Nitrobenzene Global Market Report 2025

Nitrobenzene is a pale yellow oil with an almond-such as odor, exhibiting insolubility in water. Primarily serving as an intermediate in the synthesis of aniline, nitrobenzene also finds application in the production of specialty compounds such as acetaminophen.

Nitrobenzene is obtainable in both liquid and powder forms. Liquid nitrobenzene is characterized by its oily, yellow consistency and almond-such as odor. It serves multiple purposes, including the production of aniline and lubricating oils essential for automobiles and machinery. Nitrobenzene finds applications in various sectors such as aniline production, pesticide additives, synthetic rubber manufacturing, and as a paint solvent. The distribution of nitrobenzene involves multiple channels, including direct company sales, direct import, distribution through intermediaries such as distributors and traders, and retail sales. End-use industries benefiting from nitrobenzene include construction, agriculture, pharmaceuticals, automotive, and others.

The nitrobenzene market research report is one of a series of new reports from The Business Research Company that provides nitrobenzene market statistics, including nitrobenzene industry global market size, regional shares, competitors with a nitrobenzene market share, detailed nitrobenzene market segments, market trends and opportunities, and any further data you may need to thrive in the nitrobenzene industry. This nitrobenzene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The nitrobenzene market size has grown strongly in recent years. It will grow from $10.96 billion in 2024 to $11.67 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to emergence in electronics and plastics industries, growth in paints and coatings sector, synthetic fiber manufacturing, petroleum refining applications.

The nitrobenzene market size is expected to see strong growth in the next few years. It will grow to $15.8 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to demand growth in explosives industry, increasing demand in agrochemicals, growing usage in rubber and polymer manufacturing, rising demand for synthetic fibers. Major trends in the forecast period include shift towards sustainable production, focus on green chemistry, technological advancements in synthesis, exploration of alternative feedstocks, product innovation.

The anticipated growth in demand from the automotive industry is set to propel the expansion of the nitrobenzene market. The automotive industry, encompassing activities related to the manufacturing, wholesale, retailing, and repair of automobiles, is a key driver for the nitrobenzene market. A significant portion of nitrobenzene is utilized in the production of aniline, a precursor to methylene diphenyl diisocyanate (MDI). MDI is essential in the manufacturing of high-performance plastics, urethane polymers such as polyurethane foams and elastomers, rubber chemicals, and various other automotive-related products. For example, as reported by the European Automobile Manufacturers Association in May 2023, the global production of motor vehicles in 2022 reached 85.4 million units, reflecting a notable increase of 5.7% compared to the previous year (2021). This surge in automotive production signifies an increased demand for key components such as MDI, thus driving the growth of the nitrobenzene market. The close connection between nitrobenzene and the automotive industry underscores the crucial role this market plays in meeting the evolving needs of the automotive sector.

The rising demand within the construction industry is anticipated to drive the growth of the nitrobenzene market in the future. The construction industry encompasses the planning, designing, assembling, and building of physical structures, facilities, or infrastructure. Nitrobenzene is utilized in this sector as a plasticizer in concrete admixtures, enhancing the workability of concrete and making it easier to pour and mold for large-scale construction projects. For example, in February 2024, Eurostat, a government agency based in Luxembourg, reported that building construction increased by 1.3% in December 2023 compared to December 2022, while civil engineering experienced a 4.7% rise. These statistics indicate growth in both sectors over the year. As a result, the increasing demand in the construction industry is fueling the growth of the nitrobenzene market.

The growing demand for agrochemicals is expected to drive the growth of the nitrobenzene market in the future. Agrochemicals refer to any substances used to eliminate, deter, or control specific plant or animal life forms considered pests. Nitrobenzene is employed in agriculture as a plant growth supplement because it promotes flowering and reduces flower loss. It serves as a mixture of nitrogen and plant growth regulators, acting as a plant energizer, blooming stimulant, and yield enhancer. For example, in September 2024, the Government of Canada reported that pesticide sales in Canada reached 139,744,726 kg of active ingredients in 2022, reflecting a 4.9% increase from the 132,885,434 kg sold in 2021. This growth indicates a rising trend in pesticide usage. Consequently, the increasing demand for agrochemicals is propelling the growth of the nitrobenzene market.

Leading companies in the nitrobenzene market are strategically investing to secure a competitive advantage. These strategic investments are directed towards advancing the organizations' long-term objectives, prioritizing overall growth rather than just financial returns. A recent example is the inauguration of Site IV and production units by Wanhua-BorsodChem, a Hungary-based chemical raw material manufacturing company, in July 2023. These newly inaugurated facilities house nitrobenzene and aniline production units, crucial for the manufacturing of key raw materials essential for BorsodChem's flagship products, including methylene diphenyl diisocyanate (MDI) used in the construction industry for adhesives and elastomers. Notably, these production facilities prioritize environmental sustainability and adhere to the principles of Best Available Technology (BAT), incorporating modern advancements in science and technology. This strategic investment underscores the company's commitment to long-term growth, environmental responsibility, and technological excellence in the competitive nitrobenzene market.

In April 2022, Synthomer PLC, a prominent UK-based chemicals company, successfully completed the acquisition of the adhesive resins business from Eastman Chemical Company for a total consideration of $1 billion. This strategic transaction was driven by Synthomer's objective to strengthen its market leadership in key segments, including building and construction, transportation, and consumables. The acquisition of Eastman Chemical Company's adhesive resins business positions Synthomer for continued growth and enhanced competitiveness in these attractive end-markets.

Major companies operating in the nitrobenzene market include Sumitomo Chemical Co Ltd., China Petrochemical Corporation, Sinopec Nanjing Chemical Industrial Corporation, Mitsui Chemicals Inc., BASF SE, Dow Inc., Bayer MaterialScience AG, Chevron Phillips Chemical Company LLC, AstraZeneca plc, Mitsubishi Chemical Corporation, Wanhua Chemical Group Co Ltd., Covestro AG, Toray Industries Inc., Kureha Corporation, Huntsman International LLC, The Chemours Company, Wilbur-Ellis Holdings Inc., UBE Industries Ltd., Aarti Industries Ltd., Chemplast Sanmar Limited, Atul Ltd., Sadhana Nitro Chem Ltd., SP Chemicals Pte. Ltd., Connell Chemical Industry LLC, Aromsyn Co Ltd., Bann Quimica Ltd., Shandong Jinling Chemical Co, Chemieorganics Chemical India Pvt Ltd., Jilin Economic and Technology Development Zone General Co Ltd., Finetech Industry Limited

Asia-Pacific was the largest region in the nitrobenzene market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the nitrobenzene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the nitrobenzene market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The nitrobenzene market consists of sales of azoxybenzene, azobenzene, nitrosobenzene, hydrazobenzene, and phenylhydroxylamine. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Nitrobenzene Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on nitrobenzene market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for nitrobenzene ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The nitrobenzene market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Form: Liquid; Powder
• 2) By Application: Aniline Production; Pesticide Additive; Synthetic Rubber Manufacturing; Paint Solvent; Other Applications
• 3) By Sales Channel: Direct Company Sale; Direct Import; Distributors And Traders; Retailers
• 4) By End-Use: Construction; Agriculture; Pharmaceutical; Automotive; Other End Users
• Subsegments:
• 1) By Liquid: Industrial Grade Liquid Nitrobenzene; Purified Liquid Nitrobenzene
• 2) By Powder: Crystalline Nitrobenzene; Powdered Nitrobenzene For Specialty Applications
• Companies Mentioned: Sumitomo Chemical Co Ltd.; China Petrochemical Corporation; Sinopec Nanjing Chemical Industrial Corporation; Mitsui Chemicals Inc.; BASF SE
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.