Aniline Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#aniline–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Aniline
Market Procurement Research Report.’ The insights and data in
this report provide a strategic analysis of the supply markets, factors
influencing purchasing decisions, procurement best practices, pricing
models, supplier landscape, and an analysis of the supplier capability
matrix for the chemicals
industry. This report breaks down the data and analysis behind
the procurement of aniline and acts as an all-inclusive guide for making
smart purchasing decisions.

“The global demand for aniline is expected to grow primarily due to
the growing demand for MDI, which is extensively used to produce
coatings, sealants, elastomers, and adhesives across industries such as
construction, automotive, and electronic appliances,” says SpendEdge
procurement analyst Anil Seth. “Also, several leading suppliers of
chemicals are investing in R&D to develop bio-based aniline on a
commercial scale,” added Anil.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global Aniline
Market:

• Development of bio-based aniline
• Increase in benzene prices
• Increasing number of joint ventures in aniline supply base

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Development of bio-based aniline:

The breakthrough in developing aniline from biomass instead of
petroleum-based raw materials such as nitrobenzene, phenol, and ammonia
has prompted suppliers in this market space to develop bio-based
aniline. Moreover, the raw material is renewable and relatively safer
when compared with petroleum-based products. By procuring bio-based
aniline, the buyers can minimize their carbon footprint, and it even
helps their customers in reducing the carbon footprints of their
aniline-based products.

Increase in benzene prices:

Benzene is an essential ingredient used in the production of aniline.
Due to maintenance turnarounds at several manufacturing units across the
globe, benzene experienced a rise in its prices between November 2016
and November 2017. The increase in prices of benzene also led to an
increase in prices of aniline. Moreover, to reduce the surplus of
supply, suppliers such as Petro Rabia and Sadara decreased their benzene
production during this period.

Increasing number of joint ventures in aniline supply base:

Globally, several aniline suppliers are increasingly engaging in joint
ventures to leverage each other's experience, knowledge, and resources.
Such joint-ventures also enable suppliers to have better control over
global supply and pricing of aniline. Moreover, engaging in
joint-ventures also helps them in ensuring a constant supply of aniline
for buyers across the globe.

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