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Aniline Market to Grow Due to Expanding Consumer Goods Segment : Transparency Market Research

Aniline Market for Methylene Diphenyl Diisocyanate (MDI) and Other Applications by Insulation, Rubber Products, Consumer Goods, Automotive, Packaging and Other End-uses - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020


Albany, NY -- (SBWIRE) -- 12/24/2014 -- Aniline, an aromatic amine is generally colorless to a pale hue of brown, but changes to a darker color when exposed to light or air. Also known as aminobenzene or phenylamine, aniline is made by first nitration and then hydrogenation of benzene with a metal catalyst. Today, this chemical is widely used in many industries as an indispensible ingredient. The global aniline market has grown tremendously in the past few years due to growth of many end-user industries such as automotive, packaging, rubber, and production of methylene diphenyl diisocyanate or MDI.

Discovery of Aniline :

The discovery of aniline dates back to 18th century. It was first discovered by Otto Unverdorben, when he isolated aniline by destructive distillation of indigo and named it Crystallin. In 1834, when Friedlieb Runge was experimenting on coal tar he accidently turned the substance to a distinct blue with chloride of lime and called it kyanol or cynol. After yet another experiment, in 1842, Nikolay Nikolaevich Zinin had discovered aniline, but still named it benzidam. Finally it was only in 1843, that August Wilhelm von Hofmann showed that all these substances were in fact the same and thus named them aniline or phenylamine.

Ever since its discovery, aniline has changed the way manufacturing processes work. The global aniline market has been segmented for the purposing of understanding its vastnesses and intricacies.

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Components of Global Aniline Market :

The global aniline market is segmented on the basis of application, end-users, and regions. The application segment of the global aniline market includes methylene diphenyl diisocyanate (MDI), rubber processing chemicals, dyes and pigments, coatings, adhesives, and sealants. Depending on the end-users, the global aniline market is divided into insulation, rubber products, consumer goods, automotive, packaging, agriculture, pulp and paper, photography, and others. In terms of geography, the global aniline market is divided into North America, Europe, Asia Pacific, and Rest of the World.

Projections for Global Aniline Market :

Analysts valued the global aniline market at US$9.75 billion in 2013, and they project this market will reach a valuation of US$15.66 billion by 2020, growing at a CAGR of 7.0% from 2014 to 2020. This fast paced growth can be attributed to use of aniline in production of methylene diphenyl diisocyanate (MDI), p-phenylenediamine, diphenylamine, and hydroquinone. MDI is then used in making flexible and rigid polyurethane foams (PU), which are used for insulation of pipes, architectural structures, tanks, warehouses, and temperature controlled rooms. Polyurethane foams (PU) are used in automotive furnishings and home furnishings as well. As the construction activities are growing in emerging economies, the global aniline market is receiving an additional impetus. The aniline market is also getting fuelled by ever-expanding consumer goods and logistics industries. The global aniline market has also witnessed a great rise due to its extensive use in the rubber industry for the rubber processing chemicals. These upward trends are expected to continue between 2014 and 2020.

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Amongst the segments, consumer goods is expected to be the fastest growing segment in the coming six years, growing at a CAGR of more than 5%. Growth of consumer goods market in developing nations such as Brazil, India, and Russia is play a crucial role in growth of aniline market in these regions. In terms of application, MDI did hold 75% stake in the global aniline market in 2013, but in the coming years other applications such as dyes and pigments and rubber processing chemicals will grow at a rapid pace.

The biggest detriment to the growth of global aniline market is hazardous effect of aniline on human health and environment. However, if key players such as Huntsman Corporation, Bayer MaterialScience LLC, BASF SE, Wanhua Chemical Group Co Ltd and E. I. du Pont de Nemours and Company tap into aniline's property to prevent corrosion inhibitor in metals, they manufacturers will find a new opportunity for growth in the years to come.

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