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. Increasing usage of aspirin as an over-the-counter drug for preventing atherosclerosis and other cardiovascular diseases is expected to significantly contribute to revenue growth of the global acid chlorides market.
The Global Acid Chlorides Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Acid Chlorides industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Acid Chlorides market along with crucial statistical data about the Acid Chlorides market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2030. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
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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.
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
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.
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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)
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
Plastics and Pigments
End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
Dyes and Inks Industry
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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The report offers insightful information about the market dynamics of the Acid Chlorides market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Acid Chlorides market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Acid Chlorides market.
Radical Highlights of the Acid Chlorides Market Report:
Comprehensive overview of the Acid Chlorides market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Acid Chlorides market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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