Global Benzotrifluoride Market to Register 4.19% CAGR Through 2024

July 29, 2020

As per the report titled ‘Global Benzotrifluoride Market: Analysis By Derivative , By Sub-Derivatives By Application, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) -- By Application (Chemical, Pharmaceutical, Agriculture, Others), By Region (North America, Europe, APAC, ROW), By Country, available with Market Study Report LLC, global benzotrifluoride market is  expected to accrue substantial returns, expanding with a CAGR of 4.19% over 2019-2024.

Growth in chemical, agricultural, pharmaceutical and construction sectors, coupled with broadening applicability of benzotrifluoride in other industries are some of the factors supporting the industry expansion.

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Based on derivative spectrum, global benzotrifluoride market is classified into hydroxybenzotrifluoride, aminobenzotrifluoride, bromobenzotrifluoride, chlorobenzotrifluoride, and other derivatives. The hydroxybenzotrifluoride segment is further classified into 3-hydroxy benzotrifluoride, and others. The aminobenzotrifluoride segment is bifurcated into 3-amino benzotrifluoride, 2-amino benzotrifluoride, and others. The bromobenzotrifluoride segment is fragmented into 4-Bromobenzotrifluoride, and others. The chlorobenzotrifluoride segment is categorized into 4- chloro benzotrifluoride, 3, 4-dichloro benzotrifluoride, and others.

Chlorobenzotrifluoride segment is expected witness considerable demand in the upcoming years, owing to its highly stable and desirable properties, coupled with its escalating use in paints & coating industry, cites the report.

Moving on to the regional landscape, global benzotrifluoride market is fragmented into APAC, Europe, North America, and ROW. Among these, Asia-Pacific is anticipated to account for majority market share over the analysis timeframe, attributable to presence of a large population, rising healthcare expenditure across the region, and increasing construction activities in nations like China, Vietnam, and India.

Prominent companies functioning in global benzotrifluoride market are Kingchem- Liaoning Chemical Co. Ltd., Tokyo Chemical Industry Pvt. Ltd., Mitsubishi International Polymertrade Corporation, Jiangsu Fenghua Chemical Industry Co. Limited., Miteni SpA, Zhejiang Weihua Chemical Company., Ltd., Navin Fluorine International Ltd., and Zhejiang Kangfeng Chemicals Company Limited.

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