Aniline Price Trend

Aniline Prices December 2023

The aniline market prices fluctuated throughout Q4 in 2023. The prices rose initially due to insufficient inventory, yet nearing December, the cost of the aniline in USA hovered at 1786 US$/MT. This trend was also influenced by the shortage of supply from exporters and the high-cost support on feedstock benzene due to the rise in upstream prices associated with crude oil production cuts by OPEC+ and Russia.

The price of aniline in South Korea for Q4 2023 reached 1575 US$/MT in December 2023, considering middling production rates and reachability to supplies. Despite moderate demand in the beginning, production rates escalated near the quarter end, leading to a steep price drop.

In Belgium, aniline prices for Q4 reached US$ 1465/MT in December. Aniline prices increased at the outset due to the little availability of feedstock nitric acid, driven by steady demand for agrochemicals and a simultaneous escalation in upstream natural gas prices amid high demand to reach storage capacity before winter. Additionally, aniline prices witnessed a mild decrease from the previous quarter, and at the end of Q4, 2023, the aniline FD Antwerp quotations in Belgium accessed at US$ 1465/MT.

Aniline Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Aniline Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of aniline pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of aniline at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of aniline price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing aniline price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Aniline Market Analysis

The global aniline market size reached 9.9 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 15.2 Million Tons, at a projected CAGR of 4.70% during 2023-2032.

• The expanding applications of polyurethane polymers in foam insulation, fibers, and elastomers that find massive adoption across the automotive and construction industry, where energy efficiency and lightweight materials are greatly prioritized, are aiding in market expansion. Concurrently, since aniline serves as an important feedstock in the production of polyurethane, the flourishing expansion of the automotive sector also bolsters the demand for aniline.
• Innovative production technologies allowing more efficient aniline synthesis along with improvements in catalysis and process optimization have resulted in higher yields, making this compound more economically viable and sustainable, thereby impelling the market growth.
• Since benzene serves as a key raw material to make aniline, expanding availability and changes in the cost of benzene greatly affect the aniline market. In confluence with this, the fluctuation in the prices of crude oil is acting as another pivotal driver of the aniline market.
• Steadfast industrialization and commercialization in APAC, in countries like China and India, making them large consumers and a key producer of aniline are providing an impetus to the market growth.
• Severe regulations and policies about environment and health across the globe are influencing the aniline market. The compound is classified as toxic, and exposure can have serious health implications, leading to strict handling, storage, and disposal regulations. This has prompted research and development (R&D) into safer production methods, creating a favorable outlook for market expansion.
• Escalating awareness and initiatives towards sustainability and a circular economy spurring the development of bio-based aniline and recycling methods is acting as another significant growth-inducing factor.
• Apart from this, aniline is finding new applications in pharmaceuticals, agriculture, dyes, and more. This diversification, encouraged by persistent R&D initiatives is contributing to the increasing demand and sales of aniline.

Aniline News

The report covers the latest developments, updates, and trends impacting the global aniline market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in aniline production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the aniline price trend.

Latest developments in the aniline industry:

• In June 2023, Bayer Material Science announced that it would hold its Pharmaceuticals R&D Event for Investors in 2023. In its four therapeutic core areas oncology, cardiology, neurology and rare diseases, and immunology, —Bayer will provide a detailed analysis of its innovation approach during this event.
• In August 2022, Huntsman International finalized the deal to purchase Huntsman Corporation's Textile Effects division, which was set to go on the market at the end of 2021.
• In October 2020, Mitsubishi Chemical entered into a binding contract to purchase all of the shares of Gelest Intermediate Holdings, Inc., Gelest's parent company.

Product Description

Aniline is an organic compound that is useful and adaptable in a variety of industries. It is essential in chemical synthesis and acts as a precursor to make other chemicals due to its clear and colorless appearance.

Aniline is employed in the manufacturing of many polymers, such as nylon and polyurethane. Its chemical structure makes it easier for to bond with other compounds, making it possible to create an array of materials with unique characteristics and properties.

Aside from that, aniline is also used for making dyes and pigments in the textile industry as well as pharmaceuticals and rubber processing, contributing to the vibrant hues of fabrics and the efficacy of medicines.

While aniline offers infinite possibilities, its toxic nature requires proper handling and adherence to safety protocols. However, recent advancements in sustainable production methods ensure minimal environmental impact, aligning with the ethos of responsible manufacturing.

Regional Coverage

The report provides a detailed analysis of the aniline market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the aniline price trend.

Global Aniline Price

The report offers a holistic view of the global aniline pricing trends in the form of aniline price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of aniline but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed aniline demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Aniline Price

The European region saw rising prices due to reduced aniline production caused by scarce nitric acid feedstock due to strong demand for agrochemicals and soaring natural gas prices. This surge was exacerbated by heightened demand to fill storage capacities before winter. However, manufacturing units experienced improved operating rates due to increased benzene supplies from resumed refinery operations in North America and decreased demand for nitric acid from agrochemical manufacturers.

This analysis can be extended to include detailed aniline price information for a comprehensive list of countries.

North America Aniline Price

In North America, the aniline market has witnessed an increase due to limited supplies from exporters amid weak production rates because of high-cost support on feedstock benzene due to the escalation in upstream prices amid crude oil production cuts by OPEC+ and Russia. The consumption rates were low from the downstream MDI industries and dye manufacturers. Meanwhile, prices started declining amid a slight decline in product stocking practices from the regional buyers.

Specific aniline historical data within the United States and Canada can also be provided.

Middle East and Africa Aniline Price

The aniline market in the Middle East and Africa (MEA) region provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

In addition to region-wise data, information on aniline prices for countries can also be provided.

Asia Pacific Aniline Price

The aniline pricing in the Asia Pacific region witnessed a decrease from the previous quarter's prices. Additionally, the crude oil production cuts by OPEC+ and Russia resulted in low feedstock availability, and production rates were affected in key aniline producer China. Simultaneously, firm demand for feedstock nitric acid from agrochemical manufacturers for winter season application and stocking purposes raised the cost support.

This aniline price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Aniline Price

The analysis of aniline prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of aniline pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting aniline price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The aniline price charts ensure our clients remain at the forefront of the industry.