The demand within the global market for aniline has been escalating on account of the multiple applications of aniline across a wide array of industries. The manufacture of methylene diphenyl diisocyanate (MDI) involves the use of aniline, and the popularity of the former has boded well for the global aniline market in recent times. The pharmaceutical industry has exhibited astonishing growth over the past decade, and the industry has effectuated advanced manufacturing processes and research standards to go a level up in terms of performance. Hence, the use of aniline in the pharmaceutical industry has also paved way for the growth of the global market for aniline, and has opened new opportunities for market vendors. Industrialisation has become the watch word of this century as various sectors witness the deployment of advanced machinery and technologies in their frame of operation. Moreover, the demand for gasoline has reached new heights, especially across the emerging economies. Owing to the aforementioned factors, the demand within the global market for aniline is estimated to rise at a skyrocketing rate in the years to come.
A report by Transparency Market Research (TMR) finds that the global market for aniline accumulated revenues worth US$9.75 billion in 2013, and is expected to reach a total value of US$15.66 billion by the end of 2020. Several factors pertaining to the global market for aniline have been elucidated in the report by TMR.
Methyl Diphenyl Diisocyanate to Emerge as Key End-product
On the basis of end-use, the demand for aniline for the manufacture of methyl diphenyl diisocyanate (MDI) has been rising at a commendable. MDI has applications in several key sectors and industries inclusive of sealants, elastometers, coatings, and adhesives. Furthermore, the use of aniline for the manufacture of rubber has also gathered momentum in the rubber industry. Consumer goods are another key segment based on end-use that is projected to enhance the growth prospects of the global market for aniline. The automotive industry has been expanding at a healthy CAGR, and this trend shall reflect in the form of increased demand for aniline across the globe. The use of aniline in the agriculture sector and packaging industry also occupies a significant share of total demand. Photography, pulp and paper, and insulation are other industries where aniline is extensively used.
Presence of Aniline Plants in Asia Pacific to Increase Regional Demand
Asia Pacific is at the top of the regional table in terms of demand for aniline, majorly due to the commendable growth of the industrial sector in the region. Furthermore, several aniline plants have been commissioned in Asia Pacific, which has in turn propelled demand within the regional market. India and China are amongst the most attractive areas for investment in the chemicals industry, and this factor has played a vital role in the growth of the Asia Pacific Aniline market.
Some of the key players in the global market for aniline are Wanhua Chemical Group Co., Huntsman Corporation, Ltd., E. I. duPont de Nemours and Company, and Bayer MaterialScience LLC.
- Methylene diphenyl diisocyanate (MDI)
- Others (Including rubber processing chemicals, dyes & pigments, etc.)
- Rubber products
- Consumer goods
- Others (Including agriculture, pulp & paper, photography, etc.)
- North America
- Asia Pacific
- Rest of the World (RoW)