The global demand for Acid Chlorides Market is presumed to reach the market size of nearly USD 4.84 BN by 2028 from USD 3.24 BN in 2021 with a CAGR of 5.9% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Tons in 2021 and forecast to touch XX Tons by 2028 with a CAGR of XX% during 2022-2028.
Acid chlorides, also known as carboxylic acid chlorides, are organic compounds with the general formula RCOCl (R is an alkyl or aryl group). They are produced by the reaction of carboxylic acids with thionyl chloride (SOCl2) or phosphoryl chloride (PCl3). Acid chlorides are highly reactive and are commonly used as intermediates in organic synthesis.
Market Dynamics
Acid chlorides are used as intermediates in the production of plastics, which has led to a rise in demand for these chemicals as the demand for plastic products continues to increase. These are used in the synthesis of agrochemicals and in the synthesis of pharmaceuticals, which has driven the growth of the acid chlorides market as the pharmaceutical industry continues to expand globally. Companies are investing heavily in research and development activities to develop new applications for acid chlorides, which is boosting the growth of the market. The Asia-Pacific region is a major market for acid chlorides, and the increasing demand for these chemicals from countries such as China, India, and South Korea is driving the market growth in this region.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of acid chlorides. The growth and trends of Acid Chlorides Industry provide a holistic approach to this study.
Market Segmentation
This section of the acid chlorides market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Ethanoyl Chloride
- Propanoyl Chloride
- Butanoyl Chloride
- Benzoyl Chloride
- Chloroacteyl Chloride
- 2-Ethylhexanoyl Chloride
- Palmitoyl Chloride
- Others
By Application
- Chemical Reagents
- Plastics And Pigments
- Organic Peroxides
- Agrochemical Production
- Pharmaceutical Production
- Others
By End-Use
- Pharmaceutical Industry
- Agricultural Industry
- Plastics Industry
- Dyes And Inks Industry
- Cosmetic Industry
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Acid Chlorides market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Acid Chlorides Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the acid chlorides market include Altivia, BASF, Novaphene, CABB Chemicals, Orion Chem Pvt. Ltd., Wilmar International, Transpek Industry Ltd., VanDeMark Chemical Inc., Kuhlmann Europe, R. Drugs and Intermediates Pvt. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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