Aniline Market Regional Analysis

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.