Market Overview:
The global benzonitrile market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for benzonitrile from various end-use industries, such as industrial, pharmaceuticals, and others. Benzonitrile is used as an intermediate in the production of various chemicals and pharmaceuticals products. It is also used as a solvent in various chemical processes. Benzonitrile finds application in a number of industries owing to its properties such as volatility, flammability, and toxicity.
Product Definition:
A colorless liquid with an acrid odor, C6H5CN, used chiefly in the manufacture of dyes and plastics.
Up to 70%:
Up to 70% is used in the manufacturing of benzonitrile. It is a colorless liquid with an odor similar to gasoline. It has a low boiling point and will quickly vaporize if overheated. This chemical plays an important role in the production of pesticides, rubber, and fuel additives among other products that are used globally.
Up to 90%:
Up to 90% is a form of nitrile rubber. It can be used as an adhesive, sealant, and coating material in various end-use industries such as automotive & transportation and electrical & electronics. The global up to 90% market size was estimated at USD 1.8 billion in 2015 and is expected to witness significant growth over the forecast period owing to its increasing demand from the emerging economies including China, India, Brazil, Mexico among others.
Application Insights:
The other applications of benzonitrile include its use in the manufacture of nylon 6,6 and plasticizers. The industrial application segment accounted for a market share of over 70% in 2017. Increasing demand from various industries including pharmaceutical is expected to drive the global benzonitrile market growth over the forecast period.
Pharmaceutical was one of the fastest growing segments with a CAGR exceeding 8% from 2018 to 2030 on account of increasing product usage as an active pharmaceutical ingredient (API) in various drugs such as aspirin, paracetamol and phenylbutazone among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is also anticipated to register a significant growth rate of 4.6% from 2018 to 2030. Increasing demand for Benzonitrile from various end-use industries such as paints & coatings, pharmaceuticals, others are expected drive product demand over the forecast period.
The Asia Pacific was followed by Europe which accounted for 24% of total revenue share in 2017 owing to high production volume and consumption in several major economies including Germany, France, Italy, U.K.
North America emerged as a significant consumer due to increasing industrialization coupled with growing construction spending especially on residential sector which has led rise in renovation activities across countries such as Canada.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, agrochemicals, and pharmaceuticals
- Rising production of benzonitrile in China and other Asian countries
- Growing use of benzonitrile in solvents, plastics, and synthetic fibers
- Technological advancements that have led to the development of new applications for benzonitrile
- Expansion of global trade in benzonitrile
Scope Of The Report
Report Attributes
Report Details
Report Title
Benzonitrile Market Research Report
By Type
Up to 70%, Up to 90%, Up to 99%
By Application
Industrial, Pharmaceutical, Others
By Companies
Chemsavers, Inc., Vineeth Precious Catalysts Pvt. Ltd., A. B. Enterprises, Triveni Chemicals, S. R. Chemical Specialities, Chemkart, Shanghai Synchem Pharma Co., Ltd., QINGDAO ON-BILLION INDUSTRAIL CO.,LTD, Hangzhou Dayangchem Co., Ltd., Changzhou Ansciep Chemical Co.,Ltd., Chemsavers, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Benzonitrile Market Report Segments:
The global Benzonitrile market is segmented on the basis of:
Types
Up to 70%, Up to 90%, Up to 99%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Pharmaceutical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Chemsavers, Inc.
- Vineeth Precious Catalysts Pvt. Ltd.
- A. B. Enterprises
- Triveni Chemicals
- S. R. Chemical Specialities
- Chemkart
- Shanghai Synchem Pharma Co., Ltd.
- QINGDAO ON-BILLION INDUSTRAIL CO.,LTD
- Hangzhou Dayangchem Co., Ltd.
- Changzhou Ansciep Chemical Co.,Ltd.
- Chemsavers, Inc.
Highlights of The Benzonitrile Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Up to 70%
- Up to 90%
- Up to 99%
- By Application:
- Industrial
- Pharmaceutical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Benzonitrile Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Benzonitrile is a colorless, volatile liquid with a sweet odor. It is used in the manufacture of plastics and other materials.
Some of the major players in the benzonitrile market are Chemsavers, Inc., Vineeth Precious Catalysts Pvt. Ltd., A. B. Enterprises, Triveni Chemicals, S. R. Chemical Specialities, Chemkart, Shanghai Synchem Pharma Co., Ltd., QINGDAO ON-BILLION INDUSTRAIL CO.,LTD, Hangzhou Dayangchem Co., Ltd., Changzhou Ansciep Chemical Co.,Ltd., Chemsavers, Inc..
The benzonitrile market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Benzonitrile Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Benzonitrile Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Benzonitrile Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Benzonitrile Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Benzonitrile Market Size & Forecast, 2020-2028
4.5.1 Benzonitrile Market Size and Y-o-Y Growth
4.5.2 Benzonitrile Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Up to 70%
5.2.2 Up to 90%
5.2.3 Up to 99%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Pharmaceutical
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Benzonitrile Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Benzonitrile Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Up to 70%
9.6.2 Up to 90%
9.6.3 Up to 99%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Pharmaceutical
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Up to 70%
10.6.2 Up to 90%
10.6.3 Up to 99%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Pharmaceutical
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Up to 70%
11.6.2 Up to 90%
11.6.3 Up to 99%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Pharmaceutical
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Up to 70%
12.6.2 Up to 90%
12.6.3 Up to 99%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Pharmaceutical
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Up to 70%
13.6.2 Up to 90%
13.6.3 Up to 99%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Pharmaceutical
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Benzonitrile Market: Competitive Dashboard
14.2 Global Benzonitrile Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chemsavers, Inc.
14.3.2 Vineeth Precious Catalysts Pvt. Ltd.
14.3.3 A. B. Enterprises
14.3.4 Triveni Chemicals
14.3.5 S. R. Chemical Specialities
14.3.6 Chemkart
14.3.7 Shanghai Synchem Pharma Co., Ltd.
14.3.8 QINGDAO ON-BILLION INDUSTRAIL CO.,LTD
14.3.9 Hangzhou Dayangchem Co., Ltd.
14.3.10 Changzhou Ansciep Chemical Co.,Ltd.
14.3.11 Chemsavers, Inc.
