2-Aminobenzonitrile Market - Forecast(2023 - 2028)

2-Aminobenzonitrile Market Overview

The Global 2-Aminobenzonitrile Market size is forecast to reach US$280.6 million by 2027, after growing at a CAGR of 4.3% during the forecast period 2022-2027. 2-amino benzonitrile is a chemical compound that is primarily used in pharmaceutical, pesticides, and industrial applications. It is commonly also known as anthranilonitrile, and 2-cyanoaniline, and is primarily used in the production of pesticides that are used on agricultural crops to control various pests or insects. According to the United States Department of Agriculture (USDA), global grains production reached 1,498.9 million metric tons in 2021, an increase of 4.5% in comparison to 1,434 million metric tons in 2020. An increase in agricultural production along with the surging consumer preference for the installation of gardens and lawns in residential and commercial buildings acts as the major driver for the market. On the other hand, health hazards associated with the use of 2-Aminobenzonitrile may confine the growth of the market.

COVID-19 Impact

There is no doubt that the COVID-19 lockdown has significantly reduced production activities as a result of the country-wise shutdown of manufacturing sites, shortage of labor, and the decline of the supply and demand chain all over the world, thus, affecting the market. Studies show that the outbreak of COVID-19 sharply declined the production of raw materials in 2020 due to a lack of operations across multiple countries around the world. However, a steady recovery in agricultural production has been witnessed across the world since 2021. 2-aminobenzonitrile is primarily used in the production of pesticide that is used on agricultural crops to control various insects, such as aphids, whiteflies, borers, moths, and more. According to the Food and Agriculture Organization (FAO), the global agricultural production including wheat and coarse grains is expected to increase by 9% from 2021 to 2030. In this way, a steady increase in production activities from the agricultural sector is expected to increase the demand for 2-aminobenzonitrile (also known as anthranilonitrile, and 2-cyanoaniline) to control various pests from destroying the crops. This indicates a steady recovery of the market in the upcoming years.

Report Coverage

The report: “2-Aminobenzonitrile Market Report– Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Global 2-Aminobenzonitrile Industry.

By Purity: 95% - 97.9%, 98% - 98.9%, 99%, Others.
By Application: Pharmaceutical, Pesticides, Industrial, Others.
By Geography: North America (USA, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America), the Rest of the World (the Middle East, and Africa).

Key Takeaways

• Purity of 99% held a significant share in the Global 2-Aminobenzonitrile Market in 2021. Its wide range of characteristics and increased efficiency made it stand out in comparison to other types of product purity in the market.
• Pesticides application held the largest share in the Global 2-Aminobenzonitrile Market in 2021, owing to the increasing demand for 2-aminobenzonitrile for the production of pesticides used in pest control during crop production and for improving the overall crop productivity.
• Asia-Pacific dominated the Global 2-Aminobenzonitrile Market in 2021, owing to the increasing demand for 2-aminobenzonitrile from the agricultural sector of the region. For instance, according to the United States Department of Agriculture (USDA), the total wheat production in China reached up to 136.9 million metric tons in 2021, an increase of 1.6% as compared to 134.3 million metric tons in 2020.

2-Aminobenzonitrile Market Segment Analysis – By Purity

The 99% purity held a significant share in the Global 2-Aminobenzonitrile Market in 2021, owing to its increasing use in pesticide production. For instance, 99% purity of 2-aminobenzonitrile is mostly used in the manufacturing of pesticides. The high purity level of the 2-aminobenzonitrile enhances the pesticide activity and also increases the efficacy of pest control. For instance, according to the Ministry of Agriculture, India, the total pesticide consumption in India reached 10,656.56 tons in 2020, an increase of 11.1% from 9,478.05 tons in 2019. Hence, such increasing demand for pesticides is expected to increase the demand for 2-aminobenzonitrile with 99% purity for the production of pesticides, owing to its increased efficiency in pest control. This is expected to boost the market growth during the forecast period.

2-Aminobenzonitrile Market Segment Analysis – By Application

The pesticides segment held the largest share in the Global 2-Aminobenzonitrile Market in 2021 and is expected to grow at a CAGR of 4.5% between 2022 and 2027, owing to the increasing demand for pesticides for pest control during crop production across the globe. For instance, in January 2022, the government of Egypt invested around EGP 6.4 billion (US$ 413 million) for the continuation of its agricultural project. The project will focus on the production of crops such as wheat, maize, cotton, and oil. In September 2021, the Spanish government invested around EUR 13 million (US$ 15.4 million) in order to fund the country’s agricultural projects that aim at increasing the country’s food crop production capacity. Furthermore, recent insights from the US Department of Agriculture state that the global food crop production reached 2,791.5 million metric tons in 2021, and 2,719.7 million metric tons in 2020, representing an incline of 2.57% in 2021 as compared to 2020.

In this way, an increase in crop production across the world is expected to increase the demand for pesticides for controlling various pests or insects, such as aphids, borers, and moths that can cause significant damage to such food crops. This, in turn, is expected to increase the demand for 2-aminobenzonitrile (also known as anthranilonitrile, and 2-cyanoaniline) for the production of such pesticides, owing to its ability to cause 98% mortality in pests or insects. This is anticipated to drive the market during the forecast period.

2-Aminobenzonitrile Market Segment Analysis – By Geography

Asia-Pacific held the largest share in the Global 2-Aminobenzonitrile Market in 2021 up to 30%. The consumption of 2-aminobenzonitrile is particularly high in this region due to its increasing demand from the agricultural sector. For instance, according to the US Department of Agriculture, in 2020 the total food crop production in the Asia-Pacific region reached 1026.7 million metric tons in 2021, an increase of 2.7% in comparison to 998.8 million metric tons in 2020. Furthermore, the total oilseed crop production in the Asia-Pacific region reached 127.6 million metric tons in 2020, and 131 million metric tons in 2021, representing a growth of 2.6% in 2021.

Thus, such surging production of food crops in the Asia-Pacific region is expected to drive the demand for 2-aminobenzonitrile for the production of pesticides that can be used for pest control during crop production and for improving the overall crop productivity. This is expected to boost the growth of the market in the upcoming years.

2-Aminobenzonitrile Market Drivers

An increase in agricultural production is most likely to increase demand for the product

2-Aminobenzonitrile (also known as anthranilonitrile, and 2-cyanoaniline) is used in the manufacturing of pesticide that is primarily used on agricultural crops to control various insects, such as borers, whiteflies, and more from destroying the crops and for improving the overall productivity. It is known to cause 98% mortality in pests or insects. For instance, according to the Department of Agriculture & Farmers Welfare, the total vegetable production in India reached 191.8 million metric tons in 2019, an increase of 4.7% in comparison to 2018. Likewise, according to the Food and Agriculture Organization, China produced around 588.26 million metric tons of vegetables in 2019. Furthermore, according to the European Union, the total production of fruits in the European region reached around 36.8 million metric tons in 2020, among which apples and pears production were the highest at 14.3 million metric tons, equivalent to 38.9% of the total fruit production in the region. Hence, such surging agricultural production across multiple regions is expected to increase the demand for 2-aminobenzonitrile, thus, resulting in the growth of the market in the upcoming years.

Surging consumer preference toward the installation of gardens and lawns in residential and commercial buildings is most likely to increase demand for the product

The inclusion of gardens and lawns in residential and commercial buildings offers pleasing aesthetics and aromas along with a range of other benefits. The presence of gardens and lawns in a building can act as a natural coolant, and air cleaners, as they play a significant role in absorbing carbon dioxide, dust, and other pollutants while producing oxygen and improving the overall air quality. Moreover, lawns and plants can considerably reduce noise pollution and are capable of reducing noise levels by 20% to 30%. Furthermore, gardens and lawns help in preventing erosion and protecting the water quality by absorbing the excess runoff during rainfall. Owing to these benefits, consumer preference for the installation of gardens and lawns in residential and commercial buildings has been increasing in recent years, which in turn, is expected to drive the demand for 2-aminobenzonitrile in order to protect such gardens and lawns from damage caused by unwanted pests or insects, as it is primarily used in the production of pesticides. This is expected to propel market growth in the upcoming years.

2-Aminobenzonitrile Market Challenges

Health hazards associated with the use of 2-Aminobenzonitrile can cause an obstruction to the market growth

2-aminobenzonitrile is considered hazardous and it is known to cause acute toxicity in case of inhalation or ingestion. It is combustible in nature and known to cause severe skin burns and eye damage. Furthermore, in case of inhalation, it can be extremely destructive to the mucous membrane tissues and can also cause severe damage to the upper respiratory tract. In case of ingestion, can cause acute toxicity in the body. In addition to this, severe cough, headache, nausea, and shortness of breath are some of the common systems associated with exposure to 2-aminobenzonitrile. Thus, such health hazards associated with the use of 2-aminobenzonitrile may confine the growth of the market.

2-Aminobenzonitrile Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Global 2-Aminobenzonitrile Market. Global 2-Aminobenzonitrile top 10 companies are:

1. BASF
2. Capot Chemical Co., Ltd.
3. Chemik Co. Ltd.
4. Biosynth Chemistry and Biology
5. ChemPacific
6. DSL Chemicals
7. FOX-Chemicals GmbH
8. Haihang Industry Co., Ltd.
9. Hangzhou Dayangchem Co., Ltd
10. Hangzhou Meite Chemical Co., Ltd

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