Fluorobenzonitrile Market
Fluorobenzonitrile Market By Grade (<98%, >98%), By End-Use Vertical (Chemical, Pharmaceuticals, Cosmetic, Agrochemicals, Textile) & By Region (North America, Latin America, Europe, East Asia) - Global Market Insights 2023 to 2033
Analysis of Fluorobenzonitrile Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Fluorobenzonitrile Market Growth Outlook (2023 to 2033)
The global fluorobenzonitrile market is set to estimate a valuation of US$ 47.5 million in 2023 and it is anticipated to grow at a CAGR of 4.8% to reach US$ 75.9 million by the end of 2033.
Fluorobenzonitrile is an organic compound that is widely used as a solvent for perfumes in the cosmetic industry. Further, it is used in the synthesis of pharmaceutical prerequisites, fluorenone, as well as opioid receptor antagonists.
| Report Attributes | Details |
|---|---|
| Market Size (2022A) | US$ 45.3 Million |
| Estimated Market Value (2023E) | US$ 47.5 Million |
| Forecasted Market Value (2033F) | US$ 75.9 Million |
| Global Market Growth Rate (2023 to 2033) | 4.8% CAGR |
| North America Market Share (2023) | ~34.3% |
| East Asia Market Growth Rate (2023 to 2033) | ~5.2% CAGR |
| Middle East & Africa Market Growth Rate (2023 to 2033) | ~4.0% CAGR |
| East Asia Market Share (2023) | ~24.2% |
| Key Companies Profiled | Capot Chemical Co., Ltd; Oceanic Pharmachem Pvt. Ltd; Manus Aktteva Biopharma LLP; VEEPRHO; Avantor |
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Sales Analysis of Fluorobenzonitrile Market
The growing use of fluorobenzonitrile in agrochemicals as an intermediate compound drives sales growth. Further, it has also applications in the pharmaceutical industry as it is used for the synthesis of antifolate and antibacterial quinazoline derivatives. Such factors are anticipated to drive the market growth.
- Short Term (2023 to 2026): Rising cosmetic industry across the globe bolsters the growth of the market and increases the sales of the product.
- Medium Term (2026 to 2029): Growing pharmaceutical industry across the globe especially across emerging economies to drive the market’s growth.
- Long Term (2029 to 2033): Development in the agricultural sector to feed the growing population and ongoing research to protect the crops from various infections increases the consumption of fluorobenzonitrile.
Over the 2018 to 2022 historical period, the global fluorobenzonitrile market registered a CAGR of 3.5%, according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 4.8% CAGR between 2023 and 2033.
Market share analysis of fluorobenzonitrile based on end-use vertical and region is provided in a nutshell in the above image. Under the end-use vertical segment, the cosmetic sub-segment dominates with a 33.7% market share in 2023.
“Demand Across Flourishing Agricultural Sector to Drive the Fluorobenzonitrile Industry”
In order to meet the growing population's food demand, the government across both developed and developing nations adopting various techniques and taking assistance from chemicals to increase productivity. On the back of this, the agrochemical sector is witnessing high growth potential.
With the growing agrochemical industry, the demand for fluorobenzonitrile increases as it is used as a chemical intermediate in the production of agrochemicals. Hence, mushrooming agrochemicals market creates immense growth opportunities for the market to grow.
“Government Regulation to Hamper the Fluorobenzonitrile Market Growth”
Governmental strict laws and regulations regarding the use and production of the chemical could impede market expansion, and side effects caused by fluorobenzonitrile such as skin irritation and others have a negative impact on the market growth.
Further, the use of chemicals is heavily influenced by governmental guidelines and FDA approvals, any modifications to rules and permissions will limit the market's expansion.
Country-wise Insights
Why the U.S. is anticipated to be Lucrative for the Fluorobenzonitrile Market?
The pharmaceutical industry is witnessing high demand due to the growing prevalence of chronic diseases on a global scale. The diseases like diabetes, cancer, chronic immune deficiencies, congestive heart failure, and others have significantly increased.
- About 133 million Americans, or 40% of the nation's population, are affected by chronic diseases.
With the rising prevalence of chronic diseases, especially cancer, the demand for anti-cancer drugs increased. With the growing demand for an anti-cancer drug, fluorobenzonitrile is to witness high growth opportunities in the US market, as it is used for the synthesis of antifolate and antibacterial quinazoline derivatives.
Why is the India Fluorobenzonitrile Market Expected to Be Highly Lucrative?
Government initiatives and schemes create lucrative opportunities for the agrochemical market, which boost the market growth as fluorobenzonitrile is used in the production of pesticides. Hence, the flourishing agrochemical sector drives the market
- For instance, the government has created a 2034 vision for the chemicals and petrochemicals industry to look into ways to increase domestic production, decrease imports, and draw in investment.
- In order to build an ecosystem for end-to-end manufacturing, the government intends to execute a production-link incentive strategy with 10–20% output incentives for the agrochemical industry.
For the benefit of farmers, the government urged agrochemical industry participants to come out with new molecules of global standards. Further, CropLife India, the industry body, argued for stable regulatory and policy frameworks to support the sector's growth.
The aforementioned factors drive the agrochemical market growth, hence, fluorobenzonitrile is anticipated to witness growth on the back of the mushrooming agrochemical industry.
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Category-wise Insights
By Grade, >98%, increases the demand for the product
Based on grade, >98% grade segment accounted for the largest share of the fluorobenzonitrile market in 2022 and it is expected that the accelerating end-use industries such as pharmaceuticals, cosmetics, and chemicals, increase the sales of the fluorobenzonitrile market in the projected period.
Due to all of these factors, the fluorobenzonitrile market is anticipated to grow at a CAGR of 4.6% over the forecast period. It is estimated that Fluorobenzonitrile will reach a valuation of USD 28.1 million in 2023.
Will Market Growth Be Led by the Pharmaceuticals End-use?
With the flourishing pharmaceutical industry across the globe, the end-use application of fluorobenzonitrile in the synthesis of fluorenone, pharmaceutical prerequisites, and others drives the consumption of fluorobenzonitrile. Further, it also helps in the synthesis of cytokine anti-inflammatory drugs (csAIIIs).
Furthermore, pharmaceutical industries and research laboratories are growing rapidly across the globe due to which drug development gains traction at a faster pace and demand for fluorobenzonitrile market increases.
Owing to the above-mentioned factors, the demand for fluorobenzonitrile from the pharmaceutical end-use is expected to expand at a CAGR of 4.3% in the upcoming period.
Key Strategies by Market Players
Prominent fluorobenzonitrile manufacturers are Capot Chemical Co., Ltd, Oceanic Pharmachem Pvt. Ltd, Manus Aktteva Biopharma LLP, VEEPRHO, Avantor, and other prominent player.
Manufacturers are adopting various strategies for gaining high-profit margins and remaining competitive in the market. Establishing long-term trade relations with the end-users to ensure revenue growth during unfavorable trade situations.
Fact.MR has provided detailed information about the price points of key manufacturers of fluorobenzonitrile positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Fluorobenzonitrile Industry Research
-
By Grade:
- <98%
- >98%
-
By End-Use Vertical:
- Chemical
- Pharmaceuticals
- Cosmetic
- Agrochemicals
- Textile
- Others
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Grade
- 7.1. <98%
- 7.2. >98%
- 8. Global Market Analysis and Forecast, By End-Use Vertical
- 8.1. Chemical
- 8.2. Pharmaceuticals
- 8.3. Cosmetic
- 8.4. Agrochemicals
- 8.5. Textile
- 8.6. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. Capot Chemicals Co., Ltd.
- 18.2. Oceanic Pharmachem Pvt. Ltd
- 18.3. Manus Aktteva Biopharma LLP
- 18.4. VEEPRHO
- 18.5. Avantor
- 18.6. Other Prominent Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million), By Region, 2018 to 2022
Table 02. Global Market Value (US$ million) and Forecast By Region, 2023 to 2033
Table 03. Global Market Volume (Tons), By Region, 2018 to 2022
Table 04. Global Market Volume (Tons) and Forecast By Region, 2023 to 2033
Table 05. Global Market Value (US$ million), By Grade, 2018 to 2022
Table 06. Global Market Value (US$ million) and Forecast By Grade, 2023 to 2033
Table 07. Global Market Volume (Tons), By Grade, 2018 to 2022
Table 08. Global Market Volume (Tons) and Forecast By Grade, 2023 to 2033
Table 09. Global Market Value (US$ million), By End-Use Vertical, 2018 to 2022
Table 10. Global Market Value (US$ million) and Forecast By End-Use Vertical, 2023 to 2033
Table 11. Global Market Volume (Tons), By End-Use Vertical, 2018 to 2022
Table 12. Global Market Volume (Tons) and Forecast By End-Use Vertical, 2023 to 2033
Table 13. North America Market Value (US$ million), By Country, 2018 to 2022
Table 14. North America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 15. North America Market Volume (Tons), By Country, 2018 to 2022
Table 16. North America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 17. North America Market Value (US$ million), By Grade, 2018 to 2022
Table 18. North America Market Value (US$ million) and Forecast By Grade, 2023 to 2033
Table 19. North America Market Volume (Tons), By Grade, 2018 to 2022
Table 20. North America Market Volume (Tons) and Forecast By Grade, 2023 to 2033
Table 21. North America Market Value (US$ million), By End-Use Vertical, 2018 to 2022
Table 22. North America Market Value (US$ million) and Forecast By End-Use Vertical, 2023 to 2033
Table 23. North America Market Volume (Tons), By End-Use Vertical, 2018 to 2022
Table 24. North America Market Volume (Tons) and Forecast By End-Use Vertical, 2023 to 2033
Table 25. Latin America Market Value (US$ million), By Country, 2018 to 2022
Table 26. Latin America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 27. Latin America Market Volume (Tons), By Country, 2018 to 2022
Table 28. Latin America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 29. Latin America Market Value (US$ million), By Grade, 2018 to 2022
Table 30. Latin America Market Value (US$ million) and Forecast By Grade, 2023 to 2033
Table 31. Latin America Market Volume (Tons), By Grade, 2018 to 2022
Table 32. Latin America Market Volume (Tons) and Forecast By Grade, 2023 to 2033
Table 33. Latin America Market Value (US$ million), By End-Use Vertical, 2018 to 2022
Table 34. Latin America Market Value (US$ million) and Forecast By End-Use Vertical, 2023 to 2033
Table 35. Latin America Market Volume (Tons), By End-Use Vertical, 2018 to 2022
Table 36. Latin America Market Volume (Tons) and Forecast By End-Use Vertical, 2023 to 2033
Table 37. Europe Market Value (US$ million), By Country, 2018 to 2022
Table 38. Europe Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 39. Europe Market Volume (Tons), By Country, 2018 to 2022
Table 40. Europe Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 41. Europe Market Value (US$ million), By Grade, 2018 to 2022
Table 42. Europe Market Value (US$ million) and Forecast By Grade, 2023 to 2033
Table 43. Europe Market Volume (Tons), By Grade, 2018 to 2022
Table 44. Europe Market Volume (Tons) and Forecast By Grade, 2023 to 2033
Table 45. Europe Market Value (US$ million), By End-Use Vertical, 2018 to 2022
Table 46. Europe Market Value (US$ million) and Forecast By End-Use Vertical, 2023 to 2033
Table 47. Europe Market Volume (Tons), By End-Use Vertical, 2018 to 2022
Table 48. Europe Market Volume (Tons) and Forecast By End-Use Vertical, 2023 to 2033
Table 49. East Asia Market Value (US$ million), By Country, 2018 to 2022
Table 50. East Asia Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 51. East Asia Market Volume (Tons), By Country, 2018 to 2022
Table 52. East Asia Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 53. East Asia Market Value (US$ million), By Grade, 2018 to 2022
Table 54. East Asia Market Value (US$ million) and Forecast By Grade, 2023 to 2033
Table 55. East Asia Market Volume (Tons), By Grade, 2018 to 2022
Table 56. East Asia Market Volume (Tons) and Forecast By Grade, 2023 to 2033
Table 57. East Asia Market Value (US$ million), By End-Use Vertical, 2018 to 2022
Table 58. East Asia Market Value (US$ million) and Forecast By End-Use Vertical, 2023 to 2033
Table 59. East Asia Market Volume (Tons), By End-Use Vertical, 2018 to 2022
Table 60. East Asia Market Volume (Tons) and Forecast By End-Use Vertical, 2023 to 2033
Table 61. South Asia & Oceania Market Value (US$ million), By Country, 2018 to 2022
Table 62. South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 63. South Asia & Oceania Market Volume (Tons), By Country, 2018 to 2022
Table 64. South Asia & Oceania Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 65. South Asia & Oceania Market Value (US$ million), By Grade, 2018 to 2022
Table 66. South Asia & Oceania Market Value (US$ million) and Forecast By Grade, 2023 to 2033
Table 67. South Asia & Oceania Market Volume (Tons), By Grade, 2018 to 2022
Table 68. South Asia & Oceania Market Volume (Tons) and Forecast By Grade, 2023 to 2033
Table 69. South Asia & Oceania Market Value (US$ million), By End-Use Vertical, 2018 to 2022
Table 70. South Asia & Oceania Market Value (US$ million) and Forecast By End-Use Vertical, 2023 to 2033
Table 71. South Asia & Oceania Market Volume (Tons), By End-Use Vertical, 2018 to 2022
Table 72. South Asia & Oceania Market Volume (Tons) and Forecast By End-Use Vertical, 2023 to 2033
Table 73. MEA Market Value (US$ million), By Country, 2018 to 2022
Table 74. MEA Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 75. MEA Market Volume (Tons), By Country, 2018 to 2022
Table 76. MEA Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 77. MEA Market Value (US$ million), By Grade, 2018 to 2022
Table 78. MEA Market Value (US$ million) and Forecast By Grade, 2023 to 2033
Table 79. MEA Market Volume (Tons), By Grade, 2018 to 2022
Table 80. MEA Market Volume (Tons) and Forecast By Grade, 2023 to 2033
Table 81. MEA Market Value (US$ million), By End-Use Vertical, 2018 to 2022
Table 82. MEA Market Value (US$ million) and Forecast By End-Use Vertical, 2023 to 2033
Table 83. MEA Market Volume (Tons), By End-Use Vertical, 2018 to 2022
Table 84. MEA Market Volume (Tons) and Forecast By End-Use Vertical, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Global Market Value (US$ million) and Volume (Tons) By Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate By Region, 2023 to 2033
Figure 05. Global Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Grade, 2023 to 2033
Figure 07. Global Market Value (US$ million) and Volume (Tons) By End-Use Vertical, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By End-Use Vertical, 2023 to 2033
Figure 09. North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 10. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11. North America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 12. North America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 13. North America Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 14. North America Market Y-o-Y Growth Rate By Grade, 2023 to 2033
Figure 15. North America Market Value (US$ million) and Volume (Tons) By End-Use Vertical, 2023 & 2033
Figure 16. North America Market Y-o-Y Growth Rate By End-Use Vertical, 2023 to 2033
Figure 17. North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 18. North America Market Attractiveness Analysis By Grade, 2023 to 2033
Figure 19. North America Market Attractiveness Analysis By End-Use Vertical, 2023 to 2033
Figure 20. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 21. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 22. Latin America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 23. Latin America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 24. Latin America Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 25. Latin America Market Y-o-Y Growth Rate By Grade, 2023 to 2033
Figure 26. Latin America Market Value (US$ million) and Volume (Tons) By End-Use Vertical, 2023 & 2033
Figure 27. Latin America Market Y-o-Y Growth Rate By End-Use Vertical, 2023 to 2033
Figure 28. Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 29. Latin America Market Attractiveness Analysis By Grade, 2023 to 2033
Figure 30. Latin America Market Attractiveness Analysis By End-Use Vertical, 2023 to 2033
Figure 31. Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 32. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 33. Europe Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 34. Europe Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 35. Europe Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 36. Europe Market Y-o-Y Growth Rate By Grade, 2023 to 2033
Figure 37. Europe Market Value (US$ million) and Volume (Tons) By End-Use Vertical, 2023 & 2033
Figure 38. Europe Market Y-o-Y Growth Rate By End-Use Vertical, 2023 to 2033
Figure 39. Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 40. Europe Market Attractiveness Analysis By Grade, 2023 to 2033
Figure 41. Europe Market Attractiveness Analysis By End-Use Vertical, 2023 to 2033
Figure 42. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 43. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 44. East Asia Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 45. East Asia Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 46. East Asia Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 47. East Asia Market Y-o-Y Growth Rate By Grade, 2023 to 2033
Figure 48. East Asia Market Value (US$ million) and Volume (Tons) By End-Use Vertical, 2023 & 2033
Figure 49. East Asia Market Y-o-Y Growth Rate By End-Use Vertical, 2023 to 2033
Figure 50. East Asia Market Attractiveness Analysis By Country, 2023 to 2033
Figure 51. East Asia Market Attractiveness Analysis By Grade, 2023 to 2033
Figure 52. East Asia Market Attractiveness Analysis By End-Use Vertical, 2023 to 2033
Figure 53. South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 54. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 55. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 56. South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 57. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 58. South Asia & Oceania Market Y-o-Y Growth Rate By Grade, 2023 to 2033
Figure 59. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By End-Use Vertical, 2023 & 2033
Figure 60. South Asia & Oceania Market Y-o-Y Growth Rate By End-Use Vertical, 2023 to 2033
Figure 61. South Asia & Oceania Market Attractiveness Analysis By Country, 2023 to 2033
Figure 62. South Asia & Oceania Market Attractiveness Analysis By Grade, 2023 to 2033
Figure 63. South Asia & Oceania Market Attractiveness Analysis By End-Use Vertical, 2023 to 2033
Figure 64. MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 65. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66. MEA Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 67. MEA Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 68. MEA Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 69. MEA Market Y-o-Y Growth Rate By Grade, 2023 to 2033
Figure 70. MEA Market Value (US$ million) and Volume (Tons) By End-Use Vertical, 2023 & 2033
Figure 71. MEA Market Y-o-Y Growth Rate By End-Use Vertical, 2023 to 2033
Figure 72. MEA Market Attractiveness Analysis By Country, 2023 to 2033
Figure 73. MEA Market Attractiveness Analysis By Grade, 2023 to 2033
Figure 74. MEA Market Attractiveness Analysis By End-Use Vertical, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the Global Fluorobenzonitrile Market Size?
The global fluorobenzonitrile market is valued at US$ 47.5 million in 2023.
How is the market for Fluorobenzonitrile Expected to Fare Going Forward?
Worldwide demand for fluorobenzonitrile is anticipated to reach US$ 75.9 million by 2033-end.
How did the Market Perform Over the Last Few Years?
During 2018 to 2022, sales of fluorobenzonitrile increased at 3.5% CAGR.
Which Regional Fluorobenzonitrile Market Accounts for a Leading Market Share?
North America tops the global fluorobenzonitrile market accounting for 34.3% market share.
Which End-Use Vertical Segment holds the Highest Market Share?
Cosmetic segment account for a 33.7% share of global sales.
Fluorobenzonitrile Market