Essential organic compound with highly reactive nitro and amino functional groups
Market Overview
Commercial availability in high purity grades (≥99.5%) for advanced applications
Versatile chemical intermediate for azo dyes, pharmaceutical precursors, and agrochemicals
Growing importance in UV absorber production for plastics and coatings
Market Value & Growth Projections
Market Insights:
2024 Market Value: US$ 124 million
Projected CAGR: 4.9%
2032 Projected Value: US$ 182 million
Key Market Drivers:
Global textile industry expansion driving demand for azo dyes
Pharmaceutical outsourcing trends boosting intermediate requirements
Agrochemical production growth, particularly in developing nations
Technological advancements in chemical synthesis processes
Development of high-purity grades opening new applications
Market Segmentation
By Type
By Application
Purity ≥99.5%
98% ≤ Purity < 99.5%
Dyes & Pigments
Pharma & Agro Chemical Intermediates
Specialty Chemicals
UV AbsorbersOther
Key Market Players
Aarti Industries Ashish Interchem
Anhui Xianglong Chemical
Regional Market Analysis
North America:
Key Countries- USA, Canada, Mexico
Europe:
Key Countries- Germany, UK, France, Russia, Italy, Rest of Europe
Asia-Pacific:
Key Countries- China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific
South America:
Key Countries- Brazil, Argentina, Columbia, Rest of South America
Middle East and Africa:
Key Countries- Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA
