The increasing demand for chlorobenzene in several industries, including personal care, high-performance polymers, agrochemicals, and pharmaceuticals, is the key factor driving the demand for chlorobenzene. Due to the aforementioned factors, the chlorobenzene industry is projected to witness significant growth during the forecast period (2021–2030).
The manufacturing sector has been disrupted as a result of the implementation of stringent regulations, including lockdowns, and the shutting of international borders due to the COVID-19 epidemic. Many goods, such as adhesives, cosmetics, medicines, paints, polishes, and dyes, use chlorobenzene as a solvent or chemical precursor. Therefore, the halt in industrial production has resulted in a detrimental influence on the market for chlorobenzene.
The global chlorobenzene market is categorized into monochlorobenzene, ortho dichlorobenzene, para dichlorobenzene, and others, based on type. Among these, paradichlorobenzene is expected to be the fastest-growing category during the forecast period. The growth is mainly attributed to its rising consumption of paradichlorobenzene in the production of polyphenylene sulphide and the expanding production of paradichlorobenzene in China, Japan, and the U.S.
The chlorobenzene market is categorized into nitrochlorobenzene, polysulfone, polymer, solvent, and others, based on application. Among these, the nitrochloobenzene category held a significant market share, both in terms of volume and revenue, in 2020. This can be ascribed to the fact that it is a common intermediary for a variety of industrially useful chemicals, such as the antioxidants found in rubber.
Globally, Asia-Pacific (APAC) held the dominating share in the chlorobenzene market in 2020, and it is expected to continue the trend in the coming years. This will primarily be due to the high demand for chlorobenzene in China and Japan. China is the top producer and consumer of chlorobenzene, globally, whereas a rapid rise in the production of polyphenylene sulphide resin has been observed in Japan.
Players in the market for chlorobenzene are involved in collaborations to expand geographically. For instance, in February 2020, CHEMADA Industries Ltd., a manufacturer of fine chemicals for several industries, entered into a distribution agreement in Japan with Moriroku Holdings Company Ltd. (Moriruko Japan). As part of the agreement, Moriroku Japan gained rights for the distribution of CHEMADA Industries’ products in Japan.
Some of the key players operating 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.