Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
It is worth noting that trends in the chlorobenzene market over time reflect changes taking place within the chemical industry. Chlorobenzene is a key chemical intermediate used in making diverse chemicals and materials. One major trend has been an increase in demand for chlorobenzene used in manufacturing of insecticides which has seen an increasing need for better crop protection solutions given the evolving nature of agriculture among other demands for agrochemicals based on chlorobenzenes.
Moreover, manufacturers are looking to replace chlorobenzenes with less environmentally damaging substitute chemicals. This has caused firms to invest heavily in research and development aimed at producing alternative products with lower environmental impact than those made using chlorine benzene. Other chemical companies are considering a move away from chlorine containing solvents such as chloro benzene as they seek sustainable alternatives.
The geographical distribution of production capacities and consumption patterns is another vital trend in this field. Traditional manufacturing bases located in developed parts of the world face competition from new locations having cheap labour force among other requirements necessary for setting up industries. Companies like India and China have become dominant players when it comes to matters related to production or sales volumes pertaining to chlorine derivatives. One reason behind this shift is due to cheaper costs associated with production coupled with supportive regulation and growing industrial base in these countries.
Additionally, the market has witnessed a rise in collaborations and partnerships among key industry players. The complexity of chemical processes and applications necessitates the working together of corporations to take advantage of each other’s strength. Alliances enable improved research and development (R&D) capabilities, streamlined supply chains, as well as enhanced market access
Moreover, technological advancements are reshaping the chlorobenzene market landscape. Innovations in production processes like adoption of environmentally friendly synthesis methods have become a topic of interest. This not only solves environmental worries but also contributes towards cost reduction thereby aligning with sustainability goals in this industry.
There is an increasing awareness of product safety and quality at the consumer level too. For instance; end-users demand for high purity chlorobenzene especially from pharmaceutical industries and electronic sectors that must meet strict quality standards. Consequently, producers are heavily investing in purification technologies as well as enhancing their quality control measures to ensure they serve their customers better.
Chlorobenzene Market Highlights:
Global Chlorobenzene Market Overview
The Global Chlorobenzene Market is expected to be valued at USD 3,146.50 million and projected to register 5.7% CAGR during the forecast period. Chlorobenzene is primarily used as a chemical intermediate as well as a solvent and degreasing agent. It is an aromatic chemical compound which belongs to the family of organic halogen compounds, class of synthetic and natural chemicals that comprises of one or more halogens such as chlorine, fluorine, bromine, or iodine combined with carbon elements.
In cosmetic products, chlorobenzene dissolves with other substances and is an organic chemical which is positively influencing its application in natural-based beauty products. The growing beauty and personal care markets in Asia-Pacific and the Middle East & Africa is expected to create significant demand for natural beauty products. The ASEAN Cosmetics Association, Inc (ACA), reported that China accounted for nearly 37% of revenue generated in the Asia-Pacific cosmetics & personal care ingredients market by 2017 and is estimated to exhibit a significant CAGR of around 6.55% over the assessment period due to the various factors such as rapid urbanization, rise in per capita disposable income, and changing lifestyles.
Chlorobenzene is used as a solvent for manufacturing rubber, adhesive, and paints. Rubber is used in the manufacturing of many industrial and consumer products such as gloves, tires, hoses, belts, and cables. Thus, the rising demand for rubber in the manufacturing of tires, cosmetics, and medical applications is expected to drive the chlorobenzene industry.
The growing geriatric population across the globe is expected to increase the adoption of cosmetic and skincare products, which in turn is likely to raise the demand for cosmetics & personal care products across the globe. The increasing number of skin diseases and growing consumer awareness regarding healthcare is estimated to augment the demand for personal care and cosmetic ingredients. Thus, the growth of the cosmetic industry in the developing regions is estimated to offer lucrative opportunities for the producers of chlorobenzene as an organic chemical solvent.
Key Players
Some of the prominent players in the global chlorobenzene market are Aarti Industries Limited (India), Chemieorganics Chemical India Pvt. Ltd (India), China Petroleum & Chemical Corporation (China), LANXESS (Germany), Kureha Corporation (Japan), Seya Industries Ltd (India), Panoli Intermediates India Private Limited (India), J&K Scientific Ltd (India)., Jiaxing Zhonghua Chemical Co.LTD (China), and Meryer (Shanghai) Chemical Technology Co., Ltd (China), among others
Global Chlorobenzene Market Share, by Application, 2018 (%) 
Source: MRFR Analysis
Regional Analysis
Asia-Pacific is expected to be the fastest-growing regional market owing to the high demand for cosmetics, textiles, chemical, and polymer products in countries such as China, South Korea, India, and Japan. In addition, the region is witnessing exponential growth in the manufacturing and construction industries on account of economic development, which is likely to propel the demand for chlorobenzene in various applications. The North America market is witnessing high demand for chemical-based products, which is expected to boost the demand for chlorobenzene in the region. In the US, the use of chlorobenzene as a medical intermediary in the pharmaceutical industry is growing due to the rise the prevalence of chronic diseases.
The growth of the European market is primarily driven by the growing preference for polymers over metals in the automotive and aerospace industries. Moreover, the high demand for chlorobenzene as an intermediate for producing pharmaceuticals is projected to boost the regional market growth during the review period. According to PlasticsEurope, one of the leading European trade associations, global polymer production increased from 322 million tons in 2015 to 335 million tons in 2016. Further, polymer production in Europe increased from 63.93 million tons in 2015 to 70.54 million tons in 2017. The rise in the demand for polymers in numerous applications such as packaging, building and construction, electronic appliances, and automobile parts is also the major factor driving the growth of the European market during the forecast period.
Market Segmentation
The global chlorobenzene market has been segmented on the basis of type, application, and region. Based on type, the global chlorobenzene market has been segregated into monochlorobenzene, o-dichlorobenzene, p-dichlorobenzene, dichlorobenzene, tetrachlorobenzenes, trichlorobenzenes, hexachlorobenzene, and others. The monochlorobenzene segment is expected to register healthy growth owing to its increasing use in polymer production. By application, the global market has been divided into rubber & polymer, cosmetics, textiles, pharmaceuticals, chemical, and others. The chemical segment is estimated to be the fastest-growing segment due to the increasing adoption of chlorobenzene in the production of agrochemicals.
Intended Audience
- Chlorobenzene manufacturers
- Traders and distributors of chlorobenzene
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
