The Nitro Aromatics Market size was valued at US$ XX billion in 2022 and is anticipated to grow to US$ XX billion by 2028 and increase at a CAGR of XX% between 2023-2028
Nitro Aromatics Market Scenario:
Nitro-aromatic compounds are created by incomplete combustion of fossil fuels or nitration processes. They are utilized as a chemical feedstock in explosives, insecticides, herbicides, dyes, medicines, and other chemicals. Aromatic nitro compounds (C6H5NO2) are a type of organic molecules formed by substituting one or more hydrogen atoms in benzene and its homologs (toluene and xylene), naphthalene, and anthracene with a nitro- group (NO2). These features of nitroaromatics may tend to increase the global nitroaromatics market revenue in the upcoming years. Textiles, basic chemicals, fertilizers, nitrogen compounds, primary plastics and rubber, dyes and pigments, explosives, essential pharmaceutical goods, and gas are all made from nitro-aromatic compounds.
Nitro-aromatics have been utilized indiscriminately due to their wide range of applications, resulting in irreversible environmental damage. As a result, nitro-aromatics are classified as recalcitrant, with a hazard rating of 3. While there are various classic pump-and-treat clean-up systems for eliminating nitro-aromatics in use today, none has shown to be long-term.
The nitro aromatics market has been influenced by the expanding need for rubber in the automobile industry, the rise of the construction industry in many core areas, the growing demand for fertilizers in agriculture, and urbanization in developing nations. The need for nitrobenzene, which may substitute bio-based chemicals like volatile organic compounds and minimize emissions, is also fueling the global nitro aromatics market growth during the forecast period. In addition, increased production in the pharmaceuticals, dyes, fertilizer, and pesticide industries will drive significant economic growth shortly. The nitro aromatics market has been influenced by the expanding need for rubber in the automobile industry, the construction industry's expansion in various central regions, the agriculture industry's growing demand for fertilizers, and urbanization in developing nations. In addition, increased production in the pharmaceuticals, dyes, fertilizer, and pesticide industries will lead to tremendous business growth shortly. As a result, North America, Europe, the Middle East, Africa, Asia Pacific, and Latin America are all taking steps to expand the global nitro aromatics market size. As a result, these regions have been designated as the primary producers of nitroaromatics, with a steadily increasing trend in the market.
Moreover, Aromatic nitro compounds are primarily used in the manufacture of explosives and as solvents. In addition, reduced aniline derivatives are used in dyes, pigments, pesticides, textiles, plastics, resins, elastomers (polyurethane), medicines, plant growth regulators, fuel additives, rubber accelerators, and antioxidants. Therefore, these factors tend to increase the global nitro aromatics market demand in the upcoming years.
Nitro Aromatics Market Restraints:
The risky nature of nitroaromatics is a key stumbling block to commercial expansion. Hazardous Rating-3 is assigned to nitro-aromatics because they are recalcitrant. Nitro aromatics are combustible under ideal conditions, and di- and trinitro derivatives are explosive. The most prevalent acute health concern linked to aromatic nitro compounds is Cyanosis, and anemia is the most common lingering symptom. Rising demand for bio-based chemicals and stringent environmental laws are stifling the nitroaromatics industry.
Moreover, Cyanosis is the most common acute health concern associated with aromatic nitro-chemicals, while anemia is the most common chronic manifestation. The fat-soluble nitro compounds are absorbed quickly through healthy skin. A small percentage is eliminated intact in the urine. At the same time, the majority is converted to cyanogenic nitroso and hydroxylamine derivatives, which are then degraded to ortho- and para-aminophenol equivalents and excreted in the urine. In three out of four cases, only one-third of cyanosis sufferers will have anoxia symptoms (headache, weariness, nausea, vertigo, chest pain, numbness, abdominal pain, hurting, etc.) in three out of four cases. Therefore, these reasons may hamper the global nitro aromatics market trend and size during 2022 - 2027.
By Type
Nitro Benzene
Nitro toluene
Trinitrotoluene
Tetryl
Nitronapthalene
Di nitro toluene
Nitrochlorotoluenes
Nitro anilines
Others
In the nitroaromatics market, the nitrobenzene category has the most considerable demand. Nitrobenzene is a precursor for several compounds and derivatives used in cosmetics, agriculture, medicines, and other industrial uses. Nitrobenzene is a pesticide ingredient that is used only in certain pesticides. According to Greenwell Biotech, nitrobenzene will increase plant energy and yield, particularly in blooming plants. However, its uptake as a pesticide ingredient is projected to be gradual due to the global availability of other pesticide additives. For example, Paracetamol, the most extensively used medicine on the planet, is made from nitrobenzene in the pharmaceutical sector. However, nitrobenzene is converted to aniline during the manufacturing of Paracetamol, which is subsequently employed in the pharmaceutical formulation. Because India and China generate the bulk of Paracetamol, Asia Pacific is the pharmaceutical industry's most significant user of aniline and thus nitrobenzene.
On the other hand, nitrotoluene is anticipated to have the highest CAGR in the global nitro aromatics market in the following years. Nitrotoluenes are used to make colors, explosives, toluidines, and nitrobenzoic acids, among other things. They're also employed in detergent formulations, flotation agents, and tire manufacturing. In addition, the manufacture of sunscreening compounds and the creation of gasoline inhibitors both use nitrotoluene.
By Application:
Based on application, pharmaceuticals are anticipated to have significant global nitro aromatics market growth during the foreseen period. The primary nitroaromatics compounds utilized in cancer chemotherapy and nitroimidazoles. The chemical origins of many medications can also be traced back to nitroaromatic substances. In addition, substituted nitrobenzene and nitro pyridines are utilized to make a wide range of indoles, which are bioactive components of medicines and agrochemicals alike. Using nitrobenzene or halonitrobenzenes, derivatives of phenothiazines, a comprehensive class of antipsychotic medications, can be made. The over-the-counter painkiller and antipyretic Paracetamol, often known as acetaminophen, is caused by a one-step reductive acetamidation of p-nitrophenol.
North America
Europe
Asia Pacific
Latin America
Middle east and Africa
The most significant market for nitroaromatics is predicted to be the Asia Pacific. The fast pace of urbanization in developing countries such as China, India, and Bangladesh is driving nitro aromatics demand in this sector. In addition, the nitroaromatics industry has been spurred by the rise of the agriculture industry in this area. In the Asia Pacific, agricultural advancements are pushing greater demand for nitroaromatics. China dominates the nitroaromatics industry in the Asia Pacific. The expansion of the construction industry and the high pace of urbanization are two significant drivers of nitroaromatics demand in the Asia Pacific.
The nitro aromatics industry has been spurred by the rise of the agriculture industry in this area. The United States dominates the nitroaromatics market in North America. However, the pharmaceutical business in the United States is driving the nitroaromatics market.
The Middle East and Africa's nitro aromatics market is expanding due to rising demand for bio-based chemicals and stricter environmental regulations.
The nitro aromatics sector is heavily concentrated in Latin America. Brazil is a prominent market for nitroaromatics in this sector.
The ongoing COVID-19 pandemic created a negative experience on all industrial verticals, resulting in lower capital investments, slower production rates, and lower supply to end-users. This effect is not limited to the nitroaromatics market, which is expected to see a significant reduction in its planned growth rate in the current fiscal year. However, in the present scenario, most industries were ongoing to increase their business sales. As a result, the global nitro aromatics market also tends to have stable growth post-crisis.
The companies covered in the report include:
BASF
Huntsman
Chemours
Wanhua Industrial Group
Covestro
Connell Chemical Industry
Aromsyn
SP Chemicals
Bann Quimica Ltd.
Nanjing Chemical Industries
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