Chlorobenzene Market Report 2019 Foresees the Market to reach USD 3 BN by 2026
Posted On September 03, 2020
The report by Value Market Research on the Global Chlorobenzene Market anticipates the market growth to reach CAGR of 4.8% during 2020-2026. The market was valued close to USD 2.1 BN in 2019 and is expected to reach USD 3 BN by 2026. Chlorobenzene, also referred to as chlorobenzol, is an aromatic liquid with the smell of almond. It is widely used as a solvent and an intermediate in the manufacture of chemicals. The most common application of this flammable chemical is in the manufacture of pesticide DDT. It is used as an intermediate in the production of herbicides, deodorizers, rubber, and dyes. This water-insoluble volatile liquid finds its use as a high-boiling solvent in producing drugs, paints, adhesives, paint removers, and polishes. This chemical is also an essential candidate used in manufacturing polyurethane insulation in the construction sector. It is also used to degrease automobile parts. There are many different variations of chlorobenzene available in the market.
The increased demand to produce new chemicals and compounds is the leading market driver for chlorobenzene. The expanding base for end-user industries like dyes, paints, polishes, and deodorizers will further propel this market's growth. The rapid spread of healthy eating habits and preference for a plant-based diet will enhance this chemical's development, an intermediate in herbicides manufacturing. The demand for different chlorobenzene types will see a surge in the flourishing healthcare, automotive, and construction industries. The foremost restraining factors associated with chlorobenzene use are environmental concerns and the side effects in humans due to high-level exposure to the chemical like damage to kidneys, liver, and the nervous system.
The report “Global Chlorobenzene Market Report By Function (Solvent, Degreasing Agent, Chemical Intermediate), By Type (Monochlorobenzene,Para-Dichlorobenzene, Ortho-Dichlorobenzene, M-Dichlorobenzene, Tetrachlorobenzene, Trichlorobenzene, Hexachlorobenzene, Others), By Grade (Agrochemical Grade, Industrial Grade, Pharmaceutical Grade), By Form (Free Flowing, White Flake, Clear Colorless Liquid), And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" covers the market introduction, key market statistics followed by in-depth regional revenue/or volume analysis. The report analyses the trends of the past years along with deeply studying the geo-political trends, thus authenticating the findings of the research and making it more reliable.
On the basis of Function the market is segmented into Solvent, Degreasing Agent, Chemical Intermediate. By Type the chlorobenzene market is categorised as Monochlorobenzene, Para-Dichlorobenzene, Ortho-Dichlorobenzene, m-Dichlorobenzene, Tetrachlorobenzene, Trichlorobenzene, Hexachlorobenzene, Others.By Grade the chlorobenzene market is categorised as Agrochemical grade, Industrial grade, Pharmaceutical grade. Based on Form the chlorobenzene market is segmented as Free Flowing, White Flake, Clear Colorless Liquid. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are the regions covered in the report. This geographical section of the report highlights the share of the revenue/volume spread globally.
The Report Segments Global Chlorobenzene Market -
- Degreasing Agent
- Chemical Intermediate
- Agrochemical Grade
- Industrial Grade
- Pharmaceutical Grade
- Free Flowing, White Flake
- Clear Colorless Liquid
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Lanxess, Kureha Corporation, Kutch Chemical Industries Ltd, Anhui Bayi Chemical Industry and Tianjin Bohai Chemical Industries.
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