H1 2023: Regionally, Asia Pacific was the leading consumer of n-Methyl Aniline in H1 2023. However, the price movements were fluctuating throughout H1 2023 in the Asia Pacific region. In February 2023, prices experienced an upturn in India, driven by heightened demand from downstream Agrochemical industries in India. The supply remained stable, and the upward price trajectory was influenced by expensive imports. With demand reaching elevated levels, the positive performance of downstream industries persisted. In March 2023, N-Methyl Aniline prices in India remained subdued despite demand, primarily due to a lacklustre demand. In April, n-Methyl Aniline prices experienced a rebound in India, maintaining this upward trajectory till June 2023. Notably, there was an observed increase in n-Methyl Aniline prices in India. The steep price rise was attributed to a short-term shortage in availability, a key factor influencing market dynamics. Expensive imports from key players further contributed to this price surge. The sustained uptrend in n-Methyl Aniline prices was driven by consistently improving demand fundamentals, coupled with a poor availability of the product. Demand in the Agrochemical segment remained moderate to high in the Indian market.
The global n-Methyl Aniline market has expanded to reach approximately 180 thousand tonnes in 2022 and is expected to grow at a healthy CAGR of 3.7% during the forecast period until 2032.
N-Methyl Aniline (NMA) is a versatile chemical compound widely utilized across varios industries. Serving as a key building block, it finds application in dye synthesis, contributing to vibrant coloration in textiles. In the pharmaceutical sector, NMA acts as an essential intermediate for drug synthesis, while its role in the agrochemical industry involves the creation of pesticides and herbicides. Additionally, NMA is instrumental in the rubber industry for the synthesis of accelerators that enhance rubber properties. Functioning as a chemical intermediate, it plays a diverse role in the creation of various organic compounds. Despite its varied applications, adherence to safety measures is crucial due to its chemical nature. The multifaceted uses of N-Methyl Aniline underscore its importance as a foundational component in the synthesis of diverse industrial products, spanning pharmaceuticals, textiles, chemical,etc.
N-Methyl Aniline (NMA) stands as a vital in various industries due to its dynamic role in critical sectors. NMA market is primarily driven by its usage as an intermediate in the production of pesticides and herbicides in the agriculture sector. The demand in the dye industry also fuels substantial growth, with NMA playing a pivotal role in the synthesis of vibrant colours for textiles. The pharmaceutical sector act as strong drivers, leveraging NMA's significance as a crucial intermediate in drug synthesis.The versatility of NMA as a chemical intermediate is a driving force, creating growth opportunities in diverse chemical processes and applications. Additionally, NMA's involvement in the expanding polyurethane market, driven by the demand for insulation materials and flexible foams, positions it favourably in the construction and insulation material sectors, further propelling its market growth. The global n-Methyl Aniline market is anticipated to reach 260 thousand tonnes by 2032.
Based on region, Asia Pacific region dominates the n-Methyl Aniline market. The Asia Pacific region is set to exert dominance in the N-Methyl Aniline (NMA) market, leveraging its status as a pivotal global manufacturing hub. With robust infrastructure and heightened capabilities, particularly in China and India, the region emerges as a significant producer and consumer of NMA. The upswing in critical end-user sectors such as Dyes and Pigments, pharmaceuticals, agrochemicals, and chemical underscores the region's leadership. As Asia Pacific witnesses a surge in the chemical industry, NMA's role as a versatile chemical intermediate aligns seamlessly with this expansion. The region's pre-eminence in textile manufacturing, combined with escalating demand for vibrant coloration, fuels the necessity for NMA in dye synthesis. Strategic investments in research and development enhance the region's competitive edge.
Based on the end-use, the global n-Methyl Aniline market is segregated into Agrochemicals, Dyes and Pigments, Chemical Intermediate, and Others. However, the Agrochemicals industry is dominating the n-Methyl Aniline market and accounted a market share of approximately 38% in 2022.
Major players in the Global n-Methyl Aniline market are Hefei TNJ Chemical Industry Co. Ltd., Changzhou Baolong Chemicals Co. Ltd., Hangzhou Dayangchem Co. Limited.
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 n-Methyl Aniline which covers production, demand and supply of N-Methyl Aniline market in the globe.
• To analyse and forecast the market size of n-Methyl Aniline
• To classify and forecast Global n-Methyl Aniline market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of n-Methyl Aniline market in the globe.
To extract data for Global n-Methyl Aniline market, primary research surveys were conducted with n-Methyl 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 n-Methyl Aniline market over the coming years.
ChemAnalyst calculated n-Methyl Aniline demand in the globe by analyzing the historical data and demand forecast which was carried out considering the demand of n-Methyl Aniline by the end-user industries across the globe. 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:
• n-Methyl Aniline manufacturers and other stakeholders
• Organizations, forums and alliances related to n-Methyl 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 n-Methyl Aniline manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global n-Methyl 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
180 thousand tonnes
Market size Volume by 2032
260 thousand tonnes
Growth Rate
CAGR of 3.7% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand 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, Manufacturing Process.
Segments covered
By End-Use: (Agrochemicals, Dyes and Pigments, Chemical Intermediate, 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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What is the expected global market size of n-Methyl Aniline in terms of volume for 2032?
Ans:
The global market size of n-Methyl Aniline is expected to grow to reach approximately 180 thousand tonnes by 2032.
Q2.
Which region is dominating the Global N-Methyl Aniline market?
Ans:
The Asia Pacific region is dominating the n-Methyl Aniline market with a market share of roughly 35% in 2022.
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