Aniline Market To Witness Enhanced Applications In Dyes, Drugs and Resin Industries Till 2022 | Million Insights

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According to new report available with Million Insights, the factors that are playing a major role in the growth of Aniline Market are high demand for aniline for the production of methylene diphenyl diisocyanate (MDI) and high demand for polyurethane rigid foams.

Global Aniline Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Aniline is also termed as phenylamine, or amino benzene, or benzenamine, or aminophen is an organic chemical compound with molecular formula C6H7N or C6H5NH2. It is a primary aromatic amine. An oily and colorless chemical can be slowly oxidized and resinified in air to form impurities, giving it a red-brown tint. It has a fishy and a musty odor and has a burning aromatic taste. It is liquid at room temperature and is a highly acrid poison. It reacts with strong acid to form salts containing anilinium ion. Also, form amides after reaction with acyl halides.

The factors that are playing a major role in the growth of Aniline Market are high demand for aniline for the production of methylene diphenyl diisocyanate (MDI) and high demand for polyurethane rigid foams. In addition, high demand for polyurethane (PU) insulation in end-use industries like plastic, construction, and automotive industries is another factor boosting overall market growth. On the other hand, supply gap and fluctuations in benzene prices are the factors restraining overall market growth.

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Aniline Market is segmented based on product types, applications, end-use industry, and region. Product types such as Industrial Grades, Reagent Grade, Pharmaceutical Grade, and others classify the market. Applications into Automotive Interiors, Insulation, Automotive and Residential Furnishings, Consumer Goods, MDI (Rubber processing pigments, dyes, and chemicals) and others classify Aniline industry. MDI segment accounts for the largest market share of this industry and is estimated to lead the overall market in the years to come.

End-use industries such as Automotive and Construction Industry, Pharmaceutical Industry, Rubber Industry, Agricultural Industry, and others classify Aniline industry. This market is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

Globally, Asia Pacific accounts for the largest market share of Aniline Market and is estimated to lead the overall market growth in the years to come. The reason being, rising automotive and infrastructure industries and expansion of key manufacturers in the developing countries. The developing countries like India, Korea, China, and Korea are the major consumers of Aniline industry in this region.

North America is estimated to grow at a moderate rate in the years to come, as rising demand from textile, pharmaceuticals, and packaging industries. On the other hand, Middle East is estimated to grow at fastest pace in the upcoming years, due to the rise in infrastructure and economic growth. The key players of Aniline Market are Sumitomo Chemical, Bayer, The Chemours Company, Tianji, BASF, Huntsman, and Tosoh. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Aniline in these regions, from 2012 to 2022 (forecast), covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India

Global Aniline market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Bayer
• Tianji
• Huntsman
• Tosoh
• BASF
• The Chemours Company
• Sumitomo Chemical

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Reagent grade
• Pharmaceutical Grade
• Industrial grade
• Other

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Aniline for each application, including
• Dyes
• Drugs
• Resins
• Rubber vulcanization accelerator
• Other

Related Reports of this Category available at Million Insights: 
https://www.millioninsights.com/industry/chemicals

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