Overview
Nitrobenzene Market is forecast
to reach $11.31 billion by 2025, after growing at a CAGR of 3.58% during
2020-2025. Increasing demand for aniline is the key factor in driving market
growth. In addition, recovering construction is expected to drive the market
during the forecast period in countries such as the United Kingdom and Australia.
Report Coverage
The report: “Nitrobenzene Market – Forecast (2020-2025)”, by IndustryARC, covers
an in-depth analysis of the following segments of the Nitrobenzene Market.
Key Takeaways
- The demand for nitrobenzene is increasing which replaces bio-based chemicals such as volatile organic compounds and helps to reduce emission.
- Increasing development in pharmaceuticals, dyes, chemical and chemical industries are estimated to increase the market growth in the near future.
- In India, China and Brazil, growth in the agricultural industry is anticipated to boost nitrobenzene market growth, owing to supportive regulatory support for access to raw materials.
- In the future, rubber growth in the automotive industry is expected to increase the growth of the nitrobenzene market.
End-user Industry - Segment Analysis
The automotive segment held the
largest share in the Nitrobenzene Market in 2018. Growing demand for synthetic
rubber is likely to have a positive impact on the Nitrobenzene market. With
increasing sales of passenger and commercial vehicles, the automotive industry
is developing worldwide. It has been projected that nearly 90 million
vehicles sold in 2015 and is expected to sell 108 million
by 2020. The global automotive industry is driven by increased per capita
income and an increasing population across regions.
Application - Segment Analysis
Aniline Production sector has
been the primary market for Nitrobenzene at a CAGR of 5.07%. The demand for
aniline drives most of the nitrobenzene market as nitrobenzene is the main raw
material for the production of aniline. In the production of various chemicals
such as MDI, aniline is a major component that is further used in end-user
industries such as construction, cosmetics, pharmaceuticals, automotive,
agriculture, and others. It is also used in the construction sector for the manufacturing of insulators.
Geography - Segment Analysis
APAC dominated the Nitrobenzene
Market with a share of more than 38%, followed by North America and Europe. Agriculture
outlook in China, Philippines, India, Bangladesh, and Pakistan amidst
regulatory inclination to increase production at the domestic level. Due to the
easy availability of raw materials like Sulfuric acid, Benzene and the low
manufacturing and labor costs, the expedition development in China
for pharmaceutical, dyes, pesticides, rubber, and chemical industries are
anticipated to have a positive impact on nitrobenzene market growth. It is
projected to increase demand for MDI for the manufacturing of insulators in
India, due to the inclusion of domestic construction industry growth.
Drivers – Nitrobenzene Market
- Rise in agricultural sustainability
Nitrobenzene is used as an energy
source for plants and leads to an increase in crop yield. In global agriculture, the industry has made several changes by developing, farming techniques,
drip irrigation, crop protection, and soil management have changed
significantly. The governments are continuously imposing the focus on organic
farming in the fields of the economy, social, and the environment by
providing farmers with education and training to improve the quality of crops,
productivity and soil texture.
Challenges – Nitrobenzene Market
- Increasing demand for bio-based fertilizers
The EU Commission and the United States EPA developed regulatory standards proposed to reduce emissions of volatile organic compounds (VOCs) leading to increased demand for bio-based chemicals and, thus, likely to hinder market growth for nitrobenzene. United States EPA listed nitrobenzene as a potential occupational carcinogen which is anticipated in the near future as a major challenge for the industry Increasing organic fertilizer demand due to growing environmental concerns will restrict the nitrobenzene market growth in the near future.
Market Landscape
Technology launches, acquisitions, and R&D
activities are key strategies adopted by players in the Nitrobenzene Market. In
2018, the market of Nitrobenzene has been consolidated by the top five players
accounting for xx% of the share. Major players in the Nitrobenzene Market are Huntsman
Corporation, BASF SE, First Chemical Corp, DuPont Chemical Solutions
Enterprise, Bayer AG, Yantai Wanhua Polyurethane Co. Ltd., Shandong Jinling
Chemical Co., Sumitomo Chemical Co. Ltd., and
Bann Quimica Ltd., among others.
1.1 Definitions and Scope
2. Nitrobenzene Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Nitrobenzene Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Nitrobenzene Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Nitrobenzene Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Nitrobenzene Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Nitrobenzene Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Nitrobenzene Market - By Product Type (Market Size -$Million / $Billion)
9. Nitrobenzene Market - By End-user Industry (Market Size -$Million / $Billion)
11.1 Nitrobenzene Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Nitrobenzene- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Nitrobenzene- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Nitrobenzene - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong Kong
11.8.5.9 Rest of APAC
11.9 Nitrobenzene - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Nitrobenzene Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Nitrobenzene Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at a global level - Top 10 companies
13.1.6 Best Practises for companies
14. Nitrobenzene Market - Key Company List by Country Premium
15. Nitrobenzene Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Aromsyn Co., Ltd
15.3 Bann Quimica Ltd
15.4 Basf Se
15.5 Covestro Ag
15.6 Finetech Industry Limited
15.7 Huntsman Corporation
15.8 Shandong Jinling Chemical Co
15.9 The Chemours Company
15.10 The Dow Chemical Company
15.11 Tianjin Elong Co, Ltd
15.12 Total S A
15.13 Yantai Wanhua Polyurethane Co Ltd
15.14 Company 13
15.15 Company 14 & More
16.1 Abbreviations
16.2 Sources
17. Nitrobenzene Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends