Publishing: September 2021 | Report Code: CM10671 | Available Format: PDF
The global chlorobenzene market was valued around $2.3 billion in 2020, and is projected to grow at significant rate during the forecast period (2021–2030). The major factors responsible for the growth of the market include the high demand for chlorobenzene in the personal care industry and for the production of high-performance polymers. Moreover, the high-volume usage of chlorobenzene as an agrochemical and as a solvent for rubber production will boost the growth of the market.
Due to the COVID-19 pandemic, manufacturing plants have been closed, which has led to a major decline in trade. Essentially, the stringent lockdowns and closing of international borders led to such a severe effect on the manufacturing industry. Chlorobenzene is a solvent or a chemical precursor to many products, including adhesives, cosmetics, drugs, paints, polishes, and dyes, which have faced a major disruption in their production and sales during this pandemic. Due to the abovementioned factors, there is a negative impact on the chlorobenzene market.
Paradichlorobenzene is projected to witness the fastest growth in the chlorobenzene market during the forecast period, based on type. This is mainly attributed to the expanding production of polyphenylene sulphide and polyphenylene, both of which require paradichlorobenzene as a raw material.
The nitrochlorobenzene category held the largest share in the chlorobenzene market in 2020, based on application. This is because 4-nitrochlorobenzene is an important intermediary in the manufacturing of common industrial products, such as azo or suphur dyes, polymers, agrochemicals, and the antioxidants used in rubber production.
The agriculture sector held the largest share, both in terms of volume and revenue, in the chlorobenzene market in 2020, based on industry. This is mainly attributed to the heavy usage of chlorobenzene in insecticides, pesticides, and other agrochemicals.
Geographically, the Asia-Pacific (APAC) region held the largest share in the chlorobenzene market in the historical period (2015–2020). This is mainly attributed to the fact that China is the world’s top producer of chlorobenzene, which is increasing in usage in the production of polyphenylene sulphide resin and herbicides.
Trichlorobenzene is used in the pharmaceutical industry to synthesize the intermediates of various medicines, including antibiotics and vitamin supplements. The United Nations Industrial Development Organization (UNIDO) has taken the responsibility to strengthen the local production of essential generic drugs in least-developed and developing countries, such as Nigeria, Kenya, and Ethiopia. In addition, research and development (R&D) for new drugs to treat chronic diseases has risen in the past few years. All these factors are expected to have a significant effect on the market for chlorobenzene.
Chlorobenzene is predominantly used as a solvent in the synthesis of organic chemicals, insecticide and pesticide formulations, di-isocyanate, drugs, nitrobenzene, and di-phenyl oxide and in degreasing automobile parts. With globalization and industrialization, the demand for chlorobenzene from various chemical processing and manufacturing facilities is increasing. Thus, the rapid development of the chemical industry is leading to the growth of the market for chlorobenzene.
|Base Year (2020) Market Size||~$2.3 Billion|
|Report Coverage||Market Trends; Revenue Estimation and Forecast; Segmentation Analysis; Regional Breakdown; Companies’ Strategic Developments; Product Benchmarking; Company Profiling|
|Market Size by Segments||By Type; By Application; By Industry; By Region|
|Market Size of Geographies||China; India; Japan; South Korea; Australia; U.S.; Canada; Mexico; Brazil; Germany; U.K.; France; Spain; Italy; Saudi Arabia; South Africa|
|Secondary Sources and References (Partial List)||Agency for Toxic Substances & Disease Registry; American Chemical Society; American Chemistry Council; Greenpeace International; International Council of Chemical Associations; Japan Association for International Chemical Information; Pine Chemicals Association; United States Environmental Protection Agency; United Nations Comtrade Database|
Some of the key players in the global chlorobenzene market are Meryer (Shanghai) Chemical Technology Co. Ltd., Jiangsu Yangnong Chemicals Group Co. Ltd., J&K Scientific Ltd., Applichem GmbH, Beckmann-Kenko GmbH, Kureha Corporation, and China Petrochemical Corporation.
In recent years, players in the chlorobenzene industry have involved in partnerships and collaborations to expand their global reach.
The chlorobenzene market report offers comprehensive market segmentation analysis along with market estimation for the period 2015-2030.
Based on Type
Based on Application
Based on Industry
The global chlorobenzene market was valued at $2.3 billion in 2020.
The paradichlorobenzene category is predicted to register the fastest growth in the chlorobenzene industry during 2021–2030.
Asia-Pacific was the largest region in the chlorobenzene industry in 2020.
The nitrochlorobenzene category dominated the market for chlorobenzene, under the application segment, in 2020.
The growing use of chlorobenzene in the personal care and pharmaceutical industries is the major trend currently being witnessed in the market for chlorobenzene.
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