Word Nitrobenzene Market Analysed by MicroMarketMonitor in New Research Study Available at MarketPublishers.com31 Mar 2015 • by Natalie Aster
LONDON – Worldwide, the nitrobenzene market value stood at just over USD 8. 219 billion as of 2014, and it is forecast to expand at a CAGR of just under 3% through 2019. The key growth drivers include the surging demand for MDI and the rise of construction activities, along with the product’s maturity. The Asia-Pacific region accounted for 40% of the total nitrobenzene demand as of 2014, which makes it the largest contributor to the market. The enormous demand for the material in the region is attributed to the rapidly developing construction industry in such countries as China and India.
BASF SE, Huntsman Corporation, Bayer AG, Yantai Wanhua Polyurethane Co. Ltd., Bann Quimica Ltd., Shandong Jinling Chemical Co., DuPont Chemical Solutions Enterprise, Sumitomo Chemical Co. Ltd., amid others, are the leading players in the global nitrobenzene market. They are constantly focusing on increasing their production capacities to gain a competitive edge and serving the clients more efficiently. The top players’ strategies during 2012-2013 were investments to boost plants’ capacities, with acquisitions following in, in order to expand their footprint in the global nitrobenzene marketplace. Their strategies to grab the share in the developing markets include agreements and expansions.
New research study “Global Nitrobenzene Market by Application (Aniline and Others), by Geography - Analysis and Forecast to 2019” drawn up by MicroMarketMonitor examines the worldwide nitrobenzene market, segmenting it on the basis of application and geography, providing projections of the market value, volume, and prevailing trends in each submarket covered. The report provides a detailed analysis of the value chain pertaining to nitrobenzene manufacturers, raw materials, and end-user sectors. The research report gives insights into the influences of various market dynamic factors which are driving and restraining the global market. Additionally, the report scrutinizes the competitive landscape and includes comprehensive profiles of the dominant players that are contributing to the worldwide nitrobenzene market, including an overview of their financials, products and services, strategies, and key developments over the past years.
More new reports by the publisher can be found at MicroMarketMonitor page.