Global Aniline Market – Growth, Trends, and Forecasts (2017 - 2022)
Aniline is a valuable chemical feedstock primarily used in the manufacture of isocyanates, vulcanisation accelerators, fuel additives, and dyes, among other products. Increasing demand for MDI (methylene diphenyl diisocyanate) in coatings and adhesives and sealants industry, and the demand from the polyurethane industry are driving the market for aniline globally. However, the market faces certain drawbacks due to the detrimental effect of methemoglobin on health and environment which may act as a roadblock to the growth of the market.
In the report, the global aniline market is segmented by application, and end-use. By application, Methylene Diphenyl Diisocyanate (MDI) accounted for the largest market application for aniline in 2016. MDI, which is used in the manufacturing process of polyurethane foam, is experiencing a huge demand in construction, automotive, consumer goods, and various other industries, which in turn, will drive the market for aniline in MDI through 2022. In end-user industry, construction dominates the global aniline market because of the increasing use of aniline in insulation applications of construction industry which includes insulation in offices and homes. Insulation is done mainly for energy savings measure, which provides resistance to heat flow and reduces the heat loss in buildings.
Areas with Scope for Global Aniline Market
The market has been geographically segmented into Asia-Pacific, North America, Europe, South America and the Middle East & Africa. In 2016, Asia-Pacific was the leading consumer of the global aniline market. Increasing production capacity of MDI has played a great role in the production and consumption of aniline in the Asia-Pacific, primarily China. New application areas, such as in micro-electronics industry, are expected to offer numerous opportunities for the growth of the global aniline market.Notable Developments in the Market
In Jun 2017, Covestro, one of the leading supplier of high-tech polymers claimed that it achieved a breakthrough in aniline production by producing aniline from biomass.
In Mar 2016, The Chemours Company, a global chemistry company, completed the sale of its Beaumont aniline facility to The Dow Chemical Company.
Why Purchase the Global Aniline Market Report?
Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Know about: the latest regulations & policies of aniline market.
Analyzing various market perspectives with the help of Porter’s five forces analysis.
Which segment by application and by end user will dominate the market?
Which region or country will witness the fastest growth, and identification of regions that will remain untapped during the forecast period?
Identify the latest developments, market shares, and strategies employed by the major market players, such as:
Bayer Material Science LLC
The Chemours Company