Market Size of Chlorobenzene Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 | |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
|
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.
Chlorobenzene Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Rising demand for Nitrochlorobenzene
-
1.1.2 Surging Application in the Chemical Industry
-
1.1.3 Other Drivers
-
-
1.2 Restraints
-
1.2.1 Detrimental Effects of Chlorobenzene Exposure
-
1.2.2 Other Restraints
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Degree of Competition
-
-
1.5 Price trends
-
1.6 Technological Snapshot
-
1.7 Trade Analysis
-
1.8 Regulatory Policy Analysis
-
-
2. MARKET SEGMENTATION (Market Size in Volume)
-
2.1 Type
-
2.1.1 Monochlorobenzene
-
2.1.2 o-dichlorobenzene
-
2.1.3 p-dichlorobenzene
-
2.1.4 m-Dichlorobenzene
-
2.1.5 Other Types
-
-
2.2 Application
-
2.2.1 Moth Control
-
2.2.2 Nitrochlorobenzenes
-
2.2.3 Polyphenylene Sulfide
-
2.2.4 Polysulfone Polymers
-
2.2.5 Solvents
-
2.2.6 Room and Sanitary Deodorants
-
2.2.7 Other Applications
-
-
2.3 Geography
-
2.3.1 Asia-Pacific
-
2.3.1.1 China
-
2.3.1.2 India
-
2.3.1.3 Japan
-
2.3.1.4 South Korea
-
2.3.1.5 Malaysia
-
2.3.1.6 Thailand
-
2.3.1.7 Indonesia
-
2.3.1.8 Vietnam
-
2.3.1.9 Rest of Asia-Pacific
-
-
2.3.2 North America
-
2.3.2.1 United States
-
2.3.2.2 Canada
-
2.3.2.3 Mexico
-
-
2.3.3 Europe
-
2.3.3.1 Germany
-
2.3.3.2 United Kingdom
-
2.3.3.3 France
-
2.3.3.4 Italy
-
2.3.3.5 Spain
-
2.3.3.6 Nordic
-
2.3.3.7 Turkey
-
2.3.3.8 Russia
-
2.3.3.9 Rest of Europe
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Colombia
-
2.3.4.4 Rest of South America
-
-
2.3.5 Middle-East & Africa
-
2.3.5.1 Saudi Arabia
-
2.3.5.2 South Africa
-
2.3.5.3 Nigeria
-
2.3.5.4 Qatar
-
2.3.5.5 Egypt
-
2.3.5.6 United Arab Emirates
-
2.3.5.7 Rest of Middle-East & Africa
-
-
-
Chlorobenzene Market Size FAQs
How big is the Chlorobenzene Market?
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.
What is the current Chlorobenzene Market size?
In 2024, the Chlorobenzene Market size is expected to reach 679.51 kilotons.
