Market Overview:
The global nitro aromatics market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for explosives, pesticides, fertilizers & herbicides, dyes & pigments, pharmaceuticals, plastics, resins & elastomers and fuel additives. Nitro aromatics are used as key ingredients in these applications owing to their properties such as high reactivity and thermal stability. North America is expected to lead the global nitro aromatics market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Nitro aromatics are a class of chemicals containing the nitro functional group. The nitro group is a chemical substituent that contains nitrogen and oxygen atoms bonded together. Nitro aromatics are used in the production of plastics, dyes, and other chemicals. They are also used as solvents and as intermediates in the synthesis of other molecules.
Nitro Benzene:
Nitrobenzene is an organic compound, which is a derivative of benzene. It has a triple bond between the carbon and the hydrogen. The chemical formula for nitrobenzene is (CH3)3N.
Mono- and dinitrotoluenes:
Mono- and dinitrotoluenes are colorless, flammable organic liquids with a strong odor. They are mainly used in the production of nitro aromatics. Nitrobenzene is one of the major products obtained by treating benzene with ammonia (NH3) at elevated temperature and pressure.
Application Insights:
The explosives segment dominated the global nitro aromatics market in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand for blasting agents, such as nitroglycerine, from end-use industries including mining and construction. In addition, growing use of low-boiling point solvents has facilitated easy manufacturing of explosive mixtures that are sensitive to vibration but insensitive to shock.
Fertilizers & herbicides was another prominent application segment accounting for a share of 15% in 2017 owing to high demand from emerging economies including India and China where agriculture is an important sector. The rising population coupled with rapid urbanization has led farmers across these countries adopt modern techniques like chemical fertilizers along with advanced farming equipment which further boosts product consumption globally.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of 68.1% in 2016 owing to high demand from end-use industries such as construction, agriculture, mining, manufacturing, and pharmaceuticals. China is projected to be one of the major consumers due to increasing demand from various end-use sectors coupled with government support for promoting domestic production levels through subsidies & tax benefits etc.
The growth of nitro aromatic chemicals industry in India on account rising investments by foreign players coupled with favorable government policies aimed at boosting chemical output is likely to boost market growth over the forecast period. For instance; In June 2017; M/s NITOCO Chemical Corporation Ltd., an Indian company based out of Vadodara city signed a pact with M/s INEOS (India) Limited for purchasing 1 million tons per year (MTPA) natural gas liquids (NGL).
Growth Factors:
- Increasing demand for nitro aromatics in the pharmaceutical and agrochemical industries as solvents and intermediates.
- Growing demand for nitro aromatics from the flavor and fragrance industry as a key ingredient in perfumes, colognes, and other consumer products.
- Rising demand for nitro aromatics from the rubber industry as a key component in manufacturing tires, hoses, belts, and other rubber products.
- Increasing use of nitro aromatics in paints and coatings due to their superior properties such as color intensity, gloss retention, hiding power etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nitro Aromatics Market Research Report
By Type
Nitro Benzene, Mono- and dinitrotoluenes, Tetryl, Mononitrochlorobenzenes
By Application
Explosives, Pesticides, Fertilizers & herbicides, Dyes & pigments, Pharmaceuticals, Plastics, resins & elastomers, Fuel additives
By Companies
BASF, Huntsman, Chemours, Wanhua Industrial Group, Covestro, Connell Chemical Industry, Aromsyn, SP Chemicals, Bann Química Ltd., Nanjing Chemical Industries, BASF, The Dow Chemical, Tianjin Elong Co.,Ltd, Enaex SA, Total SA
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
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Nitro Aromatics Market Report Segments:
The global Nitro Aromatics market is segmented on the basis of:
Types
Nitro Benzene, Mono- and dinitrotoluenes, Tetryl, Mononitrochlorobenzenes
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
Explosives, Pesticides, Fertilizers & herbicides, Dyes & pigments, Pharmaceuticals, Plastics, resins & elastomers, Fuel additives
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:
- BASF
- Huntsman
- Chemours
- Wanhua Industrial Group
- Covestro
- Connell Chemical Industry
- Aromsyn
- SP Chemicals
- Bann Química Ltd.
- Nanjing Chemical Industries
- BASF
- The Dow Chemical
- Tianjin Elong Co.,Ltd
- Enaex SA
- Total SA
Highlights of The Nitro Aromatics 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:
- Nitro Benzene
- Mono- and dinitrotoluenes
- Tetryl
- Mononitrochlorobenzenes
- By Application:
- Explosives
- Pesticides
- Fertilizers & herbicides
- Dyes & pigments
- Pharmaceuticals
- Plastics, resins & elastomers
- Fuel additives
- 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 Nitro Aromatics 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
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- Consumer Insights
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- Product & Brand Management
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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?
Nitro Aromatics is a company that produces high quality, nitro-based aerosols for use in electronic cigarettes. Nitro Aromatics products are designed to provide users with a more flavorful and satisfying experience when using their electronic cigarettes.
Some of the key players operating in the nitro aromatics market are BASF, Huntsman, Chemours, Wanhua Industrial Group, Covestro, Connell Chemical Industry, Aromsyn, SP Chemicals, Bann Qumica Ltd., Nanjing Chemical Industries, BASF, The Dow Chemical, Tianjin Elong Co.,Ltd, Enaex SA, Total SA.
The nitro aromatics market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nitro Aromatics 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 Nitro Aromatics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nitro Aromatics 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 Nitro Aromatics 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 Nitro Aromatics Market Size & Forecast, 2018-2028
4.5.1 Nitro Aromatics Market Size and Y-o-Y Growth
4.5.2 Nitro Aromatics Market Absolute $ Opportunity
Chapter 5 Global Nitro Aromatics 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 Nitro Aromatics Market Size Forecast by Type
5.2.1 Nitro Benzene
5.2.2 Mono- and dinitrotoluenes
5.2.3 Tetryl
5.2.4 Mononitrochlorobenzenes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nitro Aromatics 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 Nitro Aromatics Market Size Forecast by Applications
6.2.1 Explosives
6.2.2 Pesticides
6.2.3 Fertilizers & herbicides
6.2.4 Dyes & pigments
6.2.5 Pharmaceuticals
6.2.6 Plastics
6.2.7 resins & elastomers
6.2.8 Fuel additives
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nitro Aromatics 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 Nitro Aromatics 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 Nitro Aromatics Analysis and Forecast
9.1 Introduction
9.2 North America Nitro Aromatics 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 Nitro Aromatics Market Size Forecast by Type
9.6.1 Nitro Benzene
9.6.2 Mono- and dinitrotoluenes
9.6.3 Tetryl
9.6.4 Mononitrochlorobenzenes
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 Nitro Aromatics Market Size Forecast by Applications
9.10.1 Explosives
9.10.2 Pesticides
9.10.3 Fertilizers & herbicides
9.10.4 Dyes & pigments
9.10.5 Pharmaceuticals
9.10.6 Plastics
9.10.7 resins & elastomers
9.10.8 Fuel additives
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 Nitro Aromatics Analysis and Forecast
10.1 Introduction
10.2 Europe Nitro Aromatics 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 Nitro Aromatics Market Size Forecast by Type
10.6.1 Nitro Benzene
10.6.2 Mono- and dinitrotoluenes
10.6.3 Tetryl
10.6.4 Mononitrochlorobenzenes
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 Nitro Aromatics Market Size Forecast by Applications
10.10.1 Explosives
10.10.2 Pesticides
10.10.3 Fertilizers & herbicides
10.10.4 Dyes & pigments
10.10.5 Pharmaceuticals
10.10.6 Plastics
10.10.7 resins & elastomers
10.10.8 Fuel additives
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 Nitro Aromatics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nitro Aromatics 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 Nitro Aromatics Market Size Forecast by Type
11.6.1 Nitro Benzene
11.6.2 Mono- and dinitrotoluenes
11.6.3 Tetryl
11.6.4 Mononitrochlorobenzenes
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 Nitro Aromatics Market Size Forecast by Applications
11.10.1 Explosives
11.10.2 Pesticides
11.10.3 Fertilizers & herbicides
11.10.4 Dyes & pigments
11.10.5 Pharmaceuticals
11.10.6 Plastics
11.10.7 resins & elastomers
11.10.8 Fuel additives
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 Nitro Aromatics Analysis and Forecast
12.1 Introduction
12.2 Latin America Nitro Aromatics 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 Nitro Aromatics Market Size Forecast by Type
12.6.1 Nitro Benzene
12.6.2 Mono- and dinitrotoluenes
12.6.3 Tetryl
12.6.4 Mononitrochlorobenzenes
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 Nitro Aromatics Market Size Forecast by Applications
12.10.1 Explosives
12.10.2 Pesticides
12.10.3 Fertilizers & herbicides
12.10.4 Dyes & pigments
12.10.5 Pharmaceuticals
12.10.6 Plastics
12.10.7 resins & elastomers
12.10.8 Fuel additives
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) Nitro Aromatics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nitro Aromatics 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) Nitro Aromatics Market Size Forecast by Type
13.6.1 Nitro Benzene
13.6.2 Mono- and dinitrotoluenes
13.6.3 Tetryl
13.6.4 Mononitrochlorobenzenes
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) Nitro Aromatics Market Size Forecast by Applications
13.10.1 Explosives
13.10.2 Pesticides
13.10.3 Fertilizers & herbicides
13.10.4 Dyes & pigments
13.10.5 Pharmaceuticals
13.10.6 Plastics
13.10.7 resins & elastomers
13.10.8 Fuel additives
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 Nitro Aromatics Market: Competitive Dashboard
14.2 Global Nitro Aromatics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Huntsman
14.3.3 Chemours
14.3.4 Wanhua Industrial Group
14.3.5 Covestro
14.3.6 Connell Chemical Industry
14.3.7 Aromsyn
14.3.8 SP Chemicals
14.3.9 Bann Química Ltd.
14.3.10 Nanjing Chemical Industries
14.3.11 BASF
14.3.12 The Dow Chemical
14.3.13 Tianjin Elong Co.,Ltd
14.3.14 Enaex SA
14.3.15 Total SA
