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.
Get
PDF Brochure for more Professional and Technical insights :
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.
Browse
Market Research Report with ToC & Analysis :
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)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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