Nitro Aromatics Market

Nitro Aromatics Market - Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Introduction

Incomplete combustion of fossil fuels or nitration reactions contain nitro-aromatic compounds, which are used as chemical feedstock in the manufacture of explosives, pesticides, herbicides, dyes, pharmaceuticals, and other chemicals. Aromatic nitrocompounds (C6H5NO2) are a class of organic chemicals derived from benzene and its homologues (toluene and xylene), naphthalene, and anthracene by replacing one or more hydrogen atoms with a nitro- group (NO2). Nitro-aromatic compounds is used for manufacturing of textiles, basic chemicals, fertilizers, nitrogen compounds, plastic & rubber in primary forms, dyes & pigments, explosives, basic pharmaceutical products, and gas.

Due to its broad range of uses, nitro-aromatics have been used indiscriminately in the past, resulting in inexorable environmental contamination. Due to this the nitro-aromatics are categorized as recalcitrant and given a hazardous rating of 3. While several traditional pump-and-treat clean-up technologies for removing nitro-aromatics are currently in use, none has proven to be long-term.

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Nitro Aromatics Machine Market: Dynamics

The growing demand for rubber in the automobile sector, the growth of the construction industry in many core areas, the growing demand for fertilisers in the agriculture industry, and urbanisation in developing countries have all had an effect on the nitrobenzene market. The industry is also fueled by the ongoing demand for nitrobenzene, which can be used to replace bio-based chemicals like volatile organic compounds and reduce emissions. The tremendous business growth in the near future is due to increased production in the pharmaceuticals, dyes, fertilizer, and pesticide industries.

The hazardous nature of nitro aromatics is a major factor restraining the market growth. Nitro-aromatics are recognized as recalcitrant and given Hazardous Rating-3. Under favorable conditions, nitro aromatics are flammable, and di- and trinitroderivatives are explosive. Cyanosis is the most common acute health problem associated with aromatic nitro- compounds, and anaemia is the most common residual manifestation. The nitro aromatics business is being held back by rising demand for bio-based chemicals and stringent environmental regulations. Non-residential housing investment in the United States, as well as a recovering construction industry in Europe, are expected to present opportunities for nitro aromatics market in near future.

The growing demand for rubber in the automobile sector, the growth of the construction industry in several core areas, the growing demand for fertilizers in the agriculture industry, and urbanization in developing countries have all had an effect on the nitro aromatics market. The tremendous business growth in the near future is due to increased production in the pharmaceuticals, dyes, fertilizer, and pesticide industries. North America, Asia Pacific, Europe, Middle East and Africa, and Latin America are taking measures to grow the market, and these regions have been identified as the core regions for the production of nitro aromatics, with a consistent upward trend in the market.

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Nitro Aromatics Market: Segmentation

The Nitro Aromatics market can be segmented based on Type, and by Application.

Based on By Type, the prominent segments of Nitro Aromatics are identified as:

  • Nitro Benzene
  • Mono- and dinitrotoluenes
  • Trinitrotoluene (tnt)
  • Tetryl
  • Mononitrochlorobenzenes
  • Nitroanilines
  • Nitrochlorotoluenes
  • Nitronaphthalene
  • Dinitrophenol
  • Picric acid (trinitrophenol)
  • And dinitrocresol
  • Others

Based on the By Application, the prominent segments of Nitro Aromatics are identified as:

  • Explosives
  • Pesticides
  • Fertilizers & herbicides
  • Dyes & pigments
  • Pharmaceuticals
  • Plastics, resins & elastomers
  • Fuel additives

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COVDI-19 crisis impact

The ongoing crisis caused by COVID-19 pandemic has affected all industry verticals resulting in subdued capital investments, retardation of production rate and supply to end procurers. The nitro aromatics market is no exception to this effect and is understood to undertake a significant dent in the planned growth rate in the current fiscal. With regards to the growth trend specific to Nitro Aromatics market, a downturn in growth is expected to have been observed in the 3 quarters of ongoing fiscal. The recovery of Nitro Aromatics towards threshold growth rate is expected to incur over next 4 to 6 quarters which is critically dependent on end user sentiment for new sales and the supporting rules and policies by the regional governments.

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Nitro Aromatics Market: Regional Outlook

Geographically, Asia Pacific is expected to be the largest market for nitro aromatics. The nitro aromatics demand in this area is being driven by the rapid speed of urbanization in developing countries such as China, India, and Bangladesh. The expansion of the agriculture industry in this area has fueled the nitro aromatics sector. The nitro aromatics market in North America is dominated by the United States. In US, the pharmaceutical industry is driving the nitro aromatics market. The European Commission has suggested lowering VOC emissions, which has increased demand for bio-based chemicals, which is expected to boost nitro aromatics industry growth.

Agricultural advances in Asia Pacific are driving up demand for nitro aromatics. In Asia Pacific, China controls the bulk of the nitro aromatics industry. One of the main factors for the nitro aromatics demand in Asia Pacific is the expansion of the construction industry and the rapid speed of urbanization. Due to increased demand for bio-based chemicals and stringent environmental legislation, the nitro aromatics market in the Middle East and Africa is growing. Latin America accounts for a sizable portion of the nitro aromatics industry. In this area, Brazil is one of the major markets for nitro aromatics.

Nitrobenzene To Be The Main Driving Factor For The Market

Nitro aromatics are of various types such as nitro benzene, mono- and dinitrotoluenes, trinitrotoluene (tnt), tetryl, mononitrochlorobenzenes, etc. Nitrobenzene segment has the highest demand in nitro aromatics market. Nitrobenzene is an organic compound that is used in the manufacture of aniline and serves as a precursor for a variety of chemicals and derivatives used in cosmetics, agriculture, pharmaceuticals, and other industrial applications.

Nitrobenzene is a pesticide additive that is used specifically. Nitrobenzene, according to Greenwell Biotech, is expected to boost plant energy and yield, especially in flowering plants. However, owing to the global supply of other pesticide additives, its adoption as a pesticide additive is expected to be gradual.

Nitrobenzene is used in the pharmaceutical industry to make paracetamol, and is the most widely used drug on the planet. However, nitrobenzene is converted to aniline during the paracetamol production process and then used in the medication formulation. Since India and China produce the majority of paracetamol, Asia Pacific is the largest user of aniline and hence nitrobenzene in the pharmaceutical industry.

Analyst Perspective

The global market for Nitro Aromatics is consolidated, with the involvement of various large and small-scale existing players with a prominent market share. These manufacturers are interested in providing end-users with diverse goods and follow varying tactics to remain relevant in this dynamic climate. Companies engaged in manufacturing nitro aromatics continuously indulge in capacity expansion, acquisition, merger, and joint venture with other companies engaged in the production of explosives, pesticides, fertilizers & herbicides, dyes & pigments, and pharmaceuticals. Manufacturers of the product are also indulging in collaborations with market leaders in petrochemical industries to have an unceasing supply of raw material. One of the main factors leading to the growth of the market is the growing demand for pesticides, fertilizers and medicines such as paracetamol. Increasing demand for plastics and elastomers is also expected to boost the market growth.

Nitro Aromatics Market: Market Participants

List of some of the prominent market participants in Nitro Aromatics market are:

  • BASF
  • Huntsman
  • Chemours
  • Wanhua Industrial Group
  • Covestro
  • Connell Chemical Industry
  • Aromsyn
  • SP Chemicals
  • Bann Química Ltd.
  • Nanjing Chemical Industries
  • Shandong Jinling Chemical Co., Ltd
  • The Dow Chemical
  • Tianjin Elong Co.,Ltd
  • Enaex SA
  • Total SA

 “The research report on Nitro Aromatics market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Nitro Aromatics market report also contains projections using a suitable set of assumptions and methodologies. The research report on Nitro Aromatics market provides analysis and information according to market segments such as of Type, and by Application.

The Nitro Aromatics market report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
  • South Asia (India, ASEAN, Rest of South Asia)
  • East Asia (China , Japan, South Korea)
  • Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)
  • Oceania ( Australia, New Zealand)

The Nitro Aromatics market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Nitro Aromatics market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Nitro Aromatics market report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing Nitro Aromatics market dynamics in the industry
  • In-depth Nitro Aromatics market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on Nitro Aromatics market performance
  • Must-have information for Nitro Aromatics market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

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