PUBLISHER: ChemAnalyst | PRODUCT CODE: 1369781
PUBLISHER: ChemAnalyst | PRODUCT CODE: 1369781
The India Aniline market has reached around 120 thousand tonnes in FY2022 and is expected to hike at a significant CAGR of 4.14% during the forecast period until FY2032. Gujarat Narmada Valley Fertilizers & Chemicals Limited and R K Synthesis Limited are the only producer of Aniline in India. R K Synthesis Limited has recently commissioned a new project at Vagra, Bharuch for the manufacture of Aniline in India with an annual capacity of 12.5 thousand tonnes per annum.
Aniline is the simplest aromatic amine with chemical formula C6H5NH2. Aniline is produced on an industrial scale by catalytic vapor phase hydrogenation. Benzene is first nitrated at temperatures between 50 and 600 °C with a concentrated solution of nitric acid and sulfuric acid to create nitrobenzene. The nitrobenzene is next hydrogenated in the presence of a metal catalyst to yield Aniline. It is a commercial chemical with high industrial value and usable for the synthesis of fine chemicals. Aniline is widely utilized in the production of different goods, including artificial colors, medications, bombs, polymers, explosive materials, antioxidants, photography chemicals, rubber chemicals, and stabilizers for the latex industry.
The market for Aniline is expected to increase in the forecast period due to rising demand of Aniline to produce Methylene di phenyl di isocyanate (MDI), which is further utilized as a raw material for the manufacturing Polyurethanes. The polyurethanes produce is used for the manufacture of foams that are an integral part of furnishing industry. With the rising per capita income and the need for better furniture in the office spaces, the demand for comfortable and space efficient furniture is increasing. Polyurethanes demand is also on the rise in the elastomer, paints and adhesives industry. Additionally, Aniline has application in rubber industry as it is used to enhance the properties of rubber and add properties like strength and resistance to chemicals and abrasions. With the hike in demand of explosive products, the demand for Aniline is also increasing because of its highly flammable properties. The dyes used in the packaging printing also uses Aniline oil and it is a better alternative than the previous oils. The demand for Aniline is also witnessing rapid surge from optical whiteners manufacturing industry. The India Aniline market is anticipated to reach 200 thousand tonnes by FY2032.
Based on the region-wise consumption, the Aniline market is segmented into West, South, North, and South. Although during the FY2015-FY2020, west India displayed a highest consumption among all other parts of India. The Aniline market in the west is anticipated to grow in the forecast period as well. Over the next ten years, India is expected to see investments in housing, with the construction of new homes and repair works, propelling the demand of Aniline.
Based on end-use segment, the India Aniline market is segmented into Pharmaceutical, Rubber Chemical, Dye & Dye Intermediate, and Others. Pharmaceutical segment is leading the market and anticipated to hold a share of roughly 40% in FY2022. The thermoregulatory centre of the hypothalamus is highly affected by aniline derivatives, which are potent antipyretics. Furthermore, Dye & Dye Intermediate sector is also a fast-growing and is anticipated to swell the demand of Aniline in the upcoming years.
Years considered for this report:
Historical Period: FY2015-FY2021
Base Year: FY2022
Estimated Year: FY2023
Forecast Period: FY2024- FY2032
To extract data for India Aniline market, primary research surveys were conducted with Aniline manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for India Aniline market over the coming years.
ChemAnalyst calculated Aniline demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Aniline to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Aniline manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, India Aniline market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
With the given market data, ChemAnalyst offers customizations according to a company's specific needs.
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