Nitrobenzene Market is Expected to Reach $9,504.5 Million by 2019, at a CAGR of 2.9% from 2014 to 2019

FORT WORTH, Texas, March 26, 2015 /PRNewswire/ --

The global nitrobenzene market is about $8,219.1 million in 2014 and is estimated to reach $9,504.5 million by 2019, at a CAGR of 2.9%, from 2014 to 2019.

Browse through the TOC of nitrobenzene market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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The global nitrobenzene market is significantly penetrating into various end-use industries. The Asia-Pacific region is expected to dominate this market with its growing demand for nitrobenzene in different application verticals; especially in construction. The increasing population and significant economic growth in the Asia-Pacific region has resulted in the growth of the construction and infrastructure industries, thereby increasing the demand for MDI, which is derived from nitrobenzene.

The investments and expansions adopted by the key players in the market are also driving the growth of the global nitrobenzene market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications in the nitrobenzene market, so as to cater to the rising demands for nitrobenzene from the various end-user industries.

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The Asia-Pacific is the largest region, both in terms of volume and value, followed by Europe and North America. China, India, the U.S., Germany, and Brazil are expected to remain as the most successful nitrobenzene markets, globally. The key players in the global nitrobenzene market are Huntsman Corporation (U.S.), BASF SE (Germany), First Chemical Corp (U.S), DuPont Chemical Solutions Enterprise, Bayer AG (Germany), Yantai Wanhua Polyurethane Co. Ltd. (China), Shandong Jinling Chemical Co. (China), Sumitomo Chemical Co. Ltd. (Japan), and Bann Quimica Ltd. (Brazil), among others.

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The European Phthalic Anhydride Market, along with its applications, has witnessed strong growth in the past few years, which is estimated to decline in the coming years. Phthalic anhydride is one of the basic organic chemical raw materials widely used in plastic, paints & coatings, dyes, building & construction, pharmaceuticals, and rubber industries. Diversified applications of phthalic-based plasticizers in a broad spectrum of industries is the major reason for the soaring demand of plasticizers in Europe; the consumer shift towards sustainable products impacts the demand for phthalic anhydride and its applications in various industries.

http://www.micromarketmonitor.com/market/europe-phthalic-anhydride-4390394438.html

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