Global aniline market is expected to grow on account of increasing demand for MDI as an intermediate to produce sealants, elastomers, coatings and adhesives in polyurethane industry. Increasing consumption of aniline in OEM and construction industry is expected to propel market growth over the next six years. Growing end-use industries such as constructions, rubber, textiles, dyes, pigments, diphenylamine and pharmaceuticals are also poised to augment demand for aniline over the forecast period. Technological developments and stern government regulations concerning health and environmental effects of aniline are expected to plague market growth over the next seven years. However, development in disposable goods, logistics & infrastructure industry coupled with growing demand for corrosion inhibitors in the microelectronics industry are anticipated to propel aniline growth. Additionally, increasing aniline penetration in pharmaceuticals is expected to provide market growth opportunities.
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Asia Pacific is poised to be the fastest growing market owing to growing automotive and construction industries in emerging economies including China & India. Furthermore, growing electronics industry in Taiwan and Korea are anticipated to fuel the aniline market demand. EU countries and U.S are anticipated to follow Asia Pacific due to presence of numerous integrated aniline manufacturing firms. Moreover, emergence of new MDI facilities plants in Middle East is expected to propel aniline market growth. Growing aniline applications including rubber, plastics, petroleum, explosives, agricultural, chemical industries and explosives is expected to develop market demand over the next seven years.
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