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2023 Global Nitrobenzene Market Size, Share Analysis, Industry Report And Trends 2032
Nitrobenzene Market Report
Nitrobenzene Market Size, Growth Rate, And Forecast:
The global nitrobenzene market size is expected to grow from $9.76 billion in 2022 to $10.38 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nitrobenzene market is expected to reach $13.00 billion in 2027 at a CAGR of 5.8%.
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Nitrobenzene Market Drivers:
Growing demand from the automotive industry is expected to propel the growth of the nitrobenzene market going forward. The automotive industry encompasses industries involved in the manufacture, wholesale, retailing, and repair of automobiles. The vast majority of nitrobenzene is used to create aniline, which is a precursor to methylene diphenyl diisocyanate (MDI). MDI is also used to make high-performance plastics, urethane polymers such as polyurethane foams and elastomers, rubber chemicals, and other automotive-related products.
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Nitrobenzene Market Segments
•By Form: Liquid, Powder
•By Application: Aniline Production, Pesticide Additive, Synthetic Rubber Manufacturing, Paint Solvent, Other Applications
•By Sales Channel: Direct Company Sale, Direct Import, Distributors And Traders, Retailers
•By End-Use: Construction, Agriculture, Pharmaceutical, Automotive, Other End Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Nitrobenzene market.
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Nitrobenzene Market Key Players:
Major competitors in the nitrobenzene market include Wanhua Chemical Group Co. Ltd., Covestro AG, BASF SE, Huntsman International LLC, Aromsyn Co. Ltd., Bann Quimica Ltd.a, Dow, SP Chemicals Pte. Ltd., Wilbur-Ellis Holdings Inc., Aromsyn Co.Ltd., Shandong Jinling Chemical Co., Chevron Phillips Chemical Company LLC, Sumitomo Chemical Co. Ltd., China Petrochemical Corporation and Chemieorganics Chemical India Pvt. Ltd.
The Business Research Company's "Global Nitrobenzene Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Nitrobenzene Market Include:
1. Executive Summary
2. Nitrobenzene Market Characteristics
3. Nitrobenzene Market Trends And Strategies
4. Nitrobenzene Market - Macro Economic Scenario
5. Nitrobenzene Market Size And Growth
....
26. Africa Nitrobenzene Market
27. Nitrobenzene Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nitrobenzene Market
29. Nitrobenzene Market Future Outlook and Potential Analysis
30. Appendix
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Global Nitrobenzene Prices Q1 2025: Chart, Analysis & Forecast
North America Nitrobenzene Prices Movement Q1:
Nitrobenzene Prices in USA:
In Q1 2025, nitrobenzene prices in the USA reached 1,450 USD/MT in March. Firm demand from aniline and MDI sectors supported prices, while harsh winter weather disrupted production and logistics. Tight benzene availability, caused by refinery fluctuations, added upstream cost pressures, straining supply chains and shaping overall market dynamics.
Get the Real-Time Prices Analysis:
https://www.imarcgroup.com/nitrobenzene-pricing-report/requestsample
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Nitrobenzene Prices, Trends & Forecasts | Provided by Procurement Resource
In Asia, the dawn of 2023 brought about market rejuvenation as downstream industries sparked inquiries and increased production to meet demands, further aided by the Lunar New Year. Nitrobenzene prices surged initially, yet as inventory levels escalated and demands waned, prices slid downwards.
Request for Real-Time Nitrobenzene Prices: https://www.procurementresource.com/resource-center/nitrobenzene-price-trends/pricerequest
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Transparency Market Research delivers key insights on the global nitrobenzene market. In terms of revenue, the global nitrobenzene market is projected to expand at a CAGR of 5.3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global nitrobenzene market.
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