Methane Sulfonyl Chloride Market
Methane Sulfonyl Chloride Market Size, Share & Trends Analysis Report By Application (Pharmaceuticals, Agrochemicals), By Raw Material (Methylsulfonates, Methylsulfonamides), By Region - Global Review 2021 To 2031
Methane Sulfonyl Chloride Market: Overview
The market for methane sulfonyl chloride witnessed massive slowdown in its progress as a result of the spread of Covid-19 pandemic across the globe. The level of demand declined to the extreme level due to lockdown creating hurdles for the key players operating in this market. However as recovery commences in 2021, major players are recuperating their positions through production expansion, capacity utilizations and online selling in 2021 keeping in view the covid-19 norms.
Recognized companies such as Shilpa Chemspec International Pvt. Ltd., Arkema Group, GFS Chemicals, Inc., EMCO Dyestuff Pvt. Ltd., Varsal, Inc., Sigma Aldrich, Inc., Xiaochang Jinji Chemical Co., Ltd. and others are focusing on the incorporation of tactics including partnership agreements, sales contracts, strategic alliances, diversifications, innovative launches, mergers & acquisitions, research and developments, technological upliftments, product line extensions, hiring technical expertise, joint ventures, collaborations, product approvals etc for gaining a competitive edge over others in the market.
For instance, in January 2021, Chevron Phillips Chemical Company announced some important developments in its advanced recycling program. The first development was that the company received International Sustainability and Carbon Certification PLUS (ISCC PLUS); second being the signing of an agreement with Nexus Fuels LLC as the company’s supplier of pyrolysis oil. The certification will help Chevron in meeting high standards and focusing on creating sustainable streams for waste plastics. The Nexus and Chevron partnership will further boost the production and delivery of sustainable products for years to come. The agricultural growth in the Asia Pacific countries such as India and China has led to a significant growth of the methyl sulfonyl chloride market. The North American and European market is predicted to pick up pace through 2030 owing to the emergence of leading manufacturing companies and new domestic players. All the other key regions such as Latin America, Japan and MEA are driving the market growth and opening various opportunities for manufacturers.
Methane sulfonyl chloride is an organo-sulphur compound. It is a colourless liquid that is soluble in polar solvents. However, it is insoluble and reactive with water, amines, ammonia and alcohols. Methyl sufonyl chloride is a versatile chemical and it is used in various substitution reactions.
It is an acid chloride in nature. It undergoes various chemical reactions to replace hydroxyl, active hydrogen and amino groups, which makes it valuable in the chemical industry. Methane sulfonyl chloride is considered as a building block of the pharmaceutical and agrochemical industry.
It is toxic, corrosive (non-corrosive in the presence of glass) and is sensitive towards moisture. It is also flammable in nature. Methane sulfonyl chloride is used as a base product for the production of methanesulfonate. Due to the highly reactive nature of methane sulfonyl chloride, it is a precursor to various chemicals such as methanesulfonamides.
However, as it is toxic and hazardous in nature, its usage is governed by regulations. Methyl sulfonyl chloride must be stored in an area that has proper ventilation along with low temperature & minimum humidity. Methane sulfonyl chloride can also be used as a catalyst, chlorinating agent and firming agent.
Methane Sulfonyl Chloride Market: Dynamics
As methane sulfonyl chloride is a building block in agrochemicals and the pharmaceutical industry, its growth is directly affected by the growth of these industries. Due to an increase in population, agrochemical and pharmaceutical industries are growing at a lucrative rate, which is boosting the market of methane sulfonyl chloride.
It is widely used in the chemical industry as it is a precursor of various chemical compounds. The growth of chemical industries is expected to boost the methane sulfonyl chloride market. Methane sulfonyl chloride also finds applications in paints, plastics, dyes and the food industry. As all these industries are growing steadily, there is also steady growth in the demand for methane sulfonyl chloride from these industries.
However, as methane sulfonyl chloride is toxic, corrosive and flammable in nature, it needs to be handled carefully to avoid potential hazards. Hence, various regulations have been imposed on by organizations such as Occupational Safety and Health Administration (OSHA). This has resulted in research initiatives to find an alternative for methane sulfonyl chloride, which is likely to restrain the methane sulfonyl chloride market.
Methane Sulfonyl Chloride Market: Regional Outlook
Agrochemical industries have registered significant growth in regions such as MEA, Southeast Asia, China, India and Latin America. Therefore, these are important markets for methane sulfonyl chloride as it is a building block for agrochemicals. The pharmaceutical industry in China, India, Southeast Asia and MEA is growing, which is expected to boost the market for methane sulfonyl chloride in these regions.
As methane sulfonyl chloride is a key component in the production of various chemical intermediates, it has important applications in chemical industries. Regions, such as China, North America, Europe and Asia Pacific, are large markets for chemicals, owing to which they are prominent markets for methane sulfonyl chloride.
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Methane Sulfonyl Chloride Market: Key Participants
Some of the key participants in the methane sulfonyl chloride market are:
- Shilpa Chemspec International Pvt. Ltd.
- Arkema Group
- GFS Chemicals, Inc.
- EMCO Dyestuff Pvt. Ltd.
- Varsal, Inc.
- Sigma Aldrich, Inc.
- Xiaochang Jinji Chemical Co., Ltd.
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, technology and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends and Issues and Challenges
- Competition & Companies involved
- Value Chain
An Adaptive Approach to Modern-day Research Needs
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- 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.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.
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Methane Sulfonyl Chloride Market: Segmentation
The global methane sulfonyl chloride market can be segmented on the basis of its application in various industries as follows:
- Paints and Dyes
- Plastic and Polymer
- Chemicals and Food
The global methane sulfonyl chloride market can be segmented on the basis of various applications as follows:
- Production of chemical intermediates
- Production of plastic moulding
- Production epoxy resins
- Production of dyes
The global methane sulfonyl chloride market can be segmented on the basis of its usage as a raw material in the production of the following:
- Methane sulfonic acid
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