February 18, 2025
Aniline market

Surging Demand from Construction and Automotive Industries to Boost Aniline Market Growth

The Aniline Market is estimated to be valued at US$ 9.4 Million Tons in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The aniline market comprises of products that are widely used in the production of rubbers, dyes, drugs and other chemical intermediates. Key end use industries include construction, automotive and textiles.

Market Dynamics:

Rising infrastructure development activities in emerging economies are fueling the demand for construction materials like cement, where aniline finds application as a curing agent. Similarly, steady growth of the global automotive industry is propelling the need for synthetic rubber and plastics in vehicle manufacturing, providing a fillip to the aniline market. A major driver has been growth in the building & construction industry in the Asia Pacific region on account of large scale urbanization and industrialization. Additionally, rapid economic development in China and India has increased disposable incomes, driving demand for durable consumer goods where aniline based polymers and chemistries find wide use.

Market Key Trends:

Aniline has witnessed increased demand from applications such as MDI, rubber processing chemicals, dyes & pigments, specialty chemicals and agricultural chemicals. MDI (methylene diphenyl diisocyanate) is a precursor for polyurethane rigid and flexible foams used in construction and automotive industries. MDI demand has been steadily rising on back of growth in construction and automotive sectors.

SWOT Analysis

Strengths: Presence of major players with global production facilities ensures steady supply.

Weaknesses: Volatility in crude oil prices directly impacts aniline prices. Stringent regulations regarding aniline emissions.

Opportunities: Growing automotive and construction industries increasing demand for MDI and polyurethane foams.

Threats: Availability of substitutes like toluene diisocyanate poses competition. Stringent environmental norms regarding aniline emissions.

Key Takeaways

The Global Aniline Market Size is expected to witness high growth, exhibiting CAGR of 5.2% over the forecast period, due to increasing demand from construction and automotive industries where MDI and polyurethane foams are used.

Regional analysis: Asia Pacific dominates the global aniline market and the trend is expected to continue during the forecast period. China accounts for over 40% of global aniline demand led by presence of large MDI producers. Other major markets include India, Japan, South Korea.

Key players: Key players operating in the Aniline market are BASF SE, Bayer Material Science LLC, E.I du Pont De Nemours and Company, Huntsman Corporation, Jilin Connell Chemical Industry Co., Ltd., SP Chemicals Holdings, Ltd., Sumitomo Chemical Co. Ltd., The Dow Chemical Company. These players account for over 70% of global aniline production capacity.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →