Aniline Market Size (2024 - 2029)

The aniline market is anticipated to experience growth over the forecast period, driven by the rising demand for MDI in various applications such as coatings, adhesives, and sealants. Despite the negative impact of the COVID-19 pandemic, which disrupted supply chains and halted construction activities, the market is expected to recover. The health risks associated with methemoglobin pose a challenge to market expansion. However, advancements in biomass-based aniline production present potential opportunities. The Asia-Pacific region leads in market share and is projected to grow at a significant rate.

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Market Size of Aniline Industry

Aniline Market Summary
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

Aniline Market 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 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
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa
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Aniline Market Size Summary

The aniline market is poised for significant growth, driven primarily by the increasing demand for methylene diphenyl diisocyanate (MDI) in various industries such as coatings, adhesives, and sealants. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted supply chains and halted construction activities, the market is expected to recover and expand. The Asia-Pacific region, particularly countries like China, India, and Indonesia, plays a pivotal role in this growth due to its burgeoning construction and automotive sectors. The region's dominance is further bolstered by its status as a major hub for polyurethane production and automotive manufacturing, which are key consumers of aniline-based products.

The market landscape is characterized by a few major players, including BASF SE, Huntsman Corporation LLC, and Covestro AG, who are actively expanding their production capabilities to meet the rising demand. Innovations in producing aniline from biomass present new opportunities for market expansion, although health concerns related to methemoglobin pose potential challenges. The construction industry's growth, particularly in Asia-Pacific, is expected to positively influence the aniline market, as the demand for rigid polyurethane foams in building applications continues to rise.

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Aniline Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for MDI in Coatings, Adhesives, and Sealants Industry

      2. 1.1.2 Rising Demand from the Polyurethane Industry

    2. 1.2 Restraints

      1. 1.2.1 Detrimental Effects of Methemoglobin on Health

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Feedstock Analysis

    6. 1.6 Production Process

    7. 1.7 Trade Analysis

    8. 1.8 Regulatory Policy Analysis

    9. 1.9 Price Trend Analysis

  2. 2. MARKET SEGMENTATION(Market Size in Volume)

    1. 2.1 Application

      1. 2.1.1 Methylene Diphenyl Diisocyanate (MDI)

      2. 2.1.2 Rubber-processing Chemicals

      3. 2.1.3 Agricultural Chemicals

      4. 2.1.4 Dyes and Pigments

      5. 2.1.5 Specialty Fibers

      6. 2.1.6 Other Applications

    2. 2.2 End-user Industry

      1. 2.2.1 Building and Construction

      2. 2.2.2 Rubber

      3. 2.2.3 Consumer Goods

      4. 2.2.4 Automotive

      5. 2.2.5 Packaging

      6. 2.2.6 Agriculture

      7. 2.2.7 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 South Africa

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 Rest of Middle East and Africa

Aniline Market Size FAQs

The Aniline Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

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.

Aniline Market Report Snapshots

Aniline Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)