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At A CAGR of 3.8%, Benzotrifluoride Worldwide Market Is Expected To Garner USD 537.5 Million by the End of 2027

11-08-2019 06:48 AM CET | Industry, Real Estate & Construction

Press release from: Kenneth Research

Benzotrifluoride Worldwide Market Outlook 2018-2027 by Manufacturers, Production, and Consumption with Revenue

Benzotrifluoride Worldwide Market Outlook 2018-2027 by Manufacturers, Production, and Consumption with Revenue

The global benzotrifluoride market reached USD 382.5 Million in 2018 by registering a CAGR of 3.8% across the globe. Additionally, the market is expected to garner USD 537.5 Million by the end of 2027.

The global demand for benzotrifluoride is increasing on the back of rapid industrialization across the globe. Further, increasing discoveries of new applications of benzotrifluoride and its derivatives in expanding end-user industries is majorly driving the benzotrifluoride market over the forecast period.

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Leading Players of Global Market

Mitsubishi International, Navin Fluorine International Ltd., Zhejiang Weihua Chemical Co. and TCI Co., Ltd. are some of the prominent players of benzotrifluoride market.

Asia Pacific is slated to account for a share of 40.6% in 2018 in the benzotrifluoride market. The growth in the region can be attributed to growing chemical and coatings industry. Increasing adoption of pesticides is also expected to impel the growth of benzotrifluoride market in Asia Pacific. China is the prominent market driving the growth in the region.
Additionally, China benzotrifluoride market reached USD 61.2 Million in 2018 and is expected to reach USD 91.3 Million by the end of 2027, expanding at a CAGR of 4.7% over the forecast period i.e. 2020-2027.

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The European market is expected to expand at CAGR of 3.1% during the forecast period of 2020-2027. Europe benzotrifluoride market is projected to reach to a valuation of USD 153.1 Million by the end of 2027 from USD 107.9 Million in 2018. Germany is the major country driving the growth of the market in the region.

Germany accounted for 27.1% market share in Europe benzotrifluoride market in the year 2018. Moreover, Germany benzotrifluoride market is expected to grow at a CAGR of 4.6% over the forecast period.

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About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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https://www.marketwatch.com/press-release/at-a-cagr-of-38-benzotrifluoride-worldwide-market-is-expected-to-garner-usd-5375-million-by-the-end-of-2027-2019-11-07

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