Chlorobenzene Market Overview
Chlorobenzene Market size is
expected to be valued at US$3,328.9 million by the end of the year 2027 and the
Chlorobenzene industry is set to grow at a CAGR of 5.8% during the forecast
period from 2022-2027. Chlorobenzene, also called as phenyl chloride or benzene
chloride, is an aromatic organic compound, usually produced by ferric chloride,
sulfur chloride, and anhydrous aluminum chloride. Chlorobenzene is used as
intermediaries in production of chemical-based products such as pigments, dyes,
herbicides, pesticide, degreasing agents and others. It is also used as
solvents in the manufacture of oil cleaners, adhesives, waxes, paints, paint
removers, polishes and others. Polyphenylene sulfide (PPS), a semi-crystalline
polymer manufactured by chlorobenzene, is widely used in the textile industry
for coatings and fabric, due to its high resistance to temperature, thermal
shock and chemicals. Chlorobenzene is also used in dichlorodiphenyltrichloroethane
which is used for producing agrochemicals. The increasing application in
various end-use industries like pharmaceutical, textile, agriculture, proteomics
research and others is highly driving the Chlorobenzene market.
COVID-19 impact
Amid the Covid-19 pandemic, the chlorobenzene
market saw a considerable amount of growth due to the increase in demand from
the pharmaceutical industry. Chlorobenzene is used is an active pharmaceutical
ingredient used in the manufacture of various medicines. The demand for
chlorobenzene however decreased from the other end-use industries such as
textile industry, agriculture industry, paints and coating industries and
others, due to the economic
restrictions around the globe. Although the demand from many key-use industries
decreased, the demand from the pharmaceutical industry boosted the sales of chlorobenzene
during the year 2020. The chlorobenzene market is also estimated to gradually grow
during the year 2021.
Report Coverage
The report: “Chlorobenzene Market – Forecast (2022-2027)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Chlorobenzene Industry.
By Type: Monochlorobenzene, Paradichlorobenzene, Orthodichlorobenzene,
m-dichlorobenzene, Hexachlorobenzene and Others.
By Grade: Industrial Grade, Technical Grade and
Pharmaceutical Grade.
By Application: Polymers and Resins, Deodorants and sprays,
Adhesives and Sealants, Waxes, Cosmetics, Rubber, Pesticide, Pigments, Ink and
Dyes, Solvents, Plastics, Perfumes and Others.
By End-Use Industry: Paints and Coatings, Textile Industry,
Pharmaceutical Industry, Agriculture Industry, Healthcare and Medical Industry,
Personal Care and Others.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK,
France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe),
APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia,
Taiwan, Malaysia), South America (Brazil, Argentina, Colombia, Chile and Rest
of South America) and RoW (Middle East and Africa).
Key Takeaways
- Asia-Pacific market held the largest share in the chlorobenzene market owing to the increase in demand from various key-use industries such as agriculture industry textile industry and pharmaceutical industry in countries like China, Japan and India.
- The increase in the demand from the pharmaceutical industry, especially during the Covid-19 pandemic has led to the hike in the production and sales of Chlorobenzene
- The increasing application of chlorobenzene in the textile industry for dyes and pigments is one of the significant factors driving the growth of the Chlorobenzene market.
- Amid the Covid-19 pandemic, the Chlorobenzene market witnessed a considerable amount of growth owing to the increase in the use of chlorobenzene in the production of medicines.
FIGURE: Chlorobenzene Market Revenue, 2021-2027 (US$ Million)
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Chlorobenzene Market Segment Analysis – By Type
Monochlorobenzene held the
largest share of 34% in the Chlorobenzene market in the year 2021. The increase
in demand for monochlorobenzene can be attributed to the increasing demand from the manufacture of diphenyl
oxide and nitrochlorobenzene, which has a wide range of applications such as
chemicals in rubber processing, pesticide, resins dyes and pigment
intermediates among others. Monochlorobenzene is also used in specialty chemicals and further used for
various applications such as ether & phenylphenols, Sulfone polymers nitrochlorobenzene,
Diphenol and Solvents. The increase in year-on-year growth of industries such
as pesticide and pharmaceutical industry is driving the Monochlorobenzene
segment in the Chlorobenzene market.
Chlorobenzene Market Segment Analysis – By Grade
Industrial grade segment held the
largest share of 45% in the Chlorobenzene market in the year 2021. Industrial
grade is used in various key-use industries such as dyes, pigments, specialty
chemicals, pesticide, herbicides and others. This is highly driving the
industrial grade chlorobenzene. Industrial grade chlorobenzene is used as
solvents in various industrial applications such as paints, coatings,
adhesives, sealants, polishes, waxes and other such industrial products. The
growth of end-use industries using such applications is one of the significant factors
driving the Chlorobenzene market.
Chlorobenzene Market Segment Analysis – By Application
Solvents segment held the largest
share of 30% in the Chlorobenzene market in the year 2021. Solvents are
extensively used in the production of pesticide formulations, adhesives,
sealants, polishes, paints, abrasives coatings and others. Cholorobenzene has
high boiling temperature and gets easily evaporated in air without leaving
behind any trace, and is used as intermediaries in the production of various chemicals.
It can also be used for degreasing automobile parts. This is highly driving the
use of cholorobenzene in the solvents segments, which is further increasing the
growth of solvents in the cholorobenzene market.
Chlorobenzene Market Segment Analysis – By End-Use Industry
Pharmaceutical industry held the largest share growing at
a CAGR of 10.7% in the Chlorobenzene market in the year 2021. The increasing
use of cholorobenzene as Active Pharmaceutical Ingredients in the
pharmaceutical industry is one of the significant factors driving the use of cholorobenzene
in the pharmaceutical sector. Furthermore, cholorobenzene is also used as an
antioxidant gum additive in the pharmaceutical sector and in proteomics
research. According to preclinical, a healthcare related service provider, the
global pharmaceutical industry will grow by 29% to reach a market value of
US$1.43 billion in the year 2020. This is majorly driving the pharmaceutical
industry segment in the cholorobenzene market, as cholorobenzene is extensively
used in the production of various medicines and other specialty chemicals used
in the pharmaceutical industry.
Chlorobenzene Market Segment Analysis – By Geography
Asia-Pacific region held the largest share of 41% in the Chlorobenzene market in the year 2021. The rapid growth in the population in countries like India and China coupled with the countries’ high dependence on agriculture, which eventually results in high demand for pesticide and herbicides is highly driving the cholorobenzene market. Furthermore, the presence of various major industry players in the region is contributing to the growth of the cholorobenzene industry in APAC. The vast base of end-user industries such as pharmaceuticals, dyes & pigments, pesticide and other organic chemicals is one of the significant factors driving the chlorobenzene market. The pharmaceutical industry in the APAC region, especially in India is one of the major factors driving the chlorobenzene market in the region. India is the third largest producer of pharmaceuticals across the globe and has the maximum number of FDA approved plants outside of the United States. According to IBEF, the pharmaceutical industry in India is estimated to be around US$41 billion by the end of 2021. Furthermore, the investments in the pharmaceutical industry in India stood at USS17.5 billion in the year 2020 and the Indian government further announced an incentive scheme in February 2021 which will attract investments of US$2.07 billion into the sector. This will majorly impact the cholorobenzene market in the region.
Chlorobenzene Market Drivers
- Increase in the demand from textile industry
The increase in demand for cholorobenzene in textile industry for the production of dyes and pigments is highly driving the cholorobenzene market. Cholorobenzene is used in the manufacture of dyes, inks, paint removers and pigments used in the fibre of the textile clothing. The growing textile industry across the globe is majorly impacting the growth of the cholorobenzene market in a positive way. For an instance, according to Euratex, the European apparel and textile confederation, the turnover of the European textile industry in the year 2019 was valued at US$181.99 billion and the exports of textile industry was valued at US$61 billion in the year 2019, an increase of 4.8% from the previous year. Furthermore, according to India Brand Equity Foundation (IBEF), the Indian textile industry contributed 7% to the industry output in the year 2019 and attracted an investment of US$1.44 billion under production linked incentive scheme for manmade fibre and technical textiles during the year 2020. This will drive the cholorobenzene market.
- Increasing application in the Rubber Industry
The increasing demand for cholorobenzene from the rubber industry is one of the significant factors
driving the cholorobenzene market. Cholorobenzene
is used in chemicals for manufacturing diphenyl oxide and nitrochlorobenzene, which
has wide applications in the production of rubber, polymers, resins and others.
According to The Rubber Economist Ltd, the consumption of synthetic rubber in
the year stood at 15,187,000 tonnes in the year 2019, an increase of 52.7% from
the previous. The increase in the consumption and production of rubber is
highly driving the cholorobenzene market, as cholorobenzene
is used in the production of rubber and related products.
Chlorobenzene Market Challenges
- Health related Issues from the Usage of Cholorobenzene
The detrimental effects associated with
the usage of cholorobenzene such as hyperesthesia,
muscle spasms, numbness and cyanosis. According to Environmental
Protection Agency of the US government, cholorobenzene
has both acute and chronic effects on human. Exposure to cholorobenzene causes
side effects such as headaches and irritations. Chronic exposure of cholorobenzene
in human is dangerous and detrimental to human health. This is one of the major
challenges faced by the cholorobenzene market.
Chlorobenzene Market Industry Outlook
Facility expansion, production expansion, collaborations,
partnerships, investments, acquisitions and mergers are some of the key
strategies adopted by players in the Chlorobenzene Market. Major players in the Chlorobenzene Market are
- Beckmann-Kenko GmbH
- Applichem GmbH
- Lanxess
- Tianjin Bohai Chemical Industries
- China Petrochemical Corporation
- J&K Scientific Ltd
- Jiangsu Yangnong Chemicals Group Co Ltd.
- Meryer (Shanghai) Chemical Technology Co. Ltd.
- PPG Industries, Inc.
- Chemada Fine Chemicals
- Kureha Corporation among others.
Recent Developments
On 3 February 2020, PPG Industries, Inc. acquired ICR, manufacturer
of paints & coatings, putties, primers, basecoats, clear coats and others,
the main product of raw material for these products being Chlorobenzene.
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