Nitrobenzene is an intermediary organic chemical which is pale yellow in color and has almond like odor. It is insoluble in water and is produced on a commercial scale by the nitration of benzene. It is vastly used in the production of aniline and in the manufacturing of numerous derivatives in the agriculture, cosmetics, and other different types of industrial applications where nitrobenzene acts as a precursor. The nitration process involves formation of nitronium ion (NO2+), generated by the reaction between sulfuric acid and nitric acid.
Nitrobenzene Market: Key Players
The research study includes profiles of leading companies operating in the global nitrobenzene market. Key players profiled in the report include: BASF SE, Aromsyn Co., Ltd., Bann Quimica Ltda., Finetech Industry Limited, Chemours Company, Total S.A., The Dow Chemical Company, Yantai Wanhua Polyurethane Co. Ltd., Connell Chemical Industry, and SP Chemicals.
Drivers for the Global Nitrobenzene Market:
Increasing demand for rubber in the automotive industry, development in the construction industry across many core regions, along with the rising demand for fertilizers in the agricultural industry, and urbanization in developing countries are the major factors boosting nitrobenzene market.
Opportunities for the Global Nitrobenzene Market:
Pharmaceutical industry is one of the most rapidly growing markets globally, especially in U.S. and Germany, along with Asia Pacific. Thus, increasing development in pharmaceuticals, dyes, chemical, and pesticide industries are responsible for creating lucrative opportunities in the near future.
Restrains for the Global Nitrobenzene Market:
Strict environment regulations initiated by Government of various countries and the increasing demand for bio-based chemicals can hamper the growth of nitrobenzene market.
Region Wise, Global Nitrobenzene Market Analysis:
North America held maximum share in Nitrobenzene Market due to high demand from automotive, construction, and electronics sectors in regions like US. Additionally, growth of the pharmaceutical industry is driving the market for nitrobenzene in this region. However, Asia Pacific is expected to grow at a higher CAGR in near future due to rapid development in urbanization in countries such as China, India, and Bangladesh.
Global Nitrobenzene Market: Product analysis
- Industrial applications
Global Nitrobenzene Market: Application analysis
- Lubricating oil
- Aniline production
- Synthetic rubber
Global Nitrobenzene Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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