The mushrooming use of chlorobenzene in the chemical industry is one of the major factors fueling its sales across the globe. Chlorobenzene is extensively used as a solvent in the synthesis of insecticide and pesticide formulations, organic chemicals, nitrobenzene, drugs, di-phenyl oxide, and di-isocyanate and for degreasing automobile components. With rapid industrialization and globalization, the requirement for chlorobenzene in several manufacturing and chemical processing facilities is surging. Thus, the expansion of the chemical industry is positively impacting the worldwide sales of chlorobenzene.
The growing use of chlorobenzene in pharmaceutical and personal care industries is currently trending in the chlorobenzene market. Trichlorobenzene is being increasingly used in the pharmaceutical industry for synthesizing the intermediates of several medicines, including vitamin supplements and antibiotics. The United Nations Industrial Development Organization (UNIDO) has recently taken the responsibility to bolster the local manufacturing of essential generic drugs in both developed and developing nations. Additionally, research and development (R&D) activities for developing new drugs to manage and treat chronic diseases have grown massively over the last few years, which is also propelling the demand for chlorobenzene.
This is credited to surging requirement for chlorobenzene in regional countries, such as China and Japan. Moreover, China is the largest producer of chlorobenzene in the world, on account of its requirement in the production of herbicides and polyphenylene sulphide resin. Additionally, Japan is witnessing a massive rise in the production of polyphenylene sulphide, on account of the surge in the country’s chemical industry, which is also driving the expansion of the market in the region.
The players operating in the industry are actively focusing on collaborations in order to strengthen their position and reach out to more people. For example, CHEMADA Industries Ltd., which is a producer of fine chemicals for various industries, initiated a distribution agreement with Moriroku Holdings Company Ltd. (Moriruko Japan) in Japan. As per the terms and conditions of the agreement, Moriroku Japan gained the rights for the distribution of the products developed by CHEMADA Industries in Japan.
Hence, it can be safely said that the demand for chlorobenzene will rise sharply in the coming years, mainly because of the expansion of chemical and pharmaceutical industries all over the world.
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