What is Benzoyl Chloride Market?
Benzoyl chloride, also known as benzene carbonyl chloride, is a member of benzoic acids. It is a colorless fuming liquid with a pungent odor and used in the manufacturing of medicine and other chemicals. It is corrosive to metals and tissue. It reacts with water very rapidly and produces hydrochloric acid and benzoic acid. It is prepared by using various methods such as by reacting Phosphorus pentachloride with Benzoic acid and other methods.
Highlights from Benzoyl Chloride Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Sigma-Aldrich (United States), Hubei Phoenix Chemical Company Limited (China), Ineos (United Kingdom), MilliporeSigma (United Kingdom), Jiangsu Jiamai Chemical Company Limited (China), Valtris Specialty Chemicals Limited (United States), Jiangsu Yuanyang Pharmaceutical Company Limited (China), Alfa Aesar (United States), Jiangyin Jianheng (China) and Lanxess (Germany) |
A lot of companies are motivated to participate in this booming market because of the size of the worldwide benzyl chloride market. The size and demand of this industry have consistently outperformed expectations across projected periods Research Analyst at AMA predicts that Chinese and United States Vendors will contribute to the maximum growth of Global Benzoyl Chloride market throughout the forecasted period.
Sigma-Aldrich (United States), Hubei Phoenix Chemical Company Limited (China), Ineos (United Kingdom), MilliporeSigma (United Kingdom), Jiangsu Jiamai Chemical Company Limited (China), Valtris Specialty Chemicals Limited (United States), Jiangsu Yuanyang Pharmaceutical Company Limited (China), Alfa Aesar (United States), Jiangyin Jianheng (China) and Lanxess (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Nippon Light Metal Holdings Co Ltd (Japan), Xintai Lanhe Chemical Co., Ltd. (China) and Toray Industries (Japan). Benzoyl Chloride Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Benzoyl Compounds, Dyes Intermediates, Pharmaceuticals, Agrochemicals and Others |
Type | Chemical Grade and Pharma Grade |
Preparation Method | Reacting Thionyl Chloride with Benzoic Acid,Reacting Phosphorus Pentachloride with Benzoic Acid,Reacting Sodium Benzoate with Oxalyl Chloride |
On the basis of geography, the market of Benzoyl 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.
Influencing Trend:
In the water treatment and medical fields, benzyl chloride application is expanding
Market Growth Drivers:
Increasing demand for various industrial applications. It is used in the preparation of dyes, perfumes, organic peroxides, resins and drugs. It also used the various medicine production.
Challenges:
The precautions should be taken during the use of benzoyl chloride. All safety majors should be strictly followed by the workers handling the chemical.
Restraints:
Side effects of the Benzoyl chloride are hampering the market. It causes skin burns and eye damage when comes in contact with them.
Opportunities:
The growing pharmaceutical industry in developing countries will help in the growth of the benzoyl chloride market. The demand from the industrial sector will also contribute to the growth of the market.
Key Target Audience
Benzoyl Chloride Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Market Leaders & Development Strategies
Valtris Specialty Chemicals ("Valtris" or the "Company") has been acquired by SK Capital Partners ("SK Capital") from H.I.G. Capital, the New York-based private investment firm that focuses exclusively on the specialty chemicals, materials, and pharmaceuticals sectors
About four members of the powerful Mexican gang CJNG were subject to US sanctions. They were in charge of managing all drug-related operations at the Pacific port, which eventually functioned as a gateway for Asian fentanyl compounds and precursors to methamphetamine. Methamphetamine production required 50,000 kg of benzyl chloride, which was seized at the port in early July 2021