Nitrobenzene and its derivatives are most commonly used in agriculture, construction, pharmaceuticals, cosmetics and automotive industry. Nitrobenzene is the basic raw material for aniline, which in-turn is used to produce MDI, which is a major compound in the production of polyurethane foam that is used in construction and other industries.
The market is mainly driven by an increase in urbanization in developing economies like India, China, etc., leading to the growth of the construction industry. Also, the growth of the agriculture industry leads to more demand for fertilizers, which in-turn results in a higher demand for nitrobenzene. The readily available raw material and cheap labor in China will help the nitrobenzene market growth in the region. However, the growing demand for bio-based chemicals and strict environment regulations can adversely affect the market.
The market can be segmented by application into aniline production, pesticides, synthetic rubber and lubricating oil, with aniline production being the major application. In 2015, about 98% of nitrobenzene was used for that purpose.
The market has also been geographically segmented into APAC, North America, Europe, South America, and MEA. As of 2016, Asia-Pacific has the largest share in the global nitrobenzene market, which is expected to grow the fastest during the forecast period. This is followed by the North American countries like the USA and Mexico.
Opportunities and Market Players
The focus on infrastructure growth in India is one of the major factors that can boost the nitrobenzene market in future.
Some of the major companies dominating this market for nitrobenzene production and uses are -
Market analysis for the global nitrobenzene market, with region-specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global nitrobenzene market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
1.2 Research Methodology
1.3 Market Definition
2. Executive Summary
3. Market Insights
3.1 Market Overview
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness - Porter's Five Forces Model
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products
3.3.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing Construction Industry
4.1.2 Growing Agriculture Industry in Developing Counties
4.1.3 Availability of Raw Materials and Cheap Labor in Developing Countries
4.2.1 Increase in Demand for Bio-Based Chemicals
4.3.1 Infrastructure Development in India
5. Market Segmentation and Analysis
5.1 By Application
5.1.1 Aniline Production
5.1.2 Manufacture of Pesticides
5.1.3 Manufacture of Synthetic Rubber
5.1.4 Paint Solvent
5.2 By End-User Industry
6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1.4 South Korea
6.1.5 Australia & New Zealand
6.1.6 ASEAN Countries
6.1.7 Rest of APAC
6.2.6 Rest of Europe
6.3 North America
6.3.4 Rest of North America
6.4 South America
6.4.3 Rest of South America
6.5 Middle East and Africa
6.5.1 South Africa
6.5.3 Rest of MEA
7. Competitive Landscape
7.1 Mergers & Acquisitions
7.2 Joint Ventures Collaborations and Agreements
7.3 Market Share Analysis
7.4 Strategies Adopted by Leading Players
8. Company Profiles
8.1 Aromsyn Co., Ltd
8.2 Bann Quimica Ltd.
8.3 BASF SE
8.4 China National Petroleum Corporation
8.5 Exxon Mobil Corporation
8.6 Finetech Industry Limited
8.7 Huntsman Corporation
8.8 Shandong Jinling Chemical Co.
8.9 The Chemours Company
8.10 The Dow Chemical Company
8.11 Tianjin Elong Co., Ltd.
8.12 Total S.A.
8.13 Yantai Wanhua Polyurethane Co. Ltd.