Global Chlorinated Intermediates Market Segmentation, By Type (Carbon Tetrachloride, Chloroform Fluorocarbon, Methyl Chloride, Perchloroethylene and Trichloroethylene Thymol), End Use Industries (Water Treatment Industry, Pharmaceutical Industry, Chemical Industry, Paper and Pulp Industry, Plastic Industry and Pesticides Industry) - Industry Trends and Forecast to 2031.
Chlorinated Intermediates Market Analysis
Chlorinated intermediates market is witnessing significant growth, driven by advancements in green chemistry and improved production methods. The latest technologies focus on reducing environmental impact and enhancing efficiency, such as catalytic processes and better recycling techniques. The market is expanding due to rising demand in pharmaceuticals and agrochemicals, with projections indicating robust growth as industries adopt more sustainable practices.
Chlorinated Intermediates Market Size
The global chlorinated intermediates market size was valued at USD 2.90 billion in 2023 and is projected to reach USD 4.32 billion by 2031, with a CAGR of 5.1% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Chlorinated Intermediates Market Trends
“Growing Demand for Agrochemicals”
The chlorinated intermediates market is experiencing growth driven by the rising demand for agrochemicals. Chlorinated intermediates, such as chlorobenzene and chlorotoluene, are crucial in the production of various pesticides and herbicides. For instance, chlorobenzene is used in synthesizing the herbicide Atrazine, which is widely used in agriculture to control weeds. The increasing global focus on enhancing crop yields and ensuring food security is fueling the need for effective agrochemicals, thereby boosting the chlorinated intermediates market. This trend is particularly prominent in regions such as Asia-Pacific, where agricultural expansion is accelerating, further propelling market growth.
Report Scope and Market Segmentation
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Attributes
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Chlorinated Intermediates Key Market Insights
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Type: Carbon Tetrachloride, Chloroform Fluorocarbon, Methyl Chloride, Perchloroethylene and Trichloroethylene Thymol
By End Use Industries: Water Treatment Industry, Pharmaceutical Industry, Chemical Industry, Paper and Pulp Industry, Plastic Industry and Pesticides Industry
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Players
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Hanwha Solutions Chemical Division Corporation (South Korea), INEOS AG (U.K.), Tosoh Corporation (Japan), PPG Industries, Inc. (U.S.), Tata Chemicals Ltd. (India), BASF SE (Germany), FMC Corporation (U.S.), Olin Corporation (U.S.), Formosa Plastics Corporation (Taiwan), Occidental Petroleum Corporation (U.S.), Xinjiang Zhongtai Chemicals Co. Ltd. (China), NIRMA (India), Akzo Nobel N.V. (Netherlands), Ercros S.A. (Spain), Westlake Chemical Corporation (U.S.), BorsodChem (Hungary), Covestro AG (Germany), KEM ONE (France), and Nouryon (Netherlands)
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Market Opportunities
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Data Pointers
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Chlorinated Intermediates Market Definition
Chlorinated intermediates are chemical compounds containing chlorine atoms, used as precursors in various industrial processes. They play a crucial role in the synthesis of pharmaceuticals, agrochemicals, and plastics. These intermediates help in creating complex molecules by introducing chlorine atoms, which can enhance the chemical reactivity and stability of the final products.
Chlorinated Intermediates Market Dynamics
Drivers
- Growing Pharmaceutical Industry
The growing pharmaceutical industry drives demand for chlorinated intermediates due to their crucial role in drug synthesis. For instance, intermediates such as 4-chloroaniline are essential for producing antibiotics and anti-cancer drugs. As pharmaceutical sectors expand, especially in developing nations such as India and China, the need for these intermediates increases. This expansion enhances market opportunities, as more drugs and treatments require these vital chemical building blocks.
- Rising Demand for Specialty Chemicals
The rising demand for specialty chemicals, crucial in various industries such as pharmaceuticals and electronics, significantly drives the chlorinated intermediates market. For instance, the production of specialty pharmaceuticals often relies on chlorinated intermediates for precise formulations. As industries seek customized and high-performance chemicals for advanced applications, the need for chlorinated intermediates increases, thereby fueling chlorinated intermediates market growth and expansion.
Opportunities
- Advancements in Chemical Manufacturing
Advancements in chemical manufacturing, such as improvements in catalytic processes and automation, boost efficiency and reduce production costs for chlorinated intermediates. For instance, the development of continuous flow reactors has enhanced reaction control and minimized by-products, leading to more cost-effective production. These innovations make chlorinated intermediates more accessible and affordable, stimulating market growth by meeting the increasing demand across pharmaceuticals, agrochemicals, and polymer industries.
- Expansion of Industrial Applications
The expansion of industrial applications for chlorinated intermediates significantly drives market growth. These intermediates are used in various applications, such as solvents for cleaning and degreasing, and catalysts in chemical reactions. For instance, chlorinated solvents such as trichloroethylene are crucial in the degreasing of metal parts in automotive manufacturing. This versatility across industries enhances the demand and growth potential for chlorinated intermediates.
Restraints/Challenges
- High Production Costs
High production costs for chlorinated intermediates arise from complex processes and expensive raw materials. These elevated expenses impact profit margins, especially when competing with cheaper, more sustainable alternatives. The high costs of manufacturing and regulatory compliance make it challenging for companies to maintain competitive pricing and profitability, thereby restraining market growth.
- Health and Safety Issues
Handling and processing chlorinated intermediates pose significant health risks, including respiratory issues and potential carcinogenic effects. These hazards necessitate stringent safety measures and protective equipment, increasing operational costs and complexity. The need for extensive safety protocols can impede market growth, as companies must invest heavily in worker safety and compliance, which can detract from profitability and overall market expansion.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Chlorinated Intermediates Market Scope
The market is segmented on the basis of type and end use industries. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Carbon Tetrachloride
- Chloroform Fluorocarbon
- Methyl Chloride
- Perchloroethylene
- Trichloroethylene Thymol
End Use Industries
- Water Treatment Industry
- Pharmaceutical Industry
- Chemical Industry
- Paper and Pulp Industry
- Plastic Industry
- Pesticides Industry
Chlorinated Intermediates Market Regional Analysis
The market is analyzed and market size insights and trends are provided by type and end use industries as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to dominate the chlorinated intermediates market due to rising urbanization and increased demand for fresh water. The region’s expanding infrastructure and industrial growth are driving the need for chlorinated intermediates. This trend is anticipated to boost market growth significantly throughout the forecast period.
North America is projected to observe significant growth in the chlorinated intermediates market due to the shift from mercury-based production to membrane-based technology by key manufacturers. This transition enhances production efficiency and sustainability, driving increased market demand. As a result, the region is set to experience notable expansion in this sector.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Chlorinated Intermediates Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Hanwha Solutions Chemical Division Corporation (South Korea)
- INEOS AG (U.K.)
- Tosoh Corporation (Japan)
- PPG Industries, Inc. (U.S.)
- Tata Chemicals Ltd. (India)
- BASF SE (Germany)
- FMC Corporation (U.S.)
- Olin Corporation (U.S.)
- Formosa Plastics Corporation (Taiwan)
- Occidental Petroleum Corporation (U.S.)
- Xinjiang Zhongtai Chemicals Co. Ltd. (China)
- NIRMA (India)
- Akzo Nobel N.V. (Netherlands)
- Ercros S.A. (Spain)
- Westlake Chemical Corporation (U.S.)
- BorsodChem (Hungary)
- Covestro AG (Germany)
- KEM ONE (France)
- Nouryon (Netherlands)
Latest Developments in Chlorinated Intermediates Market
- In April 2024, BASF SE unveiled new solid-state battery packs featuring advancements in lightweight design, enhanced safety, and sustainability. This innovation aims to reinforce BASF’s position in the market, addressing growing demands for high-performance, eco-friendly energy storage solutions
- In January 2023, Covestro AG and LANXESS launched a joint venture focused on producing sustainable raw materials. The initiative aims to cut CO2 emissions by up to 120,000 tons annually, with LANXESS sourcing chlorine, caustic soda, and hydrogen from Covestro’s ISCC PLUS-certified sites
- In August 2022, Occidental Petroleum Corporation announced a $1.1 billion investment to upgrade and expand its chlor-alkali production technology. The project, set to begin in 2023, will enhance the production of chlorine and caustic soda, boosting Occidental’s technological capabilities and market position
- In June 2021, Industrie De Nora introduced the CECHLO-MS 200, a system designed for efficient water and sewage treatment. This innovation generates on-site chlorine for disinfection, helping leading chlorine producers improve market share and address critical water treatment challenges
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