Jersey City, New Jersey, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Aniline Derivative Market” By Derivative Type (Aniline, Methyl-Anilines, Ethyl-Anilines), By Application (Chemical, Dyes and Pigments, Pharmaceuticals, Agrochemical), and By Geography. According to Verified Market Research, the Global Aniline Derivative Market size was valued at USD 7.38 Million in 2020 and is projected to reach USD 11.23 Million by 2028, growing at a CAGR of 4.93% from 2021 to 2028.
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Browse in-depth TOC on “Aniline Derivative Market”
202 - Pages
126 – Tables
37 – Figures
Global Aniline Derivative Market Overview
The rise in the demand for aniline derivatives by various end-use industries as a raw material in the production of several end-products is expected to propel the growth of the global aniline market. Besides, due to the rapid industrialization in developed and developing countries, increasing R&D activities in the petroleum industry are some of the other factors that drive the market growth. Besides, increasing automotive sales across the globe, along with the high adoption of aniline by automotive manufacturers for the production of methylene diphenyl diisocyanate foams is further expected to drive the growth of the target market. The aniline derivatives market has been experiencing potential growth owing to the rising demand in the rubber industry.
The derivative of aniline is majorly used in the manufacturing of rubber chemicals and dyes. With the increasing application of the aniline derivative as the active ingredient in agriculture, plastic, textile, inks, and others emerges a lucrative opportunity. Owing to the expansion of these industries across the globe the demand for the market also increases. The growing production of polyurethane owing to the increasing use of plastics in the production of medical devices such as masks, tubes, bags, and catheters is likely to impel positive factors. The properties associated with the use of aniline derivatives such as low weight, high sterilization resistance, quick manufacturing ability, cost-effectiveness, resistance to hazardous chemicals likely to propel the growth of the market.
Key Players
The major players in the market are Covestro AG, Lanxess, BorsodChem MCHZ, Azelis Holding S.A., Aarti Industries, Industrial Solvents & Chemicals Pvt. Ltd, BASF Corporation, Karoon Petrochemical Company, Panoli Intermediates India Private Limited, Valiant Organics Limited.
Verified Market Research has segmented the Global Aniline Derivative Market On the basis of Derivative Type, Application, and Geography.
- Aniline Derivative Market, By Derivative Type
- Aniline
- Methyl-Anilines
- Ethyl-Anilines
- Other Aniline Derivatives
- Aniline Derivative Market, By Application
- Chemical
- Dyes and Pigments
- Pharmaceuticals
- Agrochemical
- Others
- Aniline Derivative Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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