Global P-Nitrochlorobenzene (PNCB) Market Study, 2014-2030
Executive Summary : -
P-Nitrochlorobenzene is pale yellow, solid organic compound having molecular formula ClC6H6NO2. It is also known as 4-Chloro-1-nitrobenzene, 4-Chloronitrobenzene, PNCB, and Para-Nitrochlorobenzene. P-Nitrochlorobenzene can be produced by nitration of mono chloro benzene. It is used as an intermediate in the manufacturing of various products including P-Nitroaniline (PNA) and other end use products. The major application of P-Nitrochlorobenzene includes dyes & pigments, pharmaceuticals, agrochemicals, chemicals & polymers and others. Dyes & pigments is the major application of P-Nitrochlorobenzene, followed by pharmaceutical applications. Dyes & pigments accounted for more than 38% of the global P-Nitrochlorobenzene market. Pharmaceutical application followed dyes & pigment application in terms of demand. It is mainly consumed in production of paracetamol, phenacetin & other drugs.
Global P-Nitrochlorobenzene market is mainly driven by Asia-Pacific region owing to strong demand from end use application in China & India. China is major producer as well as consumer of the P-Nitrochlorobenzene and accounts for more than 75% global capacities for P-Nitrochlorobenzene. Indian P-Nitrochlorobenzene market has grown with significant growth rate in two last decades. All the other regions except Asia-Pacific will grow below the average growth rates.
P-Nitrochlorobenzene (PNCB) Application -2019 ( Kilo Tons)
Capacity and Demand Analysis
Historically in 1960 the P-Nitrochlorobenzene production was at its peak in the United States and Western Europe. After 1990 the shift of capacities was towards the Asia-Pacific region mainly to China. The utilization rate in 2019 was around 61%, on account of low operating rates in China.
Anhui Bayi Chemical Industry Co., Ltd. is the major producer of P-Nitrochlorobenzene. Top 5 producers together accounted for a market share of more than 70%. China & India are the only producing countries owing to strict government norms for effluents and environmental concerns in the developed countries. India has potential to grow rapidly in specialty chemicals and many players in specialty chemicals such as Aarti Industries Ltd, Seya Industries, Hemani Group and Bodal chemicals have invested in expanding their existing specialty chemicals production capacities. In last few years, stringent government norms have caused the growth of P-Nitrochlorobenzene and its end-use industries in China to slow down. Some of the companies have reduced operating rate while other companies are already on the urge of closure. If the same trend continues, it will be a great opportunity for India to increase its market share and for other Southeast Asian countries to enter the P-Nitrochlorobenzene market.
Global P-Nitrochlorobenzene (PNCB) Demand Analysis (Kilo Tons)(2014 - 2030)
The global operating rates were around 60% during 2014-2019, mainly as a result of overcapacities in China. The demand for P-Nitrochlorobenzene is expected to be slightly affected in 2020 with market contracting by an average of 11%; however, the demand will recover steadily after 2021.