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Para Nitrochlorobenzene Market Future Opportunity, Segments Analysis, Current Challenges, Geographical Regions, Key Players & Forecast To 2027: Grand View Research, Inc.

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Para Nitrochlorobenzene Market Future Opportunity, Segments Analysis, Current Challenges, Geographical Regions, Key Players & Forecast To 2027: Grand View Research, Inc.

November 10
15:04 2021
Para Nitrochlorobenzene Market Future Opportunity, Segments Analysis, Current Challenges, Geographical Regions, Key Players & Forecast To 2027: Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the market is mainly driven by the consumption of para nitrochlorobenzene (PNCB) for the production of generic medicine. Para nitrochlorobenzene is one of the primary raw materials used for the manufacturing of paracetamol, which is the most common generic medicine globally.

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%.

 

Browse full report with Table of Content @ 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

 

For Requesting a Sample Copy of This Report, Please Visit @ 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.

 

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/450348/ibb

 

About Grand View Research

 

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.

Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.

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Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
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Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/para-nitrochlorobenzene-market

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