Chlorotoluene Market Scope
Chlorotoluene is a colorless liquid with an infuriating odor. Chlorotoluene has three isomeric chemical forms which comprise a de-substituted benzene ring with one chlorine atom and one methyl group. Its main application is as a solvent, in the manufacturing of important chemicals, pharmaceuticals, synthetic rubber, and dyes, as well as an insecticide and bactericide. With developments in the textile and chemical industry and increasing demand for chlorotoluene in various industries, there is a rise in the manufacturing of chlorotoluene, thereby driving its market growth.
|Unit||Value (USD Million)|
|Key Companies Profiled||Lanxess (Germany), Alfa Aesar (United States), Merck (United States), Shimmer Chemicals Pvt. Ltd (India), INEOS (UK), Sovika Group of Companies (India), Hunan Zhuzhou Chemical Industry Group (China), Jiangsu Hongxing Chemical (China), Iharanikkei Chemical Industry (China) and Shandong Exceris Chemical (China)|
Various product enhancement and strategic initiatives such as investments and expansions by the key industry players are maintaining competitiveness in the chlorotoluene market. For instance, Meghmani Finechem Limited, a leading manufacturer of chlor-alkali products and its value-added derivatives expanded its plans into chlorotoluene and its value chain. The companies are implementing strategic activities such as partnerships and collaboration with textiles and chemical companies to aid in market domination. Research Analyst at AMA estimates that Chinese Vendors will contribute to the maximum growth of Global Chlorotoluene market throughout the predicted period.
Lanxess (Germany), Alfa Aesar (United States), Merck (United States), Shimmer Chemicals Pvt. Ltd (India), INEOS (UK), Sovika Group of Companies (India), Hunan Zhuzhou Chemical Industry Group (China), Jiangsu Hongxing Chemical (China), Iharanikkei Chemical Industry (China) and Shandong Exceris Chemical (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Changzhou Yuanfeng Chemical (China), Actylis (United States) and National Analytical Corp. (India).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Chlorotoluene market by Type and Region with country level break-up.
On the basis of geography, the market of Chlorotoluene 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). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesOn 19th November 2022, International Chemical Investors (ICIG) acquired Métaux Spéciaux (MSSA) from Nippon Soda. The acquisition enhanced ICIG’s chlor-alkali chemicals portfolio by expanding into sodium metal and mercury-free sodium methylates derivatives.
On 22nd March 2021, Valtris Specialty Chemicals announced the expansion of its production facility in Europe. Through this expansion, the company would have three global production sites via which Valtris Advanced Organics would serve customers worldwide with a portfolio of chlorinated toluene derivatives.
Influencing Trend:Surge in the Use of Chlorotoluene as a Solvent in the Textile Industry
Market Growth Drivers:Rising Use of Chlorotoluene as a Dyeing Carrier for Dyeing of Polyester Accessories and Growing Demand for Chlorotoluene based Phenol and DDT for Pesticides
Challenges:Stringent Government Regulations Pertaining to the Manufacturing of Chlorotoluene
Restraints:Rising Incidence of Cancer Due to Chlorotoluene Exposure
Opportunities:Increasing Application of Chlorotoluene in the Chemical Industry
Key Target AudienceChemicals Manufacturers, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End User Industries and Others