Aniline Market Size Estimated to Observe Significant Growth by 2020
A new report has been published by Transparency Market Research, titled “ Aniline Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020 ”. TMR, a market intelligence company based in the U.S., says in its report that the global aniline market was valued at US$9.75 billion in 2013 and will reach a gross market value of US$15.66 billion by 2020.This TMR report studies aniline, also known as phenylamine or aminobenzene, which is an aromatic amine produced by ensuing nitration and hydrogenation of benzene with a metal catalyst being present. It is used majorly in the production of MDI (Methylene diphenyl diisocyanate). MDI is further used in polyurethane foams manufacturing and also for the manufacture of elastomers, adhesives and sealants. Appreciable volumes of aniline generated worldwide are used in the manufacture of MDI. Additionally, aniline is utilized to manufacture numerous rubber processing chemicals, dyes and pigments, organic speci...