Aniline Market Outlook 2025: Top Companies, Trends and Growth Factors Details for Business Development
Global
Aniline
Market is expected to grow at a significant CAGR in the upcoming
years as the scope and its applications are rising enormously across the globe.
Aniline is also termed as phenylamine, or amino benzene, or benzenamine, or
aminophen is an organic chemical compound with molecular formula C6H7N or
C6H5NH2. It is a primary aromatic amine. An oily and colorless chemical can be
slowly oxidized and resinified in air to form impurities, giving it a red-brown
tint. It has a fishy and a musty odor and has a burning aromatic taste. It is
liquid at room temperature and is a highly acrid poison. It reacts with strong
acid to form salts containing anilinium ion. Also, form amides after reaction
with acyl halides.
The
factors that are playing a major role in the growth of Aniline Market are high
demand for aniline for the production of methylene diphenyl diisocyanate (MDI)
and high demand for polyurethane rigid foams. In addition, high demand for
polyurethane (PU) insulation in end-use industries like plastic, construction,
and automotive industries is another factor boosting overall market growth. On
the other hand, supply gap and fluctuations in benzene prices are the factors
restraining overall market growth.
Aniline
Market is segmented based on product types, applications, end-use industry, and
region. Product types such as Industrial Grades, Reagent Grade, Pharmaceutical
Grade, and others classify the market. Applications into Automotive Interiors,
Insulation, Automotive and Residential Furnishings, Consumer Goods, MDI (Rubber
processing pigments, dyes, and chemicals) and others classify Aniline industry.
MDI segment accounts for the largest market share of this industry and is
estimated to lead the overall market in the years to come.
End-use
industries such as Automotive and Construction Industry, Pharmaceutical
Industry, Rubber Industry, Agricultural Industry, and others classify Aniline
industry. This market is segmented geographically into Americas (North America,
Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin
America, Middle East and Africa.
Globally,
Asia Pacific accounts for the largest market share of Aniline Market and is
estimated to lead the overall market growth in the years to come. The reason
being, rising automotive and infrastructure industries and expansion of key
manufacturers in the developing countries. The developing countries like India,
Korea, China, and Korea are the major consumers of Aniline industry in this
region.
North
America is estimated to grow at a moderate rate in the years to come, as rising
demand from textile, pharmaceuticals, and packaging industries. On the other
hand, Middle East is estimated to grow at fastest pace in the upcoming years,
due to the rise in infrastructure and economic growth. The key players of
Aniline Market are Sumitomo Chemical, Bayer, The Chemours Company, Tianji,
BASF, Huntsman, and Tosoh. These players are concentrating on inorganic growth
to sustain themselves amongst fierce competition. As such, mergers,
acquisitions, and joint ventures are the need of the hour.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Aniline in these regions, from 2013 to 2025 (forecast),
covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Aniline market competition by top
manufacturers, with production, price, revenue (value) and market share for
each manufacturer; the top players including
•
Bayer
•
Tianji
•
Huntsman
•
Tosoh
•
BASF
•
The Chemours Company
•
Sumitomo Chemical
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