ChemAnalyst report, “Global Aniline Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032”, The global Aniline market has expanded remarkably in the historic period of 2015-2022 and is expected to grow at a CAGR of 3.95% reach 12 million tonnes during the forecast period and by 2032. The rising demand from Methylene diphenyl diisocyanate (MDI), Rubber-processing Chemicals, and Dyes & Pigments end-use industries, is expected to swell up the demand for the Aniline market in the forecast period.
Phenylamine, often known as aniline (C6H5NH2), is an organic molecule made up of an amino group and a phenyl group. It is an oily, combustible liquid that is either colourless or slightly yellow in hue. It is produced via catalytic hydrogenation of nitrobenzene and has a high solubility in ether and alcohol as well as a low solubility in water. Aniline is an aromatic amine which is being popularly used as the key feedstock for manufacturing Methylene Diphenyl Diisocyanate (MDI), the key ingredient in polyurethane (PU) foams, which are widely used for insulation in construction, automotive, and plastic industries, the demand for Aniline is likely to witness robust growth in the forecast period.
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Aniline market is largely affected by demand from the Construction sector, Automobiles, Rubber industries, and agrochemicals. Aniline and its derivatives are used to manufacture automobile rubber tyres, rubber gloves. Aniline has a wide range of applications in the pharmaceuticals, and it is also used as a colouring agent for fibers. It is also use for the agricultural purpose it is employed as a pesticide and fungicide. The Aniline market is dominated by the production of polyurethane, which is then used in the production of plastics. Methylene diphenyl diisocyanate (MDI), a product made using Aniline, is used to make Polyurethanes, Elastomers, Adhesives, Sealants, Surface Coatings, and Fibers, according to applications. In the following years, the use of Aniline as an anti-knock additive in gasoline is likely to rise significantly. The pharmaceutical and rubber sectors also contribute to the Aniline demand. Growing demand for rigid PU foam in construction and electronics industry and flexible PU foam in furniture and transportation sector is anticipated to propel the growth of the global Aniline market in the forecast period. Rising demand for innovative MDI materials for energy efficient insulating materials in buildings and refrigeration systems would accelerate the market growth in the forecast period.
Growing demand for rigid PU foam in construction and electronics industry and flexible PU foam in furniture and transportation sector is anticipated to propel the growth of the global Aniline market in the forecast period. Rising demand for innovative MDI materials for energy efficient insulating materials in buildings and refrigeration systems would accelerate the market growth in the forecast period.
The global Aniline market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Aniline market is segmented into Methylene diphenyl diisocyanate (MDI), Rubber-processing Chemicals, Dyes & Pigments, and Others. Methylene diphenyl diisocyanate (MDI) manufacturing is the major consumer of the Aniline market and captured more than 74% of the market in 2022. Due to its expansive application, MDI manufacturing is expected to be the fastest-growing Aniline demand segment.
Regionally, the Asia Pacific region is dominating the Aniline market followed by Europe. In 2022, Asia Pacific held a market share of approximately 55%. The reason for this is the expanding use of methylene diphenyl diisocyanate (MDI), which is made from aniline and used to make a variety of sealants and insulating materials for infrastructure purposes. One of the primary reasons favoring market expansion is the increase in residential and commercial building construction activities due to the expanding population in developing nations such as India, Japan, and China. China is the world’s leading producer and consumer of polyurethanes and being the world’s largest automotive manufacturing hub, offers a humungous potential to the global Aniline market.
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“Global Aniline Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032” Major players for Aniline globally include Covestro AG, Huntsman Corporation, BASF SE, Wanhua Chemical Group, Sumitomo Mitsui Chemical, Tosoh Corporation, BorsodChem MCHZ, Jilin Connell Chemical Industry Co., Ltd, Inner Mongolia Connell Chemical Industry Co., LTD, Gujarat Narmada Valley Fertilizers & Chemicals Limited, SP Chemicals Co., ltd., Bondalti Chemicals, S.A, Sinopec Nanjing Chemical Industries Co., Ltd., Karun Petrochemical Company, and Others.
“Constantly increasing demand for Aniline from several end-use industries including, Methylene diphenyl diisocyanate (MDI), Rubber-processing Chemicals, Dyes & Pigments, which are further used in various downstream industries such as Construction, Automobiles, Rubber, and Agrochemicals is anticipated to augment the market growth in the forecast period. Asia Pacific is expected to continue its dominance during the forecast period for its increased demand for rubber and plastics in response to fast-paced industrialization and urbanization. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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