NEW YORK, Aug. 24, 2018 (GLOBE NEWSWIRE) -- The global ortho-nitro chloro benzene market is expected to witness a CAGR of 3.4% from 2018 to 2024. The growth in the market is mainly attributed to the increasing application of ortho-nitro chloro benzene across various end-use industries. Moreover, higher demand for ortho-nitro chloro benzene based products in APAC region is likely to give impetus to the market growth during 2018-2024.
Ortho-nitro chloro benzene is one of the isomeric products of nitration of chlorobenzene in the presence of sulphuric acid and nitric acid. It is not an end-product in itself but used as an antecedent to other compounds. This chemical has found its applications in dyes, pesticides, and agrochemicals. Increasing applications of Ortho-nitro chloro benzene in photographic chemicals, corrosion inhibitors, and rubber chemicals is expected to further drive the market growth over the forecast period.
Key findings from the report:
- The global ortho-nitro chloro benzene market is likely to experience a CAGR of 3.4% from 2018-2024
- The nitration of chlorobenzene segment held the largest share of the market in 2017 and the trend is likely to continue over the forecast period
- Asia Pacific (APAC) is expected to register the highest CAGR over the forecast period
- Some of the key companies operating in the market include BASF SE; Evonik Industries; Monsanto Company; The Dow Chemical Company; Akzo Nobel N.V.; Toray Industries, Inc.; Eastman Chemical Company; Mitsui Chemicals; Mitsubishi Chemical Corporation; and LG Chem, among others
Nitration of Chlorobenzene segment : Most used method for ortho-nitro chloro benzene manufacturing
Nitration of chlorobenzene manufacturing process segment held the largest share of the market in 2017 and the trend is likely to continue over the forecast period. This manufacturing technique also yields meta and para isomers which have applications in construction and pharmaceutical industry. Moreover, economic nature of this manufacturing process is expected to propel the growth of the segment over the forecast period.
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Otrho-nitro chloro benzene market - Regional insight
Geographically, Asia Pacific (APAC) is likely to witness the fastest CAGR during 2018-2024. This trend can be attributed to increasing demand from agriculture, rubber, and chemical industry of the region. Moreover, easy availability of raw materials in the region has prompted the companies to open manufacturing units in close vicinity. North America is expected to register a significant CAGR over the forecast period. This can be owed to the presence of major chemical companies such as Eastman Chemical Company, The Dow Chemical Company, among others in the region.
The report segments ortho-nitro chloro benzene market on the basis of grade, manufacturing process, application, and region.
By Grade
- Reagent
- Laboratory
- Technical
By Manufacturing Process
- Nitration of Chlorobenzene ° Purification by Fractional Distillation ° Purification by Rectification
- Diazotizing of O-Nitroaniline
By Application
- Dyes
- Pigments
- Pharmaceutical Industry
- Agrochemicals
- Lumber Preservatives
- Others ° Photographic Chemicals ° Corrosion Inhibitors ° Rubber Chemicals
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Rest of the World (ROW)
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