Synthetic and Bio-based Aniline Market Size was valued at USD 9.63 Billion in 2023. The synthetic and bio-based aniline market industry is projected to grow from USD 10.43 Billion in 2024 to USD 18.24 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.24% during the forecast period (2024 - 2032). The market for synthetic and bio-based anilines is expanding significantly as a result of market driver, including the rising demand for products containing anilines across various industries. Due to environmental concerns and sustainability measures, the market is transitioning towards bio-based aniline. Important market participants are investing in R&D initiatives to improve the production process and create environmentally friendly alternatives.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Since polyurethane rigid foams have so many uses in the building and automotive industries, demand for them is rising. Laminated insulation panels made of rigid polyurethane foams with a range of facings are created. With resistance to moisture, heat, and electricity, polyurethane foams are chemically stable, lightweight, adaptable, flexible, and durable. As a result of their low compression, they provide better sealing, cushioning, and vibration control properties. They are therefore utilised in the development of both residential and non-residential structures, as well as in the manufacturing, oil, and gas, and other sectors. Polyurethane foams are used to insulate onshore and offshore pipelines, and they also ensure the efficient functioning of business operations in the oil and gas sector. Rigid polyurethane foam prevents freezing, maintains optimum fluid viscosity, safeguards expensive machinery, and effectively distributes and reuses heat for higher efficiency. The market CAGR for synthetic and bio-based aniline is therefore driven by the high demand for polyurethane rigid foams.
The coatings industry is seeing a rise in demand for MDI. The production of stiff polyurethane (PU) foams, which are in high demand in the automotive, construction, and plastic industries, relies heavily on methylene diphenyl diisocyanate. Due to its use in adhesives, sealants, coatings, etc., there is also a growth in demand for MDI. They are also employed by businesses to apply insulation to building walls and roofs. These are a few of the contributing elements to the increase in MDI demand, which in turn fuels the synthetic and bio-based aniline industry.
The majority of the market for synthetic and bio-based aniline is used to make MDI (methylene diphenyl diisocyanate). This Methylene Diphenyl Diisocyanate is crucial in the creation of stiff polyurethane (PU) foams, which are in high demand in the construction and automotive industries, among others. Laminated insulation panels made of rigid polyurethane foams are created with a range of facings. Chemically stable, adaptable, lightweight, flexible, and durable, polyurethane foams offer resistance to moisture, heat, and electricity. Due to their low compression property, they have superior sealing, cushioning, and vibration control qualities. So they are employed in the development of both residential and non-residential structures, as well as in the automobile, oil and gas, and other related industries. Thus, driving the synthetic and bio-based aniline market revenue.
The synthetic and bio-based aniline market segmentation, based on type includes Synthetic and Bio-Based. The bio-based segment dominated the market due to rising consumer demand for environmentally friendly goods.
The synthetic and bio-based aniline market segmentation, based on process, includes Nitrobenzene and Chlorobenzene. The nitrobenzene category generated the most income. Due to its higher product recovery, quicker reaction rate, and superior yield, nitrobenzene reduction is the most often utilised industrial technique.
The synthetic and bio-based aniline market segmentation, based on application includes MDI and Rubber Processing Chemical. The MDI segment dominated the market. This is because MDI, which produces polyurethane foam, critically depends on synthetic and bio-based aniline. Additionally, a rise in rubber's applications is fueling the worldwide synthetic and bio-based aniline market's expansion throughout the projection period.
Figure 1: Synthetic and Bio-based Aniline Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The synthetic and bio-based aniline market segmentation, based on end-use industry includes Construction, Automotive and Home Furnishing. The construction segment dominated the market. This is because construction businesses frequently utilize rigid and spray polyurethane foam since they must adhere to international building requirements for energy efficiency. Buildings that are energy efficient are now preferred by home builders and owners, following a recent trend.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American synthetic and bio-based aniline market area will dominate this market due to an increase in construction activity following the financial crisis of the previous ten years' recovery. The market for synthetic and bio-based aniline will continue to develop as long as the automobile industry in North America experiences strong growth. Since nitrobenzene is the main raw material used to produce aniline, the United States' high nitrobenzene production will likewise have a favorable impact on the industry's expansion in North America.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: SYNTHETIC AND BIO-BASED ANILINE MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe synthetic and bio-based aniline market accounts for the second-largest market share due to increased auto production in nations like Germany, France, the UK, and Spain. The growing building industry in the developing nations of Central and Eastern Europe will also have an impact on the European market. Further, the German synthetic and bio-based aniline market held the largest market share, and the UK synthetic and bio-based aniline market was the fastest growing market in the European region
The Asia-Pacific synthetic and bio-based aniline market is expected to grow at the fastest CAGR from 2023 to 2032 due to the expanding automotive and infrastructure sectors. To meet the growing demand from the region's emerging countries, major corporations are increasing their aniline production capacity in China. It is anticipated that rising electronics output in China, Taiwan, and Korea would further fuel the expansion of the Asia Pacific market. Moreover, China’s synthetic and bio-based aniline market held the largest market share, and the Indian synthetic and bio-based aniline market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the synthetic and bio-based aniline market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, synthetic and bio-based aniline industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the synthetic and bio-based aniline industry to benefit clients and increase the market sector. In recent years, the synthetic and bio-based aniline industry has offered some of the most significant advantages to market. Major players in the synthetic and bio-based aniline market attempting to increase market demand by investing in research and development operations include BASF SE (Germany), Huntsman International LLC. (U.S.), GNFC. (India), China Petroleum & Chemical Corporation (China), Sumitomo Chemical Co., Ltd. (Japan), Tosoh Corporation (Japan), Covestro AG (Germany), Borsodchem Mchz S.R.O. (Czech Republic), SP Chemicals Holdings Ltd. (Singapore), Arrow Chemical Group Corp. (China), and DowDuPont Inc. (U.S.).
Tosoh Corp. is a manufacturer and distributor of petrochemicals, fine chemicals, specialized products, and basic chemicals for industry. It also produces and sells materials for high-tech and specialized industries. Olefins, functional polymers, polyethylene, cement, caustic soda, measuring and diagnostic tools, inorganic and organic fine chemicals, functional materials, and urethane materials are among the company's product offerings. Additionally, it provides services including product delivery and logistics, insurance brokerage, equipment maintenance, and product sale and purchase.
Product manufacturers Covestro Deutschland AG produce polymers. The business manufactures and sells sealants, polycarbonates, polyurethanes, adhesives, coatings, and adhesives. The automotive, building, health, electronics, and medical engineering sectors are all served by Covestro Deutschland. Products range from thermoplastic polyurethane and polycarbonate pellets through isocyanates and polyols for cellular foams, as well as polyurethane-based additives used in the creation of coatings and adhesives. Formerly known as Bayer MaterialScience, it is a Bayer spin-off company that was established in the autumn of 2015.
February 2022: Launched recently, the Aston Martin DBX707 is the most significant luxury SUV in the world and offers a wide range of gearbox, engine, brake and suspension improvements. Alcantara, Inspires - Comfort, and Inspire Sport come with fully and semi-aniline leather seats that also have embroidered Aston Martin wings on the headrest, a contrast stripe down the middle of the seat, a perforation pattern in the back seat, and a base cushion.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 9.63 Billion |
| Market Size 2024 | USD 10.43 Billion |
| Market Size 2032 | USD 18.24 Billion |
| Compound Annual Growth Rate (CAGR) | 7.24% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Process, Application, End- Use Industry and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | BASF SE (Germany), Huntsman International LLC. (U.S.), GNFC. (India), China Petroleum & Chemical Corporation (China), Sumitomo Chemical Co., Ltd. (Japan), Tosoh Corporation (Japan), Covestro AG (Germany), Borsodchem Mchz S.R.O. (Czech Republic), SP Chemicals Holdings Ltd. (Singapore), Arrow Chemical Group Corp. (China), and DowDuPont Inc. (U.S.) |
| Key Market Opportunities | Introduction of the bio-based alternative of aniline by Covestro AG company |
| Key Market Dynamics | Increasing demand for MDI based PU foams |
Synthetic Bio-Based Aniline Market Highlights:
Frequently Asked Questions (FAQ) :
The synthetic and bio-based aniline market size was valued at USD 9.63 Billion in 2023.
The synthetic and bio-based aniline market is projected to grow at a CAGR of 7.240% during the forecast period, 2024-2032.
North America had the largest share in the synthetic and bio-based aniline market.
The key players in the synthetic and bio-based aniline market are BASF SE (Germany), Huntsman International LLC. (U.S.), GNFC. (India), China Petroleum & Chemical Corporation (China), Sumitomo Chemical Co., Ltd. (Japan), Tosoh Corporation (Japan), Covestro AG (Germany), Borsodchem Mchz S.R.O. (Czech Republic), SP Chemicals Holdings Ltd. (Singapore), Arrow Chemical Group Corp. (China), and DowDuPont Inc. (U.S.).
The bio-based category dominated the synthetic and bio-based aniline market in 2023.
The construction category had the largest share in the synthetic and bio-based aniline market.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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