Chloroacetyl Chloride Market Segmented By Chlorination of Acetyl Chloride, Oxidation of 1,1-dichloroethylene Manufacturing Process in Herbicides, Chemical Production, Active Pharmaceutical Ingredients.
Persistence Market Research analyzes the global chloroacetyl chloride market over an eight year period from 2021 to 2027 in a new publication. The study demonstrates market dynamics and trends across regions that are expected to influence the current status and future prospects of the global chloroacetyl chloride market over the forecast period (2021 -2027).
The primary objective of the report is to offer information on market drivers, restraints, trends, opportunities, and value chain analysis; and updates on developments in the global chloroacetyl chloride market. The report conducts a quantitative as well as qualitative assessment of the global chloroacetyl chloride market.
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Chloroacetyl Chloride (CAC) is an organochlorine compound with the molecular formula ClCH2COCl. This colorless liquid is a derivative of acetic acid and has been used as a chemical intermediate in the production of pharmaceuticals, agricultural chemicals, and other specialty chemicals. Chloroacetyl chloride is also used as a fumigant and pesticide. The largest use of chloroacetyl chloride is in the production of aspirin and other acetylsalicylic acid derivatives. Chloroacetyl chloride can also be converted to vinyl chloride, which is the monomer for polyvinyl chloride (PVC).
Factors affecting Chloroacetyl Chloride Market have been studied in a detailed fashion to give a better understanding regarding the current status and the prospects. The various economic and demographic factors that influence the market have been presented in the study. The impact of important markers such as pricing, demand and supply, and population levels have been studied in this report. The forecast regarding Chloroacetyl Chloride Market extending up to the year 2027 has been provided based on the conclusions from the aforementioned factors.
The use of chloroacetyl chloride in the production of active pharmaceutical ingredients and as an acylating agent in various reactions is expected to increase over the forecast period and fuel overall growth of the global chloroacetyl chloride market. However, adoption of substitutes of chloroacetyl chloride in herbicides and in active pharmaceutical ingredients can hamper the growth of the global chloroacetyl chloride market over the forecast period.
Key Players-
- Daicel Corporation
- ALTIVIA Petrochemicals Corporation
- CABB
- Shiva Pharmachem Ltd
- Transpek Industry Limited
- Triveni Chemicals
- Taixing Shenlong Chemical Co., Ltd
- Chengwu Chenhui Environmental Protection Technology Co., Ltd. and more
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Market forecast
On the basis of manufacturing process, the global chloroacetyl chloride market can be segmented into chlorination of acetyl chloride, oxidation of 1,1-dichloroethylene, and others. The others segment is expected to witness a significant growth over the forecast period. This is mainly attributed to the development of new processes. Reaction of chloroacetic acid with chlorinating agents such as phosgene and phosphoms trichloride is expected to augment the share of the others segment over the forecast period.
On the basis of application, the global chloroacetyl chloride market can be segmented into herbicides, active pharmaceutical ingredients, and chemical production. The herbicides segment is expected to witness stagnant growth over the forecast period due to a ban in Europe as well as few other countries on the use of alachlor and butachlor herbicides that are made from chloroacetyl chloride. However, use of chloroacetyl chloride as an intermediate in other herbicides products is expected to increase 1.3X over the forecast period.
The active pharmaceutical ingredients segment is expected to witness significant growth over the forecast period. Recent outbreaks and increasing life threatening diseases have increased the demand for active pharmaceutical ingredients with complex protein assembly. Thus, it is expected to increase the demand for chloroacetyl chloride as an intermediate over the forecast period. The active pharmaceutical ingredients segment is estimated to be valued at US$ 254.6 Mn by the end of 2022.
On the basis of region, the global chloroacetyl chloride market has been segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Sales of chloroacetyl chloride in the APAC region is estimated to be valued at US$ 259.1 Mn by the end of 2022 and this region is expected to remain dominant throughout the forecast period.
Latin America is expected to witness a significant growth over the forecast period. This growth is mainly attributed to developing economies in Latin America that are investing in production facilities in agrochemicals and pharmaceuticals. Development in APIs due to increasing risk of life-threatening diseases is expected to fuel the demand for chloroacetyl chloride as a reaction intermediate in North America over the forecast period.
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Key Questions Answered in Chloroacetyl Chloride Market Report –
Who are the Major Manufacturers and Suppliers of Chloroacetyl Chloride?
What will the Chloroacetyl Chloride Market growth rate in Future?
What are the key factors driving the global Chloroacetyl Chloride Market?
Who are the key manufacturers in Chloroacetyl Chloride Market space?
What are the opportunities and threats faced by the vendors in the global Chloroacetyl Chloride industry?
What are sales, revenue, and price analysis by regions of Chloroacetyl Chloride industry?
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