Aniline Market, By Application (Drug Production, Polyurethane, Agrochemicals, Dyes & Pigments), By End Use (Pharmaceutical, Plastic, Agriculture, Textile, Rubber), By Region - Global Analysis Forecast Till 2030

The Global Aniline market is expected to reach 8.4 million tonnes by 2021. The market is expected to reach 14.5 million tonnes by 2030, with a compound annual growth rate (CAGR) of 6.7% from 2022 to 2030.

Aniline (C6H5NH2), known as phenylamine, is a phenyl group attached to an amino organic compound. It is a flammable oily liquid with an unpleasant odor that is colorless or slightly yellow. It is made by catalytic hydrogenation of nitrobenzene and is highly soluble in chemicals like ether and alcohol and slightly soluble in water. Aside from that, it slowly resinifies and oxidizes in the air. As a result, aniline is widely used in producing a wide range of products, including synthetic dyes, drugs, explosives, plastics, antioxidants, photographic and rubber chemicals, and rubber stabilizers. It is used extensively in the pharmaceutical industry to formulate medications such as paracetamol, Tylenol, and acetaminophen.

Market Dynamics

Drivers:

Aniline, also known as aminobenzene or phenylamine, is used in automotive interiors, such as aniline leather covers for most car seats. This aniline leather has a very soft and luxurious feel to it. The automotive industry is expanding; for example, according to the European Automobile Manufacturers' Association (ACEA), 80.1 million motor vehicles will be produced worldwide in 2021, a 2.3% increase over 2020. According to the Organisation Internationale des Constructeurs d'Automobiles, motor vehicle production in the United States increased to 68,57,192 units in 2021 from 62,32,401 units in 2020. (OICA).

Furthermore, motor vehicle production in Austria increased to 92,100 units in 2021 from 87,300 units in 2020. With increased automobile production, the demand for aniline in the automotive industry is expected to rise in the coming years. This would help the aniline industry grow.

Restraints:

Although aniline has numerous advantages and applications in various end-use industries, there is a potential risk to human and environmental health from its use. Aniline causes eye, skin, and respiratory tract irritation. It causes methemoglobinemia, which impairs oxygen delivery to tissues. Aniline also causes red blood cell damage, which results in acute hemolytic anemia.

Aniline has also been linked to heart, kidney, and liver damage. Environmental rules and regulations continue to limit the use and disposal of toxic chemicals, forcing the industrial sector to seek a more environmentally friendly and safer substitute. As a result, the health and environmental concerns associated with aniline will impede Aniline market growth.

Key players:

• Azelis

• Iwaki Seiyaku Co.,Ltd.

• Aarti Industries Ltd

• Industrial Solvents & Chemicals Pvt. Ltd

• Kutch Chemicals

• Panoli Intermediates India Private Limited

• Mitsuboshi Chemical Co.,Ltd

• Karoon Petrochemical Company

• Premier Group of Industries

• Honshu Chemical Industry Co., Ltd

• Deepak Novochem Technologies Limited

• Indus Chemicals

• Valiant Organics Limited

Market Segmentation:

Aniline Market, By Application:

• Drug Production

• Polyurethane

• Agrochemicals

• Dyes & Pigments

Aniline Market, By End Use:

• Pharmaceutical

• Plastic

• Agriculture

• Textile

• Rubber

Aniline Market, By Region

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

Regional Analysis:

Asia-Pacific dominated the global aniline market. Most of the demand is expected to come from developing countries such as China, India, and Indonesia. China is regarded as a global manufacturing powerhouse. According to ITC Trademap, the total export of aniline and its salts was XX% thousand tonnes in 2020, and this figure is expected to rise in the coming years. China is the Asia-Pacific region's largest producer and consumer of polyurethane products. According to the National Bureau of Statistics of China, the construction industry in China generated approximately CNY XX% trillion in added value in 2020. Furthermore, the construction of Nusantara, Indonesia's new capital on Borneo Island, is estimated to cost USD XX% billion. Its construction began in 2021 and is expected to be a major driver of the Aniline market under consideration.

The region is the largest automotive manufacturing hub and has one of the most agricultural land areas in the country. As a result, the demand for rubber tires, insecticides, pesticides, and fertilizers is expected to drive aniline demand during the forecast period. The factors above are expected to drive aniline demand in the Asia-Pacific region over the forecast period.

Scope of the Report:

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