Nitrochlorobenzene Market

Global Nitrochlorobenzene Market: Overview

Nitrochlorobenzene is a chemical compound that finds application in various industries. It is also an intermediate for other chemicals that are used in the manufacture of rubber. This compound has been revolutionized treatment of an oft irritating disease, leprosy. Dapsone is now a commonly used anti leprosy drug that is made from this chemical. It is also used for the processing and production of fertilizers, dyes, paints, and coatings.

Global demand for rubber is increasing as more and more automobiles ply onto roads. As per Transparency Market Research, the global nitrochlorobenzene market would grow notably from 2020 to 2030. Rubber has a variety of other uses that make the utilization of nitrochlorobenzene imminent among industries. Also, the global incidence of leprosy is being aggressively brought down.

Global Nitrochlorobenzene Market: Competitive Landscape

Most well received and proactive players in the fragmented global nitrochlorobenzene market are:

• BASF
• Dow Chemical
• Mitsubishi Chemical
• LG Chem
• AkzoNobel
• Mitsui Chemicals
• Toray Industries
• Eastman Chemical Company
• Monsanto
• Evonik Industries

These manufacturers are committed to providing high quality nitrochlorobenzene for efficient use by the rubber and pharmaceutical industry.

Global Nitrochlorobenzene Market: Key Trends and Drivers

• Rubber is an important commodity that finds robust use in the automotive industry, among other sectors. Since nitrochlorobenzene is an important ingredient in the manufacture of rubber, the market for this chemical is expected to grow in the future. 
• Leprosy treatment has been revolutionized since the introduction of Dapsone drug in 1945. Since then, this drug has been successful in controlling leprosy worldwide. Scope remains for further success here and should press the market for nitrochlorobenzene upwards. 

Global Nitrochlorobenzene Market: Regional Analysis

The Asia Pacific region (APAC) is expected to be the fastest-growing market over the forecast period. A well developed pharmaceutical industry and an automotive sector that is hungry for growth add to this market.

North America and Europe are estimated to register modest growth in this market given their low investment in small scale industries and an outsourcing of pharmaceutical manufacturing.