Aniline - A Global Strategic Business Report - new market research report published

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2012-11-23 10:28:28 - Aniline - A Global Strategic Business Report - a new market research report on companiesandmarkets.com

The global aniline market is projected to reach 6.2 million tons by the year 2015, led by the increasing demand from various end-user markets. In particular, the rising demand from methylene diphenyl diisocyanate (MDI), the chief ingredient in polyurethane foam, is expected to fuel consumption of aniline.

Aniline, also known by the name of amino benzene, is a key aromatic amine

 

 

with the chemical formula C6H7N. Aniline finds application in various end-use markets including construction, rubber products, transportation, consumer, adhesives/sealants, packaging, agriculture, textiles, coatings, photography, dyes, and pharmaceuticals, among others. The aniline market was significantly affected by the global economic recession and the subsequent decline in the construction, electronics and automotive industries in recent years. Prior to the global economic recession, the demand for benzene and benzene derivatives including aniline grew steadily driven primarily by phenol and styrene. Aniline witnessed the highest rate of growth among aromatic compounds during the period 2002-07 due to booming automotive, construction and electronics industries, particularly in Asia-Pacific markets.

A predominant proportion of the worldwide aniline production is utilized in the manufacture of polyurethanes, which are used in a wide array of applications including footwear, insulation and furniture, among others. The consumption of methylene diphenyl diisocyanate (MDI), the chief ingredient in polyurethane foam, and hence aniline is dependent on the dynamics in automotive production, OEM (original equipment manufacture), and remodeling/construction activity (residential and non-residential). Though the consumption of MDI suffered due to the global economic meltdown and subsequent decline in construction and automotive industries, MDI demand is expected to rise in the post crisis scenario thereby enhancing the consumption of aniline. The strongest growth area for MDI is from China.

The United States, Asia-Pacific, and Europe dominate the global demand for aniline, with a combined share of more than 90%, as stated by the new market research report on aniline market. The recovery of the global economy is expected to boost demand for various downstream chemical products including aniline. Asia-Pacific represents the largest and the fastest growing market for aniline, globally. The market is forecast to grow at a compounded annual rate of more than 7.0% for the next few years.

China´s aniline market witnessed depressed demand owing to the financial crisis, which led to decreased demand for end-use applications such as MDI and rubber chemicals. As the global economy recovers from the gloom, China´s aniline demand is also expected to rise. The rise in aniline demand is also supported by the advent of additional capacity in the near term. Owing to the crisis, manufacturers delayed the implementation of several expansion initiatives that were set for conclusion in 2009. Such projects have been postponed to 2010 and 2011, and would add new capacity to the aniline market. Also, the anticipated commencement of production operations of numerous rubber chemical plants across China is likely to fuel aniline consumption. By 2012, consumption of aniline in China is projected to reach 1.1 million tons.

The report titled Aniline: A Global Strategic Business Report provides a review of market trends, competitive scenario, and recent industry activity. The study analyzes market data and analytics in terms of volume consumption for regions including the United States, Japan, Europe, Asia-Pacific, and Rest of World. Major players profiled in the report include BASF Aktiengesellschaft, Bayer Aktiengesellschaft, Sumika Bayer Urethane Co., Ltd., BorsodChem MCHZ s.r.o., E. I. du Pont de Nemours and Company, Huntsman International LLC, SP Chemicals Holdings Ltd., The Dow Chemical Company, and Tosoh Corporation, among others.

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