Published by Coherent Market Insights
Posted on September 28, 2021
Aniline is an organic chemical compound that consists of a phenyl group attached to an amino group. It is majorly used in the production of the polyurethane and various chemical products.
Growing demand for aniline from rubber processing chemicals applications is projected to augment the market growth. Rubber processing chemicals are used in the processing of latex as these chemicals enhance durability, robustness to latex, add strength, and improve elasticity. Also, increasing use of other chemicals such as antioxidants, stabilizers, antidegradants, and antiozonants which are other types of chemicals used in the rubber processing industries is also expected to foster the market growth.
The global aniline market was accounted for US$ 14,591.0 Mn in 2019 in terms of value and is expected to register growth of 7.0% CAGR in the forecast period (2020-2027).
Top Key Players in Aniline market: BASF SE, Bayer Material Science LLC, E.I du Pont De Nemours and Company, Huntsman Corporation, Jilin Connell Chemical Industry Co., Ltd., SP Chemicals Holdings, Ltd., Sumitomo Chemical Co. Ltd., The Dow Chemical Company
Regional Analysis For Aniline Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Aniline market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Increasing development of bio-based aniline by key players is projected to serve major growth opportunities within the market of aniline over the forecast period. this is often attributed to the growing environmental concerns thanks to rising awareness regarding the health hazards related to the utilization of aniline. as an example , in September 2017, Covestro has developed a 100% bio-based aniline using biomass feedstock.
The rapid growth of the automotive industry in Brazil is creating demand for rubber products. This is projected to offer profitable market opportunities. Rise in the packaging industry along with the increasing use of aniline in various formulation of pharmaceutical drugs is again expected to foster the market growth.
Increasing strategic partnerships and agreements in the market by key players for business expansion is one of the emerging trends in the market. For instance, in November 2018, Tianji Group and Gemoil (Singapore) Pty Ltd has signed a processing trade project for 20,000 tons of aniline at the China International Import Expo in Shanghai. The goal of this partnership is to bring the two sides of economic and industrial benefits.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Aniline market Growing Rapidly with Current and Future Business Opportunities appeared first on Gatorledger.
Aniline is an organic chemical compound that consists of a phenyl group attached to an amino group. It is majorly used in the production of the polyurethane and various chemical products.
Growing demand for aniline from rubber processing chemicals applications is projected to augment the market growth. Rubber processing chemicals are used in the processing of latex as these chemicals enhance durability, robustness to latex, add strength, and improve elasticity. Also, increasing use of other chemicals such as antioxidants, stabilizers, antidegradants, and antiozonants which are other types of chemicals used in the rubber processing industries is also expected to foster the market growth.
The global aniline market was accounted for US$ 14,591.0 Mn in 2019 in terms of value and is expected to register growth of 7.0% CAGR in the forecast period (2020-2027).
Top Key Players in Aniline market: BASF SE, Bayer Material Science LLC, E.I du Pont De Nemours and Company, Huntsman Corporation, Jilin Connell Chemical Industry Co., Ltd., SP Chemicals Holdings, Ltd., Sumitomo Chemical Co. Ltd., The Dow Chemical Company
Regional Analysis For Aniline Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Aniline market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Increasing development of bio-based aniline by key players is projected to serve major growth opportunities within the market of aniline over the forecast period. this is often attributed to the growing environmental concerns thanks to rising awareness regarding the health hazards related to the utilization of aniline. as an example , in September 2017, Covestro has developed a 100% bio-based aniline using biomass feedstock.
The rapid growth of the automotive industry in Brazil is creating demand for rubber products. This is projected to offer profitable market opportunities. Rise in the packaging industry along with the increasing use of aniline in various formulation of pharmaceutical drugs is again expected to foster the market growth.
Increasing strategic partnerships and agreements in the market by key players for business expansion is one of the emerging trends in the market. For instance, in November 2018, Tianji Group and Gemoil (Singapore) Pty Ltd has signed a processing trade project for 20,000 tons of aniline at the China International Import Expo in Shanghai. The goal of this partnership is to bring the two sides of economic and industrial benefits.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Aniline market Growing Rapidly with Current and Future Business Opportunities appeared first on Gatorledger.
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