Global Nitrobenzene Market Outlook to 2026
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Nitrobenzene is the simplest aromatic nitro compound having the formula C6H5NO2. It is a water-insoluble pale yellow oil and has an almond-like odor. Upon freezing, it changes to greenish-yellow crystals. Nitrobenzene is generally used in the manufacture of aniline, benzidine, and other organic chemicals.
According to Researcher, the global Nitrobenzene market is expected to witness a moderate growth rate during the forecast period. One of the most important applications of nitrobenzene is the production of Aniline. Aniline derivatives such as Methylene diphenyl diisocyanate (MDI) can be used for the manufacturing of various products such as adhesives, automotive interiors, furnishing, consumer goods, etc. The major factors responsible for the growth of the global Nitrobenzene market are the high demand for Aniline which is used for the production of various automotive and construction chemicals.
In terms of end-users, the construction industry is likely to dominate the market due to the rising demand for various MDI products such as adhesives and sealants, elastomers, etc. MDI is also an excellent binder for wood and furniture.
The Asia Pacific region is currently the global leader in the studiedmarket. It is the largest producer and consumer of Nitrobenzene. Due to affordable infrastructure and labor costs, most of the manufacturers have shifted their manufacturing units in this region. China is the global leader in terms of Aniline production. Europe is the second-largest consumer of Nitrobenzene.
The global Nitrobenzene market is highly fragmented. The major players in the global Nitrobenzene market are BASF SE, Covestro AG, Huntsman Corporation, Wanhua Chemical Group Co., Ltd., The Chemours Company, among others.
In July 2020, KBR, Inc. (American engineering, procurement, and construction company) developed a proprietary process for adiabatic nitration of benzene to nitrobenzene (NB). For this technology, KBR has been awarded a contract by Kutch Specialities Pvt Ltd, India. Under the terms of the contract, KBR has to provide basic and detailed engineering design, equipment, and related advisory services to Kutch Specialities Pvt Ltd for its grassroots nitrobenzene project in India.
GlobalNitrobenzene Market report provides deep insight into the current and future state of the Nitrobenzene market across various regions. The study comprehensively analyzes the Nitrobenzene market by segmenting based on end-user (construction, agriculture, pharmaceutical & automotive), application (Aniline production, paint solvent, pesticide additive, synthetic rubber manufacturing & other applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
According to Researcher, the global Nitrobenzene market is expected to witness a moderate growth rate during the forecast period. One of the most important applications of nitrobenzene is the production of Aniline. Aniline derivatives such as Methylene diphenyl diisocyanate (MDI) can be used for the manufacturing of various products such as adhesives, automotive interiors, furnishing, consumer goods, etc. The major factors responsible for the growth of the global Nitrobenzene market are the high demand for Aniline which is used for the production of various automotive and construction chemicals.
In terms of end-users, the construction industry is likely to dominate the market due to the rising demand for various MDI products such as adhesives and sealants, elastomers, etc. MDI is also an excellent binder for wood and furniture.
The Asia Pacific region is currently the global leader in the studiedmarket. It is the largest producer and consumer of Nitrobenzene. Due to affordable infrastructure and labor costs, most of the manufacturers have shifted their manufacturing units in this region. China is the global leader in terms of Aniline production. Europe is the second-largest consumer of Nitrobenzene.
The global Nitrobenzene market is highly fragmented. The major players in the global Nitrobenzene market are BASF SE, Covestro AG, Huntsman Corporation, Wanhua Chemical Group Co., Ltd., The Chemours Company, among others.
In July 2020, KBR, Inc. (American engineering, procurement, and construction company) developed a proprietary process for adiabatic nitration of benzene to nitrobenzene (NB). For this technology, KBR has been awarded a contract by Kutch Specialities Pvt Ltd, India. Under the terms of the contract, KBR has to provide basic and detailed engineering design, equipment, and related advisory services to Kutch Specialities Pvt Ltd for its grassroots nitrobenzene project in India.
GlobalNitrobenzene Market report provides deep insight into the current and future state of the Nitrobenzene market across various regions. The study comprehensively analyzes the Nitrobenzene market by segmenting based on end-user (construction, agriculture, pharmaceutical & automotive), application (Aniline production, paint solvent, pesticide additive, synthetic rubber manufacturing & other applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
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BQ-18359888
09-Dec-2020
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09-Dec-2020
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