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 from end user industries in Asia-Pacific and large volume application in the chemical industry are some of the major factors driving the growth of the global market. The market is majorly driven from manufacturing of pesticides, pharmaceuticals, dyes & pigments, and several other organic chemicals. The increasing demand for chlorobenzene in pharmaceutical and personal care sector is expected to serve as an opportunity for the market in the coming years.
By type, monochlorobenzene segment dominated the market in 2015, with a share of 71.6% in terms of volume and a value share of 67.7%. Paradichlorobenzene segment is expected to witness the fastest growth, with its value demonstrating a CAGR of 6.7% during the forecast period.
By application, nitrochlorobenzene segment held the largest share in the global chlorobenzene market in 2015 in terms of volume as well as value. A large share of monochlorobenzene produced globally is utilized in the manufacturing of nitrochlorobenzene.
Geographically, Asia-Pacific dominated the global market for chlorobenzene with the largest volume share of 79.3% in 2015. It is also expected to be the fastest growing market for demonstrating a CAGR of 5.8% by value during the forecast period. Increasing consumption of chlorobenzene in Japan and China is one of the major factors driving the chlorobenzene market in the region.
Leading players in the global chlorobenzene market include China Petrochemical Corporation, Jiangsu Yangnong Chemicals Group Co., Ltd., Kureha Corporation, Beckmann-Kenko GmbH, Chemada Fine Chemicals, J&K Scientific Ltd, Meryer (Shanghai) Chemical Technology Co. Ltd., and Applichem GmbH.
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The information and data in the publication “Global Chlorobenzene Market Size, Share, Development, Growth and Demand Forecast to 2022”, represents the research and analysis of data from various primary and secondary sources. An amalgamation of bottom-up and top-down has been used to calculate the market size. P&S Intelligence analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
GLOBAL CHLOROBENZENE MARKET SEGMENTATION