Global Benzotrifluoride Market to expand with 4% CAGR through 2024

November 05, 2019


According to the latest study titled ‘Global Benzotrifluoride Market: Analysis By Derivative (Aminobenzotrifluoride, Chlorobenzotrifluoride, Bromobenzotrifluoride, Hydroxybenzotrifluoride), 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 (U.S., Canada, U.K, Germany, France, China, South Korea, India, Japan, Brazil, Saudi Arabia)’ available at MarketStudyReport.com, the global benzotrifluoride market is estimated to grow with a CAGR of 4.19% through 2024.
 

Benzotrifluoride, an organic compound, is a clear and colorless liquid used in the preparation of chemical products. The demand to improve crop yields and the cost-effectiveness of chemical processes are key factors slated to drive the growth of benzotrifluoride market. Apart from this, growth of the pharma sector will also continue to support the expansion of benzotrifluoride market.
 

The study encompasses details about segmental shares, and expansion strategies adopted by manufacturers, alongside the challenges, drivers influencing the industry growth, trends, as well as restraints impacting the market growth.
 

Based on derivatives, the benzotrifluoride market is segmented into chlorobenzotrifluoride, aminobenzotrifluoride, hydroxybenotrifluoride, bromobenzotrifluoride, and other derivatives. While based on chlorobenzotrifluoride sub-derivative, the industry is divided into 4-chloro benzotrifluoride, 3,4- dichloro benzotrifluoride, and others. Speaking of aminobenzotrifluoride sub-derivative, the benzotrifluoride market is split into 3-amino benzotrifluoride, 2-amino benzotrifluoride, and others.
 

Considering the hydroxybenzotrifluoride sub-derivative, the industry is further bifurcated into 3-hydroxy benzotrifluoride, and others. In terms of bromobenzotrifluoride sub-derivative, the benzotrifluoride is categorized into 4-bromobenzotrifluoride, and others. As per the report, chlorobenzotrifluoride sub-derivative segment of benzotrifluoride market is expected to depict appreciable growth owing to increasing applicability in paints & coatings and chemical industries in tandem with desirable properties and high stability.
 

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Based on application spectrum, the industry is divided into agriculture, pharmaceutical, chemical, and others. While considering the geographical landscape, the benzotrifluoride market is divided into four major regions, namely, Europe, North America, APAC, and rest of the world, with a key focus on countries like Brazil, U.S., U.K, Saudi Arabia, Canada, Germany, China, South Korea, France, Japan, and India.
 

The key players of benzotrifluoride market are Miteni SpA, NFIL, Zhejiang Weihua Chemical Co.Ltd, Mitsubishi International Polymertrade Corporation, Kingchem- Liaoning Chemical Co., Tokya Chemical industry, Zhejiang Kangfeng Chemicals Co., and Jiangsu Fenghua Chemical Industry Co.  


Frequently Asked Questions (FAQ) :

Factors driving the growth of benzotrifluoride market are the increasing population, demand to improve crop yields and the cost effectiveness of chemical processes. Apart from this, advancement in medicines and pharma companies are also continuing to support the expansion of benzotrifluoride market.
Based on derivatives, the benzotrifluoride market is segmented into chlorobenzotrifluoride, aminobenzotrifluoride, hydroxybenotrifluoride, bromobenzotrifluoride, and other derivatives. While based on chlorobenzotrifluoride sub-derivative, the industry is divided into 4-chloro benzotrifluoride, 3,4- dichloro benzotrifluoride, and others. Speaking of aminobenzotrifluoride sub-derivative, the benzotrifluoride market is split into 3-amino benzotrifluoride, 2-amino benzotrifluoride, and others. Considering the hydroxybenzotrifluoride sub-derivative, the industry is bifurcated into 3-hydroxy benzotrifluoride, and others. In terms of bromobenzotrifluoride sub-derivative, the benzotrifluoride is categorized into 4-bromobenzotrifluoride, and others.
The global benzotrifluoride market is estimated to grow with a CAGR of 4.19% by the year 2024.
Companies that operate in benzotrifluoride market are Miteni SpA, NFIL, Zhejiang Weihua Chemical Co.Ltd, Mitsubishi International Polymertrade Corporation, Kingchem- Liaoning Chemical Co., Tokya Chemical industry, Zhejiang Kangfeng Chemicals Co., and Jiangsu Fenghua Chemical Industry Co.