(MENAFN Editorial) iCrowdNewswire - Dec 10, 2017
MarketResearchNest.com adds 'Global Aniline Market 2017-2021 new reports to its research database. The report spread across 99 pages with tables and figures in it.
The analysts forecast the global to grow at a CAGR of 6.83% during the period 2017-2021.
Aniline is used as feedstock for polyurethanes. Aniline is also extensively used for manufacturing methylene diphenyl diisocyanate (MDI). MDI is used to manufacture flexible and rigid polyurethane (PU) foams, coatings, elastomers, adhesives, and sealants. Aniline is also an important ingredient used in rubber processing chemicals. The global aniline market is driven largely by the end-use industries. The increase in the demand for aniline in APAC and other developing countries are expected to dominate the global aniline market during the forecast period.
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Technavio recognizes the following companies as the key players in the global aniline market: BASF, Bayer, Huntsman, Mitsubishi Chemical, and Sumitomo Chemical.
Other Prominent Vendors in the market are: Arrow Chemical Group, EMCO Dyestuff, GNFC, Hindustan Organic Chemicals, SHANDONGJINLING, Sinopec, Tosoh, and Wanhua Chemical Group.
Commenting on the report, an analyst team said: 'One trend in the market is increasing demand for aniline in the Middle East. The demand for aniline in the Middle East has grown considerably in the recent few years. The rise in the demand for aniline is attributed to the increase in infrastructure and economic growth in the Middle East. This trend is expected to continue during the forecast period as well.
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According to the report, one driver in the market is increase in the demand for aniline for the production of MDI. The majority of the consumption of aniline is for MDI production, which accounted for more than 80% of the global aniline consumption in 2016. 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. With the increase in the MDI production, the demand for aniline is expected to grow during the forecast period.
Further, the report states that one challenge in the market is demand-supply gap of aniline. The demand for aniline is affected by a gap in the supply of benzene, which is used for manufacturing aniline. The fluctuations in benzene prices in Europe has led to the frequent changes and gap in the demand-supply of aniline. In 2016, the total consumption of benzene for the production of aniline was 10% of the total volume. In Europe, benzene prices were recorded at $770-$850 per ton in the initial quarter of 2015. These prices increased to nearly $950-$1,100 per ton in the initial quarter of 2016. The fluctuations in the prices in Europe will have a negative impact on the demand and supply gap.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Contact Information: Mr. Jeet Jain
Sales Manager
+1-240-284-8070 / +44-20-3290-4151
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