Aniline Market Size to Boost USD 15.7 Million By 2032 | CAGR 5.3% - Published by Emergen Research

The global Aniline Market size was USD 9.4 Million in 2022 and is expected to register a rapid revenue CAGR of 5.3% during the forecast period. Rising demand for aniline in the pharmaceutical sector and increasing need for Methylene Diphenyl Isocyanate (MDI) in sealants, adhesives, and coatings sectors are key factors driving market revenue growth.

The aniline market is experiencing steady growth driven by its diverse applications across various industries, including chemical manufacturing, pharmaceuticals, rubber processing, and agriculture. Aniline, a primary aromatic amine, serves as a key precursor in the production of numerous chemicals, such as methylene diphenyl diisocyanate (MDI) used in polyurethane manufacturing, rubber chemicals, dyes, and pharmaceuticals. The market's growth is propelled by factors such as increasing demand for MDI-based polyurethanes in construction and automotive sectors, expansion of the pharmaceutical industry, and rising agricultural activities worldwide.

 The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Drivers of the Aniline Market :

Several drivers contribute to the expansion of the aniline market. Firstly, the booming construction and automotive sectors drive the demand for MDI-based polyurethanes, where aniline serves as a crucial raw material. Polyurethane foam, derived from MDI, finds extensive applications in insulation, furniture, automotive interiors, and construction materials, thereby fueling the demand for aniline. Additionally, the pharmaceutical industry's continuous growth, driven by aging populations and increasing healthcare expenditures, drives the demand for aniline-derived pharmaceuticals, including analgesics, dyes, and rubber chemicals.

Restraints Impacting the Aniline Market :

Despite the favorable market dynamics, certain restraints affect the growth of the aniline market. One significant challenge is the volatility in raw material prices, particularly benzene, which is a primary feedstock for aniline production via the catalytic hydrogenation process. Fluctuations in benzene prices directly influence production costs, impacting profit margins for manufacturers. Moreover, stringent environmental regulations regarding the production and handling of aniline pose compliance challenges for market players, necessitating investments in sustainable production processes and pollution control measures.

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The report also discusses the key players involved in the market such as:

BASF SE, Bayer AG, BorsodChem MCHZ, First Chemical Corporation, Jilin Connell Chemical Industry Co., Ltd, Hindustan Organic Chemicals Limited, Huntsman International LLC, Mitsubishi Chemical Corporation, Mitsui Chemicals, Inc., Narmada Chematur Petrochemicals Limited, PetroChina Company Limited, SABIC, SP Chemicals Pte Ltd, Sumitomo Chemical Co., Ltd, Sumika Bayer Urethane Co., Ltd, DOW, Tosoh Corporation, Covestro, BONDALTI, and Sinopec Corp

The report provides a thorough estimation of the overall impact of the pandemic on the Aniline Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Aniline Market

Aniline Latest Industry Updates

On 12 October 2022, Convestro announced that it will be building a new production plant in Antwerp, Belgium, to manufacture aniline with an investment of over USD 316.3 Million. Through this new plant, the company's production network for the foam component MDI in Europe, which is expected to begin operations in early 2025, based on the volatile state of the economy.

In September 2021, BASF SE increased the capacity for its medium-molecular weight polyisobutenes production by 25%, which are sold under the tradename OPPANOL B at Ludwigshafen, Germany. Through this investment, the company will rise demand for premium medium-molecular weight polyisobutenes around the world. By the first half of 2025, the capacity expansion will be expected to be finished.

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Aniline Market Segment Analysis :

For the purpose of this report, Emergen Research has segmented the global aniline market on the basis of type, technology, application, derivative, end-use industry, and region:

Type Outlook (Revenue, USD Million; 2019-2032)
Synthetic Aniline
Bio-Based Aniline
Technology Outlook (Revenue, USD Million; 2019-2032)
Vapor-Phase Process
Liquid-Phase Process
Application Outlook (Revenue, USD Million; 2019-2032)
Methylene Diphenyl Diisocyanate (MDI)
Rubber-processing Chemicals
Agricultural Chemicals
Dyes and Pigments
Specialty Fibers
Others
Derivative Outlook (Revenue, USD Million; 2019-2032)
Sulfur Derivatives of Aniline
N-Alkyl Aniline Derivatives
C-Alkyl Aniline Derivatives
Chloroanilines and Nitroanilines Anilines
Diazo and Azo Compounds
Others
End-use Industry Outlook (Revenue, USD Million; 2019-2032)
Building & Construction
Rubber Products
Consumer Goods
Transportation
Packaging
Agriculture
Others
Regional Outlook (Revenue, USD Million; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa

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