Aniline Market Size 2024 - Insights by Global Share, Emerging Trends, Regional Analysis, Growth Expansions and Forecast to 2031 | BASF SE, Bayer Material Science LLC

Market Overview:

Aniline is an aromatic amine compound widely used to produce other industrially and commercially significant compounds such as urea formaldehyde resins, synthetic rubber, and dyes. It is a colorless to pale yellow liquid with a sweet smell.

Market Dynamics:

The aniline market is expected to witness significant growth over the forecast period owing to increased demand for urea formaldehyde resins from furniture and construction industries. Urea formaldehyde resins find extensive applications as adhesives and binders in furniture, particleboard, and plywood manufacturing due to their cost-effectiveness and ability to cure at room temperature. Additionally, growth in the construction industry around the world has augmented the need for plywood, flooring, and furniture, thereby boosting the consumption of urea formaldehyde resins. This, in turn, is fueling demand for aniline, which is a key raw material in the production of urea formaldehyde resins. Furthermore, steady growth of the automotive industry has propelled demand for synthetic rubber made from aniline, thereby favoring the market growth over the 10-year forecast period.

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Major market players included in this report are:

★ BASF SE
★ Bayer Material Science LLC
★ E.I du Pont De Nemours and Company
★ Huntsman Corporation
★ Jilin Connell Chemical Industry Co., Ltd.,
★ SP Chemicals Holdings Ltd.
★ Sumitomo Chemical Co. Ltd.
★ The Dow Chemical Company

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

✦By Application: MDI and Others

✦ By End Uses: Insulation, Rubber Products, Consumer Goods, Automotive, Packaging and others

Regional Analysis:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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✦ Major Growth Drivers for the Aniline Market are Increasing demand from Urea Formaldehyde Resins Industry

With the rising demand from industries like construction and furniture where urea formaldehyde resins are extensively used as adhesives and binders, there is a subsequent rise in demand for aniline which is a key raw material in manufacturing these resins. Urea formaldehyde resins find wide applications in construction for manufacturing particleboards and fiberboards and in the furniture industry for making wood articles. The booming construction industry across globe especially in developing economies of Asia and increasing spending on interior designing and home furniture in countries like China, India is augmenting the growth of urea formaldehyde resins market which in turn is propelling the aniline market.

✦ Rising demand from MDI Industry

Aniline is a chief raw material which is used to produce methylene diphenyl diisocyanate(MDI) which is widely utilized to manufacture polyurethane foam. With the surging applications of polyurethane foam in furniture, construction, consumer goods industries owing to properties like durability, comfort and flexibility the demand for MDI has escalated drastically over the past few years. The expanding applications of polyurethane foam in insulation for construction, furniture, artificial leather, footwear etc. has bolstered the growth of MDI industry. Since aniline acts as precursor for manufacturing MDI, its demand increases proportionately with the rising need of MDI.

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✦ Major Market Restrain for the Aniline Market is Stringent Environmental Regulations

Aniline is considered toxic in nature and poses serious health hazards. Prolonged or repeated exposure to aniline can damage liver and kidney and also cause methemoglobinemia. Due to these toxicity issues, several governmental organizations across the globe have imposed stringent regulations regarding the production, storage, transportation and use of aniline. For instance, U.S. Environmental Protection Agency (EPA) has listed aniline as a toxic pollutant under the Clean Water Act and Clean Air Act. Similarly, REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) in Europe has identified aniline as a substance of very high concern. Such rigorous environmental laws have restricted the use of aniline in some applications thereby acting as a major challenge for the industry players. Complying with these norms involves huge capital investments which increases the overall production cost.

✦ Major Market Opportunity for the Aniline Market is Increasing Usage in Rubber Antioxidants

Rubber antioxidants which contain aniline as a key starting material are used to protect rubber from damaging effects of heat, light and oxygen during vulcanization process and subsequent usage. With the burgeoning rubber industry worldwide especially in developing countries on account of extensive rubber usage in industries like automotive, footwear etc., the consumption of antioxidant masterbatches is experiencing considerable growth. Moreover, rising industrial and infrastructure development in these emerging countries is propelling the demand for conveyor belts, tubing, hoses and other rubber based products. This widens the application scope for rubber antioxidants, thereby providing an opportunity for greater utilization of aniline.

✦ Escalating Trend Towards Bio-Based Aniline Production

Growing environmental concerns regarding toxic emissions from petroleum-based aniline production have prompted industry players and researchers to explore eco-friendly and sustainable alternatives. As a result, one of the major ongoing trends in the global aniline market is shift towards developing and adopting bio-based technologies for aniline synthesis using renewable feedstock. For instance, companies are investing in R&D for producing aniline enzymatically using lignin obtained from pulp and paper waste. Some researchers are experimenting with bacteria-based fermentation methods using carbohydrate sources to yield aniline. This evolving trend signifies immense potential for green aniline production which can help reduce dependence on fossil fuels and minimize environmental footprint over the long run.

Key Questions

• How much revenue will the global Aniline Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall Aniline Market?

• What are the indicators expected to drive the global Aniline Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Aniline Market to expand their geographical presence?

• What are the major advancements witnessed in the global Aniline Market?

• This report answers these questions and more about the global Aniline Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Aniline Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

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