Trichloroacetyl Chloride Market
Trichloroacetyl Chloride Market Analysis, By Purity (99%, 99.5%, 90%) By Application (Chlorpyriphos, Organic Chemical Synthesis, Oxalyl Acid Synthesis, Acetylation of Esters), By End-use Industry, by Region - Global Forecast 2021-2031
Trichloroacetyl Chloride Market Outlook (2021-2031)
The trichloroacetyl chloride market accounted for a valuation of US$ 5.4 Bn in 2020, and this is slated to surge up to US$ 8.8 Bn by the end of 2031.
Consumption of trichloroacetyl chloride is projected to expand at a CAGR of 4.6% from 2021 to 2031. Increasing trichloroacetyl chloride demand in the pharmaceutical industry is expected to be a major market trend.
Trichloroacetyl Chloride Market Size (2020)
US$ 5.4 Bn
Projected Year Value (2031F)
US$ 8.8 Bn
Global Market Growth Rate (2021-2031)
Key Companies Profiled
Increasing use of chemicals in multiple industries such as textiles, pharmaceuticals, and agriculture is expected to provide a lucrative setting for trichloroacetyl chloride market through 2031.
Interested to Procure The Data
Trichloroacetyl Chloride Consumption Analysis (2017-2020) in Comparison to Market Growth Forecasts (2021-2031)
Chemical manufacturing has increased over the past few years owing to the rise in demand for chemical solvents in multiple industry verticals. Chemicals such as benzoyl chloride, acetyl chloride, oxalyl chloride, etc. are expected to see an increase in popularity.
Trichloroacetyl chloride usage has increased in multiple applications and this has driven demand from various verticals which is also expected to be a prominent trend throughout the forecast period. Especially, the high demand for trichloroacetyl chloride in the pharmaceutical industry is anticipated to influence market potential through 2031.
Increasing use of trichloroacetyl chloride in agricultural applications is expected to provide lucrative opportunities for trichloroacetyl chloride suppliers over the coming years. However, stringent mandates against the use of chemicals in multiple nations to conserve the environment will have a hindering effect on trichloroacetyl chloride shipments to a certain extent.
Rising use of trichloroacetyl chloride for organic chemical synthesis, oxalyl acid synthesis, chlorpyrifos production, and acetylation of esters. From 2021 to 2031, the trichloroacetyl chloride market is anticipated to expand at a CAGR of 4.6%.
How Does Trichloroacetyl Chloride Use in Pharmaceutical Industry Influence Market Growth?
“Increasing Use in Pharmaceutical Industry to Propel Market Expansion Potential”
Demand for pharmaceuticals has exponentially increased over the past few years and is expected further increase over the forecast period as well. This factor is expected to propel the demand for active ingredients, chemicals, and other raw materials required to manufacture pharmaceuticals.
Trichloroacetyl chloride is a crucial pharmaceutical intermediate that is utilized in the production of diloxanide furoate and chloramphenicol.
The proficiency of chloramphenicol in the treatment of bacterial infections has driven its demand, and this has subsequently increased the shipments of trichloroacetyl chloride across the world.
How Will the Trichloroacetyl Chloride Market Perform Across Regions?
“Asian Region to Lead Global Trichloroacetyl Chloride Demand Outlook”
South Asia and East Asia are anticipated to be the most rewarding markets for trichloroacetyl chloride through the forecast period and will account for a prominent market share as well. Increasing industrial activity and the rising establishment of chemical manufacturing facilities in these regions will majorly drive demand for trichloroacetyl chloride through 2031.
Increasing demand from pharmaceutical companies in this region will also influence trichloroacetyl chloride market potential. China is anticipated to be the most notable market in these regions. India is also anticipated to provide lucrative opportunities owing to the presence of a robust agricultural sector and increasing investments in the manufacturing sector.
The North America trichloroacetyl chloride market is also anticipated to provide rewarding opportunities over the coming years. An increasing number of key trichloroacetyl chloride manufacturers operating in this region is anticipated to be the major growth driver throughout the forecast period. The presence of key pharmaceutical manufacturing companies in this region will also influence trichloroacetyl chloride demand.
Europe is expected to have a similar outlook for trichloroacetyl chloride as North America. The presence of key pharmaceutical companies in this region is expected to favor the consumption of trichloroacetyl chloride over the years to come. The increasing use of trichloroacetyl chloride in manufacture of bacterial infection ointments is expected to be a prominent trend in this region.
Meanwhile, increasing agricultural development activities in the regions of Latin America, the Middle East, and Africa are expected to propel trichloroacetyl chloride demand.
Will India be a Rewarding Market for Trichloroacetyl Chloride Suppliers?
“Increasing Industrialization & Rising Demand for Chemicals to Favor Market Growth”
India has seen an increase in industrialization owing to rising investments in the industrial sector and supportive government initiatives. This has increased the demand for chemical products in the nation.
Increasing use of chemicals in pharmaceutical and agricultural industries is expected to boost demand for trichloroacetyl chloride in India. Agriculture is one of the main occupations in India and hence use of trichloroacetyl chloride in this vertical is expected to be high over the forecast period.
Why Should Trichloroacetyl Chloride Manufacturers Focus on China?
“Presence of Robust Manufacturing Sector & Supportive Government Policies”
China is anticipated to provide lucrative opportunities for trichloroacetyl chloride manufacturers owing to the presence of robust manufacturing infrastructure and increasing support from the government, which is projected to drive more investments in this sector and further bolster market potential through 2031.
Chemical products such as solvents have seen a substantial increase in demand across multiple industry verticals. Other than trichloroacetyl chloride, the demand for chemicals such as acetyl chloride, benzoyl chloride, oxalyl chloride, etc., is also anticipated to see an increase over the forecast period in China.
An Adaptive Approach to Modern-day Research Needs
Which Trichloroacetyl Chloride Application Will Have a Bright Outlook?
“Increasing Demand for Chlorpyriphos to Propel Market Growth”
Chlorpyriphos is a widely used insecticide in the agriculture industry and its low cost enables a wide scope of application across the world. As the focus on protection from insects increases so will the demand for chlorpyriphos which subsequently drives demand for trichloroacetyl chloride as it is a key raw material in the manufacturing and formulation of chlorpyriphos.
Increasing focus on agriculture due to rising population is also expected to favor demand for chlorpyriphos which in turn will increase trichloroacetyl chloride consumption as well.
What Effect Did the Pandemic Have on the Trichloroacetyl Chloride Industry?
The emergence of the COVID-19 pandemic led to a negative growth trend in the trichloroacetyl chloride market. As coronavirus infections spread across the world, multiple nations implemented lockdowns to contain the community spread of coronavirus and this resulted in the closure of multiple industrial facilities. The complete manufacturing sector came to a near halt due to a lack of skilled workforce and shortage of raw materials.
Shipments of trichloroacetyl chloride are expected to see a rise at a steady pace in the post-pandemic era owing to the resumption of multiple industrial activities as lockdown restrictions are lifted. The increasing scope of application for trichloroacetyl chloride is also expected to boost demand for trichloroacetyl chloride in the post-pandemic era through 20231.
Key trichloroacetyl chloride manufacturers are investing in the expansion of their manufacturing facilities and are adopting various strategies to boost their revenue generation capacity across the world. Detailed analysis is provided in the study done by Fact.MR.
Key Segments Covered in Trichloroacetyl Chloride Industry Research
Trichloroacetyl Chloride Market by Purity:
- 99% Trichloroacetyl Chloride
- 99.5% Trichloroacetyl Chloride
- 90% Trichloroacetyl Chloride
Trichloroacetyl Chloride Market by Application:
- Organic Chemical Synthesis
- Oxalyl Acid Synthesis
- Acetylation of Esters
Trichloroacetyl Chloride Market by End-use Industry:
- Trichloroacetyl Chloride for Agriculture
- Trichloroacetyl Chloride for Pharmaceuticals
- Trichloroacetyl Chloride for Chemicals
- Trichloroacetyl Chloride for Textiles
Trichloroacetyl Chloride Market by Region:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- FAQs -
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
Retail Ready Trays Market is set to witness healthy growth by 2028. The rising retail-ready packagin...
Undecanoyl chloride market is set to witness steady growth during 2020-2030. Growth in the pharmaceu...
The N-Heptyl chloride market is set to witness steady growth with a 3.9% CAGR during 2020-2030. Incr...