Chlorobenzene Market - Forecast(2024 - 2030)

Report Code: CMR 1002 Report Format: PDF + Excel

Chlorobenzene Market Overview

Chlorobenzene Market size is expected to be valued at US$3,328.9 million by the end of the year 2027 and the Chlorobenzene industry is set to grow at a CAGR of 5.8% during the forecast period from 2022-2027. Chlorobenzene, also called as phenyl chloride or benzene chloride, is an aromatic organic compound, usually produced by ferric chloride, sulfur chloride, and anhydrous aluminum chloride. Chlorobenzene is used as intermediaries in production of chemical-based products such as pigments, dyes, herbicides, pesticide, degreasing agents and others. It is also used as solvents in the manufacture of oil cleaners, adhesives, waxes, paints, paint removers, polishes and others. Polyphenylene sulfide (PPS), a semi-crystalline polymer manufactured by chlorobenzene, is widely used in the textile industry for coatings and fabric, due to its high resistance to temperature, thermal shock and chemicals. Chlorobenzene is also used in dichlorodiphenyltrichloroethane which is used for producing agrochemicals. The increasing application in various end-use industries like pharmaceutical, textile, agriculture, proteomics research and others is highly driving the Chlorobenzene market.

COVID-19 impact

Amid the Covid-19 pandemic, the chlorobenzene market saw a considerable amount of growth due to the increase in demand from the pharmaceutical industry. Chlorobenzene is used is an active pharmaceutical ingredient used in the manufacture of various medicines. The demand for chlorobenzene however decreased from the other end-use industries such as textile industry, agriculture industry, paints and coating industries and others, due to the economic restrictions around the globe. Although the demand from many key-use industries decreased, the demand from the pharmaceutical industry boosted the sales of chlorobenzene during the year 2020. The chlorobenzene market is also estimated to gradually grow during the year 2021.

Report Coverage

The report: “Chlorobenzene Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Chlorobenzene Industry.

By Type: Monochlorobenzene, Paradichlorobenzene, Orthodichlorobenzene, m-dichlorobenzene, Hexachlorobenzene and Others.
By Grade: Industrial Grade, Technical Grade and Pharmaceutical Grade.
By Application: Polymers and Resins, Deodorants and sprays, Adhesives and Sealants, Waxes, Cosmetics, Rubber, Pesticide, Pigments, Ink and Dyes, Solvents, Plastics, Perfumes and Others.
By End-Use Industry: Paints and Coatings, Textile Industry, Pharmaceutical Industry, Agriculture Industry, Healthcare and Medical Industry, Personal Care and Others.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe), APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia), South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and RoW (Middle East and Africa).

Key Takeaways

  • Asia-Pacific market held the largest share in the chlorobenzene market owing to the increase in demand from various key-use industries such as agriculture industry textile industry and pharmaceutical industry in countries like China, Japan and India.
  • The increase in the demand from the pharmaceutical industry, especially during the Covid-19 pandemic has led to the hike in the production and sales of Chlorobenzene
  • The increasing application of chlorobenzene in the textile industry for dyes and pigments is one of the significant factors driving the growth of the Chlorobenzene market.
  • Amid the Covid-19 pandemic, the Chlorobenzene market witnessed a considerable amount of growth owing to the increase in the use of chlorobenzene in the production of medicines.

FIGURE: Chlorobenzene Market Revenue, 2021-2027 (US$ Million)Chlorobenzene Market

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Chlorobenzene Market Segment Analysis – By Type

Monochlorobenzene held the largest share of 34% in the Chlorobenzene market in the year 2021. The increase in demand for monochlorobenzene can be attributed to the increasing demand from the manufacture of diphenyl oxide and nitrochlorobenzene, which has a wide range of applications such as chemicals in rubber processing, pesticide, resins dyes and pigment intermediates among others. Monochlorobenzene is also used in specialty chemicals and further used for various applications such as ether & phenylphenols, Sulfone polymers nitrochlorobenzene, Diphenol and Solvents. The increase in year-on-year growth of industries such as pesticide and pharmaceutical industry is driving the Monochlorobenzene segment in the Chlorobenzene market.

Chlorobenzene Market Segment Analysis – By Grade

Industrial grade segment held the largest share of 45% in the Chlorobenzene market in the year 2021. Industrial grade is used in various key-use industries such as dyes, pigments, specialty chemicals, pesticide, herbicides and others. This is highly driving the industrial grade chlorobenzene. Industrial grade chlorobenzene is used as solvents in various industrial applications such as paints, coatings, adhesives, sealants, polishes, waxes and other such industrial products. The growth of end-use industries using such applications is one of the significant factors driving the Chlorobenzene market. 

 Chlorobenzene Market Segment Analysis – By Application

Solvents segment held the largest share of 30% in the Chlorobenzene market in the year 2021. Solvents are extensively used in the production of pesticide formulations, adhesives, sealants, polishes, paints, abrasives coatings and others. Cholorobenzene has high boiling temperature and gets easily evaporated in air without leaving behind any trace, and is used as intermediaries in the production of various chemicals. It can also be used for degreasing automobile parts. This is highly driving the use of cholorobenzene in the solvents segments, which is further increasing the growth of solvents in the cholorobenzene market.

Chlorobenzene Market Segment Analysis – By End-Use Industry

Pharmaceutical industry held the largest share growing at a CAGR of 10.7% in the Chlorobenzene market in the year 2021. The increasing use of cholorobenzene as Active Pharmaceutical Ingredients in the pharmaceutical industry is one of the significant factors driving the use of cholorobenzene in the pharmaceutical sector. Furthermore, cholorobenzene is also used as an antioxidant gum additive in the pharmaceutical sector and in proteomics research. According to preclinical, a healthcare related service provider, the global pharmaceutical industry will grow by 29% to reach a market value of US$1.43 billion in the year 2020. This is majorly driving the pharmaceutical industry segment in the cholorobenzene market, as cholorobenzene is extensively used in the production of various medicines and other specialty chemicals used in the pharmaceutical industry.

Chlorobenzene Market Segment Analysis – By Geography

Asia-Pacific region held the largest share of 41% in the Chlorobenzene market in the year 2021. The rapid growth in the population in countries like India and China coupled with the countries’ high dependence on agriculture, which eventually results in high demand for pesticide and herbicides is highly driving the cholorobenzene market. Furthermore, the presence of various major industry players in the region is contributing to the growth of the cholorobenzene industry in APAC. The vast base of end-user industries such as pharmaceuticals, dyes & pigments, pesticide and other organic chemicals is one of the significant factors driving the chlorobenzene market. The pharmaceutical industry in the APAC region, especially in India is one of the major factors driving the chlorobenzene market in the region. India is the third largest producer of pharmaceuticals across the globe and has the maximum number of FDA approved plants outside of the United States. According to IBEF, the pharmaceutical industry in India is estimated to be around US$41 billion by the end of 2021. Furthermore, the investments in the pharmaceutical industry in India stood at USS17.5 billion in the year 2020 and the Indian government further announced an incentive scheme in February 2021 which will attract investments of US$2.07 billion into the sector. This will majorly impact the cholorobenzene market in the region.

Chlorobenzene Market Drivers

  • Increase in the demand from textile industry

The increase in demand for cholorobenzene in textile industry for the production of dyes and pigments is highly driving the cholorobenzene market. Cholorobenzene is used in the manufacture of dyes, inks, paint removers and pigments used in the fibre of the textile clothing. The growing textile industry across the globe is majorly impacting the growth of the cholorobenzene market in a positive way. For an instance, according to Euratex, the European apparel and textile confederation, the turnover of the European textile industry in the year 2019 was valued at US$181.99 billion and the exports of textile industry was valued at US$61 billion in the year 2019, an increase of 4.8% from the previous year. Furthermore, according to India Brand Equity Foundation (IBEF), the Indian textile industry contributed 7% to the industry output in the year 2019 and attracted an investment of US$1.44 billion under production linked incentive scheme for manmade fibre and technical textiles during the year 2020. This will drive the cholorobenzene market. 

  • Increasing application in the Rubber Industry

The increasing demand for cholorobenzene from the rubber industry is one of the significant factors driving the cholorobenzene market. Cholorobenzene is used in chemicals for manufacturing diphenyl oxide and nitrochlorobenzene, which has wide applications in the production of rubber, polymers, resins and others. According to The Rubber Economist Ltd, the consumption of synthetic rubber in the year stood at 15,187,000 tonnes in the year 2019, an increase of 52.7% from the previous. The increase in the consumption and production of rubber is highly driving the cholorobenzene market, as cholorobenzene is used in the production of rubber and related products.

Chlorobenzene Market Challenges

  • Health related Issues from the Usage of Cholorobenzene

The detrimental effects associated with the usage of cholorobenzene such as hyperesthesia, muscle spasms, numbness and cyanosis. According to Environmental Protection Agency of the US government, cholorobenzene has both acute and chronic effects on human. Exposure to cholorobenzene causes side effects such as headaches and irritations. Chronic exposure of cholorobenzene in human is dangerous and detrimental to human health. This is one of the major challenges faced by the cholorobenzene market.

Chlorobenzene Market Industry Outlook

Facility expansion, production expansion, collaborations, partnerships, investments, acquisitions and mergers are some of the key strategies adopted by players in the Chlorobenzene Market. Major players in the Chlorobenzene Market are

  1. Beckmann-Kenko GmbH
  2. Applichem GmbH
  3. Lanxess
  4. Tianjin Bohai Chemical Industries
  5. China Petrochemical Corporation
  6. J&K Scientific Ltd
  7. Jiangsu Yangnong Chemicals Group Co Ltd.
  8. Meryer (Shanghai) Chemical Technology Co. Ltd.
  9. PPG Industries, Inc.
  10. Chemada Fine Chemicals
  11. Kureha Corporation among others.

Recent Developments 

On 3 February 2020, PPG Industries, Inc. acquired ICR, manufacturer of paints & coatings, putties, primers, basecoats, clear coats and others, the main product of raw material for these products being Chlorobenzene.

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1. Chlorobenzene Market- Market Overview
    1.1 Definitions and Scope
2. Chlorobenzene Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Grade
    2.3 Key Trends by Application
    2.4 Key Trends by End-Use Industry
    2.5 Key Trends by Geography
3. Chlorobenzene Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Company Benchmarking- Major Companies
    3.3 Product Benchmarking- Major Companies
    3.4 Top 5 Financials Analysis
    3.5 Patent Analysis- Major Companies
    3.6 Pricing Analysis (ASPs will be provided)
4. Chlorobenzene Market - Startup companies Scenario Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Chlorobenzene Market – Industry Market Entry Scenario Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Chlorobenzene Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Chlorobenzene Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Chlorobenzene Market – By Type (Market Size -$Million/Billion)
    8.1 Monochlorobenzene
    8.2 Paradichlorobenzene
    8.3 Orthodichlorobenzene
    8.4 m-dichlorobenzene
    8.5 Hexachlorobenzene
    8.6 Others
9. Chlorobenzene Market – By Grade (Market Size -$Million/Billion)
    9.1 Industrial Grade
    9.2 Technical Grade
    9.3 Pharmaceutical Grade
10. Chlorobenzene Market – By Application (Market Size -$Million/Billion)
    10.1 Polymers and Resins
    10.2 Deodorants and sprays
    10.3 Adhesives and Sealants
    10.4 Waxes
    10.5 Cosmetics
    10.6 Rubber
    10.7 Pesticides
    10.8 Pigments
    10.9 Ink and Dyes
    10.10 Solvents
    10.11 Plastics
    10.12 Perfumes
    10.13 Others
11. Chlorobenzene Market - By End-Use Industry (Market Size -$Million/Billion)
    11.1 Paints and Coatings
    11.2 Textile Industry
    11.3 Pharmaceutical Industry
    11.4 Agriculture Industry
    11.5 Healthcare and Medical Industry
    11.6 Personal Care
    11.7 Others
12. Chlorobenzene Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlandx
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zealand
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
   Saudi Arabia
   Rest of the Middle East
        12.5.2 Africa
   South Africa
   Rest of Africa
13. Chlorobenzene Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Chlorobenzene Market – Industry/Segment Competition Landscape 
    14.1 Market Share at Global Level - Major companies
    14.2 Market Share by Key Region - Major companies
    14.3 Market Share by Key Country - Major companies
    14.4 Market Share by Key Application - Major companies
    14.5 Market Share by Key Product Type/Product category - Major companies
15. Chlorobenzene Market – Key Company List by Country Premium 
16. Chlorobenzene Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"