Global Chlorobenzene Market Size, Share, Development, Growth and Demand Forecast to 2022- Industry Insights by Type by Application

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Dec 16, 2016, 07:51 ET

LONDON, Dec. 16, 2016 /PRNewswire/ -- Chlorobenzene is a colorless and flammable aromatic organic compound. It is also known as phenyl chloride or benzene chloride. It is produced by benzene chlorination in the presence of catalyst and acids, such as anhydrous aluminum chloride, ferric chloride and sulfur chloride. The global chlorobenzene market is witnessing growth, owing to its large volume applications in chemical industry. There are several types of chlorobenzene, such as monochlorobenzene, orthodichlorobenzene, paradichlorobenzene, trichlorobenzene, tetrachlorobenzene and hexachlorobenzene.

Monochlorobenzene is used to manufacture nitrochlorobenzene and diphenyl oxide, which are then used for the production of pesticides, organic intermediate, pigment intermediate, rubber processing chemicals, dye, pharmaceuticals and several other chemicals. Orthodichlorobenzene also has several applications, such as solvent in paint removers, engine cleaners, deinking and toluene diisocyanate process. Paradichlorobenzene covers the largest market share in terms of usage among the three, as it is used in high performance polymer. The major uses of paradichlorobenzene include manufacturing of polyphenylene sulfide resin, room deodorants and moth control. These three types of chlorobenzene accounted for more than 90% share of the total chlorobenzene consumption in 2015. The other chlorobenzenes, such as trichlorobenzene, tetrachlorobenzene, hexachlorobenzene and m-dichlorobenzene are not produced in a large scale.

The global chlorobenzene market was valued at $1,787.3 million in 2015, and it is expected to grow at a CAGR of 5.4% during 2016 – 2022. The global chlorobenzene market is primarily driven by increased consumption in Asia-Pacific, especially China and large base of end-users including manufacturing of dyes and pigments, pesticides, pharmaceuticals and several other organic chemicals.

Among the various types, the monochlorobenzene segment held the largest share in 2015, in terms of volume as well as value. The paradichlorobenzene segment was the fastest growing segment in the global chlorobenzene market. The fastest growth of the segment is attributed to the increasing production of polyphenylene sulfide in China, Japan, and the U.S. Among the different applications, the nitrochlorobenzenes segment held the largest share in the global chlorobenzene market.

Asia-Pacific accounted for the largest share in the global chlorobenzene market, and it is also anticipated to witness the highest growth during 2016 – 2022 in terms of volume, as well as value. The high consumption in China and Japan are driving the growth of the chlorobenzene market in the region. China is the largest producer as well as consumer of chlorobenzene in Asia-Pacific and across the globe. Japan is another key market for chlorobenzene in Asia-Pacific. The rapid growth of the polyphenylene sulfide resin and high consumption of chlorobenzene as herbicide intermediate are driving the growth of the Japanese chlorobenzene market.

Some of the players operating in the global chlorobenzene market include Beckmann-Kenko GmbH, Jiangsu Yangnong Chemicals Group Co., Ltd., Meryer (Shanghai) Chemical Technology Co., Ltd., J&K Scientific Ltd, China Petrochemical Corporation, Kureha Corporation, Applichem GmbH and Chemada Fine Chemicals.
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