Global Chloroacetyl Chloride Market Growth

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Global Chloroacetyl Chloride Market Growth
Global Market Study on Chloroacetyl Chloride:
Active Pharmaceutical Ingredient Application
Segment to Remain Dominant Through 2024
R e s e a r c h
Report Media Releases
Global Chloroacetyl Chloride Market Accounted for a Value
Share of US$ 382.9 Mn in 2015, Characterized by
Increasing Growth in the Pharmaceutical Sector
Persistence Market Research delivers key insights on the global chloroacetyl chloride
market in a new report titled “Chloroacetyl Chloride Market: Global Industry Analysis and
Forecast, 2016–2024”. Global sales of chloroacetyl chloride is estimated to be valued at US$
403.1 Mn by 2016 end, witnessing a Y-o-Y growth of 5.3% over 2015. Asia Pacific is estimated
M a r k e t
to account for a market value share of 39.5% in the global chloroacetyl chloride market by 2016
end and is anticipated to remain dominant throughout the forecast period (2016 – 2024).
Fixed arable land and shortage of agricultural workers is expected to increase the dependency
on chemical fertilizers/pesticides to increase crop production and meet the rising global demand
for food. Thus, the demand for herbicides to increase crop productivity is expected to drive the
demand for chloroacetyl chloride over the forecast period and boost the growth of the global
chloroacetyl chloride market. 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
P e r s i s t e n c e
market.
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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
Global Chloroacetyl Chloride Market 2016-2024
R e s e a r c h
M a r k e t
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$ 154.6 Mn by the
end of 2016.
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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$ 159.1 Mn by the end of 2016 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 lifethreatening diseases is expected to fuel the demand for chloroacetyl chloride as a reaction
intermediate in North America over the forecast period.
P e r s i s t e n c e
The global chloroacetyl chloride market report features some of the leading companies operating
in the global chloroacetyl chloride market. Companies profiled in the report include CABB GmbH,
Daicel Corporation, Altivia Corporation, Shiv Pharmachem Ltd., Transpek Industry Limited,
Taixing Shenlong Chemical Co. Ltd., and Chengwu Chenhui Environmental Protection
Technology Co. Ltd. among others. Top companies operating in the global chloroacetyl chloride
market are focusing on enhancing their global presence by entering or expanding their footprint
in a largely untapped market.
Browse Complete Report @ http://www.persistencemarketresearch.com/marketresearch/chloroacetyl-chloride-market.asp
Global Chloroacetyl Chloride Market 2016-2024
R e s e a r c h
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Global Chloroacetyl Chloride Market 2016-2024

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