Chlorotoluene Market Size, Share, Growth, and Global Industry Growth, By Type (2-Chlorotoluene and 3-Chlorotoluene), By Application (Agriculture, Chemical Textile and Pharmaceutical), Regional Insights, and Forecast To 2031

Updated On: 08 July 2024

CHLOROTOLUENE MARKET REPORT OVERVIEW

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The global chlorotoluene market size was USD 944 million in 2022 and is projected to touch USD 1276.2 million by 2031 with a CAGR of 3.4% during the review period.

The chemical is considered an important intermediate in the pharmaceuticals and agrochemicals industries. It is also acknowledged as chlorinated toluene which refers to a group of three isomeric chemical compounds. The benzene ring is attached to a methyl group and chlorine atom. This group of isomeric compounds includes meta, para and ortho, which depends on the position of the chlorine atom with reverence to the methyl group.

The chemical is formed by the response of toluene with chlorine under moderate temperature and normal pressure in the company of a metal catalyst, such as titanium or titanium chloride or iron chloride. With the isomeric fraction of chlorotoluene combination depending on the temperature and catalyst a crude product is obtained. The untainted isomers are further divided by fractional decontamination.

COVID-19 Impact: Disruption in Usual Practices to Halt Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with global wastewater grinders experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to the chlorotoluene market growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic had a significant impact on the way of life across the world. The pandemic situation had brought about extraordinary changes to the market. In the production of daily necessities such as plastic, medicines, fertilizers, packaging products the chemical has always had a key role and with the severe disturbance caused by COVID-19, these industries were hit badly, causing a chain effect which disrupted usual practices. Consumer's spending abilities were affected and this caused a drop in demand for key sectors such as automotive, specialty chemicals and consumer products. Indirectly a chain-effect was caused, involving the chemical industry.

Decline in construction was witnessed due to the brunt faced by paints and coatings companies, automotive and industrial sectors. Even petrochemical industries weren't spared, with the decline within the aviation sector due to the travel bans. This impacted the demand for tires and artificial rubber similarly which are made with the utilization of chloride.

LATEST TRENDS

"Dye Carriers to Give New Approach to the Market"

In particular, when dyeing polyester using disperse dyes as auxiliary and levelling agents, the chemical is used as a dye carrier. Dying is a common technique among businesses; synthetic dyes, which are typically more affordable, reliable, and easy to use, have supplanted the primary source of dyes in earlier times. Chemicals like haematoxylin, orcein, carmine, and toluene are still utilized in natural dyes. Market expansion will arise from the chemical's use. The chlorotoluene market also benefits from dye use, which is mostly in the textile industry.

CHLOROTOLUENE MARKET SEGMENTATION

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• By Type

On the basis of product type, the market is segmented into 3-chlorotoluene, 2-chlorotoluene, and others.

In terms of product 2-chlorotoluene is the largest segment.

• By Application

On the basis of application, the market is segmented into agrochemicals, textiles, pharmaceuticals, personal care, polymers and others.

In terms of application pharmaceuticals is the largest segment.

DRIVING FACTORS

"Manufacturing of Cresols Will lift the Market Growth"

The production of cresols, which comprises toluene and other chemical intermediates, is one of the main drivers projected to support the expansion of the chlorotoluene market in the U.S. Enhanced demand for various chemical by products from a variety of industries, including the textile and chemical industries, increased the company's sales. Further predicted development drivers for the market include the expanding demand for the chemical from chemical industries. Additionally, it is anticipated that an increase in R&D efforts will accelerate market expansion. In addition, chemical applications expanded, which will likely present more chances for the industry to expand in the years to come.

"Textile Industry to Inflate Market Growth"

There are many uses of the chemical within the textile industry. It is employed for removing lint from cotton fabrics without damaging them, and also to get rid of oil stains from cloth during machine processing. It is often used as a chemical feedstock for manufacturing dyes and resins which have high boiling points. It won’t extract hydrogen sulphide from fossil fuel and be used in sulfuric acid production. It is used as a solvent for dyeing and printing processes.

RESTRAINING FACTORS

"Environmental Hazards to Impede Market Growth"

The chemical has a harmful effect on the body if it comes in the contact with it. The chemical is also non-renewable and causes soil erosion. Side effects of the chemical and high toxicity level of the chemical are responsible for slowing the growth of the market. Moreover, stringent government regulation of the chemical is the major challenge for the market during the forecast period. The rise in the toxicity level of the chemical is further projected to impede the growth of the market

CHLOROTOLUENE MARKET REGIONAL INSIGHTS

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Due to the robust growth of the chemicals industry, North America holds a market share of more than 40% for chlorotoluene. During the forecast period, appropriate governmental restrictions and an increase in industrialisation will also contribute to the market's growth in the region. The regional market is further segmented and thoroughly examined across important nations.

KEY INDUSTRY PLAYERS

"Market Players to Escalate Market Growth"

The major industry players in the chlorotoluene market are covered in this report. The data is collected and stated with thorough research, acquisitions, technological developments, mergers, expanding production lines, and partnerships. Other aspects inspected for this market include companies producing and introducing new products and regions they conduct their operations in. This report will give you information about upcoming opportunities, new trends and recent developments.

List of Market Players Profiled

• Lanxess Corporation (Germany)
• INEOS (Britain)
• Sovika Group (India)
• Iharanikkei Chemical Industry (Japan)
• Shimmer Chemicals (India)
• Jiangsu Hongxing Chemical (China)
• Hunan Zhuzhou Chemical Industry Group()
• Changzhou Yuanfeng Chemical (China)
• Shandong Exceris Chemical (China)

Key Industry Development

April 2022: LANXESS is broadening its use of chlorotoluene in computer science (AI) in development. The specialty chemicals company has launched a project aimed toward expanding its range of prepolymers. The goal is to supply customers tailor-made polyurethane systems with even shorter lead times, including for entirely new submissions with different necessities.

REPORT COVERAGE

This report provides insights on company overview, revenue generated, company financials, investment in research and development, market potential, new market initiatives, global presence, production sites and facilities. You will be provided intel on company strengths production capacities and weaknesses, product launch, application dominance, product width and breadth. The report provides individual market impacting factors and changes in regulation in the market domestically that impact the future and current trends of the market. The report also sheds light on global brands and their challenges faced due to large or scarce competition from local and domestic brand.