Monochlorobenzene Industry Size, Share, Demand & Growth by 2033
The Monochlorobenzene Market is forecast to experience a growth of 3.5% CAGR over the
estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market
value of US$ 1,915.1 million in 2023.
The monochlorobenzene is also in high demand in the textile industry, which produces
pigments and dyes. Monochlorobenzene is deployed to make inks, paint removers, dyes, and
pigments that later form the fiber of textile clothing. The accelerated growth of the textile
industry worldwide is positively impacting the global market.
Trichlorobenzene, a type of monochlorobenzene, finds extensive application in the
pharmaceutical industry to combine the intermediates of different medicines, such as vitamin
supplements and antibiotics. Authority departments like the United Nations Industrial
Development Organization (UNIDO) have taken it upon themselves to invigorate the
domestic production of necessary generic drugs in underdeveloped and developing
economies like Kenya, Nigeria, and Ethiopia.
Research and development procedures for novel drugs to cure prevailing diseases have
escalated over the past few years. This is projected to create a noticeable impact on the
market development.
The chemical further finds use in the production of high-performing polymers. In addition,
the huge volume of monochlorobenzene is used as an agrochemical and a solvent for rubber
production.
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As per India Brand Equity Foundation (IBEF), the Indian textile industry shared 7% of the
overall industry outcome in 2019. The sector also attracted a capital investment of US$ 1.44
billion under the incentive scheme for technical textiles and manmade fiber in 2020. This
development is projected to have a beneficial impact on the monochlorobenzene industry.
Top Highlights from the FMI’s Analysis of the Monochlorobenzene Market:

The United States monochlorobenzene industry is projected to acquire a market share
of 19.3% in 2023.

The German monochlorobenzene industry constitutes a value share of 16.3% in the
present market.

Japan is estimated to contribute a 2.6% share of the global market.

Australian monochlorobenzene industry is assessed to acquire a 0.8% market share in
2023.

The China monochlorobenzene industry is projected to register a CAGR of 2.8% over
the forecast period.

The India monochlorobenzene industry is anticipated to expand at a CAGR of 3.3%
over the estimated period.

The United Kingdom’s monochlorobenzene industry is expected to witness a sluggish
growth rate of 1.7% over the forecast period.

Based on the type category, nitrochlorobenzene is projected to accumulate a market
share of 44.3% in 2023.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends
from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
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