Chlorobenzene Market - Analysis, Growth by Top Companies, Trends by Types and Forecast to 2022

The global chlorobenzene market was valued at $1,787.3 million in 2015, and it is expected to grow at a CAGR of 5.4% during 2016 - 2022. The factors driving the growth of the global market include large base of end-users, large volume application in chemical industry, and increasing consumption in Asia-Pacific. In addition, the increasing consumption of chlorobenzene in Asia-Pacific is fueling the growth of the global market

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Among the various types of chlorobenzene, the monochlorobenzene segment held the largest share with 71.6% in terms of volume and 67.7% in terms of value in 2015. The paradichlorobenzene segment is anticipated to witness the highest growth (6.7% in terms of value) during 2016 – 2022. The increasing production of polyphenylene sulfide in China, Japan, and the U.S. is fuelling the demand for Paradichlorobenzene.

In 2015, Asia-Pacific held the largest share (79.3% in terms of volume) in the global chlorobenzene market. The region is also anticipated to be the fastest growing market for chlorobenzene, growing at a CAGR of 5.8% in terms of value during the forecast period. 

Among the different applications of chlorobenzene, the nitrochlorobenzene segment held the largest share in the global chlorobenzene market in 2015 in terms of volume as well as value. A large share of monochlorobenzene produced globally is utilized in the manufacturing of nitrochlorobenzene.

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