Chloroacetonitrile Market

Chloroacetonitrile Market By Application (Raw Material, Organic Synthesis, Analytical Reagents, Pharmaceutical Intermediate, Pesticides) & By End User - Global Review 2021 To 2031

Analysis of Chloroacetonitrile market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Market Overview

The global demand for chloroacetonitrile witnessed a massive downfall in the first half of 2020 on account of lockdown and social distancing barriers implemented due to the spread of coronavirus disease throughout the world. Big as well as small manufacturing companies went through the worst phase and suffered heavy losses in 2020. To overcome the previous losses, business firms in 2021 are focusing on research and developments to ensure uniqueness in their services.

Leading corporations including Merck KGaA, Tokyo Chemical Industry Co., Ltd., ChemTik, Acadechem Company Limited, MP Biomedicals LLC, Alfa Aesar, Thermo Fisher Scientific, Angene Chemical, Phion Ltd, Finetech Industry Limited, Tractus, Toronto Research Chemicals and others are making high investments in the establishment of research institutes in different regions to come up with improvements in their offerings. They are adopting business strategies such as sales contracts, strategic alliances, acquiring technical expertise, product approvals, patents and events, joint ventures, partnership agreements, collaborations, digital marketing, mergers and acquisitions, capacity utilisations, technological advancements etc to lead the global market for chloroacetonitrile with largest market share.

For instance, Merck announced extension of its existing strategic joint research collaboration with Technical University of Darmstadt (TU Darmstadt), Darmstadt, Germany, by another five years. This collaboration ran for 15 years and is going to run for another 5 years. The joint research platform is known as “Sustainability Hub” and is aimed to be set up from the perspective of sustainability. This platform would be open to all business sectors of Merck and all the departments of the TU Darmstadt. The collaboration focuses on development of new and sustainable solutions and 4 key areas- circular economy, digital sustainability, responsible handling of raw materials and new alternatives, and innovative processes and procedures inspired by biology.

China is one of the most prominently growing regions in terms of chloroacetonitrile market owing to its fast growing pharmaceutical and chemical industries. The European region is projected to gain pace in the through 2030 due to the growth in the pesticide industry. All the other key regions such as North America, Latin America, Japan, APEJ and MEA are driving the market growth and opening various opportunities for manufacturers

Several epidemiological researches show that chloroacetonitrile can present a hazard to human health, and it exists on many hazardous substance lists, being cited by Department of Transportation (DOT) and National Fire Protection Association (NFPA), however no occupational exposure limits have been established for chloroacetonitrile.

Breathing chloroacetonitrile cause irritation in nose, lungs, and lead to shortness of breath, and other health issues associated with it, could hinder the growth in chloroacetonitrile market. The graving health concerns related to chloroacetonitrile are prompting the manufacturers of chloroacetonitrile to embrace advancing technology to lessen the damaging impact of chloroacetonitrile.

Chloroacetonitrile is highly used as an eluent in mass spectroscopy or liquid chromatography, however the highly toxic nature and its need for very extreme storage conditions, continue to increase challenges for the players in chloroacetonitrile market, as the users are rapidly exploring and adopting the substitutes for chloroacetonitrile to avoid any kind of health-related menace.

Amid a scenario, where the high number of health hazards associated with chloroacetonitrile continue to create hurdles for the chloroacetonitrile market players, they eye at the regions with booming pesticide, chemical, pharmaceutical, and other related industries, as a ray of hope. The chloroacetonitrile market players need to make some breakthrough in their strategy to avoid permanent stagnation.

Market Introduction

Chloroacetonitrile is a colorless and transparent fuming liquid having a pungent odour, and shows a good solubility in alcohol and ether. Chloroacetonitrile is also known as cyanide chloromethane, and is highly toxic in nature. It has also been seen that the oxidation of chloroacetonitrile in the presence of hydrogen peroxide can lead to the formation of cyanide, which is very harmful to human health. Chloroacetonitrile is stable at normal conditions, but it can react with acids, moisture, or strong oxidizing agents.

Chloroacetonitrile will produce toxic vapors of hydrogen chloride on reacting with water. Chloroacetonitrile needs very extreme storage conditions with good ventilation and low temperature, due to its high toxicity and moderate flash point. Food additives, oxidants, and acids can react with chloroacetonitrile. Hence, it should be stored away from these chemicals. Analytical methods such as liquid chromatography or mass spectroscopy use chloroacetonitrile as an eluent additive.

Chloroacetonitrile is also used by chemical industries as a raw material for the synthesis of organic chemical compounds and for analytical reagents. Chloroacetonitrile is also used in many pharmaceutical industries as an intermediate compound. Chloroacetonitrile is used by the pesticide industry in the synthesis of fumigants whose toxic vapours are used to poison and kill pests.

Market Dynamics

The rapidly growing pharmaceutical industry will be of good help for the chloroacetonitrile market growth. Various industries and organizations carrying out the research and development of new products have created the need for analytical labs, which will help the chloroacetonitrile market to grow. The need for analytical labs created by various educational sectors will also help in the growth of the chloroacetonitrile market. The growth in the demand for organic chemicals will also boost the chloroacetonitrile market.

The fast growing agricultural sector and its demand for pesticides and fertilizers is another driver for the chloroacetonitrile market. New alternatives in the market for fumigants can slow down the growth of the chloroacetonitrile market. The slightly higher cost of chloroacetonitrile may slower its market growth. The storage conditions and toxic nature of chloroacetonitrile can also slow down its market growth.

Regional Outlook

China, being a fast growing sector in the chemical, pharmaceutical, and pesticide industries, will be a good platform for the growth of the chloroacetonitrile market in the near future. The North American region, with its slow growth in chemical production and good growth in the pesticide as well as the pharmaceutical industry, will help the chloroacetonitrile market to grow up to a certain extent. Some regions of Latin America with good growth in the chemical industry and slowly growing pesticide industry will also help the chloroacetonitrile market to grow.

The European region, being a good chemicals producing region, along with good pharmaceutical industrial growth and moderately growing pesticide industry, will prove to be a prominent market for chloroacetonitrile. Japan, having a slow growth in the chemical as well as pesticide industry, but having a sound growth in the pharmaceutical industry, will be helping the chloroacetonitrile market grow to some extent. India, being another fast growing market in the chemical as well as pesticides and pharmaceutical industrial sectors, will be a very good platform for the growth of the chloroacetonitrile market.

The Middle Eastern and African region, having moderate growth in the chemical industrial sector and slow growth of the pharmaceutical and pesticide industries, will stagnate the chloroacetonitrile market growth. The South East Asian and Pacific regions, having moderate growth in the pesticide, pharmaceutical, and chemical industries in recent years, will also help the chloroacetonitrile grow in the near future.

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List of Market Participants

Following are the key market participants involved in the chloroacetonitrile market:

  • Merck KGaA
  • Tokyo Chemical Industry Co., Ltd.
  • ChemTik
  • Acadechem Company Limited
  • MP Biomedicals, LLC
  • Alfa Aesar, Thermo Fischer Scientific
  • Angene Chemical
  • Phion Ltd.
  • Finetech Industry Limited
  • Tractus
  • Toronto Research Chemicals

The research report presents a comprehensive assessment of the market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, application, and industry.

The report covers an exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (India, ASEAN, Australia & New Zealand)
  • China
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa, Turkey)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Market Segmentation

The chloroacetonitrile market is segmented on the following basis:

By Application:

  • Raw Material
    • Organic Synthesis
    • Analytical Reagents
  • Pharmaceutical Intermediate
  • Pesticides

By End User:

  • Fertilizer and Pesticide Industry
  • Pharmaceutical Industry
  • Chemical Industry
  • Analytical Laboratories

- FAQs -

The chloroacetonitrile market is likely to record a CAGR of 3.9% during the forecast period.

The chloroacetonitrile market has high growth potential due to heavy demand from the pharmaceutical industry.

The manufacturers of the chloroacetonitrile industry are likely to find the most opportunities in the European region.

Chloroacetonitrile Market

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