Aniline Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Aniline Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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.

Aniline (C6H5NH2), also known as phenylamine, is an organic compound with a phenyl group attached to an amino group. It is an oily and colorless or slightly yellow-colored flammable liquid with an unpleasant odor. It is prepared by the catalytic hydrogenation of nitrobenzene and is highly soluble in chemicals, such as ether and alcohol, and slightly soluble in water. Besides this, it slowly resinifies and quickly oxidizes in the air. As a result, aniline is extensively used in manufacturing various products, such as synthetic dyes, drugs, explosives, plastics, explosives, antioxidants, photographic and rubber chemicals, and stabilizers for the rubber industry. At present, it finds extensive applications in the pharmaceutical industry to formulate medications, including paracetamol, Tylenol, and acetaminophen.

Aniline Market Trends:
The increasing construction activities of residential and commercial buildings on account of the growing global population represents one of the key factors positively influencing market growth. This can be attributed to the growing use of methylene diphenyl diisocyanate (MDI) obtained from aniline in producing numerous insulation materials and sealants for infrastructure. In addition, the escalating demand for consumer goods and electronic devices is offering lucrative growth opportunities to manufacturers. Apart from this, rapid urbanization and the increasing use of aniline as an anti-knock additive and solvent in improving gasoline are creating a positive market outlook. Furthermore, the widespread adoption of aniline in formulating rubber processing chemicals, along with the rising demand for premium furnishings and automotive interiors, is anticipated to propel market growth in the coming years

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global aniline market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on technology, application, and end-use industry.

Breakup by Technology:

Vapour-Phase Process
Liquid-Phase Process.

Based on technology, the market has been segmented into vapour phase process and liquid phase process.

Breakup by Application:

Methylene Diphenyl Diisocyanate (MDI)
Others.

Methylene diphenyl diisocyanate (MDI) represents the leading application segment as it is extensively used in producing rigid polyurethane foams, which are used for home and refrigerator insulation. In addition, insulation made with MDI consumes minimal power and supports energy conservation.

Breakup by End-Use Industry:

Insulation
Rubber Products
Consumer Goods
Transportation
Packaging
Agriculture
Others

Insulation currently accounts for the majority of the market share due to the increasing construction activities of residential and commercial buildings and the escalating demand for electronic goods across the globe.

Regional Insights:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Asia Pacific exhibits a clear dominance in the market due to the rising construction, renovation, and remodeling activities of buildings and the expanding use of aniline across various industries in the region.

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being 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 and Tosoh Corporation.

This report provides a deep insight into the global aniline market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the aniline industry in any manner.

Key Questions Answered in This Report
1. What was the size of the global aniline market in 2022?
2. What is the expected growth rate of the global aniline market during 2023-2028?
3. What are the key factors driving the global aniline market?
4. What has been the impact of COVID-19 on the global aniline market?
5. What is the breakup of the global aniline market based on the application?
6. What is the breakup of the global aniline market based on the end-use industry?
7. What are the key regions in the global aniline market?
8. Who are the key players/companies in the global aniline market?