Aniline Hydrochloride Market size (2023 - 2030)

Global Aniline Hydrochloride Market is estimated to be worth USD 1.783 Billion in 2022 and is projected to reach a value of USD 3.06 Billion by 2030, growing at a CAGR of 7% during the forecast period 2023-2030.

Aniline hydrochloride, often known as aminobenzene, is an organic chemical having the molecular formula C6H5NH2. Aniline Hydrochloride is a green or white crystalline (sand-like) powder. Aniline is the archetypal aromatic amine, consisting of an amine linked to a benzene ring. Although it is a precursor to several industrial compounds, its primary application is in the production of polyurethane precursors. Aniline is colourless, but it progressively oxidises and resinifies in the air, giving aged samples a red-brown tinge. This compound is sensitive to air and light. This compound has desirable properties like solubility, stability, regulation, controlled reaction, compatibility with other compounds, availability, and many more which makes this a desirable chemical to be used in various industries. The new emerging applications, global and economic conditions, and consumer trends have caused a significant impact driving the industry growth.

Global Aniline Hydrochloride Market Drivers:

The extensive applications of aniline hydrochloride in various industries are the key factor driving the market growth.

Aniline hydrochloride is used in a wide range of industries like dye and pigments, textile, automotive, packaging, consumer goods, etc. Secondly, there has been a lot of research and innovations, technological advancements, and urbanization further driving the market growth. Aniline hydrochloride is converted into methylene diphenyl diisocyanate (MDI) through various chemical reactions. MDI is further used in the production of Polyurethane. MDI-based Polyurethane foam is used extensively in many industries like furniture, footwear, appliances, insulation, etc. The role of aniline hydrochloride in various industries plays a crucial role in boosting demand.

Global Aniline Hydrochloride Market Challenges:

Aniline derivatives are toxic in nature. Aniline Hydrochloride can affect an individual when breathed in and by passing through the skin. Contact can irritate and burn the skin and eyes. High levels can interfere with the ability of the blood to carry oxygen causing headache, fatigue, dizziness, and blue color to the skin and lips causing methemoglobinemia. The workforce involved have to take precautions like wearing gloves, masks, sanitation, etc. Any negligence can tend to have serious repercussions. Additionally, fluctuating prices can cause hinder the growth of the industry.

Global Aniline Hydrochloride Market Opportunities:

There has been a focus on developing sustainable materials causing a lesser impact on the environment and pollution. Secondly, R&D activities are being encouraged to create further advanced materials. Thirdly, collaborations between companies and emerging markets have been a boon causing industrial growth. Furthermore, these compounds are being researched and employed for use in the pharmaceutical, pain, and dye industries which will further boost the growth rate.

COVID-19 Impact on the Global Aniline Hydrochloride Market:

Social distancing, lockdowns, and movement restrictions were the new norm during the pandemic. This hampered the supply chain and import-export trade. Moreover, labor shortages, and the closure of industries, manufacturers, and suppliers resulted in an economic slowdown. All these factors took a negative toll on the industry. However, post-pandemic, with the upliftment and relaxation of rules and regulations the industry picked up showing a considerable growth rate.

Global Aniline Hydrochloride Market Recent Developments:

• In the first quarter of 2023, RK Synthesis Limited commissioned a new project at Vagra, Bharuch for the manufacture of Aniline in India with an annual capacity of 12.5 thousand tonnes per annum.

• In October 2022, Covestro broke ground in Antwerp for a new world-scale production facility for the manufacture of aniline. With the capacity expansion, the company strengthened its European production network for the foam component MDI. For this purpose, Covestro invested more than €300 million.

• In July 2022, reports and newspapers published that researchers from the University of Glasgow demonstrated a new method of creating anilines that were greener and cleaner.

ANILINE HYDROCHLORIDE MARKET REPORT COVERAGE:

Global Aniline Hydrochloride Market Segmentation: By Application

• Dye and Pigments

• Chemicals

• Pharmaceutical purpose

• Others

Based on application, aniline hydrochloride is the largest and fastest growing in the dye and pigment industry. This compound is desirable because of its superior properties of colour variation, versatility, controlled chemical synthesis, and reactive nature. Pharmaceutical and chemical sectors see notable growth owing to their precursor nature and intermediate properties.

Global Aniline Hydrochloride Market Segmentation: By End-User

• Building and Construction

• Rubber Industry

• Consumer Goods

• Automotive

• Packaging

• Others

Based on end-user, building, and construction is the largest growing as this compound can be used in paints, dyes and pigments, coating, etc. Additionally, it gives an aesthetic appeal driving the demand. The rising construction infrastructure projects across the globe are also a major contributor to the growing market size. The automotive industry is the fastest growing. Although aniline hydrochloride is not directly used, the intermediate and derivatives are used for colouring and coatings of interior and exterior parts.

Global Aniline Hydrochloride Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

Asia Pacific dominates the market. Countries like China, India, and Japan were among the top leading countries. This growth is mainly attributed to the extensive growth and demand in textiles, coating, chemicals, and staff expertise. North America is the fastest growing segment owing to the R&D innovations, availability of resources, and technological advancements. The USA is a top leading country in North America. The surging demand for aniline hydrochloride in the U.S. may be due to new construction and remodeling activities in the country. The demand for aniline is anticipated to rise from emerging economies, such as China, India, and Indonesia. Europe is also one of the prominent players because of the chemical industry, collaborations, and demand. Germany, the UK, and France are the top leading companies. The Middle East and Africa are among the other regions that are estimated to witness minimal growth in the forecast period.

Global Aniline Hydrochloride Market Key Players:

1. BASF SE

2. Sumitomo Chemical Co Ltd

3. Hexion Inc

4. Huntsman Corporation

5. Merck KGaA

6. UBE Industries

7. Jubilant Life Sciences

8. Sinopec

9. Anhui Bayi Chemical Industry Co Ltd

10. Reliance Industries Ltd