Press release
Aniline Market on Track for USD 16.59 Billion by 2030, Growing at 5% CAGR
Aniline Market
Aniline Market Overview:
Aniline, a fundamental aromatic amine, is integral in producing methylene diphenyl diisocyanate (MDI), which is essential for manufacturing polyurethane foams. These foams are extensively utilized in insulation, automotive interiors, and furniture. The escalating need for energy-efficient buildings and lightweight automotive materials has significantly bolstered aniline consumption globally.
Download a Free Sample Report Today: https://www.maximizemarketresearch.com/request-sample/55879/
Aniline Market Dynamics:
Urbanization and Industrialization: Rapid urbanization, particularly in emerging economies, has led to heightened construction activities, thereby increasing the demand for insulation materials derived from aniline.
Automotive Industry Growth: The automotive sector's expansion necessitates the use of polyurethane foams for vehicle interiors, contributing to the rising demand for aniline-based products.
Technological Innovations: Companies are investing in research and development to discover sustainable production methods. For instance, Covestro has initiated a pilot plant to produce bio-based aniline, aiming to reduce reliance on fossil fuels.
Aniline Market Outlook and Future Trends
Sustainability Focus: The shift towards bio-based aniline production aligns with global sustainability goals, potentially reducing the environmental impact of aniline manufacturing.
Strategic Alliances: Collaborations among key players are anticipated to enhance production capacities and technological advancements, fostering market growth.
Regional Expansion: Asia-Pacific is expected to dominate the market due to robust industrial growth in countries like China and India.
Key Recent Developments:
Vietnam:
The Vietnamese aniline market has experienced consolidation, with the Herfindahl-Hirschman Index (HHI) increasing from 6,531 in 2017 to 9,991 in 2023, indicating a move towards a highly concentrated market. This suggests significant mergers and acquisitions among local producers.
Thailand:
While specific recent mergers and acquisitions in Thailand's aniline sector are not prominently reported, the country's growing chemical industry and strategic location in Southeast Asia make it a potential hotspot for future investments and partnerships in the aniline market.
Japan:
In 2021, Mitsubishi Chemical partnered with India's Mangalore Refinery and Petrochemicals Limited to establish a new aniline production facility in India. This strategic alliance allows both companies to leverage each other's expertise to cater to the growing demand for aniline-based derivatives.
South Korea:
South Korea's emphasis on technological innovation and its robust chemical industry position it as a key player in the aniline market. While specific recent mergers and acquisitions are not highlighted, the country's focus on research and development is expected to drive future growth in aniline production and applications.
Singapore:
SP Chemicals, a Singapore-based company, stands as one of the largest ion-exchange membrane chlor-alkali and aniline producers in the People's Republic of China. This underscores Singapore's strategic role in the regional aniline market.
United States:
Milliken & Company, a U.S.-based provider of polymer-bound colorants and additives, acquired Keystone Aniline Corporation. This acquisition enables Milliken to better serve its global colorant customers by expanding its portfolio of dyes, pigments, pigment dispersions, and polymers.
Europe:
Covestro announced the construction of a new aniline production facility in Antwerp, Belgium, with an investment exceeding €300 million. This expansion aims to strengthen Covestro's European production network for the foam component MDI.
Aniline Market Segmentation
by Application
Plant Protecting Products
Rubber-processing
Dye and Pigment
Specialty Fiber
by End-user
Consumer Goods
Automotive
Agriculture
Packaging
Others
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report: https://www.maximizemarketresearch.com/request-sample/55879/
Some of the current players in the Aniline Market are:
1. Sinopec Nanjing Chemical Industries Co., Ltd
2. Yantai Wanhua Polyurethane Co Ltd, DuPont
3. Jilin Connell Chemical Industry Co. Ltd
4. Shandong Jinling Chemical Co., Ltd
5. Mitsubishi Chemical Corporation
6. Huntsman International LLC
7. The Chemours Company
8. Arrow Chemical Group
9. Volzhsky Orgsintez JSC
10. BASF Corporation
11. Tosoh Corp
12. Bayer
13. Covestro AG
14. Wanhua Chemical Group Co. Ltd
15. Borsodchem Mchz
16. Ei Dupont De Nemours
17. First Chemical Corporation
For additional reports on related topics, visit our website:
♦ Waste Oil Market https://www.maximizemarketresearch.com/market-report/global-waste-oil-market/65355/
♦ Pectin Market https://www.maximizemarketresearch.com/market-report/global-pectin-market/24347/
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aniline Market on Track for USD 16.59 Billion by 2030, Growing at 5% CAGR here
News-ID: 3967325 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD
Ultrafiltered Milk Market Valued at USD 8.36 Billion in 2024, Anticipated to Gro …
The Ultrafiltered Milk Market size was valued at USD 8.36 Billion in 2024 and the total Ultrafiltered Milk revenue is expected to grow at a CAGR of 4.6% from 2025 to 2032, reaching nearly USD 11.99 Billion.
Ultrafiltered Milk Market Overview:
Ultrafiltered milk is gaining increasing attention in the dairy and functional food sectors thanks to its enhanced nutritional profile. Through a specialized membrane filtration process, ultrafiltration concentrates higher-molecular weight components…
Bath Towel Market to Grow from USD 10.46 Billion by 2032 at a CAGR of 6.7 %
The Bath Towel Market size reached USD 6.23 Bn in 2024 and is expected to reach USD 10.46 Bn by 2032, growing at a CAGR of 6.7 % during the forecast period.
Bath Towel Market Overview:
The bath towel industry is witnessing steady expansion, fueled by consumers' increasing focus on hygiene, comfort, and home aesthetics. High demand for plush, absorbent towels made of luxury materials such as Egyptian cotton, Turkish cotton,…
Carob Market to Reach USD 374.76 Million by 2032 Growing at a 5.3% CAGR
The global Carob Market was valued at USD 247.92 million in 2024 and is projected to reach USD 374.76 million by 2032, expanding at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2025 to 2032.
Carob Market Overview:
The carob market is experiencing significant growth, driven by its increasing popularity as a natural sweetener and plant-based alternative to chocolate. Derived from the seed pods of the carob…
Welding Electrode Market Expected To Reach USD 11.27 Bn by 2032
The Welding Electrode Market size was valued at USD 5.70 Billion in 2024 and the total Welding Electrode revenue is expected to grow at a CAGR of 8.9 % from 2025 to 2032, reaching nearly USD 11.27 Billion.
Welding Electrode Market Overview:
The Welding Electrode Market is evolving as a critical segment within the global manufacturing and construction industries. Welding electrodes are essential consumables that enable reliable and efficient joining of…
More Releases for Aniline
Aniline Price Trend: A Comprehensive Market Analysis
Aniline, a critical organic compound, plays a vital role in various industries, particularly in the production of dyes, rubber chemicals, and plastics. Its demand and price dynamics are shaped by a variety of factors, including raw material costs, global economic conditions, and shifts in manufacturing needs. Understanding the price trend of aniline is essential for businesses and procurement professionals involved in its production and use. In this article, we will…
How To Setup a Renewable Aniline Manufacturing Plant
Renewable aniline is a bio-based chemical derived from sustainable feedstocks, such as biomass, lignin, or bioethanol, rather than traditional petroleum-based sources. It serves as a crucial intermediate in producing various industrial chemicals, including polyurethane foams, dyes, and pharmaceuticals. Its eco-friendly nature reduces reliance on fossil fuels, minimizing carbon emissions and environmental impact. Advancements in green chemistry and biotechnology have enabled the efficient synthesis of renewable aniline, making it a viable…
Aniline Price Trend Report: A Comprehensive Analysis
Aniline, a crucial intermediate chemical primarily used in the production of dyes, rubber processing chemicals, and polyurethane, has exhibited notable price fluctuations over recent years. Understanding the price trends of aniline is vital for industries that rely on this chemical, as it directly impacts the costs of their raw materials and, consequently, their end products. This report delves into the factors affecting aniline prices, historical and current price trends, and…
Aniline Market to Witness Growth Acceleration by 2029
Aniline Market Size is projected to grow by 2029, at a CAGR of 4.0% during the forecast period. The growth of the market can be attributed to the increasing demand for aniline from various applications across the globe. Important changes in the business allow key players to attain larger profits. This Aniline Market study report is the best way to make changes with the help of entire market condition and…
Aniline Prices, Price Trends throughout Q1 of 2024
Introduction
The first quarter of 2024 witnessed significant fluctuations in the global aniline market. This article provides an in-depth analysis of aniline prices and the factors influencing these trends during Q1 of 2024. Aniline, a key organic compound widely used in the chemical industry, especially in the manufacture of dyes, pharmaceuticals, and polyurethane foam, has seen varying demand and supply dynamics in recent months.
Market Overview
Q1 of 2024 started with a steady…
Mono Methyl Aniline Market Size to Hit $2.7 Billion by 2028 | Mono Methyl Anilin …
Market Overview:
According to our experience research team, Mono Methyl Aniline Market was valued at USD 2.5 Billion in 2021, and the global Mono Methyl Aniline industry is projected to reach a value of USD 2.7 Billion by 2028, at a CAGR of 1.1% during the forecast period 2022-2028
Vantage Market Research is a collection of market research studies on several industries, such as Chemicals, semiconductors & Electronics, Food & Beverages Technology,…
