Nitrobenzene Market is Expected to Grow at a CAGR of 3.4% % During 2015-2022: Brisk Insights

Friar Lane, United Kingdom, December 16, 2016 --(PR.com)-- According to a recently published report, the Nitrobenzene Market is expected to grow at the CAGR of 3.4% % during 2015-2022. The segmentation of the Global Nitrobenzene Market is based on application, type, metal derivatives and geography. The report on Global Nitrobenzene Market Forecas t2015-2022 (by application, type, metal derivative and geography) provides detailed overview and predictive analysis of the market.

The major driver to the global nitrobenzene market is the growing construction industry. With the rising population the construction industry is growing gradually, driving the demand for Nitrobenzene that is widely being used in MDI, methylene diphenyl diisocyanate, used in making insulators for building. Another factor influencing the market largely is growing demand in Asia Pacific due to growing agriculture and construction industry, combined with the availability of raw materials and cheap labor in developing economies such as India and China. Asia Pacific is the fastest growing market and holds the largest market share with 40% of global nitrobenzene consumption.

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