Para Nitrochlorobenzene Market Size, Share And Trends Analysis Report

The global para nitrochlorobenzene market size is projected to reach USD 420.7 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.1% over the forecast period. Dyes emerged as the most dominant application of para nitrochlorobenzene (PNCB) in 2019 in terms of revenue on account of growing textile market, especially in the developing countries of Asia Pacific.

China and India are the leading producers of PNCB. The growth in benzene production in China and Southeast Asia is, thus, anticipated to generate feedstock availability for the manufacturers of chlorobenzene and its derivatives. One of the planned capacity expansions is the expansion of the Petronas refinery in Malaysia, which is expected to grow by an additional 667,000 mt/year. Moreover, in May 2019, PetroChina’s Huabei refinery announced an expansion plan to reach 200,000 b/d from 100,000 b/d. These expansions are anticipated to increase the annual benzene supply, especially in Asia, thus benefitting the entire benzene value chain in terms of raw material availability, price, and constant supply.

The benzene supply is anticipated to directly have a positive influence on the production of nitrobenzene, chlorobenzene, styrene, and phenol. Para nitrochlorobenzene is on the third stage of the benzene value chain. Its production is anticipated to be positively influenced by the growth in chlorobenzene production.

In spite of the positive outlook of PNCB production, the consumption is anticipated to be hindered by the stringent regulations on the chemical. Nitrofen and parathion are the active ingredients used in pesticides that are manufactured from para nitrochlorobenzene. Both these chemicals are banned in certain countries mainly due to their insolubility in water, which causes harm to the aquatic life and increases the soil salinity. Thus, demand for para nitrochlorobenzene in pesticide manufacturing is anticipated to grow at a slow pace over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Para Nitrochlorobenzene Market

Para Nitrochlorobenzene Market Report Highlights

• By application, pesticides led the market with a share of 29.5% in 2019 in terms of volume

• Para nitrochlorobenzene and active ingredients manufactured from the chemical are under high scrutiny of various regulatory bodies, which is anticipated to result in slow growth of the product in the agriculture industry with a revenue-based CAGR of 3.8% from 2020 to 2027

• Tire is the major application of rubber and its production has significantly increased in the emerging Asia Pacific countries, including China and India. The rubber chemicals application segment is therefore expected to expand at the fastest revenue-based CAGR of 4.8% from 2020 to 2027

• By end use, the pharmaceuticals segment accounted for 25.3% share of the overall revenue in 2019 and is expected to be the fastest growing segment based on revenue as well as volume over the forecast period

Para Nitrochlorobenzene Market Segmentation

Grand View Research has segmented the global para nitrochlorobenzene market on the basis of application, end use, and region:

Para Nitrochlorobenzene Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Dyes

• Pesticides

• Rubber Chemicals

• Others

Para Nitrochlorobenzene End-Use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Agriculture

• Pharmaceuticals

• Chemicals

• Others

Para Nitrochlorobenzene Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• North America

o U.S

o Canada

o Mexico

• Europe

o Germany

o U.K.

o Italy

o France

• Asia Pacific

o China

o India

o Japan

o South Korea

• Central & South America

o Brazil

o Argentina

• Middle East & Africa

o Saudi Arabia

o South Africa

Order a free sample PDF of the Para Nitrochlorobenzene Market Intelligence Study, published by Grand View Research.