Wilmington, Delaware, United States, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - Massive utilization of aniline derivatives in diverse range of industrial applications has generated substantial revenue streams to the chemical producers. An in-depth assessment of the market dynamics underscores that a rapidly expanding plastics & inks industry has spurred the sales in aniline derivatives market. The study also found that aniline has gained popularity as a precursor to the manufacture of agrochemicals, rubber, and paints & dyes.
Of note, colossal use in the manufacture of dyes and pigments has led them to become fastest growing market for aniline derivatives. The segment will be fuelled by the sizable utilization of paints in multiple industries Overall, the authors have projected the aniline derivatives market to reach a value of US$ 11 Bn by 2031.
The TMR study found that N-Methyl Aniline (NMA) and N-Dimethyl Aniline (DMA) have been widely used in numerous applications in aniline derivatives market. Indeed, the N-Methyl Aniline (NMA) segment held a major market share in 2020, and is forecast to retain its lead until the end of the forecast period. NMA has been popularly used in the manufacture of dyes, paints, and agrochemicals of enormous commercial importance.