Aniline Market to grow at a CAGR of 6.83% during 2017-2021: BASF, Bayer, Huntsman, Mitsubishi Chemical, and Sumitomo Chemical

MarketResearchNest.com adds “Global Aniline Market 2017-2021” new report to its research database. The report spread across 99 pages with table and figures in it.

Research analysts forecast the global aniline market to grow at a CAGR of 6.83% during the period 2017-2021.

About Aniline
Aniline is used as feedstock for polyurethanes. Aniline is also extensively used for manufacturing methylene diphenyl diisocyanate (MDI). MDI is used to manufacture flexible and rigid polyurethane (PU) foams, coatings, elastomers, adhesives, and sealants. Aniline is also an important ingredient used in rubber processing chemicals. The global aniline market is driven largely by the end-use industries. The increase in the demand for aniline in APAC and other developing countries are expected to dominate the global aniline market during the forecast period.

Covered in this report
The report covers the present scenario and the growth prospects of the global aniline market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Browse full table of contents and data tables at
https://www.marketresearchnest.com/global-aniline-market-2017-2021.html

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Aniline Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global aniline market: BASF, Bayer, Huntsman, Mitsubishi Chemical, and Sumitomo Chemical.

Other Prominent Vendors in the market are: Arrow Chemical Group, EMCO Dyestuff, GNFC, Hindustan Organic Chemicals, SHANDONGJINLING, Sinopec, Tosoh, and Wanhua Chemical Group.

Commenting on the report, an analyst from Research team said: “One trend in the market is increasing demand for aniline in the Middle East. The demand for aniline in the Middle East has grown considerably in the recent few years. The rise in the demand for aniline is attributed to the increase in infrastructure and economic growth in the Middle East. This trend is expected to continue during the forecast period as well.”

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According to the report, one driver in the market is increase in the demand for aniline for the production of MDI. The majority of the consumption of aniline is for MDI production, which accounted for more than 80% of the global aniline consumption in 2016. The MDI segment is a major application segment in the global aniline market. MDI is generally used as an intermediate to manufacture rigid and flexible polyurethane (PU) foams, coatings, elastomers, adhesives, and sealants. Rigid PU foams are used in the construction, transportation, and furniture industries. With the increase in the MDI production, the demand for aniline is expected to grow during the forecast period.

Further, the report states that one challenge in the market is demand-supply gap of aniline. The demand for aniline is affected by a gap in the supply of benzene, which is used for manufacturing aniline. The fluctuations in benzene prices in Europe has led to the frequent changes and gap in the demand-supply of aniline. In 2016, the total consumption of benzene for the production of aniline was 10% of the total volume. In Europe, benzene prices were recorded at $770-$850 per ton in the initial quarter of 2015. These prices increased to nearly $950-$1,100 per ton in the initial quarter of 2016. The fluctuations in the prices in Europe will have a negative impact on the demand and supply gap.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;

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