Global Aniline Market 2017-2023: Market is Projected to Reach Approximately 6,217 Thousand Tons - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 23, 2018--The “The Global Aniline Market” report has been added to ResearchAndMarkets.com’s offering.
The global aniline market is projected to reach approximately 6,217 thousand tons by the end of 2023, increasing at a CAGR of around 3-4% per year in the period 2017-2023.
The report focuses on both product and regional breakdown, offering a larger perspective on the market dynamics. Although aniline is predominantly used as a raw material in the production of methylene diphenyl diisocyanate (MDI), the analysis considers the application of aniline across various industries. In particular, the largest share of aniline consumption is for the production of MDI, which accounted for around 90% of the total in volume terms.
Meanwhile, this application has also been the only one that registered growth during the observed period, increasing by 5.41% per year. Regionally, the largest global aniline market was North East Asia, which accounted for about 40% of the total in volume terms. In comparison, the CIS countries were the smallest global aniline market during the analyzed period and are expected to remain as such in the medium term.
The growing demand for MDI in coatings and adhesives and sealants industry, and the demand from the polyurethane industry are propelling the global market for aniline. MDI is consumed in both rigid and flexible polyurethane foam. However, the largest MDI outlet is in rigid foams, which is mainly used in construction, refrigeration, packaging and insulation. Therefore, aniline’s consumption closely follows the construction, automotive production, and original equipment manufacturing sectors.
On the other hand, there are countries such as Russia and India, where the consumption of aniline is entirely intended for the production of products other than MDI. Regionally, the Chinese market is the largest consumer of aniline and due to the national environmental protection supervision and de-capacity policies, aniline producers released the capacity rationally. Due to the issue of sustainability in the form of environmental pollution and depletion problems, many companies nowadays have focused on renewable chemical production through microbial conversion of biomass.
The increasingly competitive landscape globally forces the chemical companies to focus on innovation and particularly on the development of Green Chemistry, which is becoming crucial for the overall future development of the companies. There are several fast dynamic research areas that can be identified such as nanotechnology, biotechnology, the development of biofuels as a supplement to oil supplies, as well as the expansion of water-based paints and the replacements for chlorofluorocarbons (CFCs). So in order to increase their profit, it is important for manufacturers within the chemical industry not only to cut their costs, but also to ensure that their processes and products conform with the pressing environmental issues.
Key Topics Covered:
2. Executive summary
3. Characteristics of aniline
4. State of the global demographics and economy
5. Overview and analysis of the global aniline market
6. Overview and analysis of the global production of aniline
7. Characteristics and analysis of the global prices of aniline
8. Overview and analysis of the global imports of aniline
9. Overview and analysis of the global exports of aniline
10. Balance between supply and demand on the global aniline market
Companies MentionedAlpek BASF Borsodchem-Mchz Chemtura Chongqing Synthetic Chemicals Covestro Cuf Group Dezhou First Chemical Dow Chemical Gujarat Narmada Valley Fertilizers Handan Fuyang Chemical Henan Kaipu Chemical Hindustan Organic Chemicals Huchems Jilin Connell Chemical Karoon Petrochemical Mitsubishi Chemical Mitsui Chemicals Nanjing Sili Chemical Co. Nanjing Xinpei Chemical New Japan Chemical Ningbo Haili Chem. Ostandari Kerman Petrochina Lanzhou Pc Qingdao Hengyuan Chemicals Rubicon Sadara Chemical Company Sichuan Yibin Dongshan Sinopec Nanjing Chem. Ind. Sp Chemicals (Taixing) Sumitomo Chemical The Chemours Company Tianji Coal Chemical Ind. Tosoh Corp. Wanhua Chemical
For more information about this report visit https://www.researchandmarkets.com/research/565rth/global_aniline?w=4
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Related Topics:Petrochemicals,Adhesives and Sealants
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/23/2018 10:29 AM/DISC: 11/23/2018 10:29 AM