According to Future Market Insights, the Global Acid Chlorides Market is expected to grow from US$ 2,430.9 Million in 2022 to US$ 3,903 Million by 2032, with overall demand accelerating at 4.9% CAGR throughout the forecast period (2022 to 2032).

The rising application of acid chlorides in pharmaceuticals, chemical reagents, plastic & pigments, organic peroxides, and agrochemicals is a key factor driving the global market and the trend is expected to continue during the forecast period.

Since cardiovascular diseases like atherosclerosis are becoming more common, the demand for pharmaceuticals like aspirin continues to climb. According to data from the National Center for Biotechnology Information (NCBI) published in 2021, more than 30% of Americans used aspirin in 2019.

Furthermore, it is projected that sustained pharmaceutical demand will drive market revenue growth over the next few years. Apart from pharmaceutical applications, demand for acid chlorides is also witnessing substantial growth opportunities in the agrochemical sector.

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Who is Winning?

According to FMI analysis, Altivia, BASF, Novaphene, CABB Chemicals, Orion Chem Pvt. Ltd., Wilmar International, Transpek Industry Ltd., VanDeMark Chemical, Inc., Kuhlmann Europe, R. Drugs and Intermediates Pvt. Ltd., Twin Lake Chemical Inc., Shiva Pharmachem Ltd., Rheinmetall AG, and others are identified as the key manufacturers in the Acid Chlorides market.

These key players are constantly focusing on increasing their production capacities to meet end-user demands. They are establishing new production facilities if upgrading older ones, besides forming partnerships and alliances with other companies.

Acid Chlorides Industry Segmentation

By Product Type:

  • Ethanoyl Chloride
  • Propanoyl Chloride
  • Butanoyl Chloride
  • Benzoyl Chloride
  • Chloroacetyl Chloride
  • Thionyl Chloride
  • Palmitoyl Chloride
  • Others

By Application:

  • Chemical Reagents
  • Plastic and Pigments
  • Organic peroxides
  • Agrochemicals
  • Pharmaceuticals
  • Others

By End Use:

  • Pharmaceuticals
  • Agriculture
  • Plastics
  • Dyes & Inks
  • Cosmetic
  • Others

More Insights into the Acid Chlorides Market Report

In its latest report, FMI offers an unbiased analysis of the global Acid Chlorides Market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the market potential, its growth, and scope, the market is segmented based on Product Type, Application, End Use, and Region.