Monochlorobenzene Market Report 2025 (Global Edition)

Global Monochlorobenzene Market Report 2025 Market Size Split by Application (Polyphenylene Sulfide, Nitrochlorobenzenes, Polysulfone Polymers, Solvents, Room and Sanitary Deodorants, Others), by End ...

Monochlorobenzene Market Report Description

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Monochlorobenzene Market Insights Video

Competitive Landscape of the Monochlorobenzene Market

Characterized by a diverse array of actors competing for market share, the Monochlorobenzene Market is a dynamic and competitive space. These actors are currently in pursuit of strategic initiatives, including mergers, acquisitions, collaborations, and political support, to fortify their presence. The organizations are emphasizing the development of their product line in order to cater to the diverse population in a wide range of regions.

In September 2024, Sinopec co-hosted the 2024 Tsinghua University Forum on Carbon Neutral Economy in Beijing, which concentrated on the development of green energy, technological innovation, and collaboration to achieve a low-carbon future. Ma Yongsheng, Sinopec's chairman, underscored the organization's commitment to sustainable development and the potential of the low-carbon industry in the coming three decades. Sinopec's initiatives to promote clean energy and achieve carbon peaking were emphasized during the forum. The Carbon-Neutral Ecological Partnership Program was also initiated at the event with the objective of promoting industry-education cooperation and the development of carbon neutrality experts, thereby promoting sustainable development and technological innovation. (Source:http://www.sinopec.com/listco/en/media_centre/news/20240927/news_20240927_589800738076.shtml) In December 2023, Sinopec Corp. has declared its intention to terminate its reporting obligations under the U.S. Securities Exchange Act of 1934 and deregister with the U.S. Securities and Exchange Commission. The company will submit a Form 15F on December 8, 2023, subsequent to the termination of the ADS program in December 2022 and the delisting of its American depositary shares (ADSs) from the NYSE in September 2022. Unless the Form 15F is withdrawn or denied, this action will suspend all reporting obligations under the Exchange Act. Sinopec will persist in adhering to the disclosure requirements of other stock exchanges. (Source: http://www.sinopec.com/listco/en/Resource/Pdf/2023120806.pdf) In November 2023, Kureha Corporation's Board of Directors has authorized a stock split, amended its Articles of Incorporation, and revised the treasury share acquisition program. The total number of shares will increase from 19,525,407 to 58,576,221, as each share will be divided into three on January 1, 2024. The objective of the split is to increase the liquidity of shares and decrease the minimum investment price. As a result, Kureha adjusted its FY2023 dividend forecast to account for the split ratio without affecting the total value. The objective of this action is to increase the accessibility of Kureha shares to investors, thereby broadening the shareholder base. (Source:https://www.kureha.co.jp/en/newsrelease/docs/Kureha%20Announces%20Stock%20Split_en.pdf)

Top Companies Market Share in Monochlorobenzene Industry: (In no particular order of Rank)

• Arkema SA
• Henan Kaipu Chemical Co. Ltd.
• Bayer AG
• Kureha Corporation
• PPG Industries Inc.
• Jinhua Chemical (Group) Corporation
• Nanjing Chemical Industry Co. Ltd
• Solutia
• Inc.
• Tianjin Bohai Chemical Co. Ltd
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Monochlorobenzene Market

Which Region Dominates the Monochlorobenzene Market in 2024?

According to Cognitive Market Research, North America currently dominates the Monochlorobenzenes market, and the region is expected to have significant growth during the projected period. This rapid expansion is primarily attributable to the heightened emphasis on the improvement of chemical manufacturing processes and the increasing demand for chlorobenzene in a diverse array of end applications.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The cholorobenzene market is driven by India and China's fast population expansion and strong agricultural dependency, which increases pesticide and herbicide demand. Furthermore, the presence of significant industry players in the area is boosting the APAC cholorobenzene industry.

The current report Scope analyzes Monochlorobenzene Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Monochlorobenzene

According to Cognitive Market Research, the global Monochlorobenzene market size was estimated at USD 1953.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 781.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Monochlorobenzene market with a market size of USD 616.56 million in 2024 and is anticipated to grow at a CAGR of 2.0% during the projected period. The U.S. market's significant demand for solvents in the pharmaceutical and coating industries.
• The Canada Monochlorobenzene market had a market share of USD 93.77 million in 2024 and is anticipated to grow at a CAGR of 3.0% during the projected period. Canada’s expansion of the chemical and manufacturing sectors.
• The Mexico Monochlorobenzene market is anticipated to see growth at a CAGR of 2.7% during the projected period, with a market size of USD 71.11 million in 2024.

Europe Monochlorobenzene

According to Cognitive Market Research, the global Monochlorobenzene market size was estimated at USD 1953.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 586.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Monochlorobenzene market had a market share of USD 98.46 million in 2024 and is anticipated to grow at a CAGR of 3.3% during the projected period. In the UK, Monochlorobenzene sales see an upswing due to the Pharmaceutical and adhesive industries' expansion.
• The France Monochlorobenzene market is anticipated to see growth at a CAGR of 1.7% during the projected period, with a market size of USD 53.92 million in 2024.
• According to Cognitive Market Research, the German Monochlorobenzene market size was valued at USD 116.04 million in 2024 and is anticipated to grow at a CAGR of 2.7% during the projected period. In Germany, Monochlorobenzene surged due to the Enhanced emphasis on environmental regulations and high-purity compounds.
• The Italy Monochlorobenzene market is anticipated to see growth at a CAGR of 1.9% during the projected period, with a market size of USD 50.40 million in 2024.
• The Russia Monochlorobenzene market is anticipated to see growth at a CAGR of 1.5% during the projected period, with a market size of USD 90.84 million in 2024.
• The Spain Monochlorobenzene market is anticipated to see growth at a CAGR of 1.6% during the projected period with a market size of USD 48.06 million in 2024
• The Luxembourg Monochlorobenzene market is anticipated to see growth at a CAGR of 2.6% during the projected period, with a market size of USD 18.17 million in 2024.
• The Portugal Monochlorobenzene market is anticipated to see growth at a CAGR of 2.3% during the projected period, with a market size of USD 12.31 million in 2024.
• The Greece Monochlorobenzene market is anticipated to see growth at a CAGR of 2.8% during the projected period, with a market size of USD 7.03 million in 2024.
• The Rest of Europe's Monochlorobenzene market is anticipated to see growth at a CAGR of 1.2% during the projected period, with a market size of USD 90.84 million in 2024.

Asia Pacific Monochlorobenzene

According to Cognitive Market Research, the global Monochlorobenzene market size was estimated at USD 1953.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 449.33 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Monochlorobenzene market size was valued at USD 202.20 million in 2024 and is anticipated to grow at a CAGR of 5.5% during the projected period. Monochlorobenzene surged in China due to Increasing demand for chemical products and rapid industrialization.
• The Japan Monochlorobenzene market is anticipated to see growth at a CAGR of 4.5% during the projected period, with a market size of USD 62.01 million in 2024.
• The India Monochlorobenzene market had a market share of USD 53.92 million in 2024 and is anticipated to grow at a CAGR of 7.8% during the projected period. India's expansion of the middle class and the rise in industrial activities.
• The South Korean Monochlorobenzene market is anticipated to see growth at a CAGR of 5.1% during the projected period, with a market size of USD 44.93 million in 2024.
• The Australian Monochlorobenzene market is anticipated to see growth at a CAGR of 5.7% during the projected period, with a market size of USD 23.37 million in 2024.
• The South East Asia Monochlorobenzene market is anticipated to see growth at a CAGR of 7.0% during the projected period, with a market size of USD 31.00 million in 2024.
• The Rest of Asia Pacific Monochlorobenzene market is anticipated to see growth at a CAGR of 5.8% during the projected period, with a market size of USD 31.90 million in 2024.

South America Monochlorobenzene

According to Cognitive Market Research, the global Monochlorobenzene market size was estimated at USD 1953.6 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 97.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Monochlorobenzene market size was valued at USD 41.81 million in 2024 and is anticipated to grow at a CAGR of 4.0% during the projected period. Monochlorobenzenes flourished in Brazil due to increasing demand for chemical products in industrial applications.
• Argentina's Monochlorobenzene market had a market share of USD 16.41 million in 2024 and is anticipated to grow at a CAGR of 4.3% during the projected period. Argentina's Increase in the agricultural and manufacturing sectors.
• Colombia Monochlorobenzene market is anticipated to see growth at a CAGR of 3.2% during the projected period, with a market size of USD 8.69 million in 2024.
• Peru Monochlorobenzene market is anticipated to see growth at a CAGR of 3.6% during the projected period, with a market size of USD 8.01 million in 2024.
• Chile Monochlorobenzene market is anticipated to see growth at a CAGR of 3.7% during the projected period, with a market size of USD 7.03 million in 2024.
• The Rest of Latin America's Monochlorobenzene market is anticipated to see growth at a CAGR of 2.5% during the projected period, with a market size of USD 15.73 million in 2024.

Middle East and Africa Monochlorobenzene

According to Cognitive Market Research, the global Monochlorobenzene market size was estimated at USD 1953.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 39.07 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031..

• The GCC Countries Monochlorobenzene market is anticipated to see growth at a CAGR of 4.5% during the projected period, with a market size of USD 16.72 million in 2024. Monochlorobenzene sales flourish due to the Growth of the chemical and construction sectors.
• The Egypt Monochlorobenzene market is anticipated to see growth at a CAGR of 4.0% during the projected period, with a market size of USD 4.10 million in 2024.
• The South Africa Monochlorobenzene market is anticipated to see growth at a CAGR of 4.7% during the projected period, with a market size of USD 6.17 million in 2024. Monochlorobenzene sales flourished in South Africa due to Increasing investments in industrial development and infrastructure.
• The Turkey Monochlorobenzene market is anticipated to see growth at a CAGR of 3.2% during the projected period, with a market size of USD 3.36 million in 2024.
• The Nigeria Monochlorobenzene market is anticipated to see growth at a CAGR of 2.8% during the projected period, with a market size of USD 4.10 million in 2024.
• The Rest of the MEA Monochlorobenzene market is anticipated to see growth at a CAGR of 2.7% during the projected period, with a market size of USD 4.61 million in 2024.

Monochlorobenzene Market Analysis

Monochlorobenzene Market Application Segment Analysis

According to Cognitive Market Research, Solvents are likely to dominate the Monochlorobenzene Market over the forecast period. The monochlorobenzene market is primarily dominated by solvents, which are used in a variety of industries, such as pharmaceuticals, adhesives, and coatings. Monochlorobenzene is a solvent that is preferable for numerous industrial processes due to its effective dissolving properties and capacity to support a diverse range of chemical reactions.

The Room and Sanitary Deodorants is the fastest-growing segment in the Monochlorobenzene Market. The growing demand for deodorizing solutions that are both effective and long-lasting in residential and commercial environments is the primary factor driving this growth. Monochlorobenzene's properties render it an optimal component for deodorant products, which has resulted in its increasing prevalence in this field.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Monochlorobenzene Industry. Request a Free Sample PDF!

Monochlorobenzene Market End use Industry Segment Analysis

According to Cognitive Market Research, the Chemicals segment holds the largest share of the market. The monochlorobenzene market is primarily dominated by chemicals, as it is a solvent and intermediate in the production of a variety of chemical compounds. Monochlorobenzene's dominant market position is a result of its capacity to dissolve and react with a variety of substances, which renders it an indispensable component in the production of numerous chemical products.

In the Monochlorobenzene Market, the Agriculture has been expanding at a rapid pace. The utilization of monochlorobenzene in the manufacture of pesticides and herbicides is the primary factor contributing to this expansion. The demand for monochlorobenzene is increasing in tandem with the demand for effective agricultural compounds, resulting in a rapidly expanding application area.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Monochlorobenzene Grade Segment Analysis

Monochlorobenzene Market Grade Segment Analysis

According to Cognitive Market Research, The Industrial grade segment holds the largest market share. The market is dominated by industrial grade monochlorobenzene, which is widely used as a solvent and intermediate in a variety of industrial processes. Its dominant position in the market is a result of its ability to dissolve and react with a variety of substances, which renders it an indispensable component in the production of numerous chemical products.

In the Monochlorobenzene market, the rapidly growing sector is the Pharmaceutical grade. The pharmaceutical industry's growing demand for high-purity compounds is the primary factor driving this growth. Pharmaceutical grade monochlorobenzene is gaining popularity as the industry expands and the demand for stringent quality standards increases, driven by its superior purity and safety profile.

• Industrial grade
• Pharmaceutical grade

Monochlorobenzene Function Segment Analysis

Monochlorobenzene Market Function Segment Analysis

According to Cognitive Market Research, the Solvent segment dominates the market. Solvent's dominance in the monochlorobenzene market is attributed to its extensive use in a variety of industries, such as pharmaceuticals, adhesives, and coatings. Monochlorobenzene is a solvent that is preferable for numerous industrial processes due to its effective dissolving properties and capacity to support a diverse range of chemical reactions.

De-greasing agent is projected to be the fastest-growing segment in the Monochlorobenzene market. This development is fueled by the growing demand for efficient cleaning solutions in the automotive and industrial sectors. The properties of monochlorobenzene render it an ideal component in de-greasing agents, which has resulted in its increasing popularity in this application.

• Solvent
• De-greasing agent

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
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