Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3,056.89 Million | USD 5,002.31 Million | 6.35% | 2022 |
The global Chlorobenzenes Market size was worth around USD 3,056.89 Million in 2022 and is predicted to grow to around USD 5,002.31 Million by 2030 with a compound annual growth rate (CAGR) of roughly 6.35% between 2023 and 2030.
Chlorobenzene has the chemical formula C6H5Cl. The chlorobenzene is a flammable liquid that has no color and it is mainly used as a solvent in the manufacturing of the other chemicals. The chlorobenzene compound acts as an intermediate in the manufacture and the synthesis of the various other chemicals which includes pesticides. Chlorobenzene is obtained by the benzene chlorination with the help of the catalyst acids such as anhydrous aluminum chloride, ferric chloride, and sulfur dichloride. From this process of chlorination of the benzene 12 different chlorobenzenes can be produced. But due to technology and other reasons the production of the chlorobenzene has decreased to primary three products such as p-dichlorobenzene, monochlorobenzene, and o-dichlorobenzene. The other chlorobenzenes which are not manufactured include m-dichlorobenzene, trichlorobenzenes, tetrachlorobenzenes, and hexachlorobenzene.
The global market for the chlorobenzenes is fragmented into its type and application. On the basis of the type, the global market is segregated into p-dichlorobenzene, m-dichlorobenzene, trichlorobenzenes, o-dichlorobenzene, hexachlorobenzene, monochlorobenzene, tetrachlorobenzenes, and others. On the basis of application, the market is categorized into personal care industry, paint and coatings industry, chemical industry, and others.
The major factor that is driving the chlorobenzene market is the increasing demand for the chlorobenzenes in the chemical industry for the production of various chemicals. In the personal care industry, it is highly used in the deodorants thus increasing its demand which anticipates contributing to the market growth. The use of the chlorobenzenes will decline subsequently owing to its harmful effects on the environment. The chlorobenzenes are used as pesticides, herbicides, and solvents and it leads to environmental problems thus reducing its usage. The market for the chlorobenzenes excluding the high-performance polymers are reducing due to the availability of the substitutes.
Depending on the geographical regions, the global market for the chlorobenzenes is diversified into the Middle East and Africa, Asia Pacific, North America, Eastern Europe, Latin America, and Western Europe. The region that is dominating the chlorobenzene market is Asia Pacific region. The major factor that contributes to this dominance is the emerging nation China is the largest consumer of chlorobenzene. More than half the consumption of the global chlorobenzene market is by China. The market in the Asia Pacific region is developing at a fast pace owing to the presence of the large number of end-use industries in the developing nations such as India and China. The other nation that has a good rate of consumption of the chlorobenzenes is Japan. North America and the Western Europe also consume chlorobenzenes on a wide range for the making of the chemicals.
Report Attributes | Report Details |
---|---|
Report Name | Chlorobenzenes Market Size Report |
Market Size in 2022 | USD 3,056.89 Million |
Market Forecast in 2030 | USD 5,002.31 million |
Growth Rate | CAGR of 6.35% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Henan Kaipu Chemical Co., Ltd., Kureha Corporation, Jinhua Chemical (Group) Corporation, Tianjin Bohai Chemical Co. Ltd., Arkema SA, Bayer AG, PPG Industries, Inc., and Nanjing Chemical Industry Co. Ltd., Solutia, Inc. |
Segments Covered | By Type, By Application and By region. |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The key market players that are involved in the chlorobenzenes market include -
By Type:
By Application:
FrequentlyAsked Questions
Chlorobenzenes Market size was worth around USD 3,056.89 Million in 2022 and is predicted to grow to around USD 5,002.31 Million by 2030
(CAGR) of roughly 6.35% between 2023 and 2030.
The largest share of the Chlorobenzenes Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.
Henan Kaipu Chemical Co., Ltd., Kureha Corporation, Jinhua Chemical (Group) Corporation, Tianjin Bohai Chemical Co. Ltd., Arkema SA, Bayer AG, PPG Industries, Inc., and Nanjing Chemical Industry Co. Ltd., Solutia, Inc.
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