[Online Quarterly Update]Global nitrobenzene demand is projected to grow at a healthy CAGR of 4.01% during the forecast period. Nitrobenzene is produced by the direct nitration of benzene using a nitric acid/sulphuric acid mixture. Nitrobenzene is a yellowish, oily, aromatic nitro-compound with an almond-like odor that emits toxic fumes of nitrogen oxides upon combustion. Major application for nitrobenzene include aniline which consumes almost 98% of all nitrobenzene. Other application areas include p-aminophenol, dyes and pigments and as a chemical intermediate and solvent which consume almost 2% of the total nitrobenzene. As nearly all nitrobenzene goes for producing aniline, and 87% of aniline is used to produce MDI (4, 4-methylene diphenyl diisocyanate) which is used primarily to make rigid polyurethane foam and polyurethane elastomers. The largest rigid foam application for MDI has been in construction uses, consuming about 60 % of the MDI. Major applications are for board and laminate insulation for both residential and commercial construction. Other major rigid foam outlets are for appliances, packaging, transportation and industrial insulation for tanks and pipes. Therefore, major end use industries for nitrobenzene include construction, appliances, packaging, transportation, industrial insulation etc. Growing demand of MDI based rigid polyurethane foam in construction sector is projected to drive the demand of nitrobenzene during the forecast period. Demand is also set to rise from other end uses such as packaging, transportation, industrial insulation etc.
Owing to the impact of COVID-19, nitrobenzene demand has declined drastically due to nationwide lockdowns and subsequent disruptions in supply chains. Construction sector was one of the most severely hit sectors during the pandemic. However overall good demand growth has been observed in China from the manufacturing sector due to continuation of production activities after the lockdowns.
Region wise, Asia Pacific region holds the major share of global demand for nitrobenzene due to growing demand for commercial and residential construction. Expanding production capacities by major aniline and MDI manufacturing companies in recent years is also a major driver for nitrobenzene production and consumption in the region. In 2018 Wanhua increased its annual aniline production capacity by 180 kilotons, making it one of the largest producers of the chemical worldwide. Increasing population and per capita income in emerging economies is another factor propelling demand growth for nitrobenzene in Asia Pacific.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
Objective of the Study:
•To assess the demand-supply scenario of nitrobenzene which covers production, demand and supply of nitrobenzene market globally.
•To analyse and forecast the market size of nitrobenzene .
•To classify and forecast global nitrobenzene market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global nitrobenzene market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global nitrobenzene market.
•To identify and analyse the profile of leading players involved in the manufacturing of nitrobenzene.
Major players for nitrobenzene globally include BASF SE , Aromsyn Co.,Ltd., Covestro AG, Dow, China Petroleum & Chemical Corporation (Nanjing Chemical Industrial Corporation), Huntsman International LLC, SP Chemicals Holdings Ltd, Sumitomo Chemical Co., Ltd., Wanhua, The Chemours Company (DuPont), Wilbur-Ellis Holdings, Inc. (Connell), and others.
To extract data for global nitrobenzene market, primary research surveys were conducted with nitrobenzene manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global nitrobenzene market over the coming years.
ChemAnalyst calculated nitrobenzene demand globally by analyzing the historical data and demand forecast which was carried out considering imported nitrobenzene, prices, materials used for production of nitrobenzene . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• nitrobenzene manufacturers and other stakeholders
•Organizations, forums and alliances related to nitrobenzene distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as nitrobenzene manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global nitrobenzene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
12.6.4.Brazil Nitrobenzene Demand-Supply Scenario, 2015-2030, By Volume
12.6.4.1.Demand
12.6.4.2.Supply
12.6.4.3.Gap
12.6.5.Brazil Nitrobenzene Demand Outlook, 2015-2030, By Volume
12.6.5.1.By Application
12.6.5.2.By End Use
12.6.5.3.By Sales Channel
12.6.5.4.By Company Share (At least top 3 companies’ market share)
12.6.5.5.By Region
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