Nitrobenzene Market, By Application, By End-use, By Geography

Description

The nitrobenzene market is estimated to be valued at USD 12.15 Bn in 2024 and is expected to reach USD 17.68 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 12.15 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	5.50%	2031 Value Projection:	US$ 17.68 Bn

Figure. Nitrobenzene Market Share (%), By Region 2024

Nitrobenzene is an important basic organic compound that is widely used as an intermediate in the manufacture of anilines, azo dyes, pesticides, and synthetic rubber. It is a clear, pale-yellow liquid that emits a sweet, almond-like odor. Nitrobenzene has a high boiling point that allows it to be efficiently transported and various industrial applications require its physical and chemical properties. It is primarily synthesized through the nitration of benzene using concentrated sulfuric and nitric acids. The major end-use industries of nitrobenzene include construction, automotive, agrochemicals, and pharmaceuticals where it is consumed for the production of other derivatives and chemicals. Rising demand from these diverse end-user segments is expected to drive the nitrobenzene market growth over the forecast period.

Market Dynamics:

Nitrobenzene market is driven by factors such as increasing construction activities worldwide along with the growth of the automotive industry which is the major consumer of aniline, a derivative of nitrobenzene used in the production of polyurethane foams and engineering plastics. Rising agricultural output in developing nations is augmenting the demand for agrochemicals produced from nitrobenzene. Wide scope of applications in pharmaceutical manufacturing involving the production of analgesic and antibacterial drugs is another growth lever for this market. However, stringent environmental regulations regarding emissions from nitrobenzene production plants and health hazards of the chemical may impede the market expansion. Growing R&D towards developing bio-based and eco-friendly alternatives can challenge the nitrobenzene consumption. Meanwhile, increasing outsourcing of agrochemicals from China and India by developed nations presents new revenue opportunities over the forecast period.

Key Features of the Study:

This report provides in-depth analysis of the global nitrobenzene market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global nitrobenzene market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Wanhua Chemical Group Co., Ltd, Covestro AG, BASF SE, Huntsman Corporation, Vizag chemical, Akshar International, Aarati Industries, Par Industries, Meru Chem Pvt. Ltd., Shiv Chemicals, CDH Fine Chemical, Kamal Plastic, Greenwell Biotech, and Panoli Intermediates (India) Pvt. Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global nitrobenzene market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global nitrobenzene market.

Detailed Segmentation-

By Application:
- Aniline Production
- Pesticide Additive
- Synthetic Rubber Manufacturing
- Others (Paint Solvent, etc.)
By End-use:
- Construction
- Agriculture
- Pharmaceutical
- Others (Automotive, etc.)
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Wanhua Chemical Group Co., Ltd
- Covestro AG
- BASF SE
- Huntsman Corporation
- Vizag chemical
- Akshar International
- Aarati Industries
- Par Industries
- Meru Chem Pvt. Ltd.
- Shiv Chemicals
- CDH Fine Chemical
- Kamal Plastic
- Greenwell Biotech
- Panoli Intermediates (India) Pvt. Ltd.

Product Code: CMI7088

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Application
- Market Snippet, By End-use
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Nitrobenzene Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Nitrobenzene Market
Impact Analysis

5. Global Nitrobenzene Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Aniline Production
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Pesticide Additive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Synthetic Rubber Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others (Paint Solvent, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Nitrobenzene Market, By End-use, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Agriculture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Pharmaceutical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others (Automotive, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Nitrobenzene Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-use, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By End-use, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-use, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-use, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-use, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Wanhua Chemical Group Co., Ltd
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Covestro AG
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- BASF SE
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Huntsman Corporation
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Vizag chemical
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Akshar International
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Aarati Industries
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Par Industries
- Meru Chem Pvt. Ltd.
- Shiv Chemicals
- CDH Fine Chemical
- Kamal Plastic
- Greenwell Biotech
- Panoli Intermediates (India) Pvt. Ltd.

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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