1,2-Dicyanobenzene, also known as o-phthalodinitrile, 1,2-benzenedicarbonitrile or phthalonitrile, is an organic compound with the formula C₆H₄(CN)₂. It is a derivative of benzene, containing two adjacent nitrile groups. 1,2-Dicyanobenzene is the precursor to phthalocyanine pigments. This compound is also used as intermediate for the synthesis of agrochemicals, pharmaceuticals, and chemical intermediates.
According to the latest research, the global 1,2-dicyanobenzene market is poised to grow by USD 10.6 million during 2024-2030, progressing at a CAGR of 4.4% during the forecast period.
This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the application, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.
The global 1,2-dicyanobenzene market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.
The global market for 1,2-dicyanobenzene can be segmented by application: optical brighteners, pharmaceuticals, pigments, others. The pigments segment captured the largest share of the market in 2023.
1,2-dicyanobenzene market is further segmented by region: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America. Asia-Pacific was the largest revenue contributor to the global 1,2-dicyanobenzene market in 2023 and is anticipated to show the highest growth rate during the forecast period.
The global 1,2-dicyanobenzene market is a concentrated industry dominated by only a few players including BASF SE, Jiangsu Weunite Fine Chemical Co., Ltd., Lily Holding Co., Ltd., Shandong Shangzheng New Material Technology Co., Ltd., among others.
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Market Segments Covered in Global 1,2-Dicyanobenzene Industry Analysis:
i.) Application
– Optical brighteners
– Pharmaceuticals
– Pigments
– Others
ii.) Region
– Asia-Pacific
– Europe
– North America
– Middle East and Africa (MEA)
– South America
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Market Size (2023) | USD 34.3 Million |
| Base Year | 2023 |
| Forecast Year | 2024-2030 |
| CAGR (2024-2030) | 4.4% |
| Pages | 83 |
| Segments By | Application, Region |
| Regions Covered | Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America |
| Key Players | BASF SE, Jiangsu Weunite Fine Chemical Co. Ltd., Lily Holding Co. Ltd., Shandong Shangzheng New Material Technology Co. Ltd. |
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