Global Benzotrifluoride (CAS Number: 98-08-8) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Benzotrifluoride (CAS Number: 98-08-8) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Benzene trifluoride is a chemical substance with the molecular formula C7H5F3. Benzene trifluoride is a colorless liquid with an aromatic odor. Insoluble in water, soluble in ethanol, ether, acetone, benzene, carbon tetrachloride, etc. Benzene trifluoride can be used to manufacture drugs, dyes, and as vulcanizing agents, insecticides, etc.

Market Overview:

The latest research study on the global Benzotrifluoride (CAS Number: 98-08-8) market finds that the global Benzotrifluoride (CAS Number: 98-08-8) market reached a value of USD 402.87 million in 2022. It’s expected that the market will achieve USD 560.62 million by 2028, exhibiting a CAGR of 5.66% during the forecast period.

Influence of COVID-19 Outbreak on Benzotrifluoride (CAS Number: 98-08-8) Industry Development

The raging COVID-19 has plunged the global economic environment into depression. The impact of COVID-19 on the BTF industry will involve all entities in the industry chain. The company’s management efficiency has declined, commuting has been severely hampered, production plans have been severely hampered, network expansion has been delayed, marketing has been delayed, brand adjustment has been forced, market sales have fallen, and company and employee income has fallen. The operating capacity of the middle reaches of the market declines.

In addition, due to the blockade caused by the epidemic, industries around the world have been forced to suspend. As the epidemic was gradually brought under control, business gradually resumed. However, the recent rebound of the epidemic and the spread of mutant viruses have further tightened epidemic prevention measures. This has led to a decline in the demand for BTF in downstream industries.

Limitations

Due to its flammability, BTF is a hazardous substance, easily ignited by heat, sparks or flame. The chemical is also known to cause many health hazards, for example, lung irritation, cough caused by repeated exposure, excessive phlegm and shortness of breath can aggravate bronchitis. Due to its high toxicity, many countries around the world also prohibit its use, which may also affect aquatic organisms. Therefore, BTF is a hazardous chemical substance, so its use is restricted to a certain extent.
BTF is an alternative solvent for dichloromethane. Dichloromethane has the advantages of strong solubility and low toxicity. It is widely used in the manufacture of safety film and polycarbonate, and the rest is used as coating solvent, metal degreasing agent, aerosol spray, polyurethane foaming agent, mold release agent, Lacquer. Dichloromethane is a colorless liquid and is used as a reaction medium in the pharmaceutical industry to prepare ampicillin, ampicillin, and cephalosporin. The existence of other BTF substitutes hinders the growth of the benzene trifluoride market.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

Jiangsu Fenghua Chemical Industry Co., Ltd. is one of the major players operating in the Benzotrifluoride (CAS Number: 98-08-8) market, holding a share of 7.49% in 2020.

Jiangsu Fenghua Chemical Industrial Co., Ltd is a professional fine chemical manufacturer specialized in developing and producing various Fluorochemicals. Fenghua has a good command of the key technologies: Chlorination, Fluorination, Bromination, Nitration, Ammoniation Hydrogenation of Chloro-aromatics, and Reactions of Reduction, Diazotization, Cyanation, Grignard.

Founded in 1985, Zhejiang Weihua Chemical Co., Ltd. is a national high-tech enterprise integrating technology development, product production and trade. The company's main products are fluorinated aromatic intermediates, toluene chloride and new refrigerants, among which trifluorotoluene series products are at the leading level in terms of production scale and product quality.

Segmentation Overview:

Among different product types, Chlorobenzotrifluoride segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Chemical Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Benzotrifluoride (CAS Number: 98-08-8) market covered in Chapter 3:

Jiangsu ChangSanJiao Fine Chemical
Kingchem-Liaoning Chemical Co., Ltd.
Zhejiang Weihua Chemical
Tokyo Chemical Industry Co. Ltd.
Jiangsu Fenghua Chemical Industry Co., Ltd.
Zhejiang Kangfeng Chemicals Co., Ltd.
Navin Fluorine International Limited
Wylson-Chem Co., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Benzotrifluoride (CAS Number: 98-08-8) market from 2018 to 2029 is primarily split into:

Aminobenzotrifluoride
Chlorobenzotrifluoride
2,4-Dichloro-3,5-dinitrobenzotrifluoride
3,4-Dichlorobenzotrifluoride
3-Fluorobenzotrifluoride
2-Trifluoromethyl benzamide
2-Bromo-5-fluoro benzotrifluoride
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Benzotrifluoride (CAS Number: 98-08-8) market from 2018 to 2029 covers:

Pharmaceuticals
Dye Industry
Chemical Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)