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The chlorobenzene market share is expected to increase by USD 971 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.77%.
This chlorobenzene market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers chlorobenzene market segmentations by type (monochlorobenzene, p-dichlorobenzene, o-dichlorobenzene, and others) and geography (APAC, Europe, North America, MEA, and South America). The chlorobenzene market report also offers information on several market vendors, including Aarti Industries Ltd., Anhui Bayi Chemical Industry Co. Ltd., AppliChem GmbH, Jiangsu Yangnong Chemical Group Co. Ltd., Jiaxing Zhonghua Chemical Co. Ltd., Kureha Corp., LANXESS AG, Panoli Intermediates India Pvt. Ltd., PCC SE, and Val Organics Pvt. Ltd. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increased demand for chlorobenzene from the chemical industry is notably driving the chlorobenzene market growth, although factors such as rising awareness of eco-friendly fertilizers and pesticides may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the chlorobenzene industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Chlorobenzene Market Driver
One of the key factors driving the chlorobenzene market growth is the increased demand for chlorobenzene from the chemical industry. The global chlorobenzene market is witnessing growth because of its large number of applications in the chemical industry. Chlorobenzene and its by-products are used as intermediates in the production of various chemicals and chemical-based products, such as dyes, pigments, herbicides, and pesticides. In addition, chlorobenzene is used to synthesize 4-nitrochlorobenzene that acts as an intermediate in the production of 4-chloroaniline and 4-nitrodiphenylamine; the latter is used as an antioxidant in rubber products. Chemical industries are using chlorobenzene as a solvent for paints, adhesives, oil cleaners, waxes, and polishes. PPS, a semi-crystalline polymer manufactured by chlorobenzene, is resistant to high temperature, thermal shock, and chemical. Its low viscous property enables its use in reinforced plastics and electrical insulation. It is used in the textile industry for coatings and fabrics. India has a large-scale cotton and textile industry, which is fueling the demand for chlorobenzene and its derivatives as intermediate chemicals for dyestuff and pigments in the APAC region.
Key Chlorobenzene Market Trend
Rising awareness of eco-friendly fertilizers and pesticides is the major trend influencing the chlorobenzene market growth. Chlorobenzene is used extensively in the personal care industry in the production of deodorants and perfumes. Chlorobenzene acts as an intermediate chemical in the synthesis of p-nitrochlorobenzene. Earlier, perfumes were prepared from the extracts of flowers and animal oils. The production depended on the season's crop and the variety of flowers that were used in the production of oils used in perfumes for fragrance. The extracting of oils causes vegetation degradation and can cause serious harm to animals. Subsequently, manufacturers started using synthetic chemicals like petrochemicals in the production of perfume. Synthetic chemical-based perfumes and deodorants are cost-effective and more stable. The rising growth of economies like China and India enhances the living standard of consumers, thereby increasing the demand for personal care products.
Key Chlorobenzene Market Challenge
Rising awareness of eco-friendly fertilizers and pesticides is one of the key challenges hindering the chlorobenzene market growth. Monochlorobenzene is used to synthesize p-nitrochlorobenzene, which reacts with diphenyl oxide and is used in the production of pesticides and fertilizers. It is used as an effective fertilizer with high productivity; however, its effects on the environment and human health are toxic. The health of people working in agricultural fields is at high risk due to the exposure to harmful gases released by pesticides and fertilizers. Excessive exposure to the harmful gases may cause anemia, blood in urine, and damage to the kidneys, liver, and lungs. The increased awareness of the health, hygiene, and harmful effects of petrochemical-based fertilizers has led to the shift in the focus of farmers from synthetic fertilizers to organic fertilizers. Organic farming avoids the use of synthetic fertilizers and pesticides; instead, it uses animal manure, vegetable matter, and animal waste. The increasing consumption of bio-based fertilizers and pesticides in agricultural activities is hampering the demand for chlorobenzene-based agrochemicals, leading to the decline of the chlorobenzene market.
This chlorobenzene market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global chlorobenzene market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the chlorobenzene market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the chlorobenzene market encompasses successful business strategies deployed by the key vendors. The chlorobenzene market is concentrated and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The chlorobenzene market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the chlorobenzene market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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70% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for chlorobenzene in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing demand for personal care products will facilitate the chlorobenzene market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the region witnessed a decrease in the growth of the market in focus, owing to the COVID-19 outbreak. The temporary shutdown of production plants has disrupted the supply chain, and operational uncertainties have impacted the growth of the market. However, the governments in the region are taking measures to control the pandemic and re-start the production plants. Therefore, although the market is facing potential challenges, the growth is expected to rebound during the forecast period. However, the lifting of lockdowns in different countries, including India, Japan, and China, as well as the resumption of industrial and commercial activities, especially essential businesses, such as production units with a limited workforce, have led to the gradual growth of the market in focus in the region. This may propel the growth of the chlorobenzene market during 2021-2022.
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The chlorobenzene market share growth by the monochlorobenzene will be significant during the forecast period. The rising demand for nitrochlorobenzene and diphenyl oxide, which are derived from monochlorobenzene, for manufacturing herbicides, pharmaceuticals, and other compounds, is expected to propel the demand for monochlorobenzene, which in turn will drive the growth global chlorobenzene market over the forecast period.
Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the chlorobenzene market size and actionable market insights on post COVID-19 impact on each segment.
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Chlorobenzene Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.77% |
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Market growth 2021-2025 |
$ 971 million |
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Market structure |
Concentrated |
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YoY growth (%) |
6.38 |
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Regional analysis |
APAC, Europe, North America, MEA, and South America |
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Performing market contribution |
APAC at 70% |
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Key consumer countries |
China, US, Germany, India, and Brazil |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Aarti Industries Ltd., Anhui Bayi Chemical Industry Co. Ltd., AppliChem GmbH, Jiangsu Yangnong Chemical Group Co. Ltd., Jiaxing Zhonghua Chemical Co. Ltd., Kureha Corp., LANXESS AG, Panoli Intermediates India Pvt. Ltd., PCC SE, and Val Organics Pvt. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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