SAN JOSE, Calif. (Aug. 16, 2010)—The global aniline market will rise to 6.2 million metric tons by 2015, helped by rising demand for polyurethane chemical methylene diphenyl diisocyanate, according to a new study.
Aniline is a key aromatic amine used in markets including construction, rubber products, transport, consumer, adhesives/sealants and others. In its report, Global Industry Analysts said the aniline market was significantly affected by the global economic recession and the subsequent decline in the construction, electronics and automotive industries in recent years.
Before that, demand for benzene and benzene derivatives, including aniline, grew steadily, driven primarily by demand for phenol and styrene.
GIA says that aniline witnessed the highest rate of growth among aromatic compounds during the period 2002-07 as a result of booming automotive, construction and electronics industries, particularly in Asia-Pacific markets.
Polyurethanes are a significant outlet, in a wide array of applications including footwear, insulation and furniture, among others.