Market Overview:
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.
Competitive Analysis
·
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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