Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
The global aniline is expected to witness a CAGR of approximately 5.1% during the forecast period, 2018-2023. The major factor driving the market is the increasing demand from MDI in the coatings, adhesives and sealants, and polyurethane industries.
Increasing Demand from Polyurethanes
Aniline is heavily required for MDI production, which is further required for PU foam production. There has been a constantly increasing demand for rigid and flexible polyurethane foam due to its insulation properties, from various end-user industries which include the automotive and construction sector.
With the consistently growing automotive industry, and booming construction sector in developing nations, such as China, India, and Indonesia are expected to drive the market for aniline during the forecast period.
MDI Dominates the Market
MDI is expected to witness the highest demand and fastest growth during this forecast period. This is because, aniline is heavily required for MDI, which is used in the production of polyurethane foam. There has been an increase in the demand for polyurethane foam from various end-user industries, including construction, consumer goods, and the automotive sectors. MDI is primarily used in production of rigid polyurethane foams, which are used as insulating materials in homes, refrigerators etc. Insulating foams made by MDI can help consumer save their heating and cooling costs. The building industry is by far the largest consumer for rigid and spray polyurethane foam. With the increasing number of building codes that promote energy-efficient structures, home builders and consumers are gradually preferring building strategies that deliver performance and save energy in the long run.
Asia-Pacific is the Dominating Region
Asia-Pacific is expected to witness the highest demand for aniline during the forecast period. This is due to the growing construction and automotive industry in the region. The demand is majorly expected to rise form the developing nations, such as China, India, and Indonesia. In the Asia-Pacific region, China is the world's largest producer and consumer of polyurethane products. The demand in China for polyurethane products account for about 45% of the global demand, and is expected to maintain a growth rate of around 10% over the next two years, with the share in global demand for polyurethane products increasing to 55% in 2017. Polyurethanes are widely used in car manufacturing as they offer benefits in terms of comfort, protection, and energy conservation. The aforementioned factors are expected to have a significant impact on the growth of the market.
North America is expected to witness the second highest demand during the forecast period.
Key Developments in the Market
February 2018: Covestro introduced a method to produce plant-based aniline.
Major Players: BASF SE, DowDuPont, Huntsman Corporation, Sinopec, and Mitsubishi Chemical Corporation among others.
Reason to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating process type and filler used in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Increasing Demand from Polyurethanes
Aniline is heavily required for MDI production, which is further required for PU foam production. There has been a constantly increasing demand for rigid and flexible polyurethane foam due to its insulation properties, from various end-user industries which include the automotive and construction sector.
With the consistently growing automotive industry, and booming construction sector in developing nations, such as China, India, and Indonesia are expected to drive the market for aniline during the forecast period.
MDI Dominates the Market
MDI is expected to witness the highest demand and fastest growth during this forecast period. This is because, aniline is heavily required for MDI, which is used in the production of polyurethane foam. There has been an increase in the demand for polyurethane foam from various end-user industries, including construction, consumer goods, and the automotive sectors. MDI is primarily used in production of rigid polyurethane foams, which are used as insulating materials in homes, refrigerators etc. Insulating foams made by MDI can help consumer save their heating and cooling costs. The building industry is by far the largest consumer for rigid and spray polyurethane foam. With the increasing number of building codes that promote energy-efficient structures, home builders and consumers are gradually preferring building strategies that deliver performance and save energy in the long run.
Asia-Pacific is the Dominating Region
Asia-Pacific is expected to witness the highest demand for aniline during the forecast period. This is due to the growing construction and automotive industry in the region. The demand is majorly expected to rise form the developing nations, such as China, India, and Indonesia. In the Asia-Pacific region, China is the world's largest producer and consumer of polyurethane products. The demand in China for polyurethane products account for about 45% of the global demand, and is expected to maintain a growth rate of around 10% over the next two years, with the share in global demand for polyurethane products increasing to 55% in 2017. Polyurethanes are widely used in car manufacturing as they offer benefits in terms of comfort, protection, and energy conservation. The aforementioned factors are expected to have a significant impact on the growth of the market.
North America is expected to witness the second highest demand during the forecast period.
Key Developments in the Market
February 2018: Covestro introduced a method to produce plant-based aniline.
Major Players: BASF SE, DowDuPont, Huntsman Corporation, Sinopec, and Mitsubishi Chemical Corporation among others.
Reason to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating process type and filler used in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
