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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).

The aniline market is consolidated in nature, with the top 5 key players holding around 60% of the 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. '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'

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.

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.

Globally, North-America is expected to lead the 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.

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Global Aniline Market

Product ID: SQMIG15A2138