Global Chlorobenzene Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022
Chlorobenzene is highly flammable, colorless and aromatic compound with the chemical formula of C6H5Cl. It is manufactured by chlorination of benzene in presence of lewis acids which acts as a catalyst. The demand for global chlorobenzene market has increased with its increasing applications in chemical industries, which is a major driver of the global chlorobenzene market.
Production of chlorobenzene leads to formation of 12 products, but with the advent of technology and industrial applications, the majority of the large scale production of chlorobenzene has been decreased to three primary products namely o-dichlorobenzene, p-dichlorobenzene and monochlorobenzene. The global chlorobenzene market is segmented on the basis of product type and applications. Monochlorobenzene dominates the global chlorobenzene market and has a market share of approximately of 60%. The main factors responsible for this is the wide application area of its by product such as in the production of pesticides, dyes, rubber processing chemicals, pharmaceuticals and pigment intermediates etc. P-dichlorobenzene is also growing at a rapid rate owing to its increased use as a raw material for polyphenylene sulfide (PPS). In the application segment, personal care has shown the highest growth rate due to this usage in perfumes and deodorants. Chemical industries are the major consumer and end users of it globally. Increasing usage of it in the chemical industries for the development of chemicals like pesticides, herbicides, dyes, solvents, oils, engine cleaners etc. and the growth of personal care industry in emerging economies are the major drivers of the global chlorobenzene market. However, few factors which are restraining the growth of this market are the increased preference for environmentally friendly products, increased availability of various alternatives and substitutes, and the growing imposition of the government regulations for use of herbicides and pesticides.
Globally, the biggest market for global chlorobenzene market is Asia Pacific. In APAC, China has majority of global share of around 60%. High growth is due to the presence of wide customer base in the region and the large number of end user industries in countries like India and China which are the major reasons for this market share. In addition to it, significant shift in global demand away from developed regions has resulted into buildup of new chlorobenzene capacity in Asia. Also, there has been growth in the North American region due to the increased production of polyphenylene sulphide in the region. The key players includes are Alfa Chemistry, Beckmann-Kenko GmbH, Cambridge Isotope Laboratories, Chemada , Diaz Intermediates Corporation, Energy Chemical, Fluorochem Ltd, GL Sciences, Goodwill Group, HBCChemical, Hindustan Organics Chemicals Ltd, J & K Scientific, Jiangsu Yangnong Chemical Group Co, Ltd , Kokusan Chemical, Kureha Chemical Industry Co, Ltd, Meryer (Shanghai) Chemical Technology, Nippon Light Metal Company, Ltd, Panreac Quimica Sa, PPG Industries, Inc., Scientific Corporation, Singpu Chemicals, Ltd, Santa Cruz Biotechnology Inc., Solutia Inc., Tianjin Chemical Reagent CoInc., and Wako Pure Chemical Industries. The leading players in the global CNS bio marker market have adopted partnership/collaboration, mergers and expansion as the most preferred strategies to increase their product portfolio and expand their respective market presence.
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