- The key vendors in the global aniline market 2015-2019 are BASF, Bayer MaterialScience, DuPont, Huntsman and Wanhua Chemical Group.
London, 14 August 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global aniline market 2015-2019. Augmented demand for aniline in the Middle East is one of the key trends upcoming in the market. Rapid growth in the construction and automotive industries has led to an increased demand for aniline in the region. By 2018, the annual sales of vehicles in the Middle East are expected to reach over 10 million. The global aniline market 2015-2019 is estimated to grow at a CAGR of around 7% during the forecast period 2014-2019.
More than 80% of aniline is used to manufacture methylene diphenyl diisocyanate (MDI). MDI-based PU is increasingly used in the construction, plastic, and automotive industries. The increased consumption of aniline in the agriculture, insulation, consumer goods, transportation, adhesives, sealants, coatings, electronics, photography, pulp and paper, textiles, packaging, and pharmaceuticals industries is also boosting market growth.
“There has been a significant increase in the market size of end-use industries for aniline, including both MDI and other industries,” says Faisal Ghaus, Vice President of Technavio Research.
“MDI is used in insulation and packaging materials, rubber products, and consumer goods, thereby driving the demand for aniline.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
