Chlorobenzene Market Summary
As per MRFR Analysis, the Global Chlorobenzene Market is projected to be valued at USD 3,146.50 million, with a CAGR of 5.7% during the forecast period. Chlorobenzene serves as a chemical intermediate, solvent, and degreasing agent, primarily utilized in the production of rubber, adhesives, and cosmetics. The increasing demand for natural beauty products, particularly in the Asia-Pacific and Middle East & Africa regions, is expected to drive market growth. The rise in the geriatric population and consumer awareness regarding healthcare is further augmenting the demand for personal care products. Key players in the market include Aarti Industries Limited, Chemieorganics Chemical India Pvt. Ltd, and China Petroleum & Chemical Corporation, among others.
Key Market Trends & Highlights
The chlorobenzene market is witnessing significant growth driven by various factors.
- Asia-Pacific is expected to be the fastest-growing regional market due to high demand for cosmetics and polymers.
- China accounted for nearly 37% of the Asia-Pacific cosmetics market revenue in 2017, with a projected CAGR of 6.55%.
- The chemical segment is estimated to be the fastest-growing due to increased adoption in agrochemical production.
- The US market is experiencing rising demand for chlorobenzene as a medical intermediary due to chronic disease prevalence.
Market Size & Forecast
Market Size: USD 3,146.50 million
Projected CAGR: 5.7%
Fastest Growing Region: Asia-Pacific
Key Application Growth: Chemical segment.
Major Players
Aarti Industries Limited, Chemieorganics Chemical India Pvt. Ltd, China Petroleum & Chemical Corporation, LANXESS, Kureha Corporation, Seya Industries Ltd, Panoli Intermediates India Private Limited, J&K Scientific Ltd, Jiaxing Zhonghua Chemical Co.LTD, Meryer (Shanghai) Chemical Technology Co., Ltd.
In cosmetic products, chlorobenzene dissolves with other substances and is an organic chemical which is positively influencing its application in natural-based beauty products. The growing beauty and personal care markets in Asia-Pacific and the Middle East & Africa is expected to create significant demand for natural beauty products. The ASEAN Cosmetics Association, Inc (ACA), reported that China accounted for nearly 37% of revenue generated in the Asia-Pacific cosmetics & personal care ingredients market by 2017 and is estimated to exhibit a significant CAGR of around 6.55% over the assessment period due to the various factors such as rapid urbanization, rise in per capita disposable income, and changing lifestyles.
Chlorobenzene is used as a solvent for manufacturing rubber, adhesive, and paints. Rubber is used in the manufacturing of many industrial and consumer products such as gloves, tires, hoses, belts, and cables. Thus, the rising demand for rubber in the manufacturing of tires, cosmetics, and medical applications is expected to drive the chlorobenzene industry.
The growing geriatric population across the globe is expected to increase the adoption of cosmetic and skincare products, which in turn is likely to raise the demand for cosmetics & personal care products across the globe. The increasing number of skin diseases and growing consumer awareness regarding healthcare is estimated to augment the demand for personal care and cosmetic ingredients. Thus, the growth of the cosmetic industry in the developing regions is estimated to offer lucrative opportunities for the producers of chlorobenzene as an organic chemical solvent.
Key Players
Some of the prominent players in the global chlorobenzene market are Aarti Industries Limited (India), Chemieorganics Chemical India Pvt. Ltd (India), China Petroleum & Chemical Corporation (China), LANXESS (Germany), Kureha Corporation (Japan), Seya Industries Ltd (India), Panoli Intermediates India Private Limited (India), J&K Scientific Ltd (India)., Jiaxing Zhonghua Chemical Co.LTD (China), and Meryer (Shanghai) Chemical Technology Co., Ltd (China), among others
Global Chlorobenzene Market Share, by Application, 2018 (%) ย 
Source: MRFR Analysis
Regional Analysis
Asia-Pacific is expected to be the fastest-growing regional market owing to the high demand for cosmetics, textiles, chemical, and polymer products in countries such as China, South Korea, India, and Japan. In addition, the region is witnessing exponential growth in the manufacturing and construction industries on account of economic development, which is likely to propel the demand for chlorobenzene in various applications. The North America market is witnessing high demand for chemical-based products, which is expected to boost the demand for chlorobenzene in the region. In the US, the use of chlorobenzene as a medical intermediary in the pharmaceutical industry is growing due to the rise the prevalence of chronic diseases.
The growth of the European market is primarily driven by the growing preference for polymers over metals in the automotive and aerospace industries. Moreover, the high demand for chlorobenzene as an intermediate for producing pharmaceuticals is projected to boost the regional market growth during the review period. According to PlasticsEurope, one of the leading European trade associations, global polymer production increased from 322 million tons in 2015 to 335 million tons in 2016. Further, polymer production in Europe increased from 63.93 million tons in 2015 to 70.54 million tons in 2017. The rise in the demand for polymers in numerous applications such as packaging, building and construction, electronic appliances, and automobile parts is also the major factor driving the growth of the European market during the forecast period.
Market Segmentation
The global chlorobenzene market has been segmented on the basis of type, application, and region. Based on type, the global chlorobenzene market has been segregated into monochlorobenzene, o-dichlorobenzene, p-dichlorobenzene, dichlorobenzene, tetrachlorobenzenes, trichlorobenzenes, hexachlorobenzene, and others. The monochlorobenzene segment is expected to register healthy growth owing to its increasing use in polymer production. By application, the global market has been divided into rubber & polymer, cosmetics, textiles, pharmaceuticals, chemical, and others. The chemical segment is estimated to be the fastest-growing segment due to the increasing adoption of chlorobenzene in the production of agrochemicals.
Intended Audience
- Chlorobenzene manufacturers
- Traders and distributors of chlorobenzene
- Research and development institutes
- Nationalized laboratories
Report Attribute/Metric |
Details |
ย ย Market Size |
2030: USD 3,146.50 Million |
ย ย CAGR |
5.7% (2022-2030) |
ย ย Base Year |
ย ย 2023 |
ย ย Forecast Period |
2022-2030 |
ย ย Historical Data |
ย ย 2019ย &ย 2020 |
ย ย Forecast Units |
ย ย Value (USD Million) |
ย ย Report Coverage |
ย ย Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
ย ย Segments Covered |
ย ย Type, application, and region |
ย ย Geographies Covered |
ย ย North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
ย ย Key Vendors |
ย ย Aarti Industries Limited (India), Chemieorganics Chemical India Pvt. Ltd (India), China Petroleum & Chemical Corporation (China), LANXESS (Germany), Kureha Corporation (Japan), Seya Industries Ltd (India), Panoli Intermediates India Private Limited (India), J&K Scientific Ltd (India)., Jiaxing Zhonghua Chemical Co.LTD (China), and Meryer (Shanghai) Chemical Technology Co., Ltd (China) |
ย ย Key Market Opportunities |
ย ย The growing geriatric population across the globe is expected to increase the adoption of cosmetic and skincare products, |
ย ย Key Market Drivers |
ย ย The rising demand for rubber in the manufacturing of tires, cosmetics, and medical applications is expected to drive the chlorobenzene industry. |
Chlorobenzene Market Highlights:
Frequently Asked Questions (FAQ) :
The chlorobenzene market is projected to grow at a 5.7% CAGR between 2024-2032.
The chlorobenzene market is predicted to touch USD 3,146.50 million by 2030.
The APAC region is expected to command the largest share in the chlorobenzene market.
It has wide applications in rubber and polymer, chemicals, pharmaceuticals, cosmetics, and others.
Growing agricultural industry and increasing use in the automotive industry is boosting market growth.