(MENAFNEditorial)
Global aniline market is expected to grow on account of increasing demand for MDI as an intermediate to produce sealants elastomers coatings and adhesives in polyurethane industry. Increasing consumption of aniline in OEM and construction industry is expected to propel market growth over the next six years. Growing end-use industries such as constructions rubber textiles dyes pigments diphenylamine and pharmaceuticals are also poised to augment demand for aniline over the forecast period. Technological developments and stern government regulations concerning health and environmental effects of aniline are expected to plague market growth over the next seven years. However development in disposable goods logistics & infrastructure industry coupled with growing demand for corrosion inhibitors in the microelectronics industry are anticipated to propel aniline growth. Additionally increasing aniline penetration in pharmaceuticals is expected to provide market growth opportunities.
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Asia Pacific is poised to be the fastest growing market owing to growing automotive and construction industries in emerging economies including China & India. Furthermore growing electronics industry in Taiwan and Korea are anticipated to fuel the aniline market demand. EU countries and U.S are anticipated to follow Asia Pacific due to presence of numerous integrated aniline manufacturing firms. Moreover emergence of new MDI facilities plants in Middle East is expected to propel aniline market growth. Growing aniline applications including rubber plastics petroleum explosives agricultural chemical industries and explosives is expected to develop market demand over the next seven years.
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Increasing investments by major market participants in R&D coupled with growing M&A are poised to augment aniline market growth over the forecast period. In addition rising number of patents by key players for production of aniline is expected to increase industry rivalry and barriers for new entrants. Dow Polyurethanes and Jilin Connell Chemical Industry Co. Ltd signed a LOI in 2011 for provision of aniline to U.S. gulf coast. Bayer MaterialScience bought DuPont’s aniline manufacturing plant in order to fulfill growing demand from construction market and home comfort trends. Government approval for doubling the output capacity at Lianheng Isocyanate a joint venture of Huntsman BASF Sinopec Shanghai Gao Qiao Petrochemical Corporation Shanghai Hua Yi and Shanghai Chlor-Alkali Chemical Co is anticipated to create growth opportunities for the firm.
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