Nitrobenzene Market Report 2026

The nitrobenzene market size has grown strongly in recent years. It will grow from $11.51 billion in 2025 to $12.4 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growth in aniline based chemical production, expansion of agrochemical manufacturing, rising demand for synthetic rubber, increased use in industrial solvents, established downstream chemical processing capacity.

The nitrobenzene market size is expected to see strong growth in the next few years. It will grow to $16.39 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to rising pharmaceutical manufacturing output, increasing demand for specialty chemicals, growth in electric vehicle component materials, advancements in chemical purification processes, expanding construction and coatings industries. Major trends in the forecast period include increasing demand for aniline production intermediates, rising use of nitrobenzene in pharmaceutical manufacturing, growing consumption in synthetic rubber processing, expansion of nitrobenzene applications in paint and coating solvents, higher focus on high purity and specialty grade nitrobenzene.

The increasing demand in construction industry is expected to propel the growth of the nitrobenzene market going forward. Construction industry refers to the process of planning, designing, assembling, and building physical structures, facilities, or infrastructure. Nitrobenzene is used in the construction industry as a plasticizer in concrete admixtures to improve the workability of concrete, making it easier to pour and mold in large construction projects. For instance, in February 2024, according to Eurostat, a Luxembourg-based government agency, in December 2023, building construction rose by 1.3% compared to December 2022, while civil engineering saw a 4.7% increase. These figures reflect growth in both sectors over the year. Therefore, the increasing demand in construction industry is driving the growth of the nitrobenzene market.

The increasing demand for agrochemicals is expected to propel the growth of the nitrobenzene market going forward. An agrochemical is any substance used to eradicate, deter, or restrain specific plant or animal life forms regarded as pests. Nitrobenzene is utilized as a plant growth supplement in agriculture because it enhances flowering and reduces flower loss. It is a mixture of nitrogen and plant growth regulators that functions as a plant energizer, blooming stimulant, and yield enhancer. For instance, in August 2024, according to a report published by the Office for National Statistics, a UK-based government agency, in June 2024, exports to non-EU countries rose by $1.15 billion (5.7%), driven by a $1.15 billion increase in chemical exports, primarily due to higher shipments of inorganic chemicals, medicinal and pharmaceutical products, and organic chemicals to the United States. Therefore, the increasing demand for agrochemicals is driving the growth of the nitrobenzene market.

Major companies operating in the nitrobenzene market are focused on adopting strategic investments to gain a competitive edge in the market. Strategic investments are those made with the primary goal of advancing an organization's overall long-term goals and objectives, rather than solely focusing on maximizing financial returns. For instance, in July 2023, Wanhua-BorsodChem, a Hungary-based chemical raw material manufacturing company, inaugurated Site IV and production units. The inaugurated Site IV and production units contain nitrobenzene and aniline production units, which enable the production of key raw materials for BorsodChem's flagship products, such as methylene diphenyl diisocyanate (MDI), which is used in the construction industry for adhesives and elastomers. The product facilities promote environmental footprints and adhere to the principles of Best Available Technology (BAT), which emphasizes the use of modern advances in science and technology.

Major companies operating in the nitrobenzene market are Sumitomo Chemical Co., Ltd., China Petrochemical Corporation (Sinopec Group), Sinopec Nanjing Chemical Industrial Corporation, Mitsui Chemicals Inc., BASF SE, Dow Inc., Bayer MaterialScience AG, Mitsubishi Chemical Corporation, Wanhua Chemical Group Co., Ltd., Covestro AG, Toray Industries Inc., Kureha Corporation, Huntsman International LLC, UBE Industries Ltd., Aarti Industries Ltd., Chemplast Sanmar Limited, Atul Ltd., Sadhana Nitro Chem Ltd., SP Chemicals Pte. Ltd., Aromsyn Co. Ltd., Bann Quimica Ltd., Shandong Jinling Chemical Co., Chemieorganics Chemical India Pvt. Ltd., Jilin Economic and Technology Development Zone General Co. Ltd., Finetech Industry Limited.

Asia-Pacific was the largest region in the nitrobenzene market in 2025, and is expected to be the fastest-growing region in the forecast period. The regions covered in the nitrobenzene market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the nitrobenzene market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The nitrobenzene market consists of sales of azoxybenzene, azobenzene, nitrosobenzene, hydrazobenzene, and phenylhydroxylamine. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.