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 a kind of organic compound which is used in the manufacturing of
aniline and acts as a predecessor for the production of chemicals and
numerous derivatives in cosmetics, agriculture, pharmaceuticals, and
other types of industrial applications. It is also used as a chemical
to manufacture pesticides, synthetic rubber, and lubrication oil.
Rising demand for rubber in the automotive industry is likely to fuel
the growth of the nitrobenzene market over the forecast period.
Expansion of the construction industry is one of the key factors
likely to drive the nitrobenzene market over the forecast period.
Rapid urbanization in developing economies such as China and India
among others has led to the growth of the construction industry,
which has been one of the dominant factors driving the nitrobenzene
market. Growth of the agriculture industry coupled with the mounting
demand for fertilizers is driving the nitrobenzene market globally.
Rise in the demand for bio-based chemicals and strict environment
regulations are restraining the nitrobenzene market from expansion.
Availability of cheap labor and low cost of raw materials in China is
expected to drive the nitrobenzene market in this region.
Browse
Market Research Report @
The
nitrobenzene market has been segmented on the basis of application
and end-user. On the basis of application, the nitrobenzene market is
segregated into pesticides, lubricating oil, aniline production, and
synthetic rubber. Aniline production was the most dominant segment in
2015 and it is expected to remain so over the forecast period. On the
basis of end-user, the market is segregated into pharmaceuticals,
agriculture, and industrial applications. Agriculture registered the
most dominant share in the nitrobenzene market in 2015 and is likely
to retain its position over the years to come.
Geographically,
the nitrobenzene market is segmented by North America, Europe, Asia
Pacific, Middle East & Africa, and Latin America. Asia-Pacific
accounted for the largest market share in 2015 and it is expected to
remain so over the forecast period. Rapid pace of urbanization in
developing countries such as China, India, and Bangladesh is a key
driver of the nitrobenzene market in this region. Growth of
agricultural industry in this region has fuelled the growth of the
nitrobenzene market. North America accounts for a considerable share
in the nitrobenzene market. Growth of the pharmaceutical industry is
driving the market for nitrobenzene in this region. The European
Commission has proposed reduction in the level of volatile organic
compounds (VOC) emissions which has resulted in the demand for
bio-based chemicals which is likely to enhance the growth of the
nitrobenzene market growth.
Asia
Pacific has an increasing demand for nitrobenzene owing to
developments in agriculture. China accounts for majority share of the
nitrobenzene market in Asia Pacific. Growth in the construction
industry and rapid pace of urbanization is one of the major drivers
for the nitrobenzene market in Asia Pacific. Increasing development
in the dyes, pharmaceuticals, pesticides, and chemical industry among
others in the developing nations has been one of the key drivers for
the nitrobenzene market. Middle East & Africa has an emerging
nitrobenzene market owing to increase in the demand for bio based
chemicals and strict environmental regulations. Latin America
occupies a considerable share in the nitrobenzene market. Brazil is
one of the large markets for nitrobenzene in this region.
Get
accurate market forecast and analysis on the Nitrobenzene market.
Request a sample to stay abreast on the key trends impacting this
market@
The
major players in the nitrobenzene market are BASF SE, Aromsyn Co.,
Ltd., Bann Quimica Ltda. and Finetech Industry Limited. Some of the
other key vendors in the market are China National Petroleum
Corporation, Huntsman Corporation, Shandong Jinling Chemical Co., The
Chemours Company, Total S.A., The Dow Chemical Company, and Yantai
Wanhua Polyurethane Co. Ltd. among others.
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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Us
Transparency
Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
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proprietary data sources and various tools and techniques to gather
and analyze information.
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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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