What is Thionyl Chloride Market?
Thionyl chloride is an inorganic compound and a volatile colorless liquid. The chemical is toxic in nature and reacts with water to produce the gases. As compared to Sulfuryl chloride it has the longer shelf life. Thionyl chloride has various uses such as chlorinating agent, chlorosulphonations, and sulphonations. In addition to this, it is used to preparation of carboxylic acid derivative, amides or Easter, anhydrides, chlorides and others. Hence, these wide range of uses are increasing demand.
The market study is being classified by Type (Pharmaceuticals grade and Technical grade), by Application (pesticide, dye, pharmaceuticals, chemical and others) and major geographies with country level break-up.
Laxness (Germany), Cabb (Germany), Transpek (India), kutch chemical (India), shandong kaisheng (China) and jiangxi shilong (China) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Asia Pacific Vendors will contribute to the maximum growth of Global Thionyl Chloride market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Thionyl Chloride market by Type, Application and Region.
On the basis of geography, the market of Thionyl Chloride has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing preference of Thionyl chloride over other reagents are fueling the market growth. The byproducts of Thionyl chloride eases the purification process of the product and are in the gaseous state. Hence, this factor is contributing towards the market growth.
Restraints
- Government regulations on Thionyl market may hinder the market growth
- Limited usage of Thionyl chloride is hampering the market growth
Opportunities
- Increasing demand of pesticides across the globe is fueling the market growth
Challenges
- Stiff competition among the players
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations