ACCESS Newswire
30 Jun 2020, 18:08 GMT+10
Major manufacturers of nitrobenzene are setting up social distancing strategies in their facilities in addition to the optimization of supply chains, to bring back operational capabilities during the coronavirus crisis.
ROCKVILLE, MD / ACCESSWIRE / June 29, 2020 / The global nitrobenzene market is expected to grow 1.4x, at a moderate 3.6% CAGR, during the assessment period 2020 - 2030. The global nitrobenzene market has been hit hard owing to a number of factors during the covid-19 pandemic. Disruptions in end use verticals has reduced global demand. In addition, suspension of factory activities has impacted productivity. In addition, reluctance by investors, supply chain disruptions, and workforce shortages has also hurt market prospects in the short term.
According to the study released by Fact.MR, nitrobenzene manufacturers have to focus on evaluating budgets, cash flow, and supply chains during this low-revenue period. Temporary closure of facilities could threaten the survival of small-scale businesses in the industry.
'The nitrobenzene market is gaining opportunities owing to strong demand for nitrobenzene, which will replace chemicals that emit volatile organic compounds, meeting the needs of sustainability goals. Rapid developments in the dyes, pharmaceuticals, pesticide, and chemical industries will account for substantial market growth through the end of the pandemic,' says the FACT.MR study.
Request a report sample to gain more market insights at-
https://www.factmr.com/connectus/sample?flag=S&rep_id=4733
Nitrobenzene Market- Critical Takeaways
Nitrobenzene Market- Drivers
Nitrobenzene Market- Restraints
COVID-19 Impact on Nitrobenzene Market
Prior to the pandemic, the nitrobenzene market had been slammed by the U.S. - China trade war. With the pandemic spreading across the globe, the Chinese industry has been among the worst effected by the outbreak. Currently concerns over a second wave of coronavirus cases, are hampering developments in the nitrobenzene industry. International restrictions on exports and imports also affect the global market. Poor demand arising from a downturn in construction and automotive industrial activity will restrict the market. The recovery of the market post-pandemic will go well into 2021 as the automotive industry is expected to gain demand gradually in the months ahead.
Explore the global nitrobenzene market with 194 figures, 74 data tables, along with the table of contents of the report. You can also find detailed segmentation on
https://www.factmr.com/report/4733/nitrobenzene-market
Competitive Landscape
Prominent nitrobenzene manufacturers are investing in strategic mergers and acquisitions. Also, major producers pushing for the expansion of production capacities. For instance, Solvay has acquired U.S. based Cytec for composite materials and technology. Further, SABIC has merged with Aramco, which will contribute to its portfolio including that of nitrobenzene.
Huntsman Corporation, Wanhua Chemical Group Co. Ltd., BASF SE, and Covestro AG are some of the key nitrobenzene producers in the global market.
About the Study
The study offers readers an exhaustive market forecast of the nitrobenzene market. Global, regional and national-level analysis of the latest industry trends influencing the nitrobenzene market is covered in this FACT.MR report. The study provides actionable insights on nitrobenzene market according to application (aniline production, pesticide additive, synthetic rubber manufacturing, paint solvent, and others), and end use (construction, agriculture, pharmaceutical, automotive, and others) across six regions (North America, Latin America, Europe, South Asia & Oceania, East Asia, and MEA).
Explore Fact.MR's Coverage of the Global Chemical & Materials Industry
Advanced High Strength Steel (AHSS) Market- Get insights on the global advanced high strength steel market through FACT.MR's report covering detailed analysis for projection period (2020-2030).
Halogenated Solvent Cleaners Market- FACT.MR's study on the global halogenated solvent cleaners market covers new trends, tech advancements, key players, and strategies for the period 2018-2027.
Technical Aerosol Market- Obtain analysis on the global technical aerosol market through FACT.MR's report covering competitive analysis, key regions, and segmental analysis for 2018-2028.
About Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FACT.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over a thousand reports and 1 million+ data points, the team has scrutinized the chemical & materials sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Fact.MR's latest market reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: [email protected]
Web: https://www.factmr.com/
PR- https://www.factmr.com/media-release/1488/global-nitrobenzene-market
SOURCE: FactMR
Get a daily dose of Kansas City Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kansas City Post.
More InformationDHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...