Who are the key players in Nitrobenzene Market?

Covestro AG, Huntsman International LLC., Sumitomo Chemical Co., Ltd., Wanhua and China Petrochemical Corporation (Sinopec) are the major companies operating in the Nitrobenzene Market. Read More

Which is the fastest growing region in Nitrobenzene Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Nitrobenzene Market?

In 2024, the Asia Pacific accounts for the largest market share in Nitrobenzene Market. Read More

What years does this Nitrobenzene Market cover, and what was the market size in 2023?

In 2023, the Nitrobenzene Market size was estimated at 11.61 million tons. The report covers the Nitrobenzene Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nitrobenzene Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Nitrobenzene Market Size

Market Size of Nitrobenzene Industry

Study Period	2019 - 2029
Market Volume (2024)	12.13 Million tons
Market Volume (2029)	14.94 Million tons
CAGR (2024 - 2029)	4.26 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

Nitrobenzene Market Analysis

The Nitrobenzene Market size is estimated at 12.13 Million tons in 2024, and is expected to reach 14.94 Million tons by 2029, growing at a CAGR of 4.26% during the forecast period (2024-2029).

The nitrobenzene market was negatively impacted by COVID-19 in 2020. Considering the pandemic scenario, the decrease in demand for various nitrobenzene derivative-based products negatively impacted the market demand. However, the demand for paracetamol derived from the nitrobenzene derivative aniline increased, stimulating the demand for the nitrobenzene market. Nevertheless, the market started to gain pace in the post-pandemic era and was expected to continue the same trajectory.

Over the medium term, factors such as the increasing demand for nitrobenzene to produce aniline, the easy availability of raw materials used for production, and the growing construction activities in the Asia-Pacific region, which are contributing to significant demand, are expected to drive the market's growth.
On the contrary, the growing demand for bio-based chemicals will likely hinder the market's growth.
Various investments in the construction industry across the globe are likely to act as opportunities for the market studied.
Asia-Pacific dominated the global market, with the largest consumption from countries such as China, India, etc.

Nitrobenzene Industry Segmentation

With the chemical formula C6H5NO2, nitrobenzene is a yellowish, greasy, aromatic nitro compound generated by reacting benzene with concentrated nitric acid and concentrated sulfuric acid. Nitrobenzene is used to make aniline, which can then be used to make polyurethanes and methylene diphenyl diisocyanate (MDI). It is mainly used in various end-user industries, including the construction and automotive sectors. Nitrobenzene and aniline are also used to produce paracetamol, a major product of the pharmaceutical industry.

The Nitrobenzene Market is segmented by application and geography. By application, the market is segmented into aniline production, dyes and pigments, pesticides, intermediates in pharmaceuticals, and other applications (including solvent, explosives, etc). The report also covers the market size and forecasts for the nitrobenzene market in 27 countries across major regions.

For each segment, the market sizing and forecasts have been done based on volume (tons).

Application
		Aniline Production
		Dyes and Pigments
		Pesticides
		Intermediate in Pharmaceuticals
		Other Applications (including Solvent, Explosives, etc.)

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Malaysia
	Thailand
	Indonesia
	Vietnam
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Spain
	NORDIC
	Turkey
	Russia
	Rest of Europe

South America
	Brazil
	Argentina
	Colombia
	Rest of South America

Middle East and Africa
	Saudi Arabia
	South Africa
	Nigeria
	Qatar
	Egypt
	United Arab Emirates
	Rest of Middle East and Africa

Need A Different Region Or Segment?

Customize Now

Nitrobenzene Market Size Summary

The nitrobenzene market is poised for growth over the forecast period, driven by increasing demand for aniline production, which constitutes the majority of nitrobenzene applications. The market experienced a downturn due to the COVID-19 pandemic, but has since rebounded, with the pharmaceutical sector, particularly the production of paracetamol, playing a significant role in this recovery. The Asia-Pacific region, led by countries like China and India, dominates the market in terms of consumption and production, supported by robust construction activities and the expansion of aniline and methylene diphenyl diisocyanate (MDI) manufacturing capacities. These factors, coupled with the region's strategic investments in infrastructure, are expected to sustain the market's growth trajectory.

Despite the positive outlook, the market faces challenges from the rising demand for bio-based chemicals, which could impede growth. However, opportunities abound in the global construction industry, with significant investments in countries like China and India further bolstering demand for nitrobenzene derivatives. The construction sector remains the largest end-user, consuming a substantial portion of global nitrobenzene production, particularly in the form of adhesives, sealants, and polyurethanes. The market is partially consolidated, with key players such as Covestro AG, Huntsman International LLC, and China Petrochemical Corporation (Sinopec) actively participating in the market dynamics. Recent developments, including new production facilities and innovative manufacturing processes, are expected to enhance the market's competitive landscape.

Explore More

Nitrobenzene Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Increasing Demand for Aniline
  2. 1.1.2 Easy Availability of Raw Materials
  3. 1.1.3 Growing Construction Activities in the Asia-Pacific Region
2. 1.2 Restraints
  1. 1.2.1 Growing Demand for Bio-based Chemicals
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Consumers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
5. 1.5 Regulatory Policy Analysis
2. MARKET SEGMENTATION (Market Size in Volume)
1. 2.1 Application
  1. 2.1.1 Aniline Production
  2. 2.1.2 Dyes and Pigments
  3. 2.1.3 Pesticides
  4. 2.1.4 Intermediate in Pharmaceuticals
  5. 2.1.5 Other Applications (including Solvent, Explosives, etc.)
2. 2.2 Geography
  1. 2.2.1 Asia-Pacific
    1. 2.2.1.1 China
    2. 2.2.1.2 India
    3. 2.2.1.3 Japan
    4. 2.2.1.4 South Korea
    5. 2.2.1.5 Malaysia
    6. 2.2.1.6 Thailand
    7. 2.2.1.7 Indonesia
    8. 2.2.1.8 Vietnam
    9. 2.2.1.9 Rest of Asia-Pacific
  2. 2.2.2 North America
    1. 2.2.2.1 United States
    2. 2.2.2.2 Canada
    3. 2.2.2.3 Mexico
  3. 2.2.3 Europe
    1. 2.2.3.1 Germany
    2. 2.2.3.2 United Kingdom
    3. 2.2.3.3 Italy
    4. 2.2.3.4 France
    5. 2.2.3.5 Spain
    6. 2.2.3.6 NORDIC
    7. 2.2.3.7 Turkey
    8. 2.2.3.8 Russia
    9. 2.2.3.9 Rest of Europe
  4. 2.2.4 South America
    1. 2.2.4.1 Brazil
    2. 2.2.4.2 Argentina
    3. 2.2.4.3 Colombia
    4. 2.2.4.4 Rest of South America
  5. 2.2.5 Middle East and Africa
    1. 2.2.5.1 Saudi Arabia
    2. 2.2.5.2 South Africa
    3. 2.2.5.3 Nigeria
    4. 2.2.5.4 Qatar
    5. 2.2.5.5 Egypt
    6. 2.2.5.6 United Arab Emirates
    7. 2.2.5.7 Rest of Middle East and Africa