Market Size of Aniline Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 5.00 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Aniline Market Analysis
The aniline market is projected to register a CAGR of over 5% during the forecast period.
The market was negatively impacted by the COVID-19 outbreak in 2020 when supply was disrupted due to a worldwide lockdown. Furthermore, all construction and other activities were put on hold to curb the spreading of the virus, thus, negatively affecting the market. However, the market is expected to recover by 2023.
- The major factor driving the market is the increasing demand for MDI in coatings, adhesives, sealants, and other industries.
- However, the detrimental effect of methemoglobin on health is a key factor anticipated to restrain the growth of the target industry over the forecast period.
- Innovation in producing aniline from biomass is expected to act as an opportunity for the market in the future.
- Asia-Pacific dominated the market studied with about 50% share and is expected to witness the highest CAGR.
Aniline Industry Segmentation
Aniline is a chemical substance that contains carbon and phenyl rings attached to a complex substance consisting of one or more hydrogen and a lone pair. Aniline is a kind of polymer that has rich redox and acid-base properties. The aniline market is segmented by application, end-user industry, and geography. By application, the market is segmented into methylene diphenyl diisocyanate (MDI), rubber processing chemicals, agriculture chemicals, dye and pigments, specialty fibers, and other applications. By end-user industry, the market is segmented into building and construction, rubber, consumer goods, automotive, packaging, agriculture, and other end-user industries. The report also covers the size and forecasts for the market in 15 countries across major regions. The report offers size and forecasts for the abovementioned segments in volume (kilo metric tons).
Application | |
Methylene Diphenyl Diisocyanate (MDI) | |
Rubber-processing Chemicals | |
Agricultural Chemicals | |
Dyes and Pigments | |
Specialty Fibers | |
Other Applications |
End-user Industry | |
Building and Construction | |
Rubber | |
Consumer Goods | |
Automotive | |
Packaging | |
Agriculture | |
Other End-user Industries |
Geography | |||||||
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Aniline Market Size Summary
The aniline market is poised for significant growth, driven primarily by the increasing demand for methylene diphenyl diisocyanate (MDI) in various industries such as coatings, adhesives, and sealants. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted supply chains and halted construction activities, the market is expected to recover and expand. The Asia-Pacific region, particularly countries like China, India, and Indonesia, plays a pivotal role in this growth due to its burgeoning construction and automotive sectors. The region's dominance is further bolstered by its status as a major hub for polyurethane production and automotive manufacturing, which are key consumers of aniline-based products.
The market landscape is characterized by a few major players, including BASF SE, Huntsman Corporation LLC, and Covestro AG, who are actively expanding their production capabilities to meet the rising demand. Innovations in producing aniline from biomass present new opportunities for market expansion, although health concerns related to methemoglobin pose potential challenges. The construction industry's growth, particularly in Asia-Pacific, is expected to positively influence the aniline market, as the demand for rigid polyurethane foams in building applications continues to rise.
Aniline Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for MDI in Coatings, Adhesives, and Sealants Industry
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1.1.2 Rising Demand from the Polyurethane Industry
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1.2 Restraints
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1.2.1 Detrimental Effects of Methemoglobin on Health
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Feedstock Analysis
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1.6 Production Process
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1.7 Trade Analysis
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1.8 Regulatory Policy Analysis
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1.9 Price Trend Analysis
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2. MARKET SEGMENTATION(Market Size in Volume)
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2.1 Application
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2.1.1 Methylene Diphenyl Diisocyanate (MDI)
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2.1.2 Rubber-processing Chemicals
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2.1.3 Agricultural Chemicals
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2.1.4 Dyes and Pigments
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2.1.5 Specialty Fibers
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2.1.6 Other Applications
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2.2 End-user Industry
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2.2.1 Building and Construction
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2.2.2 Rubber
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2.2.3 Consumer Goods
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2.2.4 Automotive
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2.2.5 Packaging
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2.2.6 Agriculture
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2.2.7 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East and Africa
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Aniline Market Size FAQs
What is the current Aniline Market size?
The Aniline Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Aniline Market?
BASF SE, Huntsman International LLC., Covestro AG, Wanhua Chemical Group Co.,Ltd. and Jilin Connell Chemical Industry Co. Ltd are the major companies operating in the Aniline Market.