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Synthetic and Bio-based Aniline Market Growth by Key Players: Chemours, BASF, Dow Chemicals, Huntsman, Sinopec, Sumitomo Chemical, Tosoh Corporation, Covestro, Hindustan Organic Chemicals, Yantai Wanhua Polyurethane Company, BorsodChem, Jilin Connell Chem
Global Market Insights, Inc.
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According to product, the industry is segmented into bio-based and synthetic types. Bio-based aniline will be commercialized in 2017 and will gain in market share in the later stage of the forecast timespan. Synthetic segment will grow by around 6% CAGR throughout the forecast timespan.
Rubber processing chemical is a significant application segment for the synthetic & bio-based aniline market which will generate a revenue beyond USD 1.5 billion in 2024. Increasing tire demand from the rapidly growing automotive industry in Asia Pacific and North America will drive aniline usage as rubber processing chemicals.
Among the end-users, product demand for transportation will exceed USD 2.5 billion by 2024, gaining by about 6.5% CAGR. Rising automotive production in Asia Pacific will augment the segment’s growth throughout the forecast spell. By 2024, adhesives & sealants segment will account for around 10% of the total market in terms of volume, gaining the synthetic & bio-based aniline market by above 6% CAGR.
The end-user segment in synthetic and bio-based aniline market include construction, textiles, agriculture, rubber products, adhesives & sealants, transportation, packaging industry, consumer goods, etc. Among these, transportation industry will generate revenue over USD 2 billion with CAGR around 6.5% in forecast spell. Increasing automotive production coupled with rising road infrastructure construction activity in Asia Pacific is likely to spur the product demand for this segment over the forecast period.
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Synthetic & Bio-based Aniline Market by Process
• Reduction of nitrobenzene
• Substitution of chlorobenzene
Synthetic & Bio-based Aniline Market by Product
• Synthetic aniline
• Bio-based aniline
Synthetic & Bio-based Aniline Market by Application
• MDI
• Rubber processing chemicals
• Agrochemicals
• Dyes & pigments
• Others
Synthetic and Bio-based Aniline Market by End-user
• Construction
• Rubber products
• Transportation
• Consumer goods
• Adhesives & sealants
• Packaging industry
• Textile
• Agriculture
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Asia Pacific is a significant regional market which will account for around 40% of the global industry in 2024. Rising polyurethane packaging material production in China along with the fast-developing automobile and construction industries will significantly contribute to the regional synthetic & bio-based aniline market development.
The key producers in the synthetic & bio-based aniline market include Jilin Connell Chemical Industry, Yantai Wanhua, Sinopec, The Chemours, Sumitomo Chemical, Dow, Hindustan Organic Chem, Volzhsky Orgsintez, Tosoh, BASF, Sinopec, SP Chemicals and Shandong Jinling, etc.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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