Global Nitrobenzene Market Size, Share, Trends, Industry Growth by Application (Aniline Production, Pesticide Additive, Synthetic Rubber Manufacturing, Paint Solvent, Others), by End-User (Construction, Agriculture, Pharmaceutical, Automotive, Others), and Forecast to 2028

Price: 3600/- USD | Published Date: July 17, 2022 |

The global nitrobenzene market size is expected to grow at a significant CAGR of over 4% during the forecast period from 2022 to 2028. The growing demand for high-performance plastic in various industries such as automotive and construction is a major factor to drive the market growth. Furthermore, the growing consumption of industrial chemicals manufactured by nitrobenzene is further anticipated to fuel the market growth over the forecast period. Moreover, the growing demand for the product in aniline manufacturing, easy availability of raw material, and the rising inclination towards bio-based chemicals are further projected to propel the market in next upcoming years.

Market Insights:

By application, the aniline production segment is expected to hold the largest revenue share of the market by 2028

The global nitrobenzene market is bifurcated into application, end-user, and geography. On the basis of application, the market is further segmented into aniline production, pesticide additive, synthetic rubber manufacturing, paint solvent, and others. The aniline production segment dominated the global market in 2021 and expected to maintain its dominance over the forecast period. The widespread use of the product in MDI manufacturing, rubber accelerators and anti-oxidants, dues and intermediates, and others is a primary factor to drive the segment growth. Furthermore, the growing demand for high-grade paint solvents coupled with the growing disposable income is further anticipated to drive the paint solvent segment growth over the forecast period.

By end-user, the construction segment held the largest market share in 2021

On the basis of end-user, the market is segmented into construction, agriculture, pharmaceutical, automotive, and others. The construction segment dominated the global nitrobenzene market in 2021 and accounted to hold the largest revenue share of around half of the market by the end of the analysis period. The strong demand for various MDI-based products such as elastomers, polyurethanes, sealants, and adhesives is a major factor to drive the segment growth. Furthermore, the rapid growth in urbanization coupled with the growing population is further anticipated to boost the segment growth over the forecast period.

Nitrobenzene Market Report

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The nitrobenzene comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The nitrobenzene market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Global Nitrobenzene Market Segmentation:

Nitrobenzene Market Segmentation by Application:

  • Aniline Production
  • Pesticide Additive
  • Synthetic Rubber Manufacturing
  • Paint Solvent
  • Others

Nitrobenzene Market Segmentation by End-User:

  • Construction
  • Agriculture
  • Pharmaceutical
  • Automotive
  • Others

Nitrobenzene Market Segmentation by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Nitrobenzene Market: Geographic Coverage

Geographically, the Asia Pacific dominated the global nitrobenzene market in 2021 and is estimated to maintain its dominance over the forecast period. The growing shift of various international manufacturers due to its affordable labor cost and infrastructure is a major factor to drive the market growth in the region. Furthermore, the expansion of the manufacturing capacity of major manufacturers in recent years coupled with the growing demand for MDI and aniline-based products is further expected to boost the market growth in the Asia Pacific. Moreover, the growing construction industry and the increasing demand for various MDI-based products are projected to propel the market growth over the forecast period in the region.

Nitrobenzene Market: Competitive Assessment

Some of the major market players operating in the global nitrobenzene market are Wanhua Chemical Group Co., Ltd., Covestro AG, BASF SE, DuPont, and Huntsman Corporation. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Wanhua Chemical Group Co., Ltd.
  • Covestro AG
  • BASF SE
  • DuPont
  • Huntsman Corporation
  • Aromsyn Co. Ltd.
  • Bann Quimica Ltd.
  • Dow
  • SP Chemicals Holdings Ltd.
  • Sumitomo Chemical Co. Ltd.
  • Wilbur-Ellis Holdings Inc.

Key Questions Answered by Nitrobenzene Market Report

  • Global nitrobenzene market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • Nitrobenzene submarket forecasts from 2022-2028 covering the market by application, by end-user, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level nitrobenzene markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Nitrobenzene Market Portraiture
2.2. Global Nitrobenzene Market, by Application, 2021 (USD Mn)
2.3. Global Nitrobenzene Market, by End-Use, 2021 (USD Mn)
2.4. Global Nitrobenzene Market, by Geography, 2021 (USD Mn)

 

3. Global Nitrobenzene Market Analysis


3.1. Nitrobenzene Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Nitrobenzene Market By Application, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Aniline Production
4.3. Pesticide Additive
4.4. Synthetic Rubber Manufacturing
4.5. Paint Solvent
4.6. Others

 

5. Global Nitrobenzene Market By End-Use, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. Construction
5.3. Agriculture
5.4. Pharmaceutical
5.5. Automotive
5.6. Others

 

6. North America Nitrobenzene Market Analysis and Forecast, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. North America Nitrobenzene Market by Application, (2019-2028 USD Mn)
6.3. North America Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
6.4. North America Nitrobenzene Market by Country, (2019-2028 USD Mn)
6.4.1. U.S.
6.4.1.1. U.S. Nitrobenzene Market by Application, (2019-2028 USD Mn)
6.4.1.2. U.S. Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
6.4.2. Canada
6.4.2.1. Canada Nitrobenzene Market by Application, (2019-2028 USD Mn)
6.4.2.2. Canada Nitrobenzene Market by End-Use, (2019-2028 USD Mn)

 

7. Europe Nitrobenzene Market Analysis and Forecast, 2019 – 2028 (USD Mn)


7.1. Overview
7.2. Europe Nitrobenzene Market by Application, (2019-2028 USD Mn)
7.3. Europe Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
7.4. Europe Nitrobenzene Market by Country, (2019-2028 USD Mn)
7.4.1. Germany
7.4.1.1. Germany Nitrobenzene Market by Application, (2019-2028 USD Mn)
7.4.1.2. Germany Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
7.4.2. U.K.
7.4.2.1. U.K. Nitrobenzene Market by Application, (2019-2028 USD Mn)
7.4.2.2. U.K. Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
7.4.3. France
7.4.3.1. France Nitrobenzene Market by Application, (2019-2028 USD Mn)
7.4.3.2. France Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
7.4.4. Italy
7.4.4.1. Italy Nitrobenzene Market by Application, (2019-2028 USD Mn)
7.4.4.2. Italy Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
7.4.5. Rest of Europe
7.4.5.1. Rest of Europe Nitrobenzene Market by Application, (2019-2028 USD Mn)
7.4.5.2. Rest of Europe Nitrobenzene Market by End-Use, (2019-2028 USD Mn)

 

8. Asia Pacific Nitrobenzene Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1. Overview
8.2. Asia Pacific Nitrobenzene Market by Application, (2019-2028 USD Mn)
8.3. Asia Pacific Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
8.4. Asia Pacific Nitrobenzene Market by Country, (2019-2028 USD Mn)
8.4.1. China
8.4.1.1. China Nitrobenzene Market by Application, (2019-2028 USD Mn)
8.4.1.2. China Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
8.4.2. Japan
8.4.2.1. Japan Nitrobenzene Market by Application, (2019-2028 USD Mn)
8.4.2.2. Japan Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
8.4.3. India
8.4.3.1. India Nitrobenzene Market by Application, (2019-2028 USD Mn)
8.4.3.2. India Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
8.4.4. Rest of Asia Pacific
8.4.4.1. Rest of Asia Pacific Nitrobenzene Market by Application, (2019-2028 USD Mn)
8.4.4.2. Rest of Asia Pacific Nitrobenzene Market by End-Use, (2019-2028 USD Mn)

 

9. Latin America (LATAM) Nitrobenzene Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1. Overview
9.2. Latin America Nitrobenzene Market by Application, (2019-2028 USD Mn)
9.3. Latin America Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
9.4. Latin America Nitrobenzene Market by Country, (2019-2028 USD Mn)
9.4.1. Brazil
9.4.1.1. Brazil Nitrobenzene Market by Application, (2019-2028 USD Mn)
9.4.1.2. Brazil Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
9.4.2. Mexico
9.4.2.1. Mexico Nitrobenzene Market by Application, (2019-2028 USD Mn)
9.4.2.2. Mexico Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
9.4.3. Rest of Latin America
9.4.3.1. Rest of Latin America Nitrobenzene Market by Application, (2019-2028 USD Mn)
9.4.3.2. Rest of Latin America Nitrobenzene Market by End-Use, (2019-2028 USD Mn)

 

10. Middle East and Africa Nitrobenzene Market Analysis and Forecast, 2019 – 2028 (USD Mn)


10.1. Overview
10.2. MEA Nitrobenzene Market by Application, (2019-2028 USD Mn)
10.3. MEA Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
10.4. Middle East and Africa Nitrobenzene Market, by Country, (2019-2028 USD Mn)
10.4.1. GCC
10.4.1.1. GCC Nitrobenzene Market by Application, (2019-2028 USD Mn)
10.4.1.2. GCC Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
10.4.2. South Africa
10.4.2.1. South Africa Nitrobenzene Market by Application, (2019-2028 USD Mn)
10.4.2.2. South Africa Nitrobenzene Market by End-Use, (2019-2028 USD Mn)
10.4.3. Rest of MEA
10.4.3.1. Rest of MEA Nitrobenzene Market by Application, (2019-2028 USD Mn)
10.4.3.2. Rest of MEA Nitrobenzene Market by End-Use, (2019-2028 USD Mn)

 

11. Company Profiles


11.1. Wanhua Chemical Group Co., Ltd.
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Covestro AG
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. BASF SE
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. DuPont
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Huntsman Corporation
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Aromsyn Co. Ltd.
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Bann Quimica Ltd.
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Dow
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. SP Chemicals Holdings Ltd.
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Sumitomo Chemical Co. Ltd.
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
11.11. Wilbur-Ellis Holdings Inc.
11.11.1. Business Description
11.11.2. Financial Health and Budget Allocation
11.11.3. Product Positions/Portfolio
11.11.4. Recent Development
11.11.5. SWOT Analysis
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