The recently published global Nitrobenzene market research by Reports and Data is a comprehensive assessment of the industry with regards to top companies in the market, regional bifurcation, segments, sub-segments, market share, market size, price trends, and production & consumption patterns. The report discusses in detail the key factors that may act as drivers and restraints for the industry growth during the forecast period.
The report offers strategic recommendations to established players and new entrants to overcome industry barriers and gain a strong foothold in the market. Each chapter of the report has been curated through extensive primary and secondary research to help clients take an informed market decision to achieve business growth.
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Further key findings from the report suggest
- The Nitrobenzene market held a market share of USD 9.64 Billion in the year 2020 that is forecasted to grow at a rate of 3.2% during the forecast period.
- In context to Grade, the Agriculture grade segment is projected to witness a considerable growth rate of 5.2% during the forecast period, which is expected to occupy more than 5.0% of the market by 2028. The growth rate witnessed by the Agriculture grade segment is attributed to the continuous expansion of the agriculture sector, associated rising demand for agrochemicals, elevating emphasis on pest control and applicability of the compound in producing pesticides, which is resulting in the growing demand for the organic compound in this grade contributing to the growth rate witnessed by this segment.
- In context to End-user, the Pharmaceuticals segment is projected to witness a considerable growth rate of 3.9% during the forecast period, which is expected to hold more than 5.0% of the market by 2028. The growth rate witnessed by the Pharmaceuticals segment is attributed to the continuous growth of the pharmaceutical sector and applicability of the organic compound in manufacturing widely used medications like paracetamol or analgesic acetaminophen contributes to the growth rate witnessed by this segment.
- In regards to Application, the Aniline Production segment held a significant share of the market of more than 80.0% in 2020, with a CAGR of 3.2% during the forecast period. The market share held by the Aniline segment is its wide arena of use ranging from rubber chemicals, explosives, pharmaceuticals, pesticides, and dyes, wherein it is used as a precursor.
- In regards to the region, North America held more than 20.0% of the market in 2020, with a CAGR of 3.2% during the forecast period. The presence of well-established chemical industry and growing pharmaceutical sector is supporting the expansion of the industry in this region.
- Key participants include BASF SE, Aromsyn Co., Lt, Bann Quimica Ltd, Huntsman Corporation, Finetech Industry Limited, The Chemours Company, Shandong Jinling Chemical Co, The Dow Chemical Company, Tianjin Elong Co, Ltd, Yantai Wanhua Polyurethane Co Ltd, and Covestro.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/nitrobenzene-market
For the purpose of this report, Reports and Data have segmented the global Nitrobenzene market according to Grade, Application, End-user, and Region:
Grade Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Agriculture grade
- Technical grade
- Pharmaceutical grade
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Aniline Production
- Synthetic Rubber Production
- Pesticides Production
- Paint Solvent
- Others
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Automotive
- Construction
- Pharmaceuticals
- Agriculture
- Cosmetics
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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