According to ChemAnalyst report, “Global Nitrobenzene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global Nitrobenzene market has shown promising growth in the past few years and is expected to grow at a CAGR of 4.01% during the forecast period owing to its demand in major end use industries for nitrobenzene include construction, appliances, agriculture, automotive, packaging, transportation, industrial insulation etc.
Get more information: https://www.chemanalyst.com/industry-report/nitrobenzene-market-616
Nitrobenzene is produced by the direct nitration of benzene with water and concentrated nitric acid and sulphuric acid. Nitrobenzene is a water insoluble, yellowish, oily, aromatic nitro-compound with an almond-like odor that emits toxic fumes of nitrogen oxides upon combustion. Majority of the Nitrobenzene is consumed to produce Aniline which is a precursor to methylene diphenyl diisocyanate (MDI). MDI is further used to produce high performance Plastics, Urethane Polymers such as polyurethane foams & polyurethane elastomers, rubber chemicals etc. About 87% of the aniline produced used to produce MDI. Other applications of Nitrobenzene such as its role in the manufacturing of p-aminophenol, pesticides, dyes, and pigments and as a chemical intermediate or solvent, consumes rest of the amount produced. All these applications are expected to boost the demand growth during the forecast period.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which leads to non-functioning of Industries, obstacles in transportation therefore disruption in the demand and value chain. All these factors drastically impacted the overall market that consequently effected the market for Nitrobenzene and its derivatives. However, its surging demand in construction, automotive and chemical sectors are fueling the market for Nitrobenzene globally.
Request Sample: https://www.chemanalyst.com/ChemAnalyst/RequestForm
Region wise, Asia Pacific region holds the major share of global demand for nitrobenzene followed by Europe due to growing demand for commercial and residential construction and investment by the global players in the region because of cheap labor and large consumer base. Expanding production capacities by major aniline and MDI manufacturing companies in recent years is also a major driver for nitrobenzene production and consumption in the region. In 2018, Wanhua Chemical Group has increased its annual aniline production capacity by 180 kilotons, making it one of the largest producers of the chemical worldwide.
According to ChemAnalyst report, Global Nitrobenzene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, Some of the major players operating global Nitrobenzene market are BASF SE , Aromsyn Co.,Ltd., Covestro AG, Dow, China Petroleum & Chemical Corporation (Nanjing Chemical Industrial Corporation), Huntsman International LLC, SP Chemicals Holdings Ltd, Sumitomo Chemical Co., Ltd., Wanhua Corporation, The Chemours Company (DuPont), Wilbur-Ellis Holdings, Inc. (Connell), and others.
“Owing to the wide range applications of Nitrobenzene comprising Aniline, Polyurethane, Pesticide additive, Dyes, as Chemical Intermediate and Solvent etc. its market has shown a robust growth across the globe. China serves as the major growth region with sufficiently installed capacities for Nitrobenzene production but due to U.S-China trade war, the supply for raw material from the Unites States has been affected that directly impacts the production cycle of the Nitrobenzene and its derivatives. However, the leading chemical manufacturers are investing in other regions such as Indonesia, Vietnam, India and Australia which is likely to expand the Nitrobenzene market in the forecast period. Growth in construction as well as automotive fuels the demand for Nitrobenzene globally. With new competitors emerging across the Asia Pacific Nitrobenzene market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
Browse Related Reports
India Aniline Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, End Use, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030.
https://www.chemanalyst.com/industry-report/india-aniline-market-50
Global Nitrotoluene Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030.
https://www.chemanalyst.com/industry-report/nitrotoluene-market-617
About Us
ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries since from last 4 Years. The company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. Unlike most of its competitors such as ICIS, IHS & S&P Platts the company doesn’t believe in delivering prices in PDF reports. The company has developed proprietary algorithm based online subscription platform in which users can track years of historical prices of more than 250 chemical commodities. In addition, since it’s all online, the users cannot just compare prices across multiple countries but also with other commodities and play with the data by generating multiple graphs to find out amazing insights. The users get access to grade wise CIF, CFR & Ex Works prices at multiple ports in each country.
ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyse historical data for past years but will also get to analyse short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries.
ChemAnalyst is a one stop solution for all the data related needs. We at ChemAnalyst are committed to assist customers worldwide with their data and insights needs using our comprehensive online platform.
For more information, please visit us at www.chemanalyst.com
Contact Us:
Nilesh Vishwakarma
B-44 Sector-57 Noida,
National Capital Region
Tel: 0120-4523948
Mob: +91-8882336899
Email: [email protected]