Worldwide Chlorobenzene Industry to 2026 – Monochlorobenzene to Dominate the Market – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Chlorobenzene Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The global chlorobenzene market is expected to register a CAGR of over 5% during the forecast period.
Companies Mentioned
- ITW Reagents Division (PanReac Applichem)
- Anhui Bayi Chemical Industry
- Chemada Fine Chemicals
- China Petrochemical Corporation
- J&K Scientific Ltd
- Jiangsu Yangnong Chemicals Group Co., Ltd.
- Kureha Corporation
- Lanxess
- Meryer (Shanghai) Chemical Technology Co. Ltd.
- Tianjin Bohai Chemical Industry Co., Ltd.
Key Market Trends
Monochlorobenzene to Dominate the Market
- Monochlorobenzene is the majorly used isomer of chlorobenzene and is used for various applications such as nitrochlorobenzene, Sulfone polymers, Diphenol ether and phenylphenols, and Solvents.
- Nitrochlorobenzenes are used as intermediates in the manufacture of rubberchemicals, agricultural chemicals, antioxidants,dyes and pigments and constitutes the major application of monochlorobenzene.
- Monoclorobenzene is also used as s a solvent in processes to produce rubberproducts, pesticides, pharmaceuticals, and resins. Also, the y-o-y growth in the pharmacetical industry and pestisides increases the demand for the market studied.
- Additionally the global pharmaceutical market stood at around USD 1204.8 billion in 2018 and around USD 1250.4 billion in 2019. This trend is expected to increase during the forecast period.
Asia-Pacific to Dominate the Market
- Asia-Pacific region dominated the global market share and is likely to continue its dominance during the forecast period. With growing chemical manufacture, pharmaceutical industries, and increasing application as solvent in processes to produce rubberproducts, pesticides, resins, in countries, such as China, India, and Japan, the usage of chlorobenzene has been increasing in the region.
- India plays a prominent role in the formulations segment of the industry. India is the third largest producer of pharmaceuticals in the world by volume. India has the largest number of FDA approved plants outside the US.
- China is one of the fastest-growing economies, globally, and almost all the end-user industries are growing, owing to the rising population, living standards, and per-capita income. Although the pharmaceutical industry in China has seen a decline owing to COVID-19, the textile industry in the country is increasing at a swift pace. In March 2020 the added value of textile production in the country stood at -5.5%, in April 2020 it was 2%, and it increased further to 4.3% in May 2020.
- The factors mentioned above are expected to increase the consumption of chlorobenzene in various applications during the forecast period.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising demand for Nitrochlorobenzene
4.1.2 Other Drivers
4.2 Restraints
4.3 Industry Value Chain Analysis
4.4 Porter’s Five Forces Analysis
4.5 Price trends
4.6 Technological Snapshot
4.7 Trade Analysis
4.8 Regulatory Policy Analysis
5 MARKET SEGMENTATION
5.1 Type
5.2 Application
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/xoot08
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