H1 2023: The major producers of Aniline in H1 2023 were Wanhua Chemical Group, Covestro AG, BASF SE, and Huntsman Corporation. Regionally, Asia Pacific was the region that consumed the most aniline in H1 2023. However, prices of aniline remained volatile in H1 2023 in this region. In January 2023, prices dropped as a result of low orders by the downstream methylene diphenyl diisocyanate (MDI) over the Lunar New Year holidays. Following a change in the price trend, prices rose in February 2023 due to improved demand for by the downstream MDI sector. Prices further rose in March 2023 as a result of an increase in inquiries and market trading activity in the Chinese market. The pressure on upstream costs increased at the same time due to shifting upstream costs and fluctuating crude oil prices in China. However, April onwards, aniline price fell in the Asian region. Due to poor consumption rates in downstream MDI sectors and a lackluster market for PU foam in the manufacturing sector amid abundant supply, there was low demand from regional and worldwide importers. Due to the stagnant construction industry, consumption rates from polyurethane elastomer industry were sluggish. Besides, US also experienced mixed Aniline market scenario in H1 2023. The price trend for aniline was bullish till May 2023 and prices moved up slightly during this period. Due to adequate supply, moderate production rates, and stable manufacturing sector activity, the orders for MDI by the Polyurethane industries remained mediocre. Prices fell in mid-May 2023 in the US as a result of low upstream prices, reduction of production costs and low consumption rates by the downstream industries.
H1 2022: During H1 2022, the total production of Aniline reached roughly 3.4 million thousand tonnes. The key players were Covestro AG, Wanhua Chemical Group, BASF SE, and Huntsman Corporation. Although, Covestro AG gained the highest rank in terms of producing Aniline. Regionally, Asia Pacific held the position of the biggest consumer of Aniline during H1 2022. In India, aniline prices have been on a dramatic upward trend during January 2022. It was due to limited shipments from China as production was halted due to the Winter Olympics and lunar calendar holidays. The aniline market grew substantially due to strong demand and low supply in the Asia’s market. In addition, due to of COVID-19 cases and the implementation of lockdowns further affected trade in China, which led to a turmoil. Furthermore, geopolitical tensions led to higher prices of crude oil and upstream commodities, which impacted aniline prices in the Asian nations. However, sluggish demand in the Indian market contributed to the price decline across India in June 2022. The decline in imports and weak purchasing sentiment had led to fall in aniline prices. There was abundance of raw material in China as they purchased raw materials at cheap prices.
H2 2022: During H2 2022, the total production of Aniline had reached nearly 3.6 million tonnes across the globe, which was comparatively higher than H1 2022. In Asia Pacific region, the price trend of Aniline fluctuated during H2 2022. In the beginning months of H2 2022, Aniline prices fell due to weak demand from downstream industries across Asia. As the summer heat wave occurred in China, major Chinese MDI manufacturers had to reduce their operating rates under government orders. Additional factors like the depreciation of the currency of China due to the economic slowdown due to repeated lockdowns also had a negative impact on the Aniline prices. However, aniline market was bearish in China during September 2022. In September 2022, aniline prices again picked up on the trend owing to increased product purchases in India. It was observed that the aniline prices rose again from October 2022 due to strong demand from importing nations due to lower supplies and rising crude oil and benzene feedstock prices. In November 2022, prices began to fall across APAC as the trading activity had slowed due to supply chain disruptions and the global freight rates fell. In Europe, aniline prices rose as production rates were impacted by raw material supply shortages due to the Beixi Pipeline explosion. The product price trends changed from November 2022, owing to abundance of inventories in Europe.
The global Aniline market stood at nearly 7 million tonnes in 2022 and is expected to grow at a steady CAGR of 5.30% during the forecast period until 2032.
Phenylamine, often known as aniline (C6H5NH2), is an organic molecule made up of an amino group and a phenyl group. It is an oily, combustible liquid that is either colourless or slightly yellow in hue. It is produced via catalytic hydrogenation of nitrobenzene and has a high solubility in ether and alcohol as well as a low solubility in water. Aniline is an aromatic amine which is being popularly used as the key feedstock for manufacturing Methylene Diphenyl Diisocyanate (MDI), the key ingredient in polyurethane (PU) foams, which are widely used for insulation in construction, automotive, and plastic industries, the demand for Aniline is likely to witness robust growth in the forecast period.
Growing demand for rigid PU foam in construction and electronics industry and flexible PU foam in furniture and transportation sector is anticipated to propel the growth of the global Aniline market in the forecast period. Rising demand for innovative MDI materials for energy efficient insulating materials in buildings and refrigeration systems would accelerate the market growth in the forecast period. The consumption of aniline/MDI largely follows the patterns of the leading world economies and augurs well with growth in construction/remodeling activity, automotive production, and original equipment manufacturer (OEM). Other important application of Aniline is its use as a chemical intermediate in rubber industry where it is used in the production of vulcanization accelerators, activators, and anti-degradants. Other fields of Aniline application include dyes and pigments, agricultural chemicals, herbicides, dyes, photography and pharmaceuticals. Owing to these factors, the Aniline market is expected to reach 12 million tonnes in 2032.
Regionally, the Asia Pacific region is dominating the Aniline market followed by Europe. In 2022, Asia Pacific held a market share of approximately 55%. The reason for this is the expanding use of methylene diphenyl diisocyanate (MDI), which is made from aniline and used to make a variety of sealants and insulating materials for infrastructure purposes. One of the primary reasons favoring market expansion is the increase in residential and commercial building construction activities due to the expanding population in developing nations such as India, Japan, and China. China is the world's leading producer and consumer of polyurethanes and being the world’s largest automotive manufacturing hub, offers a humungous potential to the global Aniline market.
Based on the end-user industry, the global Aniline market is segmented into Methylene diphenyl diisocyanate (MDI), Rubber-processing Chemicals, Dyes & Pigments, and Others. Methylene diphenyl diisocyanate (MDI) manufacturing is the major consumer of the Aniline market and captured more than 74% of the market in 2022. Due to its expansive application, MDI manufacturing is expected to be the fastest-growing Aniline demand segment.
Major players in the production of Global Aniline are Covestro AG, Huntsman Corporation, BASF SE, Wanhua Chemical Group, Sumitomo Mitsui Chemical, Tosoh Corporation, BorsodChem MCHZ, Jilin Connell Chemical Industry Co., Ltd, Inner Mongolia Connell Chemical Industry Co., LTD, Gujarat Narmada Valley Fertilizers & Chemicals Limited, SP Chemicals Co., ltd., Bondalti Chemicals, S.A, Sinopec Nanjing Chemical Industries Co., Ltd., Karun Petrochemical Company, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Aniline which covers production, demand and supply of Aniline market in the globe.
• To analyse and forecast the market size of Aniline
• To classify and forecast Global Aniline market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Aniline market in the globe.
To extract data for Global Aniline market, primary research surveys were conducted with Aniline manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Aniline market over the coming years.
ChemAnalyst calculated Aniline demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw materials to produce Aniline. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Aniline manufacturers and other stakeholders
• Organizations, forums and alliances related to Aniline distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Aniline manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Aniline market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
7 million tonnes
Market size Volume by 2032
12 million tonnes
Growth Rate
CAGR of 5.30% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process, Policy and Regulatory Landscape.
Segments covered
By End-Use: [Methylene diphenyl diisocyanate (MDI), Rubber-processing Chemicals, Dyes & Pigments, and Others]
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Aniline market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Aniline.
3. Capacity By Location
To better understand the regional supply of Aniline by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Aniline by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry [Methylene diphenyl diisocyanate (MDI), Rubber-processing Chemicals, Dyes & Pigments, and Others] are creating a market and the forecast for the growth of the Aniline market.
7. Demand by Region
Analyzing the change in demand of Aniline in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Aniline. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Aniline.
10. Company Share
Figure out what proportion of the market share of Aniline is currently held by leading players across the globe.
11. Country-wise Export
Get details about quantity of Aniline exported by major countries.
12. Country-wise Import
Get details about quantity of Aniline imported by major countries.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of Aniline.
14. Policy and Regulatory Landscape
Gain a comprehensive understanding of the policy and regulatory landscape within the Aniline market.
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It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was global market size of Aniline in terms of volume in 2022?
Ans:
The global market size of Aniline has grown significantly in the historic period of 2015-2022 and reached nearly 7 million tonnes in 2022.
Q2.
Which end-use industry is dominating the Global Aniline market?
Ans:
The Methylene diphenyl diisocyanate (MDI) industry is dominating the Aniline market with a market share of about 74% in 2022.
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