Global Market Insights, Inc. adds new Synthetic & Bio-based Aniline Market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.
High growth in Asia Pacific packaging industry will augment the synthetic & bio-based aniline demand throughout the forecast years as the product is a precursor to MDI, which in turn is used in manufacturing polyurethane foams. Polyurethane is extensively used to manufacture rigid as well as flexible plastic packaging materials and their rising demand for interstate to transcontinental transportation of substances boosted by the growing logistics industry will supplement the synthetic & bio-based aniline market up to 2024. The global plastic packaging market was valued at around USD 285 billion in 2016 and is set to exceed 400 billion in 2024.
One of the latest trends making inroads in Synthetic & Bio-Based Aniline Market is that of manufacturing biologically derived anilines, pertaining to the ongoing furor regarding environmental safety. Anilines, traditionally manufactured from nitrobenzene, are utilized to develop rubber processing chemicals, dyes & pigments, agrochemicals, and MDI, which are further used in a slew of end-use domains such as the rubber, transportation, automotive, construction, textiles, packaging, consumer goods, agriculture, and adhesive & sealant sectors.
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Covestro has been deploying aniline as a feedstock for a considerably long while now for manufacturing rigid polyurethane foams that find applications across numerous end-use sectors. Currently, Covestro, following the lines of its contemporaries, has been manufacturing aniline from benzene, however, the synthetic & bio-based aniline industry giant has derived a new aniline development process that uses industrial sugar manufactured from an organic source that does not compete with food. If and when commercialized, this product is likely to bring about a revolution in synthetic & bio-based aniline market. Mobilized by sustainability trends, synthetic and bio-based aniline industry size, it is forecast, will exceed USD 19 billion by 2024.
Consequential instances depicting the magnitude of M&As in synthetic & bio-based aniline industry
In 2016, the chemical cosmos was ablaze with the news of Chemours Co. selling its aniline facility to Dow. Having been initiated in the last quarter of 2015, The Dow Chemical Company signed a definitive agreement with the well-known synthetic & bio-based aniline market participant, Chemours Co. to purchase its aniline production facility at Beaumont, Texas, for a valuation of approximately USD 140 million. Apparently, the Wilmington-based company had sold the plant as a part of its strategy to divest USD 350 million from its budget by 2017.
As per the terms of the deal, Chemours is also expected to meet Dow’s additional requirement for aniline by supplying the precursor from its facility at Pascagoula, Mississippi. Selling its Texas plan to Dow has been touted to be a rather well-thought out tactic by the synthetic & bio-based aniline industry giant, since Dow has been Chemours’ biggest aniline customer since decades.
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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.
In 2014, renowned firms partaking in synthetic & bio-based aniline market share including the likes of BASF SE, Shanghai Huayi, Huntsman Corp., SINOPEC, and the Shanghai Chlor-Alkali Chemical Co., Ltd., had planned to construct a new plant that would manufacture close to 240,000 MT (metric tons) of crude diphenylmethane diisocyanate (MDI) on an annual basis at Shanghai Lianheng Isocyanate Co. Ltd., located in Caojing, China. The new plant was expected to commence in the year 2017 and has been designed with an aim to double the capacity of MDI production to 480,000 metric tons/year. This has undeniably propelled synthetic & bio-based aniline industry, given that aniline is extensively used in manufacturing MDI.
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:
Synthetic & bio-based aniline market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:
Synthetic & Bio-based Aniline Market by Process
- Reduction of nitrobenzene
- Substitution of chlorobenzene
Synthetic & Bio-based Aniline Market by Product
- Synthetic aniline
- Bio-based aniline
Synthetic & Bio-based Aniline Market by Application
- Rubber processing chemicals
- Dyes & pigments
Synthetic & Bio-based Aniline Market by End-user
- Rubber products
- Consumer goods
- Adhesives & sealants
- Packaging industry
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- Latin America
- South Africa
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.