Nitrobenzene Market by Key Players are DuPont Chemical Solution Enterprise, Huntsman Corporation, Shandong Jinling Chemical Co., Yantai Wanhua Polyurethane Corporation Limited, Bann Quimica Limited, Sumitomo Chemical Corporation Limited
Global Nitrobenzene Market is growing at a moderate rate and is projected to attain CAGR close to 3.5% by 2024.
(EMAILWIRE.COM, August 03, 2018 ) Regionally, Asia pacific is the most competitive Nitrobenzene Market due to growing agriculture industry in China, India, Philippines, Bangladesh and Pakistan. This is due to increasing demand of fertilizer thereby leading to growing market size of the product in Asia Pacific. With considerable amount of growth in construction industry and easy availability of cheap labour and raw material in China, it has captured majority of share in Asian Pacific market.
Global Nitrobenzene Market size is growing at a moderate rate and is projected to attain CAGR close to 3.5% by 2024.
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Nitrobenzene is used to manufacture aniline and serves as a major component in the production of various chemicals and derivatives utilized in construction, cosmetic, pharmaceuticals, automotive, agriculture and other industrial applications. It is utilized in manufacturing insulators used in construction industry It is also applicable in the production of synthetic rubber, pesticides, and lubrication oil. For example, Automotive industry is a competitive market and is growing significantly thereby increasing synthetic rubber demand.
It is likely to have a positive impact on the product market across globe. Growing construction industry is another key factor driving the product demand. Rapid urbanization in growing countries such as India and China is a key factor in the growth of construction industry henceforth boosting the product demand globally. With ever-growing agriculture industry, there is rise in fertilizer demand and henceforth increasing the production of nitrobenzene across globe.
Increasing production of pharmaceuticals, dyes, pesticides and chemical industry has also added to the growing market size of product in Asia Pacific. With development of construction and automotive industry in Mexico, it is likely to increase the demand of rubber derivatives henceforth having a positive impact on nitrobenzene market. There is a vast manufacturing base of nitric acid in US which will accommodate the product manufacturers in the vicinity.
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The key global players of nitrobenzene market include BASF SE, Bayer AG, DuPont Chemical Solution Enterprise, Huntsman Corporation, Shandong Jinling Chemical Co., Yantai Wanhua Polyurethane Corporation Limited, Bann Quimica Limited, Sumitomo Chemical Corporation Limited, BP PLC (U.S), Exxonmobil Corporation, China National Petroleum Corporation (CNPC) , The Dow Chemical Company, JX Nippon Oil And Energy Group, SABIC, Royal Dutch Shell PLC, Tianjin Elong Corporation Limited, Yantai Wanhua Polyurethane Corporation Limited, and Chevron Phillips Chemical. The market is consolidated with most players operating in Asia Pacific region mainly China.
The chemical manufacturers are focussing on shifting to production of bio-based chemicals to reduce greenhouse gas emission due to volatile organic compounds which are hazardous to environment. This is a probable threat to the nitrobenzene market during the forecast period.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Global Nitrobenzene Market size is growing at a moderate rate and is projected to attain CAGR close to 3.5% by 2024.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1255
Nitrobenzene is used to manufacture aniline and serves as a major component in the production of various chemicals and derivatives utilized in construction, cosmetic, pharmaceuticals, automotive, agriculture and other industrial applications. It is utilized in manufacturing insulators used in construction industry It is also applicable in the production of synthetic rubber, pesticides, and lubrication oil. For example, Automotive industry is a competitive market and is growing significantly thereby increasing synthetic rubber demand.
It is likely to have a positive impact on the product market across globe. Growing construction industry is another key factor driving the product demand. Rapid urbanization in growing countries such as India and China is a key factor in the growth of construction industry henceforth boosting the product demand globally. With ever-growing agriculture industry, there is rise in fertilizer demand and henceforth increasing the production of nitrobenzene across globe.
Increasing production of pharmaceuticals, dyes, pesticides and chemical industry has also added to the growing market size of product in Asia Pacific. With development of construction and automotive industry in Mexico, it is likely to increase the demand of rubber derivatives henceforth having a positive impact on nitrobenzene market. There is a vast manufacturing base of nitric acid in US which will accommodate the product manufacturers in the vicinity.
Request for customization of this report @
https://www.gminsights.com/roc/1255
The key global players of nitrobenzene market include BASF SE, Bayer AG, DuPont Chemical Solution Enterprise, Huntsman Corporation, Shandong Jinling Chemical Co., Yantai Wanhua Polyurethane Corporation Limited, Bann Quimica Limited, Sumitomo Chemical Corporation Limited, BP PLC (U.S), Exxonmobil Corporation, China National Petroleum Corporation (CNPC) , The Dow Chemical Company, JX Nippon Oil And Energy Group, SABIC, Royal Dutch Shell PLC, Tianjin Elong Corporation Limited, Yantai Wanhua Polyurethane Corporation Limited, and Chevron Phillips Chemical. The market is consolidated with most players operating in Asia Pacific region mainly China.
The chemical manufacturers are focussing on shifting to production of bio-based chemicals to reduce greenhouse gas emission due to volatile organic compounds which are hazardous to environment. This is a probable threat to the nitrobenzene market during the forecast period.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results