The increasing demand for chlorobenzene from the chemical industry and the rising consumption in APAC region has increased in boosting the Chlorobenzene market.
The Global Chlorobenzene market is forecast to reach USD 3,286.0 Million by 2028, according to a new report by Reports and Data. Chlorobenzene can be described as a flammable, colorless liquid organic compound, which has an aromatic, almond-like odor. The compound is the simplest member of the class of monochlorobenzenes. In context to its traits, some of this organic compound is dissolvable in water, but it quickly evaporates in air. It is denser than water (9.2 lb/gal) and vapors persistent than air. The compound does not occur naturally in the environment. The molecular formula of the compound is C6H5Cl. In the US, the production of the compound was declined by more than 60% during the 1960s. At present, the compound enjoys application in various end-user industries. In the past, the organic compound was used to manufacture chemicals like DDT and phenol. However, the use of the chemical in manufacturing chemicals like DDT has reduced because of reducing demand for DDT. Currently, the compound is used as a chemical intermediate to make to various chemicals, degrease automobile parts, and solvent for some pesticide formulations. It is also used to make dyes, pesticides, and various other chemicals.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launch, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
Jiangsu Yangnong Chemicals Group Co., Ltd., Beckmann-Kenko GmbH, JK Scientific Ltd, Meryer (Shanghai) Chemical Technology Co., Ltd., Kureha Corporation, China Petrochemical Corporation, Chemada Fine Chemicals, Applichem GmbH, Lanxess and Tianjin Bohai Chemical Industries.
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The Chlorobenzene market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Monochlorobenzene
- Paradichlorobenzene
- Orthodichlorobenzene
- Others
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Agriculture
- Rubber polymers
- Pharmaceutical
- Chemicals
- Paints coatings
- Personal care cosmetics
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Nitrochlorobenzenes
- Solvents
- Polysulfone Polymers
- Room Deodorants
- Moth Control
- Polyphenylene Sulfide Resin
- Others
Key Regions Analyzed in the Report includes:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Furthermore, it consists of information about individual segment of the Chlorobenzene market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Further key findings from the report suggest
- The Chlorobenzene market held a market share of USD 2,245.9 Million in the year 2020 that is forecasted to grow at a rate of 4.8% during the forecast period.
- In context to Product Type, the Paradichlorobenzene segment is projected to witness a considerable growth rate of 6.8% during the forecast period, which is expected to occupy 15.0% of the market by 2028. The elevating demand for insecticides and applicability of this type of chlorobenzene as fumigant insecticide for controlling clothes moths contributes to the growth rate witnessed by this segment. The growing demand for polyphenylene sulfide (PPS) resin and its use as a raw material in this resin also contributed to the growth rate witnessed by this segment.
- In context to Application, the Nitrochlorobenzenes segment held a considerable market share of more than 30.0% in 2020, with a CAGR of 5.0% during the forecast period. The market share held by the Nitrochlorobenzenes segment is attributed to the wide arena of application of Nitrochlorobenzenes ranging from intermediates for pigments, dyes, pharmaceutical products like Paracetamol, rubber chemical, and pesticides, which contributes to the growth rate witnessed by this segment.
- In regards to End-user, the Agriculture segment held a considerable share of the market of 20.0% in 2020, with a CAGR of 5.0% during the forecast period. The growing emphasis on agriculture because of continuously elevating demand for food products and extensive application of the organic compound as an intermediate to herbicides to the market share held by this segment.
- In regards to the region, North America held more than 20.0% of the market in 2020, with a CAGR of 5.0% during the forecast period. The presence of well-established chemical industry and growing pharmaceutical sector is supporting the expansion of the industry in this region.
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