The latest research study, “Aniline Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” has been added by IMARC Group. The global aniline market reached a volume of 8.93 Million Tons in 2021. Looking forward, the market expects to reach 12.47 Million Tons by 2027, exhibiting at a CAGR of 5.5% during 2022-2027, according to latest report by IMARC Group.
Aniline, also known as aminobenzene or phenylamine, is an organic compound with the chemical formula C6H5NH2 that belongs to the class of aromatic amines. It is prepared by the catalytic hydrogenation of nitrobenzene and characterized by a clear to slightly yellow color with an unpleasant odor. It is slightly soluble in water but highly soluble in chemicals, including ethers and alcohol. As a result, aniline finds extensive applications in various industries to produce a wide range of products such as dyes, drugs, explosives, plastics, photographic and rubber chemicals, synthetic dyes, antioxidants, stabilizers for the rubber industry, and explosives.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Aniline Market Trends:
The market is primarily driven by the increasing usage of aniline in various industries across the globe. For instance, aniline is used to produce polyurethane (PU) rigid foams that are widely utilized in the construction industry. Moreover, the growing demand for aniline from the pharmaceutical industry is also contributing to the market growth. Besides this, various technological advancements and enhanced research and development (R&D) activities have enabled the extraction of aniline from biomass, which is further driving the market growth. In addition, the increasing usage of aniline as an anti-knock additive and solvent in the improvement of reformat gasoline is escalating its demand globally. Furthermore, there has been an increasing shift toward the usage of biomass-based products due to the growing environmental consciousness.
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The competitive landscape of the market has also been analyzed in the report with some of the key players being: BASF SE (BASFY), BAYER AG (BAYRY), BorsodChem MCHZ, Ltd, Hindustan Organics Chemicals Limited, Huntsman Corporation (HUN),MITSUBISHI CHEMICAL HOLDINGS CO (MTLHY), MITSUI CHEMICALS INC (MITUY), Narmada Chematur Petrochemicals Limited, PetroChina Company Limited (PTR), Sabic, Sp Chemicals Holdings Ltd., Sumitomo Chemical, Sumika Bayer Urethane Co., Ltd., The Dow Chemical Company and Tosoh Corporation.
Insights on Market Segmentation:
Market Breakup by Technology
1. Vapour-Phase Process
2. Liquid-Phase Process
On the basis of the technology, the market has been bifurcated into vapor-phase and liquid-phase processes.
Market Breakup by Application
1. Methylene Diphenyl Diisocyanate (MDI)
Based on the application, methylene diphenyl diisocyanate (MDI) represents the leading segment in the market.
Market Breakup by End-Use Industry
2. Rubber Products
3. Consumer Goods
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.
Market Breakup by Region
1. Asia Pacific
3. North America
4. Middle East and Africa
5. Latin America
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.
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