Nitrochlorobenzene Market Share, Forecasts 2015 To 2022: Grand View Research, Inc.

Grand View Research, Inc: Global Nitrochlorobenzene
Market, Market Size, Application Analysis, Regional
Outlook, Competitive Strategies And Forecasts, 2015 To
2022
Global nitrochlorobenzene market is expected to grow positively over the forecast
period on account of huge nitrochlorobenzene demand from diverse end use
industries such as coatings, dyes, paints and fertilizers. It is a versatile organic
chemical compound manufactured by benzene nitration using sulfuric & nitric acid
mixtures. For chemical production along with coating & paints, pharmaceuticals
and agriculture related chemical derivatives, nitrochlorobenzene is used as
precursor and process intermediate. High growth in nitrochlorobenzene use is
expected in construction and automotive industries over the forecast period on
account of waxes and rubber application growth. In addition to above mentioned
factor, growing global agriculture related activities are also expected to propel
global nitrochlorobenzene market over the forecast period.

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Continuous environmental awareness activities coupled with stringent environment
regulations are expected to augment bio-based fertilizer demand across the globe
which in turn is expected to establish as key market restraint over the forecast
period.Global market is segmented on the basis of product which is categorized as
para, meta and ortho nitrochlorobenzene. Rust protection concerns in different
manufacturing industries are expected to positively influence ortho
nitrochlorobenzene demand as they are used in corrosion inhibitors production
whereas para is majorly used for insecticide, sulfur based photo chemical dyes and
rubber chemicals intermediates.

Over the forecast period, Asia Pacific is expected to be the fastest and largest
growing nitrochlorobenzene market owing to increasing agriculture related
activities and chemical industry developments. China and India are expected to be
the major countries contributing in market growth. Raw materials availability in
China coupled with low production cost followed by growing dyes, chemical,
pesticides, rubber and pharmaceutical industries are some factors expected to drive
regional market growth over the forecast period. Budding construction industries in
India on account of various government infrastructure development plans are
expected to develop nitrochlorobenzene demand in the country. In addition,
National Chemical Policy framed by Indian government in order to increase
chemical output is also expected to contribute in the country market growth over
the forecast period. North America and Europe is expected to witness moderate
market growth over the forecast period.

Global nitrochlorobenzene market is highly fragmented with major industry
participants including Mitsubishi Chemical, Toray Industries, BASF, Monsanto
and Evonik Industries, Dow Chemical, Mitsui Chemicals, Eastman Chemical
Company and AkzoNobel.
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals, materials,
healthcare and energy.
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