Chloroacetyl Chloride Market Size, Trends, Shares, Insights And Forecast 2027

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2. CHLOROACETYL CHLORIDE MARKET ANALYSIS(2019-2027) Chloroacetyl Chloride Market, By Manufacturing Process (Chlorination of Acetyl Chloride, Oxidation of 1,1-dichloroethylene, Others), By Application (Herbicides, Active Pharmaceutical Ingredient, Chemical Production), and By Regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

3. 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. • Growing production of adrenaline for medical usage for treating a serious condition such as anaphylaxis, cardiac arrest, and croup is expected to fuel the market growth of the chloroacetyl chloride. Also, sometimes the body is unable to produce adrenalin hormone, in this situation synthetically prepared adrenalin hormone is supplied to the patient which is produced through the reaction of catechol and chloroacetyl chloride. Hence, the rising demand for synthetically prepared adrenalin hormone is projected to propel the market growth of chloroacetyl chloride. 

4. Regionally, Asia-pacific dominated the global chloroacetyl chloride market in 2018, reporting 39.5% market share in terms of revenue, followed by Latin America and North America, respectively • Market Restraints • Growing adoption of biodegradable herbicides in agrochemical industry is a prime factor expected to hinder the market growth of chloroacetyl chloride. Rising concern over environment sustainability due to growing cases of soil erosion and water pollution which ultimately leads to the degradation of land and water. Due to this various organization are is further anticipated to restrict the usage of herbicide in the agrochemical industry, which in turn hampering the market growth of chloroacetyl chloride. • Ban of pesticide in Europe due to rising concern over the environment is expected to hinder the market growth of Chloroacetyl chloride. For instance, in March 2019, the EU bans UK's most-used pesticide over health and environmental concern. European Union will ban the most-commonly used pesticides after safety officials reported human health and environmental concerns. Hence, the ban of pesticide in Europe is expected to negatively affect the market growth chloroacetyl chloride. • 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. • Expanding chemical industry around the globe especially in Asia Pacific region is projected to propel the market growth of chloroacetyl chloride. According to The Economic Times, the India chemical industry is expected to grow at around 9% per annum to reach US$ 304 billion by FY25, from US$ 163 billion in FY18. The growth is likely to be driven by rising demand in end-use segments for specialty chemicals and petrochemicals intermediates. Hence, expanding chemical industry is expected to foster the market growth over the forecast period.

5. Figure 1. Global Chloroacetyl Chloride Market, Revenue Share (%), By Region, 2018

6. Figure 2. Global Chloroacetyl Chloride – Market Opportunity Analysis

7. 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. • Expanding pharmaceutical industry due to high economic growth and increasing government initiatives especially in the Asia Pacific region is expected to foster the market growth of chloroacetyl chloride. According to the India Brand Equity Foundation, India is the largest provider of generic drugs globally. Indian pharmaceutical sector industry supplies over 50% of global demand for various vaccines, 40% of generic demand in the U.S. and 25% of all medicine in U.K. The pharmaceutical sector was valued at US$ 33 billion in 2017. The country’s pharmaceutical industry is expected to reach US$ 55 billion, growing at a CAGR of 22.4% over the forecast period (2015–2021) • On the basis of application, in 2018, active pharmaceutical ingredient segment, accounted the largest market share of 38.5% in terms of revenue, followed by herbicides and chemical production, respectively.

8. Figure 3. Global Chloroacetyl Chloride Market, Revenue Share (%), By Application, in 2018

9. 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, ChengwuChenhui Environmental Protection Technology Co., Ltd., ZoupingQili Additives Co.Ltd, and YiDu Jovian Industry CO., Ltd.

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