Global nitrotoluene demand is projected to grow at a healthy CAGR of 3.02% during the forecast period. Nitrotoluenes are produced by the direct nitration of toluene using concentrated nitric acid and sulphuric acid mixture. Nitrotoluene has three structural isomers which are ortho nitrotoluene, meta nitrotoluene and para nitrotoluene. O-nitrotoluene and m-nitrotoluene are yellow liquids whereas p-nitrotoluene appears as yellow crystals. Major end uses for the three structural isomers are agricultural chemical intermediates, dyestuffs, paints, pharmaceuticals, and plastic foams for o-nitrotoluene, dyestuff intermediates, and photographic developer intermediates for m-nitrotoluene and intermediates for paints, dyestuffs, and pharmaceuticals for p-nitrotoluene. Out of the three structural isomers, the p-nitrotoluene holds the major share of global demand for nitrotoluenes. Around 60% demand comes from p-nitrotoluene. Rise in the use of nitrotoluenes in the manufacture of dyestuffs which find application in the growing paints and coatings industry is expected to drive the demand of nitrotoluenes during the forecast period. Moreover, upcoming new technologies such as selective nitration for producing the desired isomer is expected to support further demand rise. However, the increasing demand for green chemicals for dyes and other chemical intermediates is expected to hinder the demand growth during the forecast period.
Owing to the impact of COVID-19, nitrotoluene demand has declined drastically due to nationwide lockdowns and subsequent disruptions in supply chains. 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 nitrotoluene due to growing demand for commercial and residential construction which has huge application of paints and coatings. Expanding production capacities by major nitrotoluene companies in recent years is also a major driver for nitrotoluene production and consumption in the region. In 2018 Aarti industries increased its annual nitrotoluene production capacity by 30 kilotons, making it one of the largest producers of the chemical in India. Increasing population and per capita income in emerging economies is another factor propelling demand growth for nitrotoluene 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 nitrotoluene which covers production, demand and supply of nitrotoluene market globally.
•To analyse and forecast the market size of nitrotoluene .
•To classify and forecast global nitrotoluene market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global nitrotoluene market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global nitrotoluene market.
•To identify and analyse the profile of leading players involved in the manufacturing of nitrotoluene.
Major players for nitrotoluene globally include Aarti Industries Limited, LANXESS, Panoli Intermediates India Private Limited, EMCO Dyestuff, R K Synthesis Limited, Shree Chemopharma Ankleshwar Pvt Ltd., Huaian Jiacheng Hi-tech Chemical Industry Co., Ltd., Jiangsu First Chemical Manufacture Co., Ltd., Jiangsu Huaihe Chemicals Co., Ltd. (ChemChina), Deepak Nitrite Limited, and others.
To extract data for global nitrotoluene market, primary research surveys were conducted with nitrotoluene 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 nitrotoluene market over the coming years.
ChemAnalyst calculated nitrotoluene demand globally by analyzing the historical data and demand forecast which was carried out considering imported nitrotoluene, prices, materials used for production of nitrotoluene . 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:
• nitrotoluene manufacturers and other stakeholders
•Organizations, forums and alliances related to nitrotoluene 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 nitrotoluene 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.
In this report, global nitrotoluene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by End Use
O-Nitrotoluene- Intermediates for agriculture chemicals, dyestuffs, paints, pharmaceuticals & plastic foams
M-Nitrotoluene- Intermediates for dyestuffs and photographic developers
P-Nitrotoluene- Intermediates for Plastic foams, dyestuffs, paints & pharmaceuticals.
Market, by Type
O-Nitrotoluene, P-Nitrotoluene, and M-Nitrotoluene.
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
Market, by Region
North America, APAC, Europe, MEA, South America
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