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Synthetic Aniline Market Size 2019 In-Depth Analysis of Industry Share, Size, Growth Outlook up to 2024

Author : Rahul Varpe | Published Date : 2019-08-05 

The synthetic aniline market is categorized into two processes which are substitution of chlorobenzene and reduction of nitrobenzene. Reduction of nitrobenzene is a more popular process accounting for most of the market in 2016. This segment will generate beyond USD 18 billion by 2024.

According to product, the industry is segmented into bio-based and synthetic types. Bio-based aniline will be commercialized in 2017 and will gain in market share in the later stage of the forecast timespan. Synthetic segment will grow by around 6% CAGR throughout the forecast timespan.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2064

Rubber processing chemical is a significant application segment for the synthetic aniline market which will generate a revenue beyond USD 1.5 billion in 2024. Increasing tire demand from the rapidly growing automotive industry in Asia Pacific and North America will drive aniline usage as rubber processing chemicals.

China has been touted to be the next epicenter for the growth of synthetic aniline market. The year 2016 witnessed the China synthetic aniline market player, Jilin Connell Chemical Industry Co. selecting Honeywell UOP’s Advanced MTO (methanol-to-olefins) process for deploying coal resources to manufacture propylene and ethylene for plastics. Given the extensive demand for plastics in the packaging sector, it goes without saying that Connell’s collaboration with Honeywell will accelerate the demand for plastic from the packaging sector, which in a way, will indirectly have a marginal effect on synthetic aniline market.

Asia Pacific is a significant regional market which will account for around 40% of the global industry in 2024. Rising polyurethane packaging material production in China along with the fast-developing automobile and construction industries will significantly contribute to the regional synthetic aniline market development.

Browse key industry insights spread across 160 pages with 265 market data tables & 13 figures & charts from the report, “Synthetic Aniline Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/synthetic-and-bio-based-aniline-market

Major manufacturers in the synthetic aniline market include Chemours, BASF, Dow Chemicals, Huntsman, Sinopec, Sumitomo Chemical, Tosoh Corporation, Covestro, Hindustan Organic Chemicals, Yantai Wanhua Polyurethane Company, BorsodChem, Jilin Connell Chemical Industry, Volzhsky Orgsintez, Shandong Jinling Group, SP Chemicals, etc.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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