Press release
An Overview of the Global Aniline Market: Trends and Forecasts
Aniline Market Research Report
Aniline is a colorless to pale yellow liquid chemical compound with a distinct odor, and its versatility makes it a valuable component in the manufacturing processes of many essential products. It is produced by catalytic hydrogenation of nitrobenzene, followed by purification, distillation, and extraction. It is a building block in the production of various chemicals and materials. It serves as a precursor in the synthesis of dyes, pharmaceuticals, rubber additives, agrochemicals, and many other organic compounds. Its reactivity and versatility make it valuable in a wide range of industries. It is cost effective, versatile, and easy-to-handle substance with a high boiling point and excellent solubility in alcohol, benzene, chloroform, carbon tetrachloride, acetone, and other organic solvents. It is utilized in laboratory research as a potential of hydrogen (pH) indicator, chemical intermediate, and analytical reagent for determining the concentration of nitrite ions and other substances.
How big is the Aniline market?
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.
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Current Trends Shaping the Aniline Market
The increasing use of aniline in the chemical sector to produce polyaniline, azobenzene, quinone, p-aminophenol, corrosion inhibitors, antioxidants, and photographic chemicals represents one of the primary factors favoring the market growth around the world. Moreover, the rising adoption of aniline in the textile industry to make dyes and pigments for leather, paper, wood, apparel, and home furnishing is propelling the growth of the market. Apart from this, aniline is employed in the pharmaceutical industry for manufacturing various pain relievers and drugs. Along with this, the growing number of individuals with chronic medical conditions and the easy availability of various generic opioids are creating a positive outlook for the market.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Technology Insights:
Vapour-Phase Process
Liquid-Phase Process.
Application Insights:
Methylene Diphenyl Diisocyanate (MDI)
Others
End-Use Industry Insights:
Insulation
Rubber Products
Consumer Goods
Transportation
Packaging
Agriculture
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
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,
Tosoh Corporation, etc.
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N-Hexane Market: https://www.imarcgroup.com/n-hexane-technical-material-market-report
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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