Chlorobenzene Market Size And Forecast
According to Verified Market Research, Global Chlorobenzene Market was valued at USD 2.01 Billion in 2018 and is projected to reach USD 3.03 Billion by 2026, growing at a CAGR of 5.3 % from 2019 to 2026.
Global Chlorobenzene Market Outlook
Increasing demand for chemical, paint and pesticide manufacturing is driving the growth of the chlorobenzene market. The major use of chlorobenzene is as a raw material for the synthesis of chemicals including triphenylphosphine, phenyl silane, and thiophenol, for the synthesis of solvent for organic synthesis reactions including agricultural adjuvants, paint and ink, methylene-diphenyl diisocyanate, urethane raw material, and cleaning solvent for electronics. Around two-third of chlorobenzene is produced in china followed by Japan, the US, India, and Western Europe. The gradual rise in global demand has resulted in a build-up and expansion of new production capacities in Asia.
However, from past several, there has been a decline in its consumption due to the availability of substitution of alternative chemistry such as phenol, rubber chemicals, and moth control agents. Owing to rising concern about environmental regulations has banned the use of some hazardous pesticides such as DDT which has negatively affected the growth of the market.
Global Chlorobenzene Market Competitive Landscape
The Global Chlorobenzene Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as China Petrochemical Corporation, J&K Scientific Ltd, Meryer (Shanghai) Chemical Technology Co. Ltd., Jiangsu Yangnong Chemicals Group Co., Ltd., Kureha Corporation, Beckmann-Kenko GmbH, Chemada Fine Chemicals, and Applichem GmbH..
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