Nitrobenzene Market Analysis, Status and Business Outlook 2021 to 2026

The market for nitrobenzene is expected to grow at a CAGR of more than 3.5% during the forecast period.The Global Nitrobenzene Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.

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Key Market Players: BASF SE, The Chemours Company, Covestro AG, Huntsman International LLC, and Wanhua Chemical Group Co.,Ltd and Other

Key Market Trends

Increasing Demand for Aniline Production

- Aniline production accounts for the largest share of the application, accounting for more than 90% of the share. It is majorly produced by the catalytic hydrogenation of Nitrobenzene. The root pertaining to the production of the nitrobenzene by phenyl amination is no longer employed. Mitsui in Chiba, Japan was the last to close their plant in 2009 due to poor economics.
- The aniline produced through the process indirectly finds application in several end users, including construction and automotive. The MDI produced through aniline acts as a major precursor for polymers used in the construction industry. Polyurethane foams produced from MDI acts as one of the major components in the construction both in its flexible and rigid form.
- The major players involved in the production of nitrobenzene including BASF SE, Huntsman Corporation and Covestro AG are vertically integrated, indicating their domination in the manufacturing process of aniline and MDI.
- All the aforementioned factors are likely to increase the demand for nitrobenzene over the forecast period.

Germany to Dominate in Europe Region

- Germany is among the leading producers of aniline in the European region.
- Since, ~90% of the nitrobenzene is used as a precursor to aniline. The demand for aniline is continuously increasing due to the consumption of MDI. The companies like BASF, and Covestro have MDI plants in the country.
- These companies are vertically integrated i.e. they produce nitrobenzene, aniline and MDI itself.
- The construction industry has seen significant growth which has led to increase in demand for aniline and in turn increase the demand for MDI. This will add up to the demand for aniline and nitrobenzene.
- The pharmaceutical industry in Germany is the largest in Europe and fourth largest in the world with around 13.5%share.
- The country counts among top 5 pharmaceutical production locations across the globe
- The country is also the largest manufacturer of paints, coatings, dyes, inks & pigments in Europe with more than 300 companies.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Nitrobenzene market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Nitrobenzene market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Nitrobenzene market.

Market Segments: This part of the report discusses product type and application segments of the global Nitrobenzene market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Nitrobenzene used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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