In 2015, the global market for chlorobenzene was valued at $1,787.3 million, and it is projected to grow demonstrating a CAGR of 5.4% during the forecast period. Increasing consumption of chlorobenzene in Asia-Pacific, specifically China, owing to the vast base of end-user industries such as pesticides, pharmaceuticals, dyes & pigments, and other organic chemicals are major factors driving the market for chlorobenzene.
Chlorobenzene, also known as phenyl chloride or benzene chloride, is a colorless aromatic organic compound. It is produced by benzene chlorination in the presence of acids and catalysts. These can ne ferric chloride, sulfur chloride, and anhydrous aluminum chloride. The chlorobenzene market is witnessing rapid growth due its vast application base in the chemical industry. Types of chlorobenzene, include monochlorobenzene, paradichlorobenzene, orthodichlorobenzene, and others such as hexachlorobenzene, trichlorobenzene, and tetrachlorobenzene.
GLOBAL CHLOROBENZENE MAREKT SIZE, BY TYPE, $M (2012-2022)
Monochlorobenzene is majorly used for manufacturing diphenyl oxide and nitrochlorobenzene, which are then used for the production of organic and pigment intermediates, pesticides, dyes, pharmaceuticals, rubber processing chemicals, and other chemicals. Paradichlorobenzene is employed in high performance polymers. It is also used in the manufacturing of room deodorants, polyphenylene sulfide resin, and moth control. Orthodichlorobenzene is used as solvents in engine cleaners, paint removers, deinking and toluene diisocyanate process. Monochlorobenzene, orthodichlorobenzene, and paradichlorobenzene in total accounted for a share of more than 90% in the total chlorobenzene demand in 2015.
By type, monochlorobenzene segment dominated the global market for chlorobenzene with the largest market share in 2015, in terms of value and volume. The paradichlorobenzene segment was projected to be the fastest growing segment during the forecast period, and this growth can be ascribed to the rapid increase in production of polyphenylene sulfide in the U.S., China and Japan.
Geographically, APAC was projected to have the largest market share for chlorobenzene globally, and is also expected to witness the fastest growth in terms of value and volume during the forecast period. This growth can be attributed to the increasing consumption in Japan and China. China is the largest producer and consumer of chlorobenzene in the globally, while Japan has a significant share in the APAC region. In Japan, increasing consumption of chlorobenzene as herbicide intermediate and fast paced growth of polyphenylene sulfide resin are some of the major factors driving the growth of the market for chlorobenzene.
Key players in the global market for chlorobenzene are Meryer (Shanghai) Chemical Technology Co. Ltd., Chemada Fine Chemicals, Jiangsu Yangnong Chemicals Group Co., Ltd., J&K Scientific Ltd, Applichem GmbH Beckmann-Kenko GmbH, Kureha Corporation, and China Petrochemical Corporation.
Key Questions Answered:
What is the current and future scenario of the global chlorobenzene market?
What are the major factors major driving the global chlorobenzene market?
What are the upcoming opportunities for the players in the global chlorobenzene market?
Which application is expected to dominate the market?
Which region is expected to witness the fastest growth during the study period?
Who are the major players in the global chlorobenzene market?