Market Overview:

The Global Chlorobenzene Market is projected to reach USD 3,146.50 by 2025 exhibiting a CAGR of 5.7%. Chlorobenzene is a colourless liquid used as a solvent, degreasing agent, and chemical intermediate. It belongs to the family of organic halogen compounds. Chlorobenzene is used in the manufacturing of organic chemicals, insecticides, pigment, dyes, paints, textiles, and cosmetics.

Get Free Sample Now@ https://www.marketresearchfuture.com/sample_request/8128

The chemical industry across the globe is witnessing healthy growth due to the increase in the demand in the industries such as construction, automotive, and electronics. Industrialization and urbanization in Asia-Pacific supported by low labour cost and economic growth are also favouring the growth of the industry. Thus, the growth of the chemical industry is expected to fuel the demand for chlorobenzene.

Chlorobenzene is significantly used in the production of fertilizers and agrochemicals. The growth of the market is driven by expanding agricultural industry in emerging countries. In addition, the adoption of advanced technologies such as genomics, organic farming, and agricultural biotechnology is further expected to boost the growth of the industry and drive the global chlorobenzene market growth.

Market Segmentation

The global chlorobenzene market has been segmented on the basis of type, application, and region. Monochlorobenzene, o-dichlorobenzene, p-dichlorobenzene, m-dichlorobenzene, tetrachlorobenzene, trichlorobenzenes, hexachlorobenzene, and others are the segments based on type. The monochlorobenzene segment held significant market share in 2017 and is projected to be the dominant segment owing to its increasing application in the chemical and polymer industries. The hexachlorobenzene segment is projected to register a healthy CAGR on account of the growing need to increase the yield of the crops.

The paints, cosmetics, adhesive, textiles, pharmaceuticals, chemical, rubber & polymer, and others are the application segments of the global market. Chemical application segment is expected to grow at remarkable pace owing to high demand for polymers in the automotive industry led by growing adoption of lightweight automobile components across the globe.

Competitive Analysis

Chemieorganics Chemical India Pvt.Ltd
Aarti Industries Limited
China Petroleum & Chemical Corporation
Kureha Corporation
LANXESS
Seya Industries Ltd
Panoli Intermediates India Private Limited
J&K Scientific Ltd
Jiaxing Zhonghua Chemical Co.LTD
Meryer
Chemical Technology Co., Ltd
Regional Analysis

The North America market is expected to register a healthy CAGR during the forecast period owing to the expanding electric vehicles, cosmetics, textile, pharmaceuticals, paints, and adhesive industries. In addition, the increasing demand for cosmetics due to change consumer grooming trends has surged the application of chlorobenzene.

Asia-Pacific is projected to be the fastest-growing market. The governments of developing countries in the region are highly investing in the manufacturing of electric vehicles, where chlorobenzene significant used to enhance the speed and design. The growth of the European chlorobenzene market is driven by its increasing application in the manufacturing of lightweight aircraft components.   

The Middle East & Africa and Latin America are expected to register healthy growth in terms of revenue owing to the high demand for chlorobenzene in polymer, rubber, chemical, and cosmetics industries.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/chlorobenzene-market-8128

About Market Research Future: 

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

Maharashtra, India

+1 646 845 9312

Email: [email protected]