Global Chlorobenzene Market size is expected to reach $2,942 Million by 2024 from $1,870 Million in 2016; growing at a CAGR of 5.8% from 2016 to 2024. By geography, Asia-Pacific and Rest of the World are expected to grow at a CAGR of 6.2% and 5.6%, respectively, during the forecast period. In terms of volume the market is projected to reach 2,201 Kilo tons by 2024, at a CAGR of 4.2% from 2016 – 2024.
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High volatility of the compound would act as an opportunity for the chlorobenzene market
The global chlorobenzene market trends are growing demand for chlorobenzene in chemical industry, and increasing use as deodorants. Though, presence of safer alternatives, and environmental problems related with the use of these products as herbicides and pesticides may hamper the market growth. Moreover, high volatility of the compound provides several prospects for its usage as an intermediate in various other reactions.
Market Segmentation
The global chlorobenzene market has been classified into type, application, and geography. Type segment comprises paradichlorobenzene, monochlorobenzene, orthodichlorobenzene, and other types. Application segment includes nitro chlorobenzene, polysulfone polymers, chlorobenzene solvents, polyphenylene sulfide resin, room deodorants, moth control, and other applications. Based on geography, the global chlorobenzene market is bifurcated into North America, Europe, Asia-Pacific and Rest of the World (RoW).
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Monochlorobenzene accounted the largest market share in 2016 in type segment
Monochlorobenzene dominated the type segment with the largest market share in 2016, and expected to remain the largest over the forecast period i.e. 2016 – 2024. Its wide application in dyeing and pharmaceutical industry for the manufacture of organic intermediates will drive the monochlorobenzene market.
Asia-Pacific accounted the highest revenue in the global chlorobenzene market
Asia-Pacific held the largest market share of 77.4% in 2016 and is expected to remain the leading region over the forecast period 2016 – 2024. High demand for chlorobenzene in the countries such as Nepal, India, Singapore, South Korea, China, and Japan will drive the market. Also, APAC region have a rising demand for personal care products, pharmaceuticals, chemicals, hence resulting in high consumption of chlorobenzene.
Competitive Landscape
The key players operating in the global chlorobenzene market are Cambridge Isotope Laboratories, Inc., Beckmann-Kenko GmbH, Alfa Chemistry, Gl Sciences Inc., Meryer (Shanghai) Chemical Technology Co. Ltd., Chemada, Hindustan Organics Chemicals Limited, Fluorochem Ltd., Wako Pure Chemical Industries, Ltd., and Hbcchem, Inc., among others.
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Scope of the Global Chlorobenzene Market
Type Segments
• Monochlorobenzene
• Orthodichlorobenzene
• Paradichlorobenzene
• Other Types
Application Segments
• Nitro chlorobenzene
• Polysulfone Polymers
• Solvents
• Polyphenylene Sulfide Resin
• Room Deodorants
• Moth Control
• Other Applications
Geographical Segments
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
• Asia-Pacific
o India
o China
o Japan
o Rest of Asia-Pacific
• RoW
o South America
o Middle East
o Africa
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