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Aniline Market Overview
The Aniline Market size is projected
to reach US$20.7 billion by 2027, after growing at a CAGR of 7.6% during the
forecast period 2022-2027. Aniline is an organic
chemical compound that comprises of a phenyl group attached to an amino group, which is also known as aminobenzene or phenylamine. It has an
unpleasant odor with an oily and colorless appearance. The increasing
requirement for aniline in the electrical & electronics industry for the
manufacturing of electronic consumer devices is anticipated to upsurge the
growth of the aniline industry during the forecast period. The electrical &
electronics industry is growing, for instance, according to Invest India,
domestic production of electronics hardware reached US$76 billion in 2019-2020,
with a CAGR of around 23% and production-linked incentives of INR 40,951 crores
(US$5544 million), funded over a period of 5 years. Moreover, the growing
automotive industry is utilizing aniline for automotive interiors, which is
also driving the aniline market growth. The global economic downturn caused by
the COVID-19 pandemic resulted in a huge drop in building & construction,
electronic devices, automotive and other end-use industries all across the
world, which had a significant impact on the growth of the aniline market size.
Report Coverage
The report: “Aniline Market Report – Forecast (2022 - 2027)” by IndustryARC, covers an in-depth analysis of the following segments in the aniline industry.
By Technology: Vapour-Phase Process and Liquid-Phase Process.
By Application: Methylene
Diphenyl Diisocyanate (MDI), Rubber-Processing Chemicals, Agricultural Chemicals,
Dyes and Pigments, Specialty Fibers and Others.
By End-use Industry: Building & Construction (Residential, Commercial, Industrial,
Infrastructure), Electrical & Electronics, Textile & Apparel,
Automotive (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial
Vehicle), Packaging, Agriculture and Others.
By Geography: North
America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy,
Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan,
India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and
Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of
South America), Rest of the World (the Middle East and Africa).
Key Takeaways
- The Asia-Pacific region dominates the Aniline market owing to the rising growth in the building and construction industry. For instance, according to Invest India, by 2025, the building and construction industry is estimated to reach US$1.4 trillion.
- Rapidly rising demand for Aniline in the automotive industry for automotive interiors, such as aniline leather covers for car seats has driven the growth of the aniline market.
- The increasing demand for Aniline in the electrical & electronics sector, due to its usage in the manufacturing of insulation materials such as insulated wires and electronic consumer goods, has been a critical factor driving the growth of the aniline market in the upcoming years.
- However, the health and environmental issues associated with aniline can hinder the growth of the aniline market.
Figure: Aniline Market Revenue Share by Geography, 2021 (%)
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Aniline Market Segment Analysis – By Application
The methyl diphenyl diisocyanate
(MDI) segment held the largest Aniline Market share
in 2021 and is estimated to grow at a CAGR of 7.4% during the forecast period
2022-2027. Methyl diphenyl diisocyanate (MDI) is mainly applied in the manufacturing
of polyurethanes for various applications, such as the manufacture of rigid
polyurethane foams for home furnishing and insulation. Insulation manufactured
with methyl diphenyl diisocyanate (MDI) helps to conserve energy. Methyl
diphenyl diisocyanate is utilized in manufacturing product items such as insulation,
adhesives, sealants, furnishing and automotive interiors. Additionally, it is
utilized in elastomers (CASE) found in items such as glues, paints and
weather-resistant materials, footwear, leisure and sports products. Moreover, methyl
diphenyl diisocyanate (MDI) is also applied as a binder for wood and to manufacture
mold cores for the foundry industry. Thus, all these exhibit characteristics of methyl diphenyl diisocyanate
(MDI) make it a preferred choice over
the other aniline applications that are driving its segmental growth.
Aniline Market Segment Analysis – By End-use Industry
The
building & construction industry held the largest Aniline Market share in
2021 and is estimated to grow at a CAGR of 7.8% during the forecast period
2022-2027. In the building & construction industry, aniline is an important
chemical utilized in manufacturing rigid polyurethanes that are applied as an
insulating material. The building and
construction industry is growing, for instance, according to the U.S Department
of Commerce, the privately owned housing units authorized by building permits
in March 2022 were around 1,873,000 which is 0.4% above February 2022 of
1,865,000 units and is 6.7% above March 2021 of around 1,755,000 units.
Moreover, according to Statistics of Japan, the number of construction contract
orders went from 6,00,46,960 units in 2020 to 6,36,10,223 in 2021 and has
witnessed a growth in 2021 (Jan-July) compared to 2020(Jan-July). Thus, the
growing building and construction industry will require more aniline for
coatings and insulations due to their exhibit characteristics, which will drive
the demand for the aniline market growth during the forecast period.
Aniline Market Segment Analysis – By Geography
Asia-Pacific region dominated the Aniline Market share by 42.2% in the year 2021, due to the increasing requirement for aniline in developing countries such as China, Japan, India and South Korea. China is expected to continue its dominance in the aniline market, also known as aminobenzene or phenylamine, during the forecast period, due to the growing building & construction industry in the country. For instance, according to International Trade Administration (ITA), China is the world’s largest construction market and is forecasted to grow at an annual average growth of 8.6% between 2022 and 2030. Moreover, in Singapore, according to the Australian Government, the building and construction sector remains healthy in Singapore, with strong government spending on public infrastructure, of about S$2 billion (US$1.43 billion) in contracts being awarded each month. Such increasing building & construction activities in the APAC countries are anticipated to increase the demand for aniline applications in the forecasted period and are proving to be a market booster for the aniline market size in this region.
Aniline Market Drivers
Growing Automotive Industry:
In the automotive industry, aniline also known as aminobenzene or phenylamine is utilized in automotive interiors,
such as aniline leather covers for most car seats. This aniline leather is very
soft and luxurious to the touch. The automotive industry is growing, for
instance, according to the European Automobile Manufacturers' Association
(ACEA), in 2021, 79.1 million motor vehicles were produced around the world, an
increase of 1.3% compared to 2020. Also, in the U.S., the production of motor
vehicles increased to 68,57,182 units in the year 2021 from 62,39,401 units in
2020, according to the Organisation Internationale des Constructeurs
d'Automobiles (OICA). Moreover, in Austria, motor vehicle production increased to
92,000 units in the year 2021 from 86,300 units in 2020. With the increasing
production of automobiles, it is estimated that in the upcoming years the
requirement for aniline in the automotive industry will rise. This would boost the growth of the aniline industry.
Increasing Electrical & Electronics Industry:
In the electrical and electronics industry, Aniline is an organic
chemical compound comprised of a phenyl group attached to an amino group, which is used to manufacture insulation
materials such as insulated wires. These are applied in the production of
electronic consumer goods. The electrical and electronics industry is growing,
for instance, according to the Indian Brand Equity Foundation (IBEF), the
Indian electronics manufacturing industry is projected to reach US$520 billion
by 2025. Moreover, the government of Canada, in 2022, announced
the Semiconductor Challenge Callout, a fund of US$150 million through the
Strategic Innovation Fund to make targeted investments to build and supply of
semiconductors. Thus, increasing electrical and electronic device production will require more insulation
and therefore, is estimated to increase the growth of the aniline market.
Aniline Market Challenge
Health and Environmental Issues Associated with Aniline:
Aniline exhibit
various advantages and applications in different end-use industries, however,
there is a potential danger to health from the use of aniline to humans and the
environment. Aniline causes irritation to the eyes, skin and respiratory tract.
It causes methemoglobinemia, which hinders the delivery of oxygen to tissues.
Aniline also causes damage to red blood cells, that get revealed as acute
hemolytic anemia. Heart, kidney and liver are also known to be affected by
aniline exposure. Environmental rules and regulations continue to implement
limitations on the utilization and disposal of toxic chemicals and force the
industrial sector to search for an environment-friendly and safer substitute.
Thus, the health and environmental issues associated with aniline will create
hurdles for the market's growth.
Aniline Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies players adopt in the aniline markets. The top 10 companies in the Aniline market are:
- BASF Corporation
- Bayer Material Science
- Petrochina Co. Ltd.
- EiDupont De Nemours
- First Chemical Corporation
- Jilin Connell Chemical Industry Co., Ltd.
- Hindustan Organics Chemicals Limited
- Huntsman International
- Mitsubishi Chemical
- Mitsui Chemical
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