Global nitrochlorobenzene market is expected to witness growth on account of increasing application as intermediate for chemicals to manufacture fertilizers, dyes, paints and coatings. Nitrochlorobenzene is an organic compound used as an intermediate and precursor for the production of chemicals and numerous derivatives in agriculture, pharmaceutical, paints and coatings industries. The other applications of nitrocholorobenzene include it as reagent for detection and determination of nicotinic acid and other pyridine compounds. Application growth of rubbers and waxes in automotive and construction industries is expected to fuel nitrochlorobenzene market demand in the near future.
Growth of pharmaceutical industry in emerging markets of China and India is expected to have a positive impact on nitrochlorobenzene market. Agriculture industry growth in China, India and Brazil on account of favorable regulatory support coupled with raw material access is expected to promote the demand for fertilizers and thus in turn promote nitrochlorobenzene market growth. The European Commission and EPA have framed regulatory norms intended for reducing volatile organic compounds (VOC) emissions, which have resulted in increasing demand for bio based chemicals and likely to hamper nitrochlorobenzene market growth. The National Institute for occupational safety and health declared nitrochlorobenzene as a potential occupational carcinogen which is expected to remain a challenging factor for the market in the near future. Growing demand for bio-based fertilizers on account of favorable regulatory inclination is expected to restrict nitrochlorobenzene market growth in the near future.
Nitrochlorobenzene are majorly available in three product forms including, Ortho, Meta and Para. Ortho nitrochlorobenzene has the ability to crystallize in light yellow, monoclinic needles and is very soluble in diethyl ether, which paves its way for use in azo dye intermediates. Rising importance of rust protection in manufacturing industry to reduce maintenance cost is expected to fuel the demand for ortho-nitrochlorobenzene in production of corrosion inhibitors. Para nitrochlorobenzene is majorly used for the production of intermediates for azo & sulfur dyes photo chemicals, rubber chemicals and insecticides on account of its solubility in water.
Asia Pacific is expected to be the fastest growing market for Nitrochlorobenzene over the forecast period in light of positive agriculture industry outlook in China and India amid regulatory inclination to increase production output at domestic level. Rapid development of pharmaceutical, pesticides, dyes, rubber and chemical industry in China on account of easy raw material access and low manufacturing cost is expected to have a positive impact on nitrochlorobenzene market in the near future. Construction industry growth in India owing to inclusion of infrastructure improvement as a part of 12th Five-Year National Plan is expected to augment the demand for paints and coatings. As result, Paints and coatings industry in India is expected to witness growth and is likely to fuel nitrochlorobenzene market demand in the near future. The government of India framed Draft National Chemical Policy in February 2014, intended for increasing country’s chemical output from 3% in 2014 to 6% by 2020. This policy is expected to promote new opportunities for nitrochlorobenzene market players in the near future.
Robust manufacturing base of nitric acid in the U.S. is expected to keep nitrochlobenezene manufacturers in close proximity. Infrastructure improvement in Mexico on account of growing automobile industry at domestic level is expected to fuel the demand for paints and coatings and have a positive impact on market for nitrochlorobenzene. Expansion of refining industry in Middle East on account of government’s inclination to cater the growing demand in automotive and construction industries is expected to open new avenues for nitrochlorobenzene market. Some of nitrochlorobenzene manufacturers have launched numerous patents for enabling easy separation through crystallization and fractionation technology, which is expected to open new opportunities for market.
Some of the key players in Nitrochlorobenzene market are BASF, Dow Chemical, Mitsubishi Chemical, LG Chem, AkzoNobel, Mitsui Chemicals, Toray Industries, Eastman Chemical Company, Monsanto and Evonik Industries. Application growth in Asia Pacific along with raw material access particularly in China and India is expected to force nitrochlorobenzene manufacturers to keep their production bases in vicinity. Chemical manufacturers have started to focus on reducing green house emissions and have increased their expenditure on R&D of bio-based chemicals. As a result, inclination towards bio-based chemicals by manufacturers is expected to pose a crucial challenge for market growth for nitrochlorobenzene over the forecast period.
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