Nitrobenzene is an aromatic compound
which is vastly used in the production of aniline and in the
manufacturing of numerous derivatives in the agriculture, cosmetics, and
 other different types of industrial applications where nitrobenzene
acts as a precursor. As a chemical, nitrobenzene is also employed in the
 process of manufacturing synthetic rubber, pesticides, and lubrication
oil. The market is expanding day by day due to its core applications and
 end-user industry. Robust development in the agricultural industry and
the developing economies are few of the core drivers for the
nitrobenzene market growth. The chemical has been considered as a core
compound in the manufacturing of polyurethane foam which is used in the
construction industries. By using the products present in the market,
the consumers aid in the market growth.

The nitrobenzene market
 has been influenced by a number of factors such as the increasing
demand for rubber in the automotive industry, the expansion of the
construction industry across many core regions, the rising demand for
fertilizers in the agricultural industry, and urbanization in developing
 countries. The market is further driven by the constant demand for
nitrobenzene which can replace bio-based chemicals such as volatile
organic compounds and help in decreasing its emission. Increasing
development in pharmaceuticals, dyes, chemical, and pesticide industries
 are responsible for the enormous market growth in the near future. A
few factors might be responsible for obstructing the market growth such
as strict environment regulations and the increasing demand for
bio-based chemicals. North America, Asia Pacific, Europe, MEA and Latin
America are taking steps for expanding the market size and these regions
 have been considered as the core regions for the manufacturing of
nitrobenzene where continuous uplifting of the market has also been
noticed.

Nitrobenzene is a kind of organic
compound which is used in the manufacturing of aniline and acts as a
predecessor for the production of chemicals and numerous derivatives in
cosmetics, agriculture, pharmaceuticals, and other types of industrial
applications. It is also used as a chemical to manufacture pesticides,
synthetic rubber, and lubrication oil. Rising demand for rubber in the
automotive industry is likely to fuel the growth of the nitrobenzene
market over the forecast period. Expansion of the construction industry
is one of the key factors likely to drive the nitrobenzene market over
the forecast period. Rapid urbanization in developing economies such as
China and India among others has led to the growth of the construction
industry, which has been one of the dominant factors driving the
nitrobenzene market. Growth of the agriculture industry coupled with the
 mounting demand for fertilizers is driving the nitrobenzene market
globally. Rise in the demand for bio-based chemicals and strict
environment regulations are restraining the nitrobenzene market from
expansion. Availability of cheap labor and low cost of raw materials in
China is expected to drive the nitrobenzene market in this region.

The nitrobenzene market has been
segmented on the basis of application and end-user. On the basis of
application, the nitrobenzene market is segregated into pesticides,
lubricating oil, aniline production, and synthetic rubber. Aniline
production was the most dominant segment in 2015 and it is expected to
remain so over the forecast period. On the basis of end-user, the market
 is segregated into pharmaceuticals, agriculture, and industrial
applications. Agriculture registered the most dominant share in the
nitrobenzene market in 2015 and is likely to retain its position over
the years to come.

Request to view Sample Report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=18620

Geographically, the nitrobenzene market
is segmented by North America, Europe, Asia Pacific, Middle East &
Africa, and Latin America. Asia-Pacific accounted for the largest market
 share in 2015 and it is expected to remain so over the forecast period.
 Rapid pace of urbanization in developing countries such as China,
India, and Bangladesh is a key driver of the nitrobenzene market in this
 region. Growth of agricultural industry in this region has fuelled the
growth of the nitrobenzene market. North America accounts for a
considerable share in the nitrobenzene market. Growth of the
pharmaceutical industry is driving the market for nitrobenzene in this
region.

The European Commission has proposed
reduction in the level of volatile organic compounds (VOC) emissions
which has resulted in the demand for bio-based chemicals which is likely
 to enhance the growth of the nitrobenzene market growth. Asia Pacific
has an increasing demand for nitrobenzene owing to developments in
agriculture. China accounts for majority share of the nitrobenzene
market in Asia Pacific. Growth in the construction industry and rapid
pace of urbanization is one of the major drivers for the nitrobenzene
market in Asia Pacific. Increasing development in the dyes,
pharmaceuticals, pesticides, and chemical industry among others in the
developing nations has been one of the key drivers for the nitrobenzene
market. Middle East & Africa has an emerging nitrobenzene market
owing to increase in the demand for bio based chemicals and strict
environmental regulations. Latin America occupies a considerable share
in the nitrobenzene market. Brazil is one of the large markets for
nitrobenzene in this region.