Published Date: June 2024
Synthetic and Bio-based Aniline is an organic compound with the chemical formula C6H5NH2. It is an aromatic amine and is commonly used as a starting material for the production of various dyes, pharmaceuticals, rubber additives, and other chemical products. Traditionally, aniline has been derived from fossil fuel sources through a process known as nitration of benzene, followed by reduction of the resulting nitrobenzene.
The growing demand for renewable chemicals in various industries, including textiles, plastics, and pharmaceuticals, has driven the adoption of bio-based aniline. Companies are seeking alternative feedstock that are renewable, have a lower environmental impact, and can help them meet sustainability targets. Overall, supportive policies, market demand, technological advancements, and collaborative efforts has propelled the rapid growth of both synthetic and bio-based aniline, offering environmentally friendly alternatives in the chemical industry.
The report “Synthetic and Bio-based Aniline Market, By Type (Synthetic and Bio-Based), By Process (Nitrobenzene and Chlorobenzene), By Applications (MDI and Rubber Processing Chemical), By End-User Industry (Construction, Automotive, and Home Furnishing), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”
Key Highlights:
- In February 2023, a method has been devised by Covestro and its collaborators to extract the crucial chemical aniline from biomass. Pilot manufacturing is currently being built up for the procedure. In collaboration with partners, Covestro has been developing bio based aniline from plant-based raw materials as sugar beetroot or straw. Microorganisms are used in the process, which turns the biomass into a central aniline precursor and subsequently converts it to aniline when heated.
Analyst View:
The global shift towards sustainable and eco-friendly practices across industries is expected to drive the demand for bio-based aniline. Companies are increasingly looking for alternatives to traditional, fossil fuel-derived chemicals, and bio-based aniline provides a viable solution. Governments around the world are implementing regulations and policies to promote the use of renewable and sustainable chemicals. Supportive measures such as tax incentives, grants, and subsidies encourage the adoption of bio-based aniline and create a favorable market environment for its growth.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Synthetic and Bio-based Aniline Market, By Type (Synthetic and Bio-Based), By Process (Nitrobenzene and Chlorobenzene), By Applications (MDI and Rubber Processing Chemical), By End-User Industry (Construction, Automotive, and Home Furnishing), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”
Key Market Insights from the report:
Synthetic and Bio-based Aniline Market was valued at US$ 9.3 Billion in 2024 and is projected to grow at a CAGR of 19.2%to reach US$ 46.2 Billion by 2034. Synthetic and Bio-based Aniline Market is segmented based on Type, Process, Application, End-User and Region.
- Based on Type, Synthetic and Bio-based Aniline Market is segmented into Synthetic and Bio-Based.
- Based on Process, Synthetic and Bio-based Aniline Market is segmented into Nitrobenzene and Chlorobenzene.
- Based on Application, Synthetic and Bio-based Aniline Market is segmented into MDI and Rubber Processing Chemical.
- Based on End-User, Synthetic and Bio-based Aniline Market is segmented into Construction, Automotive, and Home Furnishing.
- By Region, the Synthetic and Bio-based Aniline Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Competitive Landscape & their strategies of Synthetic and Bio-based Aniline Market:
The prominent players operating in the Synthetic and Bio-based Aniline Market includes, BASF SE, Huntsman International LLC., China Petroleum & Chemical Corporation, Sumitomo Chemical Co., Ltd., Tosoh Corporation, Covestro AG, Borsodchem Mchz S.R.O., SP Chemicals Holdings Ltd., Arrow Chemical Group Corp., DowDuPont, Inc. and others.
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