Global Aniline Market Size Analysis, Industry Share, Price Trends, Growth, Research Report and Forecast 2023-28

According to IMARC Group latest published report, The global aniline market size reached 9.4 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 12.9 Million Tons by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

Aniline is an organic compound belonging to the class of aromatic amines. With the chemical formula C6H5NH2, the compound is prepared by the catalytic hydrogenation of nitrobenzene. It is characterized by a clear to slightly yellow color with an unpleasant odor. Highly toxic in nature, it is a weak organic base that forms salts with mineral acids. It is slightly soluble in water but freely soluble in chemicals, including alcohols and ethers. It is widely utilized across various industry verticals for the production of a wide range of products, such as dyes, drugs, explosives, plastics, and photographic chemicals, rubber chemicals, agricultural chemicals, synthetic dyes, antioxidants, stabilizers for the rubber industry, herbicides, varnishes and explosives.

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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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global aniline market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on technology, application, and end-use industry.

Breakup by Technology:

  • Vapour-Phase Process
  • Liquid-Phase Process.

Based on technology, the market has been segmented into vapour phase process and liquid phase process.

Breakup by Application:

  • Methylene Diphenyl Diisocyanate (MDI)
  • Others.

Methylene diphenyl diisocyanate (MDI) represents the leading application segment as it is extensively used in producing rigid polyurethane foams, which are used for home and refrigerator insulation. In addition, insulation made with MDI consumes minimal power and supports energy conservation.

Breakup by End-Use Industry:

  • Insulation
  • Rubber Products
  • Consumer Goods
  • Transportation
  • Packaging
  • Agriculture
  • Others

Insulation currently accounts for the majority of the market share due to the increasing construction activities of residential and commercial buildings and the escalating demand for electronic goods across the globe.

Regional Insights:

  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America

Asia Pacific exhibits a clear dominance in the market due to the rising construction, renovation, and remodeling activities of buildings and the expanding use of aniline across various industries in the region.

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being BASF Corporation, Bayer Material Science, Borsodchem Mchz, First Chemical Corporation, Jilin Connell Chemical Industry Co., Ltd., Hindustan Organics Chemicals Limited, Huntsman International, Mitsubishi Chemical, Mitsui Chemical, Narmada Chematur Petrochemicals Limited, Petrochina Co. Ltd., Sabic, Sp Chemicals Holdings Ltd., Sumitomo Chemical, Sumika Bayer Urethane Co., Ltd., The Dow Chemical Company and Tosoh Corporation.

This report provides a deep insight into the global aniline market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the aniline industry in any manner.

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