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.
Agrochemicals have
played a vital role in improving agricultural productivity, necessitated by
growing population base and the resultant demand for reliable food sufficiency
across the globe. Increasing quality standards and requirements for higher
yields have resulted in a rise in the demand for agrochemicals. However, the
toxic nature of the chemicals has raised an issue for the usage of this
chemical in future and agrochemical manufacturers are looking for substitutes
for the component. In addition, these chemicals are banned in several
countries, including the EU, China, India, and Vietnam. These factors are,
thus, anticipated to result in slow growth of para nitrochlorobenzene
consumption in agriculture as compared to other end uses.
Pesticides and dyes were
the major application areas of para nitrochlorobenzene in North America as of
2019. The market saturation within the dye and pesticide sectors is the major
reason behind the sluggish growth of the regional market. However, the
manufacturing of chemical intermediates and rubber chemicals is expected to
grow rapidly in the region owing to rising demand from the end-use industries.
Major manufacturers of
para nitrochlorobenzene have completely integrated their operations across the
value chain as this reduces the raw material procurement costs and time. These
companies also have a significant amount of captive consumption to produce
other benzene derivatives, such as 2,4-dinitrochlorobenzene and
3,4-dichloronitrobenzene. For instance, Seya Industries, a leading manufacturer
of para nitrochlorobenzene, has a captive consumption of around 49%.
For full research report on Para
Nitrochlorobenzene Market visit here: https://www.grandviewresearch.com/industry-analysis/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
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/para-nitrochlorobenzene-market/request/rs1
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
- U.S
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
List of Key Players of Para
Nitrochlorobenzene Market
- Aarti Industries Limited
- Hefei TNJ Chemical Industry Co., Ltd.
- Seya Industries Ltd.
- Panoli Intermediates India Private Limited
- Chemdyes Corporation
- Sarna Chemicals
- Hefei TNJ Chemical Industry Co., Ltd.
- Hangzhou Meite Industry Co., Limited
- Charkit Chemical Company LLC
- Jiangsu Yangnong Chemical Group Co., Ltd.
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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