Global Ortho Nitrochlorobenzene Market Projected to Reach USD 300 Million by 2026

24-Mar-2020 | Facts and Factors

The global ortho nitro chlorobenzene market in 2019 was above USD 225 million. The market is expected to grow above a CAGR of 4% and is anticipated to reach over USD 300 million by 2026.

Ortho-nitro chlorobenzene (ONCB) is one of the isomeric products of nitration of chlorobenzene in the presence of sulphuric acid and nitric acid. Its formula is C6H4ClNO2 and its molecular weight is 157ONCB is used as an antecedent for a range of other products. Ortho-nitro chlorobenzene (ONCB) can be manufactured by two processes viz. nitration of chlorobenzene and diazotizing of O-Nitroaniline. The nitration of chlorobenzene production held the largest share of the market and the trend is likely to continue over the forecast period. This production technique also provides Meta and Para isomers, these isomers are used in construction and pharmaceutical applications. Moreover, the economic nature of this manufacturing process is anticipated to boost the growth of the segment over the forecast period.

Browse the full “Ortho Nitrochlorobenzene Market By Application (Dyes and Dyestuff Intermediates, Agrochemical Intermediates, Rubber Chemicals, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/ortho-nitrochlorobenzene-market-by-application-dyes-and-dyestuff-913

A significant rise in agrochemical production owing to surging demand for overall agricultural output may drive market growth. Agriculture is a vital sector in a number of countries and owns a significant share of the economy in developing as well as developed economies. This growth in the agricultural sectors increases the demand for fertilizers and thus, in turn, promotes the market growth for the global Ortho NitroChloroBenzene (ONCB) market. A major portion of ONCB is consumed in the production of insecticides.

Moreover, the robust growth in the rubber market is also driving the market growth. The growth in the rubber processing chemicals industry, along with the increasing demand for waxes and rubbers in the automotive and construction industries is expected to fuel the market demand in the near future. All these pointers are anticipated to propel the global Ortho NitroChloroBenzene (ONCB) market in the estimated period. However, the hazardous environmental effect coupled with the non-operation of production facilities at full capacity is hindering market growth.

In addition, stringent government regulations have hindered the production of nitro chlorobenzene all around the world. Government officials across the globe have begun to address health concerns related to chemicals that have hampered the market growth. On the other hand, the global chemical market is witnessing substantial growth owing to numerous factors such as the development of the world’s largest chemical market –and the availability of new and improved substitutes for traditionally used chemicals leading to environmental concerns is creating opportunities and driving the increase in consumption of the ONCB market at a global scale.

By application segment, the market is divided into dyes and dyestuff intermediates, agrochemical intermediates, rubber chemicals, and others. Among these, the agrochemical intermediates segment headed the market with more than USD 125 million, in 2019 and it is expected to grow over the forecast period owing to its use in agrochemical sectors in the manufacturing of pesticides such as herbicides, insecticides, and fungicides.

By geography, Asia Pacific is expected to be the fastest-growing market for ortho nitro chlorobenzene during the years to come. In 2019, the Asia-pacific held the market with a share of above 60%.

Report Scope

The top key players operating in the market are Jiaxing Zhonghua Chemical Co.Ltd, Anhui Bayi Chemical Industry, SARNA Chemical, Seya Industries, Jiangsu Yangnong Chemical Group Co. Ltd, Aarti Industries Ltd, Liaoning Shixing Pharmaceutical & Chemical Co., Ltd., Kutch Chemical Industries Ltd, Panoli Intermediates, Chirag Organics, Jiangsu Yangnong Chemical Group, CHEMINTEL, and others.

This report segments the ortho nitro chlorobenzene market as follows:

Global Ortho Nitro Chlorobenzene Market: By Application Segmentation Analysis

• Dyes and Dyestuff Intermediates
• Agrochemical Intermediates
• Rubber Chemicals
• Others

Global ortho nitro chlorobenzene Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa

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