Press release
Aniline Market Insights on Trends, Drivers and Opportunities by 2021 & key players - Yantai Wanhua Polyurethane Co Ltd, BASF, Huntsman, DuPont, Dow Chemicals, Jinling Chemical Co and Bayer
The aniline market is expected to witness a CAGR of approximately 5.1% during the forecast period 2017-2021.
Aniline is widely used in many industries as an indispensable ingredient. The global aniline market has grown enormously in recent years due to the growth of many industrial sectors such as the automotive industry, packaging, rubber and methylene diphenyl diisocyanate or MDI.
Browse details of 165 number of pages research report developed on "Aniline Market" @ https://www.researchcosmos.com/reports/aniline-market-report-global-industry-overview-trends-analysis-and-future-forecast-to-2021/1223605
Aniline Market Growth Drivers and Restraints:
It is expected that the growing demand for rigid polyurethane foams will continue to be a key factor in the growth of the global aniline market. More than half of the world production of aniline is attributed to the production of methylene diphenyl diisocyanate (MDI). MDI plays a key role in the manufacture of rigid polyurethane (PU) foams. The growing demand for PU insulation in the construction, automotive and plastic industries is expected to boost growth in the aniline market during the foreseen period. Aniline serves a large number of end-use industries that include rubber products, consumer goods, agriculture, transportation, adhesives, textiles, packaging, manufacturing, coatings, electronic photography, pulp and paper, and pharmaceuticals. It is expected that greater penetration of aniline in pharmaceutical products will have a positive impact on the global market. The demand for aniline as a solvent and gasoline additive is expected to increase due to the growing demand for gasoline and rapid industrialization, especially in developing countries. It is expected that an increasing number of applications of aniline as an inhibitor of metal corrosion will provide opportunities for market players in the next six years.
Geographical Insights of Aniline Market:
The Asia-Pacific region is expected to experience significant growth during the forecast period due to growth in the infrastructure and automotive industries. Large companies are expanding their aniline production capacity in China to meet the strong demand of emerging economies in the region. It is expected that the increase in the production of electronic products in Korea, Taiwan and China will continue to drive growth in the Asia-Pacific market. It is expected that the growth of the automotive industry in Brazil and the increase in construction spending in Mexico will increase the demand for aniline in these Latin American markets. The North American market is characterized by strong demand from the pharmaceutical, packaging and textile industries. As a result, the region's market is expected to register moderate growth rates during the forecast period.
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Key Players of Aniline Market:
Yantai Wanhua Polyurethane Co Ltd, BASF, Huntsman, DuPont, Dow Chemicals, Jinling Chemical Co, and Bayer are the major players of the market.
Aniline Market Key Segmentation:
By Applications:
• Methylene Diphenyl Diisocyanate (MDI)
• Rubber Processing Chemicals
• Dyes
By End User:
• Insulation
• Rubber Products
• Consumer Goods
• Automotive
• Packaging
• Agriculture
• Pulp and Paper
• Photography
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
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