Monochlorobenzene Industry Size, Share, Demand & Growth by 2033
The Monochlorobenzene Market is forecast to experience a growth of 3.5% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 1,915.1 million in 2023. The monochlorobenzene is also in high demand in the textile industry, which produces pigments and dyes. Monochlorobenzene is deployed to make inks, paint removers, dyes, and pigments that later form the fiber of textile clothing. The accelerated growth of the textile industry worldwide is positively impacting the global market. Trichlorobenzene, a type of monochlorobenzene, finds extensive application in the pharmaceutical industry to combine the intermediates of different medicines, such as vitamin supplements and antibiotics. Authority departments like the United Nations Industrial Development Organization (UNIDO) have taken it upon themselves to invigorate the domestic production of necessary generic drugs in underdeveloped and developing economies like Kenya, Ni