Reports and Data’s latest industry analysis report titled ‘Global Nitrobenzene Market’ provides The increasing demand for agrochemicals and the elevating demand for Nitrobenzene from the pharmaceutical sector have resulted in boosting the Nitrobenzene market.
Market Size – USD 9.64 Billion in 2020, Market Growth - CAGR of 3.2%, Market Trends – The rising demand for Nitrobenzene in the Agriculture sector
The Global Nitrobenzene market is forecast to reach USD 12.28 Billion by 2028, according to a new report by Reports and Data. Nitrobenzene can be defined as an organic compound that is considered to be an important industrial. It is produced in large quantities for industrial uses like in the automotive sector and construction industry. A large portion of the organic compound manufactured in the United States is used to produce aniline. It is also applicable for producing lubricating oils like those applied in machinery and motors. A certain portion of this compound is also used to produce drugs, dyes, synthetic rubber, and pesticides. A large percentage of this compound is used for the production of aniline that is a precursor to pesticides, rubber chemicals, dyes, pharmaceuticals, and explosives. It has been testified that reduced graphene oxide catalyzed reduction of the compound forms N-phenylhydroxylamine as an intermediate. While working with the compound, it is important to take necessary precautions as it is toxic. Though the compound has a good aroma, it is good to inhale, ingest, or expose the skin to it. Commercially, it can be used to cover unpleasant odors, but only when the product is not made for animal or human use. It is because of the toxicity of the compound, it is usually not used directly in its original form, and rather it is used as a precursor to other compounds. It has a wide arena of applications ranging from pharmaceutical to agrochemicals, which is fostering the growth of the sector..
The report’s ‘COVID-19 Impact Study’ section focuses on the profound impact of the global pandemic on the materials chemicals market, throwing light on the key challenges the industry players are currently facing. The report further analyzes other crucial aspects of the market, such as product pricing structure, product portfolios, end-use industries, sales statistics, distribution channels, and upcoming industry trends. Moreover, the report provides actionable insights into the industry’s highly competitive scenario and profiles the top companies operating in the industry, along with their extensive product portfolios.
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Top Companies Profiled in the Report: BASF SE, Aromsyn Co., Lt, Bann Quimica Ltd, Huntsman Corporation, Finetech Industry Limited, The Chemours Company, Shandong Jinling Chemical Co, The Dow Chemical Company, Tianjin Elong Co, Ltd, Yantai Wanhua Polyurethane Co Ltd, and Covestro.
Regional Outlook
The key regions covered in the report are as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report: https://www.reportsanddata.com/report-detail/nitrobenzene-market
Market Segmentation:
Grade Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Agriculture grade
- Technical grade
- Pharmaceutical grade
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Aniline Production
- Synthetic Rubber Production
- Pesticides Production
- Paint Solvent
- Others
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Automotive
- Construction
- Pharmaceuticals
- Agriculture
- Cosmetics
- Others
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Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Nitrobenzene market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Nitrobenzene market size
2.2 Latest regional market trends
2.3 Emerging growth trends
- Competitive Outlook
3.1 Global Nitrobenzene market key players
3.2 Global Nitrobenzene size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Nitrobenzene market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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