APAC Tops the Global Aniline Market | Technavio

The latest market research report by Technavio on the global aniline market predicts a CAGR of close to 7% during the period 2017-2021.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171214006276/en/

The report segments the global aniline market by application (methylene diphenyl diisocyanate and others), by end-use (insulation, rubber processing chemicals, consumer goods, transportation, packaging, and agriculture), and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Here are some key findings of the global aniline market, according to Technavio chemicals and materials researchers:

• Increase in the demand for aniline to produce MDI: a major market driver
• In 2016, the methylene diphenyl diisocyanate segment dominated the market by occupying around 79% share
• APAC dominated the global aniline market with around 55% share in 2016
• BASF, Bayer, Huntsman, Mitsubishi Chemical, and Sumitomo Chemical are the leading players in the market

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Increase in the demand for aniline to produce MDI: a major market driver

Increase in the demand for aniline to produce MDI is one of the major factors driving the global aniline market. The MDI segment is a major application segment in the global aniline market. MDI is generally used as an intermediate to manufacture rigid and flexible polyurethane (PU) foams, coatings, elastomers, adhesives, and sealants. Rigid PU foams are used in the construction, transportation, and furniture industries. The global MDI market is driven by factors such as green initiatives, sustainability, and the effort to lower emissions of CO2. MDI produced from aniline is used in applications such as insulation, furnishings, packaging, consumer goods, automotive interiors, and upholstery. Aniline is also used for automotive production, construction, and original equipment manufacturing (OEM).

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

APAC: largest aniline market

The aniline market in APAC is predicted to register significant growth during the forecast period. This is because of the growth in the automotive and construction industries. The major aniline companies are expanding their production capacities in developing countries to improve the demand-supply gap in the region. Additionally, the growing use of rubber in the region is also expected to increase the demand for aniline during the forecast period. Aniline is used for manufacturing rubber processing chemicals such as anti-degradants, accelerators, stabilizers, and vulcanizing agents.

According to Hitesh Bhatia, a lead analyst at Technavio for research on specialty chemicals, “The increase in the production of electrical and electronics in Korea, Taiwan, and China will drive the aniline market in APAC during the forecast period. In the electrical and electronics segment, aniline is used to manufacture insulation materials. Furthermore, the growing demand for food and pharmaceuticals in APAC will also foster the growth in the aniline market.”

Competitive vendor landscape

The global aniline market is a fragmented market. The market is dominated by several global players such as BASF, Bayer, Huntsman, Mitsubishi Chemical, and Sumitomo Chemical. These players have manufacturing facilities located around the world and have operational capacities through strategic partnerships. The fluctuating crude oil prices are expected to have a negative impact on the market growth during the forecast period. Most of the vendors in the market deal with a very broad product portfolio and tend to provide end-consumers with a complete range of solutions.

Get a sample copy of the global aniline market report free of cost

Access Technavio’s continuously growing specialty chemicals research library and find expert analysis on hundreds of markets.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171214006276/en/