The global acid chlorides market size was USD 2.99 Billion in 2021 and is expected to register a revenue CAGR of 4.85% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of benozyl chloride for production of perfumes and artificial tannins is a major factor driving market revenue growth. Acid chlorides are a sub-group of acyl chlorides and are produced by addition of ―COCl group in carboxylic acids using thionyl chloride, chlorosulfuric acid, or phosphorus trichloride. Compounds have various applications and are used as chemical intermediates for production of pharmaceutical products, perfume fixatives, agrochemicals including herbicides, insecticides, and fungicides, organic peroxides, and fastness improvers. In addition, acetyl chloride is an acid chloride used for manufacturing commercially important pharmaceutical compounds such as aspirin, acetophenone, acetanilide, and acetaminophen.
The Global Acid Chlorides Market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2022-2030. The report studies the historical data of the Acid Chlorides market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Acid Chlorides industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Acid Chlorides market.
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Top competitors of the Acid Chlorides Market profiled in the report include:
Altivia, BASF, Novaphene, CABB Chemicals, Orion Chem Pvt. Ltd., Wilmar International, Transpek Industry Ltd., VanDeMark Chemical, Inc., Kuhlmann Europe, and S.R. Drugs and Intermediates Pvt. Ltd.
Some Key Highlights From the Report
- The benzoyl chloride segment is expected to account for a moderate revenue share between 2022 and 2030. Benzoyl chloride is used as a chemical intermediate across different end-use industries, which is increasing its demand and is expected to drive revenue growth of this segment. In the chemical industry, acid chloride is used for acylation of benzoyl group in amines, alcohols, and amines, as well as manufacture of benzoyl peroxide, which is a polymerization initiator. Chloramben, which is an active ingredient used for manufacturing herbicides is also produced using acid chloride. It also has application in the perfume industry, where benzoyl chloride is used for manufacturing benzophenone, which is a fixative.
- The cosmetic industry segment accounted for a moderate revenue share in 2021. Steady use of acid chlorides for producing intermediate compounds that are used in skin care cosmetic products is driving revenue growth of this segment. For instance, palmitoyl chloride, is used for producing palmitoyl tripeptide-38, which is used in several skin care cosmetic formulations including face serums, advanced eye care serums, anti-ageing creams, and wrinkle-reducing creams. Rising demand for non-surgical, minimally invasive anti-ageing cosmetic products is expected to support revenue growth of this segment between 2022 and 2030.
- The Europe market is expected to register a steady CAGR during the forecast period. Increasing usage of acid chloride based products in several end-use industries by manufacturers in this region is expected to contribute to market revenue growth. Trade of benzoyl chloride has increased significantly in Europe due to use of chemical in cosmetic formulations for treating acne and removing microbes from skin. World Bank statistics suggest that in 2021, Germany and Italy were the second and third largest exporters of benzoyl chloride and benzoyl peroxide, with trade values of USD 47.6 million and USD 24.2 million respectively. Demand for acid chlorides is expected to increase in countries in this region between 2022 and 2030 due to increasing demand for aspirin and other salicylate-derivatives for primary prevention of cardiovascular diseases.
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The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.
Emergen Research has segmented the global acid chlorides market based on product, application, end-use, and region:
- Product Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
-
- Ethanoyl Chloride
- Propanoyl Chloride
- Butanoyl Chloride
- Benzoyl Chloride
- Chloroacteyl Chloride
- 2-Ethylhexanoyl Chloride
- Palmitoyl Chloride
- Others
- Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
- Chemical Reagents
- Plastics and Pigments
- Organic Peroxides
- Agrochemical Production
- Pharmaceutical Production
- Others
- End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
-
- Pharmaceutical Industry
- Agricultural Industry
- Plastics Industry
- Dyes and Inks Industry
- Cosmetic Industry
- Others
Regional Analysis of the Acid Chlorides Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Overview:
The research report on the Acid Chlorides market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Acid Chlorides business sphere.
Key Objectives of the Report:
- Analysis and estimation of the Acid Chlorides market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Acid Chlorides market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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