Global Nitrochlorobenzene Market, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2015 To 2022

Global nitrochlorobenzene market is expected to grow positively over the forecast period on account of huge nitrochlorobenzene demand from diverse end use industries such as coatings, dyes, paints and fertilizers. It is a versatile organic chemical compound manufactured by benzene nitration using sulfuric & nitric acid mixtures. For chemical production along with coating & paints, pharmaceuticals and agriculture related chemical derivatives, nitrochlorobenzene is used as precursor and process intermediate. High growth in nitrochlorobenzene use is expected in construction and automotive industries over the forecast period on account of waxes and rubber application growth. In addition to above mentioned factor, growing global agriculture related activities are also expected to propel global nitrochlorobenzene market over the forecast period. Continuous environmental awareness activities coupled with stringent environment regulations are expected to augment bio-based fertilizer demand across the globe which in turn is expected to establish as key market restraint over the forecast period.

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Global market is segmented on the basis of product which is categorized as para, meta and ortho nitrochlorobenzene. Rust protection concerns in different manufacturing industries are expected to positively influence ortho nitrochlorobenzene demand as they are used in corrosion inhibitors production whereas para is majorly used for insecticide, sulfur based photo chemical dyes and rubber chemicals intermediates.

Over the forecast period, Asia Pacific is expected to be the fastest and largest growing nitrochlorobenzene market owing to increasing agriculture related activities and chemical industry developments. China and India are expected to be the major countries contributing in market growth. Raw materials availability in China coupled with low production cost followed by growing dyes, chemical, pesticides, rubber and pharmaceutical industries are some factors expected to drive regional market growth over the forecast period. Budding construction industries in India on account of various government infrastructure development plans are expected to develop nitrochlorobenzene demand in the country. In addition, National Chemical Policy framed by Indian government in order to increase chemical output is also expected to contribute in the country market growth over the forecast period. North America and Europe is expected to witness moderate market growth over the forecast period.

Global nitrochlorobenzene market is highly fragmented with major industry participants including Mitsubishi Chemical, Toray Industries, BASF, Monsanto and Evonik Industries, Dow Chemical, Mitsui Chemicals, Eastman Chemical Company and AkzoNobel.

Global Nitrochlorobenzene Market

Information Source: Grand View Research

Global Sulfur Chemicals Market, Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2015 To 2022

Global sulfur chemicals market is expected to grow at a substantial rate over the forecast period on account of increasing demand from food industry. Food industry extensively uses sulfur as a food preservative owing to its anti-oxidant property, which reduces the bacterial content in food. Increasing sulfur dioxide utility in wine industry for lengthening wine preservation process is anticipated to complement the global sulfur chemicals demand. Sulfur chemicals excellent oxidizing property makes it an indispensible medicine for curing fungal, bacterial and skin related diseases. Hence, increasing sulfur demand in pharmaceutical industry is projected to be a key factor driving sulfur chemicals market growth over the forecast period. Sulfur provides extra nourishment to fertilizers, owing to insolvency of calcium sulfate in water that prevents absorption by plants, which may boost product demand over the forecast period. Moreover, growing sulfur utility in agriculture industry for manufacturing fertilizers is expected to further drive the global sulfur chemicals market in the upcoming years. Growing consumer awareness for cleanliness coupled with increasing sulfur utilization as an anti-bacterial agent in detergents are predicted to have a positive impact on sulfur chemicals market. Sulfur chemicals have widely been used in oil & gas industry during oil refining process. This trend is expected to augment sulfur chemicals market growth over the forecast period. Additionally, rising sulfur application in construction industry for plaster production is further predicted to drive global market demand.

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However, sulfuric acid reaction with the atmosphere leads to acid rains and causes respiratory & health hazards. This can be a major factor restraining sulfur chemicals market growth over the forecast horizon.

Asia Pacific is expected to emerge as a major player in regional market with highest sulfur chemicals demand in by China, India, Malaysia and Indonesia. Rapid industrialization coupled with increasing disposable income in emerging economies such as China and India is anticipated to drive Asia Pacific sulfur chemicals market growth over the forecast period. North America sulfur chemicals market is projected to witness significant growth in the upcoming years owing to increasing fertilizer consumption in the region. Middle East, Africa and Latin America are predicted to observe increasing sulfur chemicals demand over the forecast horizon.

Key players operating in sulfur chemicals market includes Indian Oil Corporation Limited, Eastman Chemical Company, Valero, Hydrite Chemical Company and Georgia Gulf Sulfur Corporation.

Global Sulfur Chemicals Market

Information Source: Grand View Research