Aniline Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Aniline Market Analysis
The aniline market is projected to register a CAGR of over 5% during the forecast period.
The market was negatively impacted by the COVID-19 outbreak in 2020 when supply was disrupted due to a worldwide lockdown. Furthermore, all construction and other activities were put on hold to curb the spreading of the virus, thus, negatively affecting the market. However, the market is expected to recover by 2023.
- The major factor driving the market is the increasing demand for MDI in coatings, adhesives, sealants, and other industries.
- However, the detrimental effect of methemoglobin on health is a key factor anticipated to restrain the growth of the target industry over the forecast period.
- Innovation in producing aniline from biomass is expected to act as an opportunity for the market in the future.
- Asia-Pacific dominated the market studied with about 50% share and is expected to witness the highest CAGR.
Aniline Market Trends
Growing Demand from the Building and Construction Sector
- Aniline-based methylene diphenyl diisocyanate (MDI) is crucial for the building and construction industry. It is an important chemical used to produce rigid polyurethanes as an insulating material.
- The insulating quality of rigid polyurethane foam is high, enabling builders to make walls thinner, keeping the insulating properties intact and roof profiles lower, and creating more space for the inhabitants.
- According to the United States Census Bureau, construction spending in the United States has increased from USD 1,469.2 billion in 2020 to USD 1,590.4 billion in 2021.
- Thailand is one of the largest tourist hubs and has been witnessing huge investments in expanding and constructing malls, luxury hotels, etc. For instance, Central Pattana PCL, Thailand's largest mall operator, was likely to invest USD 722.97 million, including for store renovations, by 2022.
- According to the National Statistical Office (Thailand), a total number of 280.72 thousand were permitted in 2021 and witnessed a growth compared to 273.14 in 2020.
- The growing construction industry in other Asian economies such as China, India and Indonesia is also driving the market studied.
- All the aforementioned factors are increasing the construction output, which, in turn, is expected to have a positive impact on the aniline market during the forecast period.
Asia-Pacific to Dominate the Market
- The Asia-Pacific region dominates the global market due to the region's growing construction and automotive industry. The demand is expected to be generated from developing nations like China, India, and Indonesia.
- In the Asia-Pacific region, China is the largest producer and consumer of polyurethane products. According to the National Bureau of Statistics of China, construction spending in China has increased from CNY 7,244.5 billion (USD 1036 billion) in 2020 to CNY 8,013.8 billion (USD 1146.5 billion) in 2021.
- Also, the region is the largest automotive manufacturing hub and has one of the largest agricultural land areas. Hence, the requirement for rubber tires, insecticides, pesticides, and fertilizers is likely to drive the demand for aniline in the countries like China, India, and Japan.
- According to OICA, in India, the total number of vehicles produced in 2021 was 25,225,242 units and witnessed a growth rate of 30% compared to 2020.
- As per the Ministry of Economy, Trade, and Industry (METI), the production volume of rubber tires for passenger cars in Japan reached 100.33 million pieces in 2021 and witnessed a growth rate of 12.69% compared to 89.02 million pieces in 2020.
Aniline Industry Overview
The aniline market is consolidated in nature. The major players include BASF SE, Huntsman Corporation LLC, Covestro AG, Jilin Connell Chemical Industry Co. Ltd, and Wanhua Chemical Group Co. Ltd, among others.
Aniline Market Leaders
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BASF SE
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Huntsman International LLC.
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Covestro AG
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Wanhua Chemical Group Co.,Ltd.
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Jilin Connell Chemical Industry Co. Ltd
*Disclaimer: Major Players sorted in no particular order
Aniline Market News
- October 2022: Covestro announced the construction of its new production facility with an investment of more than USD 300 million to manufacture aniline in Antwerp, Belgium. The expansion strengthens its European production network for the foam component MDI.
Aniline Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand for MDI in Coatings, Adhesives, and Sealants Industry
- 4.1.2 Rising Demand from the Polyurethane Industry
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4.2 Restraints
- 4.2.1 Detrimental Effects of Methemoglobin on Health
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
- 4.5 Feedstock Analysis
- 4.6 Production Process
- 4.7 Trade Analysis
- 4.8 Regulatory Policy Analysis
- 4.9 Price Trend Analysis
5. MARKET SEGMENTATION(Market Size in Volume)
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5.1 Application
- 5.1.1 Methylene Diphenyl Diisocyanate (MDI)
- 5.1.2 Rubber-processing Chemicals
- 5.1.3 Agricultural Chemicals
- 5.1.4 Dyes and Pigments
- 5.1.5 Specialty Fibers
- 5.1.6 Other Applications
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5.2 End-user Industry
- 5.2.1 Building and Construction
- 5.2.2 Rubber
- 5.2.3 Consumer Goods
- 5.2.4 Automotive
- 5.2.5 Packaging
- 5.2.6 Agriculture
- 5.2.7 Other End-user Industries
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 South Africa
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 BASF SE
- 6.4.2 Covestro AG
- 6.4.3 Dow
- 6.4.4 Huntsman International LLC
- 6.4.5 GNFC
- 6.4.6 SNEI
- 6.4.7 Wanhua Chemical Group Co. Ltd.
- 6.4.8 Tosoh Corporation
- 6.4.9 Sumitomo Chemical Co. Ltd.
- 6.4.10 SP Chemicals Holdings Ltd.
- 6.4.11 BONDALTI
- 6.4.12 Jilin Connell Chemical Industry Co. Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Innovation in Production of Aniline from Biomass
- 7.2 Other MARKET OPPORTUNITIES AND FUTURE TRENDS
Aniline Industry Segmentation
Aniline is a chemical substance that contains carbon and phenyl rings attached to a complex substance consisting of one or more hydrogen and a lone pair. Aniline is a kind of polymer that has rich redox and acid-base properties. The aniline market is segmented by application, end-user industry, and geography. By application, the market is segmented into methylene diphenyl diisocyanate (MDI), rubber processing chemicals, agriculture chemicals, dye and pigments, specialty fibers, and other applications. By end-user industry, the market is segmented into building and construction, rubber, consumer goods, automotive, packaging, agriculture, and other end-user industries. The report also covers the size and forecasts for the market in 15 countries across major regions. The report offers size and forecasts for the abovementioned segments in volume (kilo metric tons).
| Application | Methylene Diphenyl Diisocyanate (MDI) | |
| Rubber-processing Chemicals | ||
| Agricultural Chemicals | ||
| Dyes and Pigments | ||
| Specialty Fibers | ||
| Other Applications | ||
| End-user Industry | Building and Construction | |
| Rubber | ||
| Consumer Goods | ||
| Automotive | ||
| Packaging | ||
| Agriculture | ||
| Other End-user Industries | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle East and Africa |
Aniline Market Research FAQs
What is the current Aniline Market size?
The Aniline Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Aniline Market?
BASF SE, Huntsman International LLC., Covestro AG, Wanhua Chemical Group Co.,Ltd. and Jilin Connell Chemical Industry Co. Ltd are the major companies operating in the Aniline Market.
Which is the fastest growing region in Aniline Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aniline Market?
In 2024, the Asia-Pacific accounts for the largest market share in Aniline Market.
What years does this Aniline Market cover?
The report covers the Aniline Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aniline Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aniline Industry Report
Statistics for the 2024 Aniline market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aniline analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
