Chlorobenzene Market Size (2024 - 2029)

The chlorobenzene market is projected to experience growth over the forecast period, driven by rising demand in the chemical industry and increased applications in nitrochlorobenzene production. Despite challenges posed by the COVID-19 pandemic, which disrupted supply chains and production, the market has shown signs of recovery. Concerns over the health impacts of chlorobenzene exposure may pose obstacles to growth, yet new opportunities are emerging, particularly in its use as a solvent for pesticide formulations. The Asia-Pacific region is anticipated to lead the market, fueled by demand in developing nations.

Market Size of Chlorobenzene Industry

Chlorobenzene Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 3.43 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Chlorobenzene Market Major Players

*Disclaimer: Major Players sorted in no particular order

Chlorobenzene Market Analysis

The Chlorobenzene Market size is estimated at 679.51 kilotons in 2024, and is expected to reach 803.38 kilotons by 2029, growing at a CAGR of 3.43% during the forecast period (2024-2029).

COVID-19 highly impacted the overall chlorobenzene market due to the disruption in the supply chain and halt in production facilities, mainly in China and India. However, the industry started recovering after the pandemic and was expected to grow steadily during the forecast period.

The major factors driving the market are the increasing demand for nitrochlorobenzene and the surging application of chlorobenzene in the chemical industry.

Moreover, the detrimental effects of chlorobenzene exposure causing respiratory and neurological-associated issues are likely to hinder the market's growth.

Nevertheless, the emerging applications of chlorobenzene as a solvent for pesticide formulations will likely offer the industry new growth opportunities.

Asia-Pacific will likely dominate the market through the forecast period due to increased demand in developing countries such as China and India.

Chlorobenzene Industry Segmentation

Chlorobenzene is a colorless, flammable, volatile, toxic liquid used in organic synthesis and as a solvent. It is commonly produced from sulfur chloride, ferric chloride, and anhydrous aluminum chloride.

The Chlorobenzene market is segmented into type, application, and geography. By type, the market is segmented into monochlorobenzene, o-dichlorobenzene, p-dichlorobenzene, m-dichlorobenzene, and other types (hexachlorobenxene, trichlorobenxene, and others). By application, it is segmented into moth control, nitrochlorobenzenes, polyphenylene sulfide, polysulfone polymers, solvents, room and sanitary deodorants, and other applications (dyes and pigments, agrochemicals, and others). The report also covers the market size and forecasts for chlorobenzene in 27 countries across major regions. 

The market sizing and forecasts for each segment have been done based on volume (tons).

Type
Monochlorobenzene
o-dichlorobenzene
p-dichlorobenzene
m-Dichlorobenzene
Other Types
Application
Moth Control
Nitrochlorobenzenes
Polyphenylene Sulfide
Polysulfone Polymers
Solvents
Room and Sanitary Deodorants
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Nordic
Turkey
Russia
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle-East & Africa
Saudi Arabia
South Africa
Nigeria
Qatar
Egypt
United Arab Emirates
Rest of Middle-East & Africa
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Chlorobenzene Market Size Summary

The chlorobenzene market is poised for steady growth over the forecast period, driven by increasing demand for nitrochlorobenzene and its expanding applications in the chemical industry. Despite the challenges posed by the COVID-19 pandemic, which disrupted supply chains and halted production, the industry has shown resilience and is expected to recover and grow. The market's expansion is supported by the growing pharmaceutical and agricultural sectors, particularly in Asia-Pacific, where countries like China and India are experiencing significant demand. However, the market faces hurdles due to the health risks associated with chlorobenzene exposure, which could impede growth. Nonetheless, new opportunities are emerging, such as the use of chlorobenzene as a solvent in pesticide formulations, which may further drive market development.

The Asia-Pacific region is anticipated to maintain its dominance in the chlorobenzene market, fueled by the burgeoning chemical manufacturing and pharmaceutical industries. The region's growth is attributed to the increasing use of chlorobenzene in producing synthetic rubber, pesticides, and resins, particularly in China, India, and Japan. The pharmaceutical sector's expansion, especially in India and China, is expected to boost the demand for chlorobenzene as a chemical intermediate. Additionally, the Indian agricultural sector's growth and the country's significant role in the global pharmaceutical market are likely to enhance chlorobenzene consumption. The market is partially consolidated, with key players such as ITW Reagents Division, China Petrochemical Corporation, and LANXESS playing significant roles in shaping the industry's landscape.

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Chlorobenzene Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising demand for Nitrochlorobenzene

      2. 1.1.2 Surging Application in the Chemical Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Detrimental Effects of Chlorobenzene Exposure

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

    5. 1.5 Price trends

    6. 1.6 Technological Snapshot

    7. 1.7 Trade Analysis

    8. 1.8 Regulatory Policy Analysis

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Type

      1. 2.1.1 Monochlorobenzene

      2. 2.1.2 o-dichlorobenzene

      3. 2.1.3 p-dichlorobenzene

      4. 2.1.4 m-Dichlorobenzene

      5. 2.1.5 Other Types

    2. 2.2 Application

      1. 2.2.1 Moth Control

      2. 2.2.2 Nitrochlorobenzenes

      3. 2.2.3 Polyphenylene Sulfide

      4. 2.2.4 Polysulfone Polymers

      5. 2.2.5 Solvents

      6. 2.2.6 Room and Sanitary Deodorants

      7. 2.2.7 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Malaysia

        6. 2.3.1.6 Thailand

        7. 2.3.1.7 Indonesia

        8. 2.3.1.8 Vietnam

        9. 2.3.1.9 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Spain

        6. 2.3.3.6 Nordic

        7. 2.3.3.7 Turkey

        8. 2.3.3.8 Russia

        9. 2.3.3.9 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle-East & Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Nigeria

        4. 2.3.5.4 Qatar

        5. 2.3.5.5 Egypt

        6. 2.3.5.6 United Arab Emirates

        7. 2.3.5.7 Rest of Middle-East & Africa

Chlorobenzene Market Size FAQs

The Chlorobenzene Market size is expected to reach 679.51 kilotons in 2024 and grow at a CAGR of 3.43% to reach 803.38 kilotons by 2029.

In 2024, the Chlorobenzene Market size is expected to reach 679.51 kilotons.

Chlorobenzene Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)