Global Aniline Market Size, Share, Growth Analysis, By Type(Salt, Sulfur), By Application(Dyes & Pigments, Rubber Chemical), By Industry Vertical(Building & Construction, Rubber) - Industry Forecast 2023-2030

Aniline Market size was valued at USD 10 billion in 2021 and is poised to grow from USD 10.7 billion in 2022 to USD 18.5 billion by 2030, growing at a CAGR of 7% in the forecast period (2023-2030).

The global aniline market is poised for growth due to the increasing demand for aniline as a raw material in various end-use industries. Aniline is a crucial component in the production of a wide range of products, driving its market growth. Factors such as rapid industrialization in both developed and developing countries and increasing research and development activities in the petroleum industry are contributing to the expansion of the aniline market.

The automotive sector is adopting aniline for the production of methylene diphenyl diisocyanate (MDI) foams, which is expected to boost the global aniline market. These foams are utilized in vehicles to reduce noise pollution and provide a comfortable ride for passengers. With the growing number of automotive sales worldwide, the demand for aniline is projected to increase further.

Furthermore, the building and construction industry is anticipated to drive the demand for aniline during the forecast period. Aniline is a key ingredient in MDI, which is used to produce polyurethane, a rigid foam known for its exceptional insulation properties. This makes it suitable for applications such as walls and roofs in new residential construction and renovation projects. As energy costs account for a significant portion of residential energy consumption, the insulating properties of rigid polyurethane foam help reduce heating and cooling expenses while maintaining consistent temperature and noise levels, according to the United States Department of Energy.

Segments covered in this report:

The Global aniline market is segmented on the basis of type, application, industry vertical, and region. By type, the market is sub-segmented into salts, sulfur, n-methyl and others. By application, the market is categorized into dyes and pigments, methyl diphenyl, rubber chemical, pharmaceuticals, and others. By industry vertical, the market is segmented into Building & Construction, Rubber, Consumer Goods, Automotive, Packaging, Agriculture, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.

Driver

The market growth for aniline is expected to be driven by the rise in urbanization. There is a growing demand for aniline in rubber chemical applications, as these chemicals enhance durability, elasticity, and strength in rubber processing. The use of aniline in coatings and textile industries is also increasing, contributing to market growth. Additionally, aniline finds application in the pulp and paper industry, among others, further driving market expansion.

Urbanization plays a significant role in boosting the demand for aniline. It is used as an anti-knock additive and solvent in the process of improving reformat gasoline, which is commonly used in urban areas. As urbanization continues to accelerate, the demand for aniline is expected to witness strong growth in the coming years. The need for aniline in various industries and its role in urban development are key factors driving the market's expansion.

Restraint

The growth of the global aniline market may be hindered by fluctuating prices of raw materials used in its production. These price fluctuations can disrupt the production process and create a gap between the demand and supply of aniline, potentially impacting market growth.

Additionally, the increasing awareness of environmental crises associated with plastic production is affecting the demand for aniline from the plastic industry. This awareness has led to a reduction in the demand for aniline as a raw material in plastic production. Consequently, this is anticipated to restrict the demand for aniline during the forecast period. These factors related to price fluctuations and environmental concerns have the potential to impede the growth of the global aniline market.

Market Trends

The increasing disposable income of consumers is driving them to spend more on various products, including home furnishings and luxury items, leading to a global trend of improving living standards. Aniline plays a significant role in the production of Flexible PU foams, which are widely used in the manufacturing of home furnishing products such as furniture, sofas, carpets, bedding, couches, and more.

Covestro, a prominent company in the industry, is actively involved in developing advanced aniline production processes. One notable development by Covestro is the introduction of a method that utilizes water sugar biomass, a sustainable resource, to produce aniline. This innovative process involves the biological transformation of water into acid using micro-organism-based catalysts, followed by the use of chemical catalysts to produce aniline. By adopting this approach, Covestro aims to enhance the sustainability and efficiency of aniline production.