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Synthetic & Bio-based Aniline Market in Construction sector to witness substantial growth during the forecast year
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Polyurethane spray foam in fact, is also deployed heavily to resist wind uplift, provide protection against harsh weather, improve indoor air quality, and decrease the energy consumption for heating & cooling, inadvertently leading to reduced GHG emissions. Synthetic & bio-based aniline market size is further augmented by the fact that even globally, the construction sector has been predicted to depict a massive growth rate. A leading research study claims global construction industry size to surpass USD 10 trillion by 2021. In 2015, APAC alone held more than 50% of the overall construction spending, led by India, China, and Japan. Not surprisingly, APAC has been projected to account for more than 40% of the overall synthetic & bio-based aniline industry share by 2024.
Of late, the demand for green buildings has been on a rise, which is being further supported by government grants and financial schemes. The robustly expanding construction sector will thus increase the demand for PU foams, stimulating synthetic & bio-based aniline market share from the construction sector, slated to grow at a rate of 7% over 2017-2024.
The automotive sector is another major end-use segment that defines the growth path of synthetic & bio-based aniline industry. Asia Pacific and Europe, the automotive hubs of the globe, are likely to be the most profitable revenue pockets for synthetic & bio-based aniline market. In China for instance, more than 24,400,000 cars and over 3,600,000 commercial vehicles were manufactured in 2016. Germany, in the same year, recorded a car production of more than 5,700,000 and a commercial vehicle production of more than 315,000. These statistics affirm that the surging production of automobiles worldwide will undeniably augment synthetic & bio-based aniline market share from the automotive sector.
The extensive growth of synthetic & bio-based aniline market from the automotive sector can be attributed to the fact that polyurethane foams are heavily used for cushioning in armrests, headrests, and car seats. Furthermore, PU foams find applications as insulation in automobile bodies for protecting passengers against noise and heat, thereby increasing their demand, and subsequently stimulating synthetic & bio-based aniline industry size.
Covestro has been deploying aniline as a feedstock for a considerably long while now for manufacturing rigid polyurethane foams that find applications across numerous end-use sectors. Currently, Covestro, following the lines of its contemporaries, has been manufacturing aniline from benzene, however, the synthetic & bio-based aniline industry giant has derived a new aniline development process that uses industrial sugar manufactured from an organic source that does not compete with food. If and when commercialized, this product is likely to bring about a revolution in synthetic & bio-based aniline market. Mobilized by sustainability trends, synthetic and bio-based aniline industry size, it is forecast, will exceed USD 19 billion by 2024.
Browse key industry insights spread across 160 pages with 265 market data tables & 13 figures & charts from the report, “Synthetic & Bio-based Aniline Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/synthetic-and-bio-based-aniline-market
The company reports that close to 5 million tons of aniline are produced globally on an annual basis, and this figure has been forecast to increase at a y-o-y rate of 5%. The synthetic & bio-based aniline market giant alone boasts of a production capacity of approximately 1 million tons. This only goes to prove that the extensive demand for this precursor across myriad end-use sectors has been depicting a robust surge – a fact that is likely to propel synthetic & bio-based aniline industry to enviable heights of success. Industry estimates are also in favor of the aforementioned declaration. Global Market Insights, Inc., reports synthetic & bio-based aniline market size to surpass a valuation of USD 19 billion by 2024.
Glimpse of Table of Content (ToC)
Chapter 3. Synthetic & Bio-based Aniline Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. High construction spending in Asia Pacific
3.4.1.2. Increasing automotive production in Asia Pacific and North America
3.4.1.3. Rising demand for MDI
3.4.2. Industry pitfalls & challenges
3.4.2.1. Toxicity of aniline to humans
3.4.2.2. Volatile feed stock price
3.5. Growth potential analysis
3.6. Technology trends
3.7. Addressable market potential
3.8. Regulatory trends
3.8.1. U.S.
3.8.2. Europe
3.8.3. China
3.9. Porter’s analysis
3.10. Company market share analysis, 2016
3.10.1. Strategic landscape
3.11. PESTEL analysis
3.12. Regional price trends
3.12.1. Cost structure analysis
3.12.2. Raw material trends
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/synthetic-and-bio-based-aniline-market
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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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