Chemicals Industry Today
Nitrobenzene Market Growth Forecast 2025–2035: Industry Value to Increase from USD 4.81 Billion to USD 6.278 Billion
The Nitrobenzene Market was valued at USD 4.683 Billion in 2024 and is expected to rise from USD 4.81 Billion in 2025 to USD 6.278 Billion by 2035, registering a CAGR of 2.7% over the 2025–2035 forecast period. Nitrobenzene is an aromatic compound used primarily to manufacture aniline, a precursor for polyurethane, dyes, and rubber chemicals. Industrial demand, especially in the automotive and construction sectors, drives global market growth.
Key Drivers of Market Growth:
- Aniline Production: Increasing demand for polyurethane and elastomers.
- Dye Industry: Nitrobenzene is critical in textile and pigment production.
- Industrial Expansion: Growing construction, automotive, and chemical sectors.
Types:
- Industrial Grade: Used in manufacturing aniline and chemicals.
- Technical Grade: Applied in limited industrial applications requiring specific purity.
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Regional Insights:
Asia-Pacific dominates due to robust chemical manufacturing in China, India, and Japan. North America and Europe maintain steady demand driven by automotive and construction industries.
Major Players
BASF SE (DE), Huntsman Corporation (US), Anhui Aokai Chemical (CN), Nippon Steel Chemical & Material Co., Ltd. (JP), SABIC (SA), Eastman Chemical Company (US), Tosoh Corporation (JP), Shandong Jinling Chemical (CN)
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Future Outlook:
The market is expected to grow steadily, with opportunities in environmentally compliant nitrobenzene production and expansion in emerging economies.
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