Global Aniline Market Is Expanding Owing To Growing Adoption of Aniline in Formulating Rubber Processing Chemicals and Increasing Demand for Premium Furnishings and Automotive Interiors



Aniline Market
 Aniline Market 

Aniline is a basic aromatic amine, it is found naturally in coal tar, tobacco smoke, and in foods. The compound is used as a coloring agent and also as an intermediate for the production of polyurethane. It is a colorless to brown liquid that has a burning taste. When heated, it produces toxic fumes. There is evidence that aniline can cause kidney damage and red blood cell breakdown. Exposure to this dye may have adverse effects on the spleen. As an aromatic amine, it is a weak base. This means that it reacts vigorously with strong oxidants. During oxidation, it forms carbon-nitrogen bonds. These compounds can produce carbonyl products, which can fragment proteins. They also contribute to protein aggregation. The chemical has been identified as a probable carcinogen. It is also suspected that aniline dyes can affect the liver. It can have a negative effect on the eyes.

Growing automotive industry is estimated to augment growth of the global aniline market during the forecast period. For instance, Aston Martin, a British manufacturer of luxury sports cars introduced a new luxury SUV called ‘DBX707’ in February 2022. This new SUV can sprint from 0-100 km/h in 3.3s, it is claimed to be most powerful and luxury SUV in the world. Moreover, excessive exposure of MDI can cause respiratory tract irritation, and asthma it is anticipated to restrain growth of the global aniline market during the forecast period.

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).

The pandemic resulted in halting production in many industries. This was a result of the strict measures implemented by several government authorities in several countries. These strict regulations also caused cost escalation, halted production and supply chain disruptions in many industries. The slowdown of these activities also led to economic losses in many nations. Many construction activities were halted and the automotive industry also halted their production activities. This hampered the growth of the global aniline market, as there was a decrease in demand for aniline.

Key Takeaways:

The global market is estimated to witness robust growth, exhibiting CAGR of XX% during the forecast period, owing to increasing expansion by major players in the market. For instance, Aarti Industries Limited has been planning to complete all their projects related to the Unit for 3rd long term contract at Jhagadia, Expansion cum asset upgradation at Vapi and Specialty chemical blocks at several locations.

Asia Pacific is anticipated to witness significant growth in the global market over the forecast period, due to increasing automotive and construction sector.

Key players active in the global market are Tosoh Corporation, BASF Corporation, The Dow Chemical Company, Bayer Material Science, Sumika Bayer Urethane Co., Ltd., Borsodchem Mchz, Sumitomo Chemical, First Chemical Corporation, Sp Chemicals Holdings Ltd., Jilin Connell Chemical Industry Co., Ltd., Petrochina Co. Ltd., Hindustan Organics Chemicals Limited, Mitsui Chemical, and Narmada Chematur Petrochemicals Limited.

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