Aniline Market - Forecast(2024 - 2030)

Aniline Market size is forecast to reach $9.9 Billion by 2023, after growing at a CAGR of 5.3% during 2024-2030. The increasing demand of aniline in the automotive industry is expected to drive the market demand in the forecast period. Aniline is used in the production of MDI, which in turn, is consumed to produce polyurethane (PU) foams, which finds application in the automotive industry owing to its several beneficial properties, such as durability, lightweight, and better resistance to heat and noise. The utilization of PU foams is gaining traction in the automotive sector, with a focus on enhancing passenger comfort. For instance, these foams are strategically placed between a vehicle's engine and engine cover to reduce noise, ensuring a quieter ride for passengers. Additionally, the lightweight nature of PU foams contributes to increased fuel efficiency in vehicles. Acetanilide, synthesized from Aniline, serves various purposes, including acting as an inhibitor in hydrogen peroxide decomposition and stabilizing cellulose ester varnishes. Manufacturers and end-use verticals place significant consideration on factors such as Ethanol SDS, Ethanol MSDS, acetanilide melting point, Benzoic Acid hazards, NaOH MSDS, HCl SDS, and Acetic anhydride density. Aniline color, Aniline structure, Aniline hazards, Aniline density, and Aniline solubility are also crucial constituents in this market. The growing demand for aniline in the building and construction industry is anticipated to propel market growth in the forecast period. Aniline, used in the production of MDI, is integral in manufacturing polyurethane, specifically Rigid Foam. This foam exhibits exceptional insulating properties, making it well-suited for walls and roofs in both new residential construction and the renovation of older structures. According to the U.S. Department of Energy, heating and cooling constitute 56.0% of the energy consumed in the average American home, highlighting the importance of rigid foam's insulating properties.

The report: “Aniline Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Barium Sulphate Industry. Market.

By Technology: Vapour-Phase Process and Liquid-Phase Process.

By Application: Methylene Diphenyl Diisocyanate (MDI), Rubber-Processing Chemicals, Agricultural Chemicals, Dyes and Pigments, Specialty Fibers and Others.

By End-use Industry: Building & Construction (Residential, Commercial, Industrial, Infrastructure), Electrical & Electronics, Textile & Apparel, Automotive (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicle), Packaging, Agriculture and Others. 

By Geography:  North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (the Middle East and Africa).

• The Asia-Pacific region dominates the Aniline market owing to the rising growth in the building and construction industry. For instance, according to Invest India, by 2025, the building and construction industry is estimated to reach US$1.4 trillion.

• Rapidly rising demand for Aniline in the automotive industry for automotive interiors, such as aniline leather covers for car seats has driven the growth of the aniline market.

• The increasing demand for Aniline in the electrical & electronics sector, due to its usage in the manufacturing of insulation materials such as insulated wires and electronic consumer goods, has been a critical factor driving the growth of the aniline market in the upcoming years.

• However, the health and environmental issues associated with aniline can hinder the growth of the aniline market.

The building & construction industry held the largest Aniline Market share in 2023 and is estimated to grow at a CAGR of 8.6 % during the forecast period 2024-2030. In the building & construction industry, aniline is an important chemical utilized in manufacturing rigid polyurethanes that are applied as an insulating material. Aniline-based methylene diphenyl diisocyanate (MDI) plays a crucial role in the building and construction sector, serving as a vital chemical for the production of rigid polyurethanes utilized as insulating materials. The high insulating efficiency of rigid polyurethane foam allows builders to design thinner walls while maintaining excellent insulation properties. This, in turn, facilitates the creation of lower roof profiles, optimizing space for inhabitants. In Thailand, a major tourist hub experiencing substantial investments in infrastructure, including the expansion and construction of malls and luxury hotels, the significance of MDI in the building industry is pronounced. Notably, Central Pattana PCL, Thailand's largest mall operator, was anticipated to make substantial investments, totaling USD 823.67 million, including funds allocated for store renovations, by the year 2023

Thus, the growing building and construction industry will require more aniline for coatings and insulations due to their exhibit characteristics, which will drive the demand for the aniline market growth during the forecast period.

The methyl diphenyl diisocyanate (MDI) segment held the largest Aniline Market share in 2023 and is estimated to grow at a CAGR of 8.3% during the forecast period 2024-2030. Methyl diphenyl diisocyanate (MDI) is mainly applied in the manufacturing of polyurethanes for various applications, such as the manufacture of rigid polyurethane foams for home furnishing and insulation. Insulation manufactured with methyl diphenyl diisocyanate (MDI) helps to conserve energy. Methyl diphenyl diisocyanate is utilized in manufacturing product items such as insulation, adhesives, sealants, furnishing and automotive interiors.Because PU foams are widely accepted by automobile inventors and manufacturers, and because they allow producing seating that can be easily assembled, disassembled, and recycled with high-performance specifications over a wide range of firmness with lightweight, an increase in the automotive sector will boost the demand for methylene diphenyl diisocyanate, which is expected to contribute to the demand for aniline. These are the main reasons that are expected to drive demand in the future. Furthermore, as the need for rubber grows, so does the demand for aniline, which is expected to grow.

Moreover, methyl diphenyl diisocyanate (MDI) is also applied as a binder for wood and to manufacture mold cores for the foundry industry. Thus, all these exhibit characteristics of methyl diphenyl diisocyanate (MDI) make it a preferred choice over the other aniline applications that are driving its segmental growth.

Asia-Pacific region dominated the Aniline Market share by 42.2% in the year 2023, due to the increasing requirement for aniline in developing countries such as China, Japan, India and South Korea. China is expected to continue its dominance in the aniline market, also known as aminobenzene or phenylamine, during the forecast period, due to the growing building & construction industry in the country. For instance, according to International Trade Administration (ITA), China is the world’s largest construction market and is forecasted to grow at an annual average growth of 8.6% between 2022 and 2030 

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 2023.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 .

 

 Bio-aniline provides a strong alternative to traditional aniline manufacturing, which poses environmental problems. In addition, it can be produced from renewable resources like biomass or agricultural feedstock. Furthermore, the growing awareness among customers and industry regarding the environmental impact of conventional production processes is one of the factors propelling the shift towards bio-aniline.

Moreover, the bio-based strategy encourages the effective use of renewable resources in addition to lowering greenhouse gas emissions. In addition, the shift towards bio-aniline is consistent with broader industry developments that highlight the value of circular economy principles and green chemistry. Furthermore, the demand for bio-based aniline is predicted to increase as automakers throughout the world place a greater emphasis on fuel efficiency and sustainability. Hence, such factors are driving the market growth during the forecast period. 

Aniline exhibit various advantages and applications in different end-use industries, however, there is a potential danger to health from the use of aniline to humans and the environment. Aniline causes irritation to the eyes, skin and respiratory tract. It causes methemoglobinemia, which hinders the delivery of oxygen to tissues. Aniline also causes damage to red blood cells, that get revealed as acute hemolytic anemia. Heart, kidney and liver are also known to be affected by aniline exposure. Environmental rules and regulations continue to implement limitations on the utilization and disposal of toxic chemicals and force the industrial sector to search for an environment-friendly and safer substitute. Thus, the health and environmental issues associated with aniline will create hurdles for the market's growth.

Technology launches, acquisitions and R&D activities are key strategies players adopt in the aniline markets. The top 10 companies in the Aniline market are:

1. BASF Corporation

2. Bayer Material Science

3. Petrochina Co. Ltd.

4. EiDupont De Nemours

5. First Chemical Corporation

6. Jilin Connell Chemical Industry Co., Ltd.

7. Hindustan Organics Chemicals Limited

8. Huntsman International

9. Mitsubishi Chemical

10. Mitsui Chemical

 In June 2023, Bayer Material Science announced its intention to host the Pharmaceuticals R&D Event for Investors in June 2023. During this event, the company plans to present a comprehensive analysis of its innovation strategy within its four therapeutic core areas: oncology, cardiology, neurology & rare diseases, and immunology.

 In 2022, Central Pattana PCL, the largest mall operator in Thailand, had planned to invest USD 722.97 million, which includes funds for renovating stores. Thailand is one of the busiest tourist destinations and has witnessed substantial investment in the construction of shopping centers, luxury hotels, and other amenities.