Aniline Market to Grow at over 5.5% CAGR until 2027

The global aniline market size reached a volume of 8.93 Million Tons in 2021. Looking forward, the market expects to reach 12.47 Million Tons by 2027, exhibiting at a CAGR of 5.5% during 2022-2027., according to latest report by IMARC Group.

Aniline is an organic compound belonging to the class of aromatic amines. With the chemical formula C6H5NH2, the compound is prepared by the catalytic hydrogenation of nitrobenzene. It is characterized by a clear to slightly yellow color with an unpleasant odor. Highly toxic in nature, it is a weak organic base that forms salts with mineral acids. It is slightly soluble in water but freely soluble in chemicals, including alcohols and ethers. It is widely utilized across various industry verticals for the production of a wide range of products, such as dyes, drugs, explosives, plastics, and photographic chemicals, rubber chemicals, agricultural chemicals, synthetic dyes, antioxidants, stabilizers for the rubber industry, herbicides, varnishes and explosives.

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Global Aniline Market Trends:

Extensive application of aniline across various industries across the globe is one of the key factors driving the market growth. For instance, aniline is utilized to produce polyurethane (PU) rigid foams, which are widely used in the construction industry. Moreover, methylene diphenyl diisocyanate (MDI) is obtained from aniline, which is utilized in the production of various products, such as elastomers, adhesives, sealants, case coating and furnishings, which are used across numerous industries. The thriving pharmaceutical industry is also creating a positive outlook for the market. Enhanced research and development (R&D) and technological advancements have now enabled the extraction of aniline from biomass. Owing to rising environmental consciousness, there is an increasing inclination toward the usage of biomass-based products, which, in turn, is contributing to the market growth.

Competitive Landscape

The competitive landscape of the market has also been analyzed in the report with some of the key players being: BASF SE (BASFY), BAYER AG (BAYRY), BorsodChem MCHZ, Ltd., DuPont de Nemours, Inc. (DD), First Chemical Corporation, Jilin Connell Chemical Industry Co., Ltd., Hindustan Organics Chemicals Limited, Huntsman Corporation (HUN),MITSUBISHI CHEMICAL HOLDINGS CO (MTLHY), MITSUI CHEMICALS INC (MITUY), Narmada Chematur Petrochemicals Limited, PetroChina Company Limited (PTR), Sabic, Sp Chemicals Holdings Ltd., Sumitomo Chemical, Sumika Bayer Urethane Co., Ltd., The Dow Chemical Company and Tosoh Corporation.

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COVID-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Insights on Market Segmentation:

Market Breakup by Technology

1. Vapour-Phase Process

2. Liquid-Phase Process

On the basis of the technology, the market has been bifurcated into vapor-phase and liquid-phase processes.

Market Breakup by Application

1. Methylene Diphenyl Diisocyanate (MDI)

2. Others

Based on the application, methylene diphenyl diisocyanate (MDI) represents the leading segment in the market.

Market Breakup by End-Use Industry

1. Insulation

2. Rubber Products

3. Consumer Goods

4. Transportation

5. Packaging

6. Agriculture

7. Others

On the basis of the end use, the market has been divided into insulation, rubber products, consumer goods, transportation, packaging and agriculture. Among these, insulation exhibits a clear dominance in the market.

Market Breakup by Region

1. Asia Pacific

2. Europe

3. North America

4. Middle East and Africa

5. Latin America

Region-wise, Asia Pacific holds the leading position in the market. Other major regions include Europe, North America, Middle East and Africa, and Latin America.

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