Chlorobenzene Market Outlook - Supply and Demand Analysis 2024-2032

Chlorobenzene Market

Chlorobenzene is an aromatic organic compound. It is a colourless, flammable liquid with a distinct almond-like odour. This versatile chemical is prepared via the chlorination of benzene in the presence of a catalyst, such as ferric chloride, at high temperatures. Chlorobenzene is widely used as a solvent and as an intermediate in the synthesis of various chemicals. Its applications include the production of pharmaceuticals, pesticides, and rubber processing aids, among others.

Global Supply/Demand Outlook

The global chlorobenzene market stood at a volume of around 760 KT in 2023. The market is estimated to grow at a CAGR of 4.50% between 2024 and 2032 to reach a volume of about 1,080.8 KT by 2032. The market is supported by diverse applications of chlorobenzene and its increasing demand from various industries.

The chlorination of benzene can result in several possible products, but only three of these, namely monochlorobenzene, o-dichlorobenzene, and p-dichlorobenzene have large-volume applications. These three together accounts for more than 95% of the total market for chlorobenzenes. Some other chlorobenzenes that have industrial applications but are not produced on a commercial scale are m-dichlorobenzene, tetrachlorobenzenes, and hexachlorobenzene.

Among the major types of chlorobenzenes, monochlorobenzene dominates the market, accounting for around 50% of the total value. Monochlorobenzene is most widely used in the preparation of nitrochlorobenzene, making it the primary application of the product. Nitrochlorobenzene is further used as an intermediate in the production of dyes and pigments, pharmaceuticals, rubber-processing chemicals, and other organic chemicals.

o-Dichlorobenzene, its other type, in widely used in mainland China and some parts of India for manufacturing pesticides and pharmaceuticals. This chemical intermediate is predominantly used in 3,4-dichloroaniline production in the US, South America, and Western Europe.

Regional Market Analysis

Based on global consumption patterns, the Asia Pacific is the leading market, accounting for nearly 87% market share. Within the region, China is a key market with an estimated 64% share. In Japan, the market expansion is the result of the growing demand for polyphenylene sulfide resin and the increased use of chlorobenzene (o-dichlorobenzene in particular) as an herbicide intermediate, enhancing the role of Japan in driving the regional demand.

Key Market Players

Some of the major players operating in the global chlorobenzene market include Beckmann-Kenko GmbH, Jiangsu Yangnong Chemicals Group Co., Ltd., Meryer (Shanghai) Chemical Technology Co., Ltd., J&K Scientific Ltd, China Petrochemical Corporation, Kureha Corporation, Applichem GmbH, and Chemada Fine Chemicals.

Key Questions Answered in the Report:

• What are the high-growth opportunities and markets for chlorobenzene by application and region?

• What are the types of chlorobenzenes available by region?

• Which segments and regions are projected to grow at a faster pace and why in the chlorobenzene market?

• What is the nameplate capacity of chlorobenzene by region from 2018 to 2032?

• How does the plant capacity utilisation of chlorobenzene vary by region between 2018 and 2032?

• Who are the major players in the chlorobenzene market by capacity and region?

• What major plant shutdowns and expansions have occurred in the chlorobenzene market in the last year and the last quarter?

• What major plant shutdowns and expansions are planned in the chlorobenzene market over the next year and quarters?

• How did export and import dynamics of chlorobenzene vary by region in terms of value between 2018 and 2023?

• How did export and import dynamics of chlorobenzene vary by region in terms of volume between 2018 and 2023?

• What impacts have shutdowns, force majeure events, and plant closures had on demand and pricing of chlorobenzene?

• What are the environmental considerations and regulatory impacts affecting the chlorobenzene market?

• What technological innovations are having an impact on the production and application of chlorobenzene?

• What are the key trends and innovations in the chlorobenzene market?

• What are the challenges and opportunities faced by chlorobenzene manufacturers?

• What are the potential risks and barriers to entry for new players in the chlorobenzene market?

• What strategic investments and expansions have major players made in the chlorobenzene market?

• How are geopolitical factors and international trade policies affecting the global chlorobenzene market?

• What are the price trends for chlorobenzene, and how are they expected to change?

• How does the supply chain of chlorobenzene operate, and what are its key components?