Acid Chlorides Market | Size, Application, Revenue, Types, Trends in Future, Scope to 2032
According to Future Market Insights, the Global Acid Chlorides Market is expected to grow from US$ 2,430.9 Million in 2022 to US$ 3,903 Million by 2032, with overall demand accelerating at 4.9% CAGR throughout the forecast period (2022-2032).
Rising application of acid chlorides in pharmaceuticals, chemical reagents, plastic & pigments, organic peroxides, and agrochemicals is a key factor driving the global market and the trend is expected to continue during the forecast period.
Since cardiovascular diseases like atherosclerosis are becoming more common, demand for pharmaceuticals like aspirin continues to climb. According to data from the National Center for Biotechnology Information (NCBI) published in 2021, more than 30% of Americans used aspirin in 2019.
Furthermore, it is projected that sustained pharmaceutical demand will drive market revenue growth over the next few years. Apart from pharmaceutical applications, demand for acid chlorides is also witnessing substantial growth opportunities in the agrochemical sector.
Consistent population growth is propelling sales of agrochemicals to increase crop yields to meet the growing food demand. Being key active ingredients, various acid chlorides are experiencing elevated demand levels from agrochemical sector. On the other hand, various health hazards ****ociated with exposure to a wide spectrum of acid chlorides and the regulations ****ociated with them are limiting market expansion
"Growing prevalence of heart diseases and increasing demand for pharmaceuticals like aspirin are anticipated to propel the sales of acid chlorides over the forecast period," says an FMI ****yst.
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Who is Winning?
According to FMI ****ysis, 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., Twin Lake Chemical Inc., Shiva Pharmachem Ltd., Rheinmetall AG, and others are identified as the key manufacturers in the Acid Chlorides market.
These key players are constantly focusing on increasing their production capacities to meet end user demands. They are establishing new production facilities if upgrading older ones, besides forming partnerships and alliances with other companies.
Acid Chlorides Industry Segmentation
By Product Type:
Ethanoyl Chloride
Propanoyl Chloride
Butanoyl Chloride
Benzoyl Chloride
Chloroacetyl Chloride
Thionyl Chloride
Palmitoyl Chloride
Others
By Application :
Chemical Reagents
Plastic and Pigments
Organic peroxides
Agrochemicals
Pharmaceuticals
Others
By End Use :
Pharmaceuticals
Agriculture
Plastics
Dyes & Inks
Cosmetic
Others
More Insights into the Acid Chlorides Market Report
In its latest report, FMI offers an unbiased ****ysis of the global Acid Chlorides Market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the market potential, its growth, and scope, the market is segmented based onProduct Type, Application, End Use and Region.
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