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Global Aniline Market Trends:
Extensive application of aniline across various industries across the globe is one of the key factors driving the market growth. For instance, aniline is utilized to produce polyurethane (PU) rigid foams, which are widely used in the construction industry. Moreover, methylene diphenyl diisocyanate (MDI) is obtained from aniline, which is utilized in the production of various products, such as elastomers, adhesives, sealants, case coating and furnishings, which are used across numerous industries. The thriving pharmaceutical industry is also creating a positive outlook for the market. Enhanced research and development (R&D) and technological advancements have now enabled the extraction of aniline from biomass. Owing to rising environmental consciousness, there is an increasing inclination toward the usage of biomass-based products, which, in turn, is contributing to the market growth. On account of the aforementioned factors, the market is expected to reach a volume of 10.6 Million Tons by 2024, exhibiting a CAGR of 5.2% during 2019-2024.
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Market Summary:
- On the basis of the technology, the market has been bifurcated into vapor-phase and liquid-phase processes.
- Based on the application, methylene diphenyl diisocyanate (MDI) represents the leading segment in the market.
- On the basis of the end use, the market has been divided into insulation, rubber products, consumer goods, transportation, packaging and agriculture. Among these, insulation exhibits a clear dominance in the market.
- Region-wise, Asia Pacific holds the leading position in the market. Other major regions include Europe, North America, Middle East and Africa, and Latin America.
- On assessing the import and export scenario of the market, the report finds that the Netherlands and the United Kingdom are the biggest importer and exporter of aniline, respectively.
- The competitive landscape of the market has also been analyzed in the report with some of the key players being BASF SE, Bayer Material Science, BorsodChem MCHZ, E. I. du Pont de Nemours, First Chemical Corporation, Jilin Connell Chemical Industry LLC, Hindustan Organic Chemicals Limited, Huntsman Corporation, Mitsubishi Chemical Corporation, Mitsui Chemicals Inc., Narmada Chematur Petrochemicals Limited, PetroChina Company Limited., Sabic, SP Chemicals Holdings Ltd., Sumitomo Chemical Co., Ltd., Sumika Bayer Urethane Co., Ltd., Dow Chemical Company and Tosoh Corporation.
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