Chloroacetyl Chloride Market

Global Market Study on Chloroacetyl Chloride: Active Pharmaceutical Ingredients Application Segment to Remain Dominant Through 2024

Chloroacetyl Chloride Market Segmented By Chlorination of Acetyl Chloride, Oxidation of 1,1-dichloroethylene Manufacturing Process in Herbicides, Chemical Production, Active Pharmaceutical Ingredients

Market Overview

Chloroacetyl chloride, a colorless to yellow liquid, is a bi-functional compound that is useful as a chemical building block. This chemical is mainly used in the production of herbicides market, in the formulation of active pharmaceutical ingredients, and in the production of other useful chemicals. The global chloroacetyl chloride market was valued at US$ 382.9 Mn in 2015 and is anticipated to register a CAGR of 5.6% in terms of value over the forecast period (2016–2024).

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Companies

Company Profiles

  • 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
  • YiDu Jovian Industry CO., LTD
  • Strategic Recommendations
  • Others

Market Dynamics

The main use of chloroacetyl chloride is in the manufacturing of herbicides used in agriculture. Especially, popular herbicides such as alachlor and butachlor are manufactured using chloroacetyl chloride. However, due to the fact that such herbicides create environmental pollution, production and use of alachlor and butachlor has been banned in the EU region. However, several countries in Latin America and in the Asia Pacific region continue the use of such herbicides and therefore the demand of these herbicides is steady and rising.

This is expected to boost the growth of the global chloroacetyl chloride market. In case of medical emergencies, the human body is unable to produce the adrenalin hormone. Thus, demand for externally produced adrenalin is expected to increase due to an increasing risk of life threatening diseases. Chloroacetyl chloride is used in the production of epinephrine (adrenalin hormone). This is also expected to fuel the growth of the global chloroacetyl chloride market over the forecast period. 

However, adoption of substitutes of chloroacetyl chloride in herbicides and in active pharmaceutical ingredients can hamper the growth of the global chloroacetyl chloride market over the forecast period.

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Segment Analysis

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 estimated to account for 35% volume share in 2015 and is estimated to register a CAGR of 3.7% over the forecast period.

The others segment is estimated to dominate the market over the forecast period. The 1,1-dichloroethylene (vinylidene chloride) segment is anticipated to lose its market share over the forecast period. This is mainly attributed to the consumption of vinylidene chloride in the polymerization process for consumer products.

On the basis of application, the global chloroacetyl chloride market can be segmented into herbicides, active pharmaceutical ingredients, and chemical production. Alachlor, butachlor, and acetochlor among the chloroacetanilide family are produced from chloroacetyl chloride. These herbicides are widely used in weed control. However, banning of alachlor and butachlor in European countries is expected to hamper the growth of the chloroacetyl chloride market.

However, use of chloroacetyl chloride in the production of other herbicides in the chloroacetanilide family is expected to fuel the growth of the herbicides segment over the forecast period. The active pharmaceutical ingredients segment is estimated to account for 38.4% value share and remain dominant throughout the forecast period. The chemical production segment is estimated to account for 24.4% volume share over the forecast period.

chloroacetyl chloride market

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Regional Analysis

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. Asia Pacific dominated the market with over 40% of the overall global chloroacetyl chloride market volume share in 2015. The market in Asia Pacific is anticipated to register the highest CAGR in terms of value and volume over the forecast period. Latin America is anticipated to emerge as the most attractive region in terms of market share and CAGR during the forecast period.

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Key Market Players

Some of the key players identified in the global chloroacetyl chloride market are 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.

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