Aniline Market Size, Share, Growth Analysis, By Type(Salt, Sulfur, n-Methyl, and others), By Application(Dyes & Pigments, Rubber Chemical, Methyl Diphenyl, Pharmaceuticals), By Industry Vertical(Building & Construction, Rubber, Consumer Goods, Automotive), By Region - Industry Forecast 2024-2031

Aniline Market size was valued at USD 10 billion in 2019 and is poised to grow from USD 10.7 billion in 2023 to USD 18.5 billion by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).

Increasing demand of aniline in various end-use industries as a raw material in the production of various types of products is likely to propel growth of the global aniline market. Rapid industrialization in developed and developing countries, increasing numbers of R&D in the petroleum industry are few other factors driving market growth.

Adoption of aniline by automobile manufacturers for the production of methylene diphenyl diisocyanate foams and increasing number of automotive sales across the globe is also expected to boost the growth of global aniline market. These foams are currently used between a vehicle engine for reducing noise pollution, and to provide a peaceful ride for their passengers.

During the forecast period, increasing demand for aniline in the building and construction industry is expected to drive market demand. Aniline, which is used to make MDI, is used to make polyurethane, a rigid foam with exceptional insulating properties that makes it suitable for walls and roofs in new residential construction as well as renovation of older structures. According to the United States Department of Energy, heating and cooling costs account for 56.0% of the energy consumed in the average American home, and the insulating properties of rigid polyurethane foam aid in cost savings while maintaining uniform temperature and noise levels.

US Aniline Market is poised to grow at a sustainable CAGR for the next forecast year.