The Global Chlorobenzene market is forecast to reach USD 3,286.0 Million by 2028, according to a new report by Reports and Data. Chlorobenzene can be described as an aromatic organic compound, having the chemical formula C6H5Cl. The flammable, colorless liquid organic compound is a common solvent. It is the simplest member of the class of monochlorobenzenes i.e., benzene, in which single hydrogen is replaced by a chlorine.
Top Companies Operating in the Global Chlorobenzene Market:
Jiangsu Yangnong Chemicals Group Co., Ltd., Beckmann-Kenko GmbH, JK Scientific Ltd, Meryer (Shanghai) Chemical Technology Co., Ltd., Kureha Corporation, China Petrochemical Corporation, Chemada Fine Chemicals, Applichem GmbH, Lanxess and Tianjin Bohai Chemical Industries.
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One of the significant use of the organic compound is as a solvent. It is extensively used as an intermediate in the production of commodities like dyestuffs, herbicides, and rubber. It also finds application as a high-boiling solvent in various industrial applications along with the laboratory. The compound was first described in 1851. In regards to its manufacturing, it is manufactured by chlorination of benzene, wherein the catalytic amount of Lewis acid like sulfur dichloride, anhydrous aluminum chloride, and ferric chloride is also required. In the presence of catalyst, the electrophilicity of the chlorine is enhanced. It can also be produced from aniline with the help of benzenediazonium chloride. This route of manufacturing the organic compound is known as the Sandmeyer reaction. Thus wide arena of application is one of the mentionable factors fostering the growth of the sector.
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
Through various, supporting factors are boosting the growth of the industry, adverse factors like the toxicity of the compound, and the reducing price of monochlorobenzene may slow down the growth of the sector.
In regards to region, Asia Pacific can be seen to lead the market. The dominance of the APAC region is attributed to the fact that the region is highly dependent on agriculture, which results in high demand for herbicides and the presence of various industry players that is supporting the expansion of the industry in this region.
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The Chlorobenzene market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Chlorobenzene market.
The global Chlorobenzene market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Rubber polymer
- Paints coatings
- Personal care cosmetics
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Polysulfone Polymers
- Room Deodorants
- Moth Control
- Polyphenylene Sulfide Resin
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