USD 10 billion
Aniline Market Size, Share, Growth Analysis, By Type(Salt, Sulfur), By Application(Dyes & Pigments, Rubber Chemical), By Industry Vertical(Building & Construction, Rubber) - Industry Forecast 2024-2031
Report ID:
SQMIG15A2138 |
Region:
Global |
Published Date: February, 2024
Pages:
250
|
Tables:
97 |
Figures:
76
Aniline Market Insights
Aniline Market size was valued at USD 10 billion in 2019 and is poised to grow from USD 10.7 billion in 2023 to USD 18.5 billion by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).
Increasing demand of aniline in various end-use industries as a raw material in the production of various types of products is likely to propel growth of the global aniline market. Rapid industrialization in developed and developing countries, increasing numbers of R&D in the petroleum industry are few other factors driving market growth.
Adoption of aniline by automobile manufacturers for the production of methylene diphenyl diisocyanate foams and increasing number of automotive sales across the globe is also expected to boost the growth of global aniline market. These foams are currently used between a vehicle engine for reducing noise pollution, and to provide a peaceful ride for their passengers.
During the forecast period, increasing demand for aniline in the building and construction industry is expected to drive market demand. Aniline, which is used to make MDI, is used to make polyurethane, a rigid foam with exceptional insulating properties that makes it suitable for walls and roofs in new residential construction as well as renovation of older structures. According to the United States Department of Energy, heating and cooling costs account for 56.0% of the energy consumed in the average American home, and the insulating properties of rigid polyurethane foam aid in cost savings while maintaining uniform temperature and noise levels.
US Aniline Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
n-methyl
Fastest Growth
n-methyl
Growth Rate
7% CAGR
Global Aniline Market ($ Bn)
Country Share for North America Region (%)
Global Aniline Market By Type ($ Bn)
Global Aniline Market By Type (%)
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Aniline Market Segmental Analysis
Global aniline market is segmented on the basis of type, application, industry vertical, and region. By type, the market is sub-segmented into salts, sulfur, n-methyl and others. By application, the market is categorized into dyes and pigments, methyl diphenyl, rubber chemical, pharmaceuticals, and others. By industry vertical, the market is segmented into Building & Construction, Rubber, Consumer Goods, Automotive, Packaging, Agriculture, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Aniline Market Analysis by Type
Aniline derivatives are being widely used across the world for various purposes depending on the derivative. In which n-methyl holds the majority share in the industry, due to their high use in the production of polyurethane, which is essential to manufacture plastics. With the continuously increasing demand for plastics in the medical industry to manufacture medical devices such as tubes, masks, bags and others, the global aniline market is expected to grow over the forecast period.
Aniline Market Analysis by Application
During the forecast period methyl diphenyl is projected to grow at a significant rate with the rising demand, MDI segment is having the highest market values in 2021. PU foams are getting much popular and widely accepted by automobile manufacturers, because they allow manufacturers to produce seats that can be easily assembled, disassembled, and can be recycled with high specifications over a wide range of firmness with lightweight. These are the main reasons which are expected to drive the demand in future.
Global Aniline Market By Type, 2023 (%)
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Aniline Market Regional Insights
Globally, North-America is expected to lead the global aniline market at a CAGR of 5.6% during the forecast period. Developed countries like the United States and Canada are major contributors to the aniline market growth in North-America. In the United States, the aniline market was worth about USD 2.9 billion in 2021.
Asia-Pacific region has the largest market value of USD 3.59 billion in the global aniline market. Rising construction investment in India and the rapid growth of China’s automotive sector are likely to boost the demand of aniline market in the Asia-Pacific region. China, the world’s second largest economy, is expected to reach a market value of USD 3.2 billion by 2028. Because of increasing people’s purchasing power and increased investments, India’s construction sector is rising at a faster rate. The Indian government promotes the building sector’s growth with the help of initiatives such as the “Housing for All” program, which was started in June 2015 and seeks to build 20 million homes and 30 million rural dwellings by 2022. The above reasons are likely to drive the aniline market in the Asia-pacific region over the forecast period.
Global Aniline Market By Region, 2024-2031
- Largest
- Fastest
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Aniline Market Dynamics
Aniline Market Drivers
Rise in Urbanization to Boost Market Growth for Aniline
- Growing demand for aniline from rubber chemical applications is estimated to augment the market growth. Rubber processing chemicals are typically used in the processing of latex as these chemicals enhance durability, improve elasticity, and add strength. Increasing use of aniline raft across coatings and textile industries is also projected to give a boost to the market growth. Aniline is also used in the pulp & paper and some other industries which also can be a factor driving the market growth.
- Owing to the rapid urbanization and rising usage of aniline as an anti-knock additive and solvent in the process of improvement of reformat gasoline, the demand for aniline is expected to witness strong growth in the coming years.
Aniline Market Restraints
Fluctuating Prices to Hamper Market Growth
- The fluctuation in the price of raw materials used in the production of aniline can slow down the production process. This can create a gap in the demand and supply of aniline which might hinder the growth of the global aniline market.
- Increasing awareness regarding environmental crises taking place with plastic production is hampering the demand for aniline from the plastic industry. This is expected to restrict the demand over the forecast period.
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Aniline Market Competitive Landscape
The global aniline market is consolidated in nature, with the top 5 key players holding around 60% of the global market including BASF, Bayer, Huntsman, Mitsubishi Chemical, and Sumitomo Chemical. These players have manufacturing and operational facilities across the world through strategic partnerships with different companies. Most of the players in the market deals with a very wide range of products to provide their consumers with a complete range of solutions.
Aniline Market Top Players Company Profiles
- BASF SE
- Huntsman Corporation
- Dow Chemical Company
- Sumitomo Chemical Co., Ltd.
- Covestro AG
- Mitsui Chemicals, Inc.
- Wanhua Chemical Group Co., Ltd.
- Evonik Industries AG
- Yantai Wanhua Polyurethanes Co., Ltd.
- Tosoh Corporation
- Sinopec Shanghai Petrochemical Company Limited
- GNFC Limited
- SP Chemicals Holdings Ltd.
- Bayer AG
- Akzo Nobel N.V.
- Jilin Connell Chemical Industry Co., Ltd.
- DuPont de Nemours, Inc.
- Celanese Corporation
- Gujarat Narmada Valley Fertilizers & Chemicals Limited
- Mitsubishi Chemical Corporation
Aniline Market Recent Developments
- In 2022, Central Pattana PCL, the biggest mall operator in Thailand, planned to invest USD 722.97 million, including money for remodeling stores. It It is one of the busiest tourist destinations and has seen significant investment in the development of shopping centers, five-star hotels, and other facilities.
Aniline Key Market Trends
- Increasing disposable income of the consumer is encouraging them to spend higher on home furnishing products, luxury products for high flexibility and others. This is another major trend across the world due to improving the standard of living of the consumers. It is used in the production of Flexible PU foams which is largely used to produce home furnishing products such as furniture, sofas, carpet, bedding, couches and many others.
- Covestro is developing the most sophisticated aniline production process. Covestro has introduced a method for producing aniline from water sugar biomass, which is a type of sustainable resource. In this process, water is biologically transformed to acid using micro-organism based catalysts, and chemical catalysts are subsequently used to produce aniline.
Aniline Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our business Information Services team that Collects, Collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global aniline market analysis, the market is expecting a strong growth during the forecast period owing to the rapid urbanization and increasing demand of aniline through several industries. Moreover, increasing popularity of methyl diphenyl diisocyanate (MDI) among automobile manufacturers due to the features like easily assembled, disassembled, recyclable and high flexibility is another key factor for the growth of the market in the coming years. In 2021, the global demand of MDI was around 8.23 million metric tons, an increase of 12% in comparison with the previous year and this demand is expected to have more growth throughout the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 10 billion |
| Market size value in 2031 | USD 18.5 billion |
| Growth Rate | 7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aniline Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aniline Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aniline Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aniline Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aniline Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aniline Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Aniline Market Report Snapshots
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