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Nitrobenzene Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Form (Liquid, Powder), By Application (Aniline Production, Lubricating Oils, Dyes & Paints, Synthetic Rubber, Pesticides, Others), By Region, and Competition

August 2023 | 111 pages | ID: N67B36D9C814EN
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The Global Nitrobenzene Market is poised for impressive growth until 2028, driven by the increasing demand for high-performance plastics and industrial chemicals manufactured using nitrobenzene. In 2021, global plastics production reached approximately 385.45 million metric tons, highlighting the significance of this sector.

Nitrobenzene, with a chemical formula of C6H5NO2, is an organic molecule known for its solubility in water, pale yellow oil-like appearance, and almond-like scent. It forms greenish-yellow crystals when frozen and is primarily produced from benzene, which serves as a precursor for aniline. Nitrobenzene also finds occasional use as a solvent, particularly for electrophilic reagents. Its production involves the nitration of benzene using a solution of strong nitric acid, water, and sulfuric acid.

Due to the exothermic nature of the reaction, the production of nitrobenzene is considered one of the most hazardous processes in the chemical industry. The nitration process leads to the formation of the nitronium ion (NO2+) through the reaction of an acidic dehydrating agent, often sulfuric acid, and nitric acid. Aniline, a key compound derived from nitrobenzene, finds applications in the production of rubber compounds, azo colors, urethane polymers, insecticides, drugs, and explosives. The extensive range of applications of these organic compound derivatives contributes significantly to the sector's growth.

Nitrobenzene plays a vital role in the production of agrochemicals like herbicides and fungicides, which safeguard crops from pests and diseases in the agriculture sector. The increasing global demand for food, driven by population growth, is anticipated to boost the demand for agrochemicals and subsequently drive the demand for nitrobenzene. Additionally, nitrobenzene finds application in the production of rubber products such as tires, belts, and hoses, which are in high demand in the automotive industry. The growth of the automotive sector is expected to fuel the demand for these products and, consequently, for nitrobenzene.

With the Construction Market estimated at around USD 12 trillion in 2019, witnessing a 4% growth compared to the previous year, there is a rising demand for rigid polyurethanes, adhesives, sealants, binders, coatings, and other MDI products. This surge in demand subsequently boosts the market for aniline, thereby supporting the growth of the studied market.

The increasing demand from the automotive industry serves as a significant driver for market growth.

Anticipated future market growth for nitrobenzene is expected to be driven by increasing demand from the automotive sector. The automotive sector encompasses the manufacturing, distribution, retail, and maintenance of automobiles. A significant portion of the nitrobenzene is utilized in the production of aniline, a precursor of methylene diphenyl diisocyanate (MDI). MDI is used in the production of high-performance plastics, urethane polymers such as polyurethane foams and elastomers, rubber compounds, and other automotive-related goods.

For example, according to a report from the International Energy Agency, an intergovernmental organization based in France that provides recommendations to the global energy sector, the number of electric cars on the road has nearly doubled from the previous year, reaching 16.5 million (with a sales share of about 9% of total car sales). This growth in electric cars contributes to the expanding nitrobenzene market due to the rising demand from the automobile industry.

In addition to the automotive sector, the chemicals and solutions industry also plays a vital role in the growth of the nitrobenzene market. The increasing demand for aniline across various business verticals is one of the significant driving forces behind the global nitrobenzene market. Manufacturers offer both powder and liquid forms of these products and services to end consumers. The producers and market participants in the global nitrobenzene market provide distinct product types categorized according to their intended end use, such as industrial, pharmaceutical, and agricultural-grade items.

The application segment dominated by aniline manufacturing is expected to drive the nitrobenzene market. Aniline is primarily produced through the catalytic hydrogenation of nitrobenzene. The method involving phenyl amination to produce nitrobenzene is no longer in use. An estimated 87% of the aniline produced is used to manufacture MDI, while the remaining nitrobenzene is utilized in other processes such as the production of p-aminophenol, insecticides, dyes, pigments, and chemical intermediaries or solvents.

Methylene diphenyl diisocyanate (MDI) derived from aniline serves as a key precursor for polymers used in various end-use industries, including the construction and automotive sectors. MDI-based polyurethane foams, widely employed in building insulation applications, are fundamental building blocks in both flexible and rigid forms.

The demand for aniline from the pharmaceutical industry, particularly for the production of paracetamol, has increased, leading to a corresponding increase in the demand for the nitrobenzene market, as reported by the India Brand Equity Foundation (IBEF). In 2019, the Indian pharmaceutical market size was valued at USD 20.03 billion, with a year-over-year growth rate of 9.8%.

The rising demand for agrochemicals is anticipated to drive future market expansion for nitrobenzene. Agrochemicals refer to agents used to eliminate, deter, or control plant or animal pests. Nitrobenzene is used in agriculture as a supplement for plant growth, promoting flowering and reducing flower loss. It acts as a combination of nitrogen and a plant growth regulator, stimulating plant growth and increasing yield.

According to the Food and Agriculture Organization, the average annual consumption of pesticides was 1.58 kg per hectare, 0.37 kg per person, and 0.79 kg for every USD 1000 of agricultural production. In 2020, the total volume of pesticide trade increased by 30%. This rising need for agrochemicals contributes to the expanding market for nitrobenzene.

The nitrobenzene market faces a major challenge from the increasing demand for bio-based fertilizers. Regulatory guidelines adopted by the European Union Commission and the US Environmental Protection Agency to limit volatile organic compound (VOC) emissions are projected to raise demand for bio-based chemicals and hinder the growth of the nitrobenzene market. Furthermore, nitrobenzene has been designated as a potential occupational carcinogen by the US Environmental Protection Agency, which may present significant obstacles for the industry in the near future. The growing environmental concerns regarding organic fertilizers are also expected to constrain the expansion of the nitrobenzene industry.

Recent Developments
  • To enhance the organization's business and provide equipment, engineering design, and advisory services for a new nitrobenzene project, Kutch Specialties Pvt Ltd, an Indian company, was awarded a contract by KBR Inc. in 2020. The contract was for their exclusive Plinke Adiabatic Nitrobenzene solutions, known for their ability to produce high purity nitrobenzene.
  • TIn 2020, The Chemours Company announced its decision to discontinue the production of aniline, nitrobenzene, and other chemicals at its Pascagoula, Mississippi facility in the United States. This plant was acquired by DuPont as part of their 2002 acquisition of ChemFirst and later integrated into The Chemours Company's operations. Additionally, in 2016, the company sold an aniline factory in Beaumont, Texas to Dow.
  • In April 2022, Synthomer PLC, a UK-based chemicals company, completed the acquisition of Eastman Chemical Company's adhesive resins business for a total of USD 1 billion. This strategic move aimed to strengthen its presence in key markets such as building and construction, transportation, and consumables. Eastman Chemical Company, based in the US, is a prominent player in the chemicals industry.
Market Segmentation

Global Nitrobenzene Market is segmented based on form, application, region and competitive landscape. Based on the form, the market is categorized into Liquid and Powder. Based on the application, the market is segmented into Aniline Production, Lubricating Oils, Dyes & Paints, Synthetic Rubber, Pesticides, and Others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Market Players

Total S.A., Covestro AG, BASF SE, Huntsman Corporation, The Dow Chemical Company, The Chemours Company, Aarti Industries Ltd., Wanhua Industrial Group, Aromsyn Co Ltd, Bann Quimica Ltda, are some of the key players of the Global Nitrobenzene Market.

Report Scope:

In this report, Global Nitrobenzene Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
  • Nitrobenzene Market, By Form:
    • Liquid
    • Powder
  • Nitrobenzene Market, By Application:
    • Aniline Production
    • Lubricating Oils
    • Dyes & Paints
    • Synthetic Rubber
    • Pesticides
    • Others
  • Nitrobenzene Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Australia
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
Competitive landscape

Company Profiles: Detailed analysis of the major companies present in Global Nitrobenzene market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
1. PRODUCT OVERVIEW

1.1. Market Definition
1.2. Scope of the Market
  1.2.1. Markets Covered
  1.2.2. Years Considered for Study
  1.2.3. Key Market Segmentations

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. EXECUTIVE SUMMARY

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. VOICE OF CUSTOMER


5. GLOBAL NITROBENZENE MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value & Volume
5.2. Market Share & Forecast
  5.2.1. By Form (Liquid vs Powder)
  5.2.2. By Application (Aniline Production, Lubricating Oils, Dyes & Paints, Synthetic Rubber, Pesticides and Others)
  5.2.3. By Company (2022)
  5.2.4. By Region
5.3. Market Map
5.4. Pricing Analysis

6. NORTH AMERICA NITROBENZENE MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value & Volume
6.2. Market Share & Forecast
  6.2.1. By Form
  6.2.2. By Application
  6.2.3. By Country
6.3. Pricing Analysis
6.4. North America: Country Analysis
  6.4.1. United States Nitrobenzene Market Outlook
    6.4.1.1. Market Size & Forecast
      6.4.1.1.1. By Value & Volume
    6.4.1.2. Market Share & Forecast
      6.4.1.2.1. By Form
      6.4.1.2.2. By Application
  6.4.2. Mexico Nitrobenzene Market Outlook
    6.4.2.1. Market Size & Forecast
      6.4.2.1.1. By Value & Volume
    6.4.2.2. Market Share & Forecast
      6.4.2.2.1. By Form
      6.4.2.2.2. By Application
  6.4.3. Canada Nitrobenzene Market Outlook
    6.4.3.1. Market Size & Forecast
      6.4.3.1.1. By Value & Volume
    6.4.3.2. Market Share & Forecast
      6.4.3.2.1. By Form
      6.4.3.2.2. By Application

7. EUROPE NITROBENZENE MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value & Volume
7.2. Market Share & Forecast
  7.2.1. By Form
  7.2.2. By Application
  7.2.3. By Country
7.3. Pricing Analysis
7.4. Europe: Country Analysis
  7.4.1. France Nitrobenzene Market Outlook
    7.4.1.1. Market Size & Forecast
      7.4.1.1.1. By Value & Volume
    7.4.1.2. Market Share & Forecast
      7.4.1.2.1. By Form
      7.4.1.2.2. By Application
  7.4.2. Germany Nitrobenzene Market Outlook
    7.4.2.1. Market Size & Forecast
      7.4.2.1.1. By Value & Volume
    7.4.2.2. Market Share & Forecast
      7.4.2.2.1. By Form
      7.4.2.2.2. By Application
  7.4.3. United Kingdom Nitrobenzene Market Outlook
    7.4.3.1. Market Size & Forecast
      7.4.3.1.1. By Value & Volume
    7.4.3.2. Market Share & Forecast
      7.4.3.2.1. By Form
      7.4.3.2.2. By Application
  7.4.4. Italy Nitrobenzene Market Outlook
    7.4.4.1. Market Size & Forecast
      7.4.4.1.1. By Value & Volume
    7.4.4.2. Market Share & Forecast
      7.4.4.2.1. By Form
      7.4.4.2.2. By Application
  7.4.5. Spain Nitrobenzene Market Outlook
    7.4.5.1. Market Size & Forecast
      7.4.5.1.1. By Value & Volume
    7.4.5.2. Market Share & Forecast
      7.4.5.2.1. By Form
      7.4.5.2.2. By Application

8. ASIA-PACIFIC NITROBENZENE MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value & Volume
8.2. Market Share & Forecast
  8.2.1. By Form
  8.2.2. By Application
  8.2.3. By Country
8.3. Pricing Analysis
8.4. Asia-Pacific: Country Analysis
  8.4.1. China Nitrobenzene Market Outlook
    8.4.1.1. Market Size & Forecast
      8.4.1.1.1. By Value & Volume
    8.4.1.2. Market Share & Forecast
      8.4.1.2.1. By Form
      8.4.1.2.2. By Application
  8.4.2. India Nitrobenzene Market Outlook
    8.4.2.1. Market Size & Forecast
      8.4.2.1.1. By Value & Volume
    8.4.2.2. Market Share & Forecast
      8.4.2.2.1. By Form
      8.4.2.2.2. By Application
  8.4.3. South Korea Nitrobenzene Market Outlook
    8.4.3.1. Market Size & Forecast
      8.4.3.1.1. By Value & Volume
    8.4.3.2. Market Share & Forecast
      8.4.3.2.1. By Form
      8.4.3.2.2. By Application
  8.4.4. Japan Nitrobenzene Market Outlook
    8.4.4.1. Market Size & Forecast
      8.4.4.1.1. By Value & Volume
    8.4.4.2. Market Share & Forecast
      8.4.4.2.1. By Form
      8.4.4.2.2. By Application
  8.4.5. Australia Nitrobenzene Market Outlook
    8.4.5.1. Market Size & Forecast
      8.4.5.1.1. By Value & Volume
    8.4.5.2. Market Share & Forecast
      8.4.5.2.1. By Form
      8.4.5.2.2. By Application

9. SOUTH AMERICA NITROBENZENE MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value & Volume
9.2. Market Share & Forecast
  9.2.1. By Form
  9.2.2. By Application
  9.2.3. By Country
9.3. Pricing Analysis
9.4. South America: Country Analysis
  9.4.1. Brazil Nitrobenzene Market Outlook
    9.4.1.1. Market Size & Forecast
      9.4.1.1.1. By Value & Volume
    9.4.1.2. Market Share & Forecast
      9.4.1.2.1. By Form
      9.4.1.2.2. By Application
  9.4.2. Argentina Nitrobenzene Market Outlook
    9.4.2.1. Market Size & Forecast
      9.4.2.1.1. By Value & Volume
    9.4.2.2. Market Share & Forecast
      9.4.2.2.1. By Form
      9.4.2.2.2. By Application
  9.4.3. Colombia Nitrobenzene Market Outlook
    9.4.3.1. Market Size & Forecast
      9.4.3.1.1. By Value & Volume
    9.4.3.2. Market Share & Forecast
      9.4.3.2.1. By Form
      9.4.3.2.2. By Application

10. MIDDLE EAST AND AFRICA NITROBENZENE MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value & Volume
10.2. Market Share & Forecast
  10.2.1. By Form
  10.2.2. By Application
  10.2.3. By Country
10.3. Pricing Analysis
10.4. MEA: Country Analysis
  10.4.1. South Africa Nitrobenzene Market Outlook
    10.4.1.1. Market Size & Forecast
      10.4.1.1.1. By Value & Volume
    10.4.1.2. Market Share & Forecast
      10.4.1.2.1. By Form
      10.4.1.2.2. By Application
  10.4.2. Saudi Arabia Nitrobenzene Market Outlook
    10.4.2.1. Market Size & Forecast
      10.4.2.1.1. By Value & Volume
    10.4.2.2. Market Share & Forecast
      10.4.2.2.1. By Form
      10.4.2.2.2. By Application
  10.4.3. UAE Nitrobenzene Market Outlook
    10.4.3.1. Market Size & Forecast
      10.4.3.1.1. By Value & Volume
    10.4.3.2. Market Share & Forecast
      10.4.3.2.1. By Form
      10.4.3.2.2. By Application

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenges

12. MARKET TRENDS & DEVELOPMENTS

12.1. Mergers & Acquisitions
12.2. Product Development
12.3. Recent Developments

13. PORTERS FIVE FORCES ANALYSIS

13.1. Competition in the Industry
13.2. Potential of New Entrants
13.3. Power of Suppliers
13.4. Power of Customers
13.5. Threat of Substitute Products

14. COMPETITIVE LANDSCAPE

14.1. Business Overview
14.2. Company Snapshot
14.3. Products & Services
14.4. Financials (As Reported)
14.5. Recent Developments
  14.5.1. Total S.A.
  14.5.2. Covestro AG
  14.5.3. BASF SE
  14.5.4. Huntsman Corporation
  14.5.5. The Dow Chemical Company
  14.5.6. The Chemours Company
  14.5.7. Aarti Industries Ltd.
  14.5.8. Wanhua Industrial Group
  14.5.9. Aromsyn Co Ltd
  14.5.10. Bann Quimica Ltda

15. STRATEGIC RECOMMENDATIONS


16. ABOUT US & DISCLAIMER


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