APAC Tops the Global Aniline Market | Technavio

LONDON–(BUSINESS WIRE)–#Chemicals–The latest market research report by Technavio
on the global
aniline market predicts a CAGR of close to 7% during the
period 2017-2021.

The report segments the global aniline market by application (methylene
diphenyl diisocyanate and others), by end-use (insulation, rubber
processing chemicals, consumer goods, transportation, packaging, and
agriculture), and by geography (the Americas, EMEA, and APAC). It
provides a detailed illustration of the major factors influencing the
market, including drivers, opportunities, trends, and industry-specific
challenges.

Here are some key findings of the global aniline market, according to
Technavio chemicals
and materials researchers:

• Increase in the demand for aniline to produce MDI: a major market
  driver
• In 2016, the methylene diphenyl diisocyanate segment dominated the
  market by occupying around 79% share
• APAC dominated the global aniline market with around 55% share in 2016
• BASF, Bayer, Huntsman, Mitsubishi Chemical, and Sumitomo Chemical are
  the leading players in the market

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Increase in the demand for aniline to produce MDI: a major market
driver

Increase in the demand for aniline
to produce MDI is one of the major factors driving the global aniline
market. The MDI segment is a major application segment in the global
aniline market. MDI is generally used as an intermediate to manufacture
rigid and flexible polyurethane (PU) foams, coatings, elastomers,
adhesives, and sealants. Rigid PU foams are used in the construction,
transportation, and furniture industries. The global MDI market is
driven by factors such as green initiatives, sustainability, and the
effort to lower emissions of CO2. MDI produced from aniline is used in
applications such as insulation, furnishings, packaging, consumer goods,
automotive interiors, and upholstery. Aniline is also used for
automotive production, construction, and original equipment
manufacturing (OEM).

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APAC: largest aniline market

The aniline market in APAC is predicted to register significant growth
during the forecast period. This is because of the growth in the
automotive and construction industries. The major aniline companies are
expanding their production capacities in developing countries to improve
the demand-supply gap in the region. Additionally, the growing use of
rubber in the region is also expected to increase the demand for aniline
during the forecast period. Aniline is used for manufacturing rubber
processing chemicals such as anti-degradants, accelerators, stabilizers,
and vulcanizing agents.

According to Hitesh Bhatia, a lead analyst at Technavio for research on
specialty
chemicals, “The increase in the production of electrical and
electronics in Korea, Taiwan, and China will drive the aniline market in
APAC during the forecast period. In the electrical and electronics
segment, aniline is used to manufacture insulation materials.
Furthermore, the growing demand for food and pharmaceuticals in APAC
will also foster the growth in the aniline market.”

Competitive vendor landscape

The global
aniline market is a fragmented market. The market is dominated by
several global players such as BASF, Bayer, Huntsman, Mitsubishi
Chemical, and Sumitomo Chemical. These players have manufacturing
facilities located around the world and have operational capacities
through strategic partnerships. The fluctuating crude oil prices are
expected to have a negative impact on the market growth during the
forecast period. Most of the vendors in the market deal with a very
broad product portfolio and tend to provide end-consumers with a
complete range of solutions.

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aniline market report free of cost

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