The growing demand for PU insulation in the construction, automotive and plastic industries is expected to boost growth in the Aniline Market during the foreseen period. The volatility of prices in the MDIs is expected to impede growth in the global market.
Aniline Market Size and Growth Rate:
The Aniline market is expected to grow at a CAGR of 5.1% during the forecast period 2017-2021.
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Aniline Market Growth Drivers and Restraints:
It is expected that the increase in the penetration of aniline in pharmaceutical products will have a positive impact on the global market. The demand for aniline as an additive for solvents and gasoline is expected to increase due to the growing demand for gasoline and rapid industrialization, particularly in developing countries.
Geographical Presence of Aniline Market:
It is expected that the growth of the automotive industry in Brazil and the increase in construction spending in Mexico will increase the demand for aniline in the Latin American market. The North American aniline market is characterized by strong demand from the pharmaceutical, packaging and textile industries. As a result, it is expected that the region’s market will generate moderate growth rates during the forecast period.
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Key Players of Aniline Market:
Some of the leading market players of Aniline Market are Sumitomo Chemical, Wanhua Chemical, Rubicon (Huntsman), DuPont, Bayer, Huntsman ICI, BASF, Yantai Wanhua Polyurethane Co Ltd, Jinling Chemical Co, Dow Chemicals and others.
Aniline Market Segmentation
By Applications
- Methylene Diphenyl Diisocyanate (MDI)
- Rubber Processing Chemicals
- Dyes
- Pigments
By End User
- Insulation
- Rubber Products
- Consumer Goods
- Automotive
- Packaging
- Agriculture
- Pulp and Paper
- Photography
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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