Chloroacetyl chloride is an organic compound and is widely used as a building block of various important chemical reactions. It is colorless highly corrosive liquid as it gives out a pungent odor with fumes after exposure to moist air and these fumes are highly toxic in nature and are corrosive to metals. Moreover, this chemical is bi-functional and is widely used in the manufacturing of pesticides and pharmaceutical products. In the healthcare industry, it is used in the study of the in-vitro metabolism of chloroacetamide herbicides in rat and human liver microsomes. Moreover, the compound is also used to produce derivatives of quinolone that possess anti-leishmanial activity.
The global chloroacetyl chloride market was estimated to account for US$ 450.7 million in terms of revenue in 2018 and is predicted to grow at a CAGR of 5.6% during the forecast period (2019 to 2027).
Growing demand for chloroacetyl chloride as acylating agent for the production of intermediates chemicals is expected to fuel the market growth chloroacetyl chloride. Acylation reactions are used generally used to produce organic chemicals that have a wide range of chemical and biological applications. Acylation reactions are mainly used for manufacturing of industrial chemicals and pharmaceutical products in which protein assembly is important. Therefore, rising demand for chloroacetyl chloride as an acylating agent as a intermediate is expected to fuel the market growth.
Growing usage of chloroacetyl chloride for manufacturing of cellulose-derived products is expected to fuel the market growth of chloroacetyl chloride. Chloroacetyl chloride is used as the precursor of cellulose-derived products and reaction of chloroacetyl cellulose with other groups produces highly substituted cellulose derivatives. Cellulose-derivative product is widely used across films, water-resistant coatings for medicines, removable coatings for photographic films, and photo-bactericidal plastic films. Hence, rising usage of chloroacetyl chloride for production of cellulose-derived products is expected to offer new room for a growth opportunity to the market of chloroacetyl chloride.
Chloroacetyl chloride is claimed to have few side-effects on human health upon breathing, this include eye irritation, skin issues, irritation in the nose and throat and it can also cause coughing. Moreover, higher exposure can also lead to an accumulation of fluid in the lungs and that can ultimately result in breathing problems. Therefore, the aforementioned side-effects associated with the exposure of Chloroacetyl chloride is expected to curb the market growth of over the forecast timeframe.
Among manufacturing process, the chlorination of acetyl chloride segment contributed for the substantial share of 37.3% in the global chloroacetyl chloride market in 2018, reporting US$ 167.9 million in terms of revenue. The chlorination of acetyl chloride process was followed by oxidation of 1, 1-dichloroethylene process, in terms of revenue share.
Increasing investment by major players to enhance the production of chloroacetyl chloride is expected to boost the market growth of chloroacetyl chloride over the forecast timeframe. For instance, in November 2017, Anjaniya Industries has announced to set up a chemicals unit in Meghnagar in Jhabhua district in Madhya Pradesh. The project involves setting up of manufacturing facility to produce specialty chemicals like Chloro Acetyl Chloride (150 mtpm), Mono Chloro Acetic Acid (100 mtpm) and Hydrochloric Acid (30%) (300 mtpm) as a by-product.
Increasing exports of plastic products is another major trend that is expected to propel the demand of chloroacetyl chloride as it is used in the production of plastic film. According to the India Brand Equity Foundation, during April-October 2018, top five importers of Indian plastic products were China (US$ 553.42 million), U.S. (US$ 234.76 million), Italy (US$ 188.31 million), Bangladesh PR (US$ 168.33 million) and UAE (US$ 159.02 million).
Key players active in the global chloroacetyl chloride market are Daicel Corporation, ALTIVIA Petrochemical, LLC, Shiva Pharmachem Ltd., CABB, Transpek Industry Limited, Triveni Chemicals, Taixing Shenlong Chemical Co., Ltd, Chengwu Chenhui Environmental Protection Technology Co., Ltd., Zouping Qili Additives Co.Ltd, and YiDu Jovian Industry Co., Ltd.
Few Recent Developments
ALTIVIA Petrochemicals, LLC
By Manufacturing Process
Joining thousands of companies around the world committed to making the Excellent Business Solutions.