Grand View Research Releases Aniline Market Report
SAN FRANCISCO - According to a report by Grand View Research, the global aniline market is expected to grow due to increasing demand for MDI as an intermediate to produce sealants, elastomers, coatings and adhesives in the polyurethane industry. Increasing consumption of aniline in the OEM and construction industries is expected to propel market growth over the next six years. Growing end-use industries such as construction, rubber, textiles, dyes, pigments, diphenylamine and pharmaceuticals, are also poised to augment demand for aniline over the forecast period. Technological developments and government regulations concerning health and environmental effects of aniline are expected to hinder market growth over the next seven years. However, development in the disposable goods industry and the logistics and infrastructure industry, coupled with growing demand for corrosion inhibitors in the microelectronics industry, are anticipated to propel aniline growth. Additionally, increasing aniline penetration in pharmaceuticals is expected to provide market growth opportunities.
Asia-Pacific is poised to be the fastest-growing market owing to growing automotive and construction industries in emerging economies including China and India. Furthermore, the growing electronics industry in Taiwan and Korea are anticipated to fuel aniline market demand. EU countries and the United States are anticipated to follow Asia-Pacific due to numerous integrated aniline manufacturing firms. The emergence of new MDI plants in the Middle East is also expected to propel aniline market growth. Growing aniline applications including rubber, plastics, petroleum, explosives, agricultural, chemical industries and explosives are expected to develop market demand over the next seven years.
Increasing investments by major market participants in R&D coupled with growing M&A are poised to augment aniline market growth over the forecast period. In addition, a rising number of patents by key players for production of aniline is expected to increase industry rivalry and barriers for new entrants. Dow Polyurethanes and Jilin Connell Chemical Industry Co., Ltd signed a LOI in 2011 for provision of aniline to the U.S. gulf coast. Bayer MaterialScience bought DuPont’s aniline manufacturing plant in order to fulfill growing demand from the construction market. Government approval for doubling the output capacity at Lianheng Isocyanate, a joint venture of Huntsman, BASF, Sinopec Shanghai Gao Qiao Petrochemical Corp., Shanghai Hua Yi and Shanghai Chlor-Alkali Chemical Co., is anticipated to create growth opportunities for the firm.
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