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Chlorotoluene Market Overview
Chlorotoluene Market is projected to be worth USD 3,654.70 Million by 2028, registering a CAGR of 6.2% during the forecast period (2021–2028).
Chlorotoluene is also popular by the name chlorinated toluene. It is a combination of 3 isometric chemical compounds. This combination consists of a benzene ring attached to a methyl group and a chlorine atom. This group of compounds consists of meta chlorotoluene market, ortho chlorotoluene, and para chlorotoluene and these depend on the chlorine atom’s position with the methyl group. When the chlorine is combined with toluene in the presence of a metal catalyst like iron chloride under normal pressure at a moderate temperature, a reaction occurs.
This reaction can be termed chlorotoluene. A chlorotoluene mixture is a combination of o-chlorotoluene, m-chlorotoluene, p-chlorotoluene and dichlorotoluene. The pure chlorotoluene isomers are derived by fractional distillation. Crude chlorotoluene is useful in the production of cresols. Cresols are supposed to be synthetic support to various compounds like agrochemicals etc. On the other hand, purified chlorotoluene is used by chemical industries as a base chemical. Many coloring agents, pharmaceuticals, and agrochemicals are produced based on this base chemical. Chlorotoluene is used in the form of a solvent to formulate agricultural pesticides. Usage of these pesticides will stop the pests from destroying the crop and thereby increase the crop’s yield.
The rise in the manufacturing of cresols has created an impact on the rise of the chlorotoluene market. The growth of industries like pharmaceuticals, plastics, and agrochemicals also increases the demand for chlorotoluene, thereby increasing the chlorotoluene market. As chlorotoluene is a chemical compound, there are chances of facing health hazards, and even the environment may get disturbed. This factor may hamper the market growth.
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Market Segmentation
The chlorotoluene market is segmented based on the end-user, type, and region. According to the type category, the market is divided into chlorotoluene mixture, p-chlorotoluene, and o-chlorotoluene. According to end-user, the market is further divided into segments like agrochemicals, Pharmaceuticals, Chemicals, Paints and Coatings, Personal care, and polymers. The regional category consists of North America, Europe, Asia-Pacific, and the rest of the world segments.
Regional Classification
According to the regional category, the Asia-Pacific segment dominates the market. According to the end-user segment, agrochemicals dominate the market. The farmers get disturbed when the pests destroy their yield. The pesticides manufactured using chlorotoluene are very helpful in destroying pests and protecting crops. This is one of the main reasons why agrochemicals dominate the market. Even the pharmaceutical industry may also contribute to market growth in the coming future.
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Industry News
The global analysis of the chlorotoluene market states that the market is expected to reach 3654.70 million US dollars by the end of 2028 at a CAGR of 6.2%. However, various industries use the crude and purified form of chlorotoluene, the chances of hazards affecting the health of the staff working in the respective organization and the people using the final product. The environment may get affected by the excessive usage of chemicals. Even the strict government regulations in the manufacturing of pesticides will hamper the chlorotoluene market. A focus on necessary research and development activities in finding a suitable solution to fight health hazards is important.
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
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4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants
4.1.4 End-Use Industry/Applications
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
5 Industry Overview Of the Global Chlorotoluene Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
5.6 Trends
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