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Synthetic & Bio-based Aniline Market Size to showcase significant growth via rubber products end-user segment by 2024

Author : Ronak Bora | Published Date : 2019-08-08 

The end-user segment in synthetic & bio-based aniline market include construction, textiles, agriculture, rubber products, adhesives & sealants, transportation, packaging industry, consumer goods, etc. Among these, transportation industry will generate revenue over USD 2 billion with CAGR around 6.5% in forecast spell. Increasing automotive production coupled with rising road infrastructure construction activity in Asia Pacific is likely to spur the product demand for this segment over the forecast period.

The product segment is divided into synthetic and bio-based aniline types. Among these, synthetic aniline will likely grow over 6% CAGR in future. Bio-based products will likely witness significant gains in the coming years as it is recently commercialized and has lower ecological footprint when compared with the synthetic ones.

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Its application segment is fragmented into methyl di-p-phenylene isocyanate (MDI), dyes & pigments, agrochemicals, as a processing chemical in rubber industry, etc. Among these, rubber processing segment will generate revenue over USD 1.4 billion in forecast period. Increasing demand for tires in automotive sector in the U.S. and Asia region will boost the product usage in rubber processing industry.

One of the key factors that has been forecast to propel synthetic & bio-based aniline market is the establishment of new aniline facilities across myriad geographies. The Ministry of Chemicals and Petrochemicals, for instance, in 2014, had taken Hindustan Organic Chemicals Ltd. (HOCL) under its wing, on a top priority basis, as a part of its public-sector restructuring program. A valuation of close to INR 500 crore had been spent by the government for the same, and a vital part of the project was inclusive of the Rasayani plant that manufactures aniline, nitric acid, and other chemicals. Endowed with government grants and a broad end-use array, synthetic and bio-based aniline industry size has been forecast to depict a CAGR of 6.5% over 2017-2024.

The significant growth in construction sector will spur the synthetic & bio-based aniline market demand in forecast time frame, as product is extensively used in building construction for roofing and insulation purposes. Basically, aniline is used to produce MDI and TDI, which is further used to synthethe polyurethane foams. These products find its wide application in appliances, transportation, furniture and construction industries due to its heat and water resistance features.

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

China has been touted to be the next epicenter for the growth of synthetic & bio-based aniline market. The year 2016 witnessed the China synthetic & bio-based 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 & bio-based aniline industry.

The key producers in the synthetic & bio-based aniline market include Jilin Connell Chemical Industry, Yantai Wanhua, Sinopec, The Chemours, Sumitomo Chemical, Dow, Hindustan Organic Chem, Volzhsky Orgsintez, Tosoh, BASF, Sinopec, SP Chemicals and Shandong Jinling, etc.

Glimpse of Table of Content (ToC)

Chapter 6.  Synthetic & Bio-based Aniline Market, By Application

6.1.  Global synthetic & bio-based aniline market share by application, 2016 & 2024

6.2.  Methyl di-p-phenylene isocyanate (MDI)

6.2.1.   Market estimates and forecasts, 2013 - 2024

6.2.2.    Market estimates and forecasts by region, 2013 – 2024

6.3.  Rubber processing chemicals

6.3.1.   Market estimates and forecasts, 2013 - 2024

6.3.2.    Market estimates and forecasts by region, 2013 – 2024

6.4.  Agrochemicals

6.4.1.   Market estimates and forecasts, 2013 - 2024

6.4.2.    Market estimates and forecasts by region, 2013 – 2024

6.5.  Dyes & pigments

6.5.1.   Market estimates and forecasts, 2013 - 2024

6.5.2.    Market estimates and forecasts by region, 2013 – 2024

6.6.  Others

6.6.1.   Market estimates and forecasts, 2013 - 2024

6.6.2.    Market estimates and forecasts by region, 2013 – 2024

Chapter 7.  Synthetic & Bio-based Aniline Market, By End-user

7.1.  Global synthetic & bio-based aniline market share by end-user, 2016 & 2024

7.2.  Construction

7.2.1.   Market estimates and forecasts, 2013 - 2024

7.2.2.    Market estimates and forecasts by region, 2013 – 2024

7.3.  Rubber products

7.3.1.   Market estimates and forecasts, 2013 - 2024

7.3.2.    Market estimates and forecasts by region, 2013 – 2024

7.4.  Transportation

7.4.1.   Market estimates and forecasts, 2013 - 2024

7.4.2.    Market estimates and forecasts by region, 2013 – 2024

7.5.  Consumer goods

7.5.1.   Market estimates and forecasts, 2013 - 2024

7.5.2.    Market estimates and forecasts by region, 2013 – 2024

7.6.  Adhesives & sealants

7.6.1.   Market estimates and forecasts, 2013 - 2024

7.6.2.    Market estimates and forecasts by region, 2013 – 2024

7.7.  Packaging industry

7.7.1.   Market estimates and forecasts, 2013 - 2024

7.7.2.    Market estimates and forecasts by region, 2013 – 2024

7.8.  Textiles

7.8.1.   Market estimates and forecasts, 2013 - 2024

7.8.2.    Market estimates and forecasts by region, 2013 – 2024

7.9.  Agriculture

7.9.1.   Market estimates and forecasts, 2013 - 2024

7.9.2.    Market estimates and forecasts by region, 2013 – 2024

7.10.  Others

7.10.1. Market estimates and forecasts, 2013 - 2024

7.10.2.       Market estimates and forecasts by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/synthetic-and-bio-based-aniline-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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