Chloroformates Market Forecast Report | Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2030

Chloroform Market
Chloroform Market

According to the most recent analysis by Emergen Research, the worldwide chloroformates market had a value of USD 22.36 billion in 2021 and is anticipated to grow at a rate of 6.6% during the projected period. One of the main factors fueling the expansion of the market’s revenue is the rising demand for chloroformates as an intermediate in the development of various chemical formulations.

As an intermediate in the production of perfumes, dyes, resins, insecticides, herbicides, pharmaceuticals, polymers, and pigments, chloroformates are created when phosgene interacts with alcohol or phenols. The chloroformates market is expanding thanks to the global pharmaceutical and agricultural sectors’ expanding expansion, which is also creating a wealth of business prospects for operational organisations.

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Some Key Highlights From the Report

  • The rising demand for methyl chloroformate for the production of is predicted to cause the methyl chloroformate segment revenue to grow at a steady rate throughout the forecast period. It serves as a chemical stepping stone in the creation of pesticides.
  • Additionally, the photography industry’s increasing use of methyl chloroformate as a solvent is anticipated to help this segment’s revenue growth.
  • Due to the increasing use of chloroformates in agrochemicals, plastics, and pigments across the region, particularly in the U.S. and Canada, the North American market is anticipated to have consistent revenue growth during the projected period. Additionally, the region’s growing pharmaceutical industry is driving up demand for chloroformates and is anticipated to enhance North America’s revenue growth.
  • Some major companies in the global market report include BASF SE., Solvay S.A, Tokyo Chemical Industry Co., Ltd., Van De Mark Chemical Inc., Meryer Co., Ltd., Ava Chemicals Pvt. Ltd., American Elements, Celtic Chemicals Ltd., Sakai Chemical Industry Co., Ltd., Altivia Specialty Chemicals LLC., and Saltigo GmbH.

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Emergen Research has segmented the global chloroformates market based on product type, application, end-use, and region:

  • Product Type Outlook (Revenue, USD Billion, Volume, Kilo Tons; 2019-2030)
    • Diethylene Glycol Bis-Chloroformate (DECF)
    • Ethyl Chloroformate (ECF)
    • Benzyl Chloroformate (BCF)
    • Isobutyl Chloroformate (IBCF)
    • Methyl Chloroformate (MCF)
    • Isopropyl Chloroformate (IPCF)
    • n-Butyl Chloroformate (NBCF)
    • n-Propyl Chloroformate (NPCF)
    • Others
  • Application Outlook (Revenue, USD Billion, Volume, Kilo Tons; 2019-2030)
    • Agrochemical
    • Organic Synthesis
    • Pharmaceutical Production
    • Plastics & Pigments
    • Anhydrides
    • Polycarbonates
    • Polymerization Initiators
    • Others
  • Regional Outlook (Revenue, USD Billion, Volume, Kilo Tons; 2019–2030)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. UK
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of Middle East & Africa

About Emergen Research

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