A new research report by Transparency Market Research offers a comprehensive evaluation of the global Nitrobenzene market. The study, titled “Nitrobenzene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024”, is available for sale on the firm’s website.
Nitrobenzene is primarily used in the production of aniline. Aniline is further used in the manufacture of rubber chemicals, dyes, explosives, pesticides, and pharmaceuticals. Nitrobenzene is also used in the production of leather dressings, floor polishes, paint solvents, and materials that mask unpleasant odors. Redistilled nitrobenzene is used in the production of cost-effective perfumes for soaps in the form of oil of mirbane. Additionally, nitrobenzene is employed in the manufacture of analgesic paracetamol. It is also used in Kerr cells. Nitrobenzene is used in the production of derivatives such as nitrosobenzene, azobenzene, and phenylhydroxylamine. Rising demand for nitrobenzene in end-use applications such as rubber chemicals, dyes, explosives, pesticides, pharmaceuticals, leather dressings, floor polishes, paint solvents, and soaps is projected to drive the global nitrobenzene market in the near future.
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Major volume of nitrobenzene is used for the production of aniline. Aniline is further used in the production of methylenebis (4-phenyl isocyanate) (MDI). MDI is typically used along with propylene oxide polyols in polyurethane (PU) foams. These types of foams are employed in a wide range of application segments such as transportation, construction, furniture, and appliances. Demand for MDI, aniline and consequently nitrobenzene depends on factors such as production of original equipment, residential and non-residential construction or remodeling activities, and automobile production.
Asia Pacific is expected to be the fastest growing market for nitrobenzene in the next six years primarily due to increasing demand for nitrobenzene in developing countries such as China, India, Indonesia, and Thailand. Population in these countries is rising at a significant rate which is ultimately resulting in an increase in the total customer base. Disposable income and the purchase parity of people is increasing in these countries owing to rapid economic development which is further resulting in an enlargement of the overall customer base in these countries.
Furthermore, countries in regions such as Africa, South America, and the Middle East are experiencing rapid economic growth since the last few years. The U.S. and some of the major countries in Europe are gradually recovering from the economic downturn. These factors are ultimately leading to optimistic outlook for the global industrial scenario. Therefore, industries such as rubber chemicals, dyes, explosives, pesticides, and pharmaceuticals are anticipated to record significant growth in the near future. Furthermore, outlook for rubber chemicals, dyes, explosives, pesticides, and pharmaceuticals industries appears positive in developing countries such as China, India, and Brazil.
This is estimated to drive the demand for nitrobenzene in the next few years. Increasing demand for nitrobenzene in industries such as rubber chemicals, dyes, explosives, pesticides, and pharmaceuticals across the globe is projected to drive the global nitrobenzene market in the next few years. Major players operating in the nitrobenzene market are primarily focusing on developing countries to tap their market potential. These companies are installing vast manufacturing facilities in developing countries to meet the rapidly rising local demand for nitrobenzene. Thus, the global nitrobenzene market is likely to expand significantly in the next few years.
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Major companies operating in the global nitrobenzene market include BASF SE and DuPont.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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