The
Global Chlorobenzene Market is projected to reach USD 3,146.50 by 2025
exhibiting a CAGR of 5.7%. Chlorobenzene is a colourless liquid used as a
solvent, degreasing agent, and chemical intermediate. It belongs to the
family of organic halogen compounds. Chlorobenzene is used in the
manufacturing of organic chemicals, insecticides, pigment, dyes, paints,
textiles, and cosmetics.
The
chemical industry across the globe is witnessing healthy growth due to the
increase in the demand in the industries such as construction, automotive, and
electronics. Industrialization and urbanization in Asia-Pacific supported by
low labour cost and economic growth are also favouring the growth of the
industry. Thus, the growth of the chemical industry is expected to fuel the
demand for chlorobenzene.
Chlorobenzene
is significantly used in the production of fertilizers and agrochemicals.
The growth of the market is driven by expanding agricultural industry in
emerging countries. In addition, the adoption of advanced technologies such as
genomics, organic farming, and agricultural biotechnology is further expected
to boost the growth of the industry and drive the
global chlorobenzene market growth.
Market
Segmentation
The
global chlorobenzene market has been segmented on the basis of type,
application, and region. Monochlorobenzene, o-dichlorobenzene,
p-dichlorobenzene, m-dichlorobenzene, tetrachlorobenzene, trichlorobenzenes,
hexachlorobenzene, and others are the segments based on type. The
monochlorobenzene segment held significant market share in 2017 and is
projected to be the dominant segment owing to its increasing application in the
chemical and polymer industries. The hexachlorobenzene segment is
projected to register a healthy CAGR on account of the growing need to increase
the yield of the crops.
The
paints, cosmetics, adhesive, textiles, pharmaceuticals, chemical, rubber &
polymer, and others are the application segments of the global market. Chemical
application segment is expected to grow at remarkable pace owing to high demand
for polymers in the automotive industry led by growing adoption of lightweight
automobile components across the globe.
·
Chemieorganics Chemical India Pvt.Ltd
·
Aarti Industries Limited
·
China Petroleum & Chemical Corporation
·
Kureha Corporation
·
LANXESS
·
Seya Industries Ltd
·
Panoli Intermediates India Private Limited
·
J&K Scientific Ltd
·
Jiaxing Zhonghua Chemical Co.LTD
·
Meryer
·
Chemical Technology Co., Ltd
Regional
Analysis
The
North America market is expected to register a healthy CAGR during the forecast
period owing to the expanding electric vehicles, cosmetics, textile,
pharmaceuticals, paints, and adhesive industries. In addition, the increasing
demand for cosmetics due to change consumer grooming trends has surged the
application of chlorobenzene.
Asia-Pacific
is projected to be the fastest-growing market. The governments of developing
countries in the region are highly investing in the manufacturing of electric
vehicles, where chlorobenzene significant used to enhance the speed and design.
The growth of the European chlorobenzene market is driven by its increasing
application in the manufacturing of lightweight aircraft components.
The
Middle East & Africa and Latin America are expected to register healthy
growth in terms of revenue owing to the high demand for chlorobenzene in
polymer, rubber, chemical, and cosmetics industries.
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