Global Aniline Market is Estimated to Account for US$ 25,070.05 Mn by End of 2027, Says Coherent Market Insights (CMI)

Aniline belongs to the class of aromatic chemicals. The formula C₆H₄, or simply aniline, is made from an amino acid (histidine) and a non-amino acid (yrachidonine). The reaction of the first reaction produces a methyl group from a l-histidine molecule. This chemical can be further broken down into other compounds, and when this process occurs in the lab, other amines are called in. Aniline has been successfully used to produce dye for leather products. Because the coloring agent has low solubility to water, it is often added in small amounts to other dyes. Aniline dyes are not suitable for use in the dye for hair or skin, as their solubility prevents them from absorbing dye. Because of this feature, they have been effectively used in dye test bottles for determining the presence of hazardous chemicals in cosmetics, pharmaceuticals, and food.

The global aniline market is estimated to account for US$ 25,070.05 Mn in terms of value by the end of 2027, witnessing a CAGR of 7.0%.

Market Drivers:

Increasing demand for aniline from the rubber processing chemicals industry is driving the growth of the aniline market. These chemicals are used in processing latex as they are helpful in improving durability, add strength, robustness to latex, and enhance elasticity. Moreover, the growing use of other chemicals such as antidegradants, stabilizers, antioxidants, and antiozonants is further anticipated to propel the growth of the aniline over the forecast time period.

The growing application of aniline in coatings and textile industry is augmenting the growth of the aniline market. Aniline is also used as a gasoline antiknock and solvent which is again bolstering the growth of the market. The market is also expected to witness growth on the account of rapid growth in the textile industry. According to the India Brand Equity Foundation, India’s textiles industry contributed 7% to the industry output (by value) in 2018-19. The Indian textiles and apparel industry contributed 2% to the GDP, 12% to export earnings, and held 5% of the global trade in textiles and apparel in 2018-19.

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Market Opportunities:

The increasing focus of key players to develop bio-based aniline due to growing environmental concerns is projected to offer potential growth opportunities to the market in the near future. For instance, in September 2017, Covestro has developed a 100% bio-based aniline using biomass feedstock. Covestro (formerly Bayer MaterialScience) has been very active in the development of bio-based materials and chemical intermediates.

Rapid growth in the automotive industry across the Asia Pacific region is creating demand for rubber products. This is expected to bring bright market opportunities for the players. According to the India Brand Equity Foundation, domestic automobile production increased at 2.36% CAGR between FY16-20 with 26.36 million vehicles being manufactured in the country in FY20. Overall, domestic automobile sales increased at 1.29% CAGR between FY16-FY20 with 21.55 million vehicles being sold in FY20. Thus, such growth in the automotive industry is favoring the growth of the aniline market.

Market Trends

A growing number of distributing partnerships and agreements among key players for business expansion is a rising trend in the market. This will favor the growth of the aniline market. For instance, in November 2018, Tianji Group and Gemoil (Singapore) Pty Ltd has signed a processing trade project for 20,000 tons of aniline at the China International Import Expo in Shanghai.

Increasing preferences for home furnishing products due to the growing disposable income of the consumer is expected to be an emerging trend in the aniline market.

Competitive Landscape:

1. BASF SE
2. Bayer MaterialScience LLC
3. E. I. du Pont de Nemours and Company
4. Huntsman Corporation
5. Jilin Connell Chemical Industry Co., Ltd.
6. SP Chemicals Holdings, Ltd.
7. Sumitomo Chemical Co., Ltd.
8. The Dow Chemical Company

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Market segmentation:

Global Aniline Market, By Application:

• MDI
• Others

Global Aniline Market, By End- Uses:

• Insulation
• Rubber Products
• Consumer Goods
• Automotive
• Packaging
• Others

Global Aniline Market, By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.

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