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What Is The Total Market Value Of Global Chloroacetyl Chloride Industry Report?

Chloroacetyl Chloride Market report studied the assessment of worldwide data, competitive analysis, industry players, and their scope. Also analysis the tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis. The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, and forecast regions.

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Chloroacetyl chloride is one of the most versatile compounds that is used as an intermediate in the synthesis of many organic chemical compound. It has chemical formula C2H2Cl2O and the major use of the chloroacetyl chloride is in the preparation of herbicides and is also useful as a chemical building block. The product is obtained by the process of chlorination of acetyl chloride in the presence of stronger aliphatic acids. Moreover, this chemical is also used in the preparation of various pharmaceutical formulation. Some of the major herbicides that are manufactured by using chloroacetyl chloride are chloroacetyl chloride.

Global chloroacetyl chloride market is estimated to reach US$ 735.7 million in terms of revenue by the end of 2027, growing at a CAGR of 5.6% during the forecast period (2019-2027)

Drivers:

Increasing usage of herbicides due to rising population base and decrease in the arable land is predominantly fueling the market growth of Chloroacetyl chloride. Also, shortage of labor has further increased the dependency on herbicides which is again propelling the market growth. Moreover, rising usage of herbicides such as acetochlor, butachlor, and alachlor for enhancing the production yield of corn, soybean, and sorghum is also expected to foster the market growth of chloroacetyl chloride over the forecast period.

Market Opportunities

Rising demand for acids anhydrides that are mainly produced from chloroacetyl chloride is projected to propel the market growth over the forecast period. Acids Anhydrides are widely used in the preparation of pharmaceutical formulation, industrial chemicals, and perfumes. Moreover, it is also used in the manufacturing of aspirin and synthesis of heroin by diacetylation of morphine reaction. Therefore, growing demand for Acids Anhydrides from the aforementioned application is expected to propel the market growth.

Key Takeaways

Increasing the expansion of the production facility of chloride by major players to meet the rising demand across various end-use industries is expected to fuel the market growth of chloroacetyl chloride. For instance, in January 2016, US industrial chemicals manufacturer ALTIVIA has completed the construction of facilities to produce choloroacetyl chloride at its La Porte, Texas, manufacturing site. The La Porte site is a fully integrated phosgene derivative chemical production site.

Competitive Section

Key companies active in the global chloroacetyl chloride market are 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., Zouping Qili Additives Co.Ltd, and YiDu Jovian Industry CO., Ltd.

Looking For Regional Analysis Or Competitive Landscape In Chloroacetyl Chloride Market

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[Note: *The sample Includes

1) Table of Content (ToC),
2) Research Framework of the actual report, and
3) Research Methodology adopted for it.]

Important Information that can be extracted from the Report:

♦ Assessment of the COVID-19 impact on the growth of the Chloroacetyl Chloride Market

♦ Successful market entry strategies formulated by emerging market players

♦ Pricing and marketing strategies adopted by established market players

♦ Country-wise assessment of the Chloroacetyl Chloride Market in key regions

♦ Year-on-Year growth of each market segment over the forecast period 2027

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In Addition, The Years Considered For The Study Are As Follows:

Historical year – 2014 to 2018
Base year – 2019
Forecast period – 2020 to 2026

 

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