Thionyl Chloride Market Regional Developments, Competitive...

Thionyl Chloride Market Regional Developments, Competitive Landscape Analysis and Industry Forecast by 2032 | Expert Review

Veröffentlicht 2024-10-11 05:00:27

199

Market Overview

According to a Comprehensive Report by Market Research Future (MRFR), Thionyl Chloride Market Information by Grade, Application, Production Process, and Region - Forecast till 2032,"

The Thionyl Chloride Market was valued at USD 0.6 billion in 2022 and is expected to grow from USD 0.7 billion in 2023 to USD 1.3 billion by 2032, registering a compound annual growth rate (CAGR) of 8.50% during the forecast period (2023–2032).

Market Synopsis

Thionyl chloride (SOCl2) contains sulfur, oxygen, and chlorine. This colorless to yellowish liquid with a strong smell is a versatile reagent employed in organic synthesis and chemical processes. Thionyl chloride is a potent oxidizer and chlorinator. It dissolves in benzene, chloroform, and carbon tetrachloride but aggressively interacts with water to release hydrogen chloride and sulfur dioxide. In certain chemical processes, its water reactivity makes it a powerful drying agent.

Thionyl chloride is employed in organic synthesis as a chlorinating agent, especially to convert carboxylic acids to acid chlorides, which are significant intermediates in pharmaceutical, agrochemical, and fine chemical synthesis. Under moderate circumstances, thionyl chloride reacts with a carboxylic acid to produce acid chloride, sulfur dioxide, and hydrogen chloride.

Thionyl chloride is also used to dehydrate alcohols into alkyl chlorides. This reaction produces an alkyl chloride and sulfur dioxide by replacing the alcohol's hydroxyl (-OH) group with a chlorine atom (-Cl). Its effectiveness and gentle reaction conditions make thionyl chloride dehydration of alcohols popular.

List Of Thionyl Chloride Companies:

Lanxess AG
Transpek Industries Ltd.
CABB Group
Sigma Aldrich Co. LLC
Shandong Kaisheng New Materials Co. Ltd.
Angene International Limited
Aurora Fine Chemicals LLC
Jiangxi Selon Industrial Co. Ltd.
Merck KGaA
Hangzhou Trylead Chemical Technology
Bodal Chemicals Limited

Market USP Covered:

Market Drivers:

Thionyl chloride has gained more preference than any other reagent in recent years, and this would stimulate market growth.

Its primary use is as a chlorinating agent in preparing carboxylic acid chlorides from carboxylic acids. It is also used for the conversion of alcohols to alkyl chlorides, chlorination of acid anhydride, and chlorine displacement of organic sulfonic acid/carboxylic acid, among others

Thionyl chloride has numerous advantages in comparison to other reagents like phosphorous pentachloride. It can be used as a flexible reagent whereby by-products of thionyl chloride are mostly gaseous; hence, there is a tendency towards purification process benefits with regards to products that may act as reagents. However, it only decomposes into hydrogen chloride and sulfur dioxide.

Sales in the United States are projected to command a significant portion of total thionyl chloride sales value throughout North America. The US has been a main hub for industries such as petrochemicals, chemicals, pharmaceuticals, etc.

The thionyl chloride market will see substantial growth in emerging countries, spurred by its demand in the chemical, petrochemical and agrochemical industries. On the other hand, the US will be a highly lucrative market. Besides having technological superiority over other regions, it is also a good destination for manufacturers, and therefore, the thionyl chloride market will keep growing. Furthermore, an increase in battery sales within the USA is expected to further fuel market expansion.

Market Restraints:

Thionyl chloride faces competition from alternative reagents in some applications, which offer similar or even better performance at lower safety and environmental risks. Regulatory compliance costs can lead manufacturers and end-users to look for alternatives to thionyl chloride, so that they can reduce the risk posed by hazardous chemicals.

Market Segmentation

Grade-based segmentation of the Thionyl chloride market includes Technical Grade and pharmaceutical Grade.

The thionyl chloride market is segmented by application, including Agrochemicals, Pharmaceuticals, Dyes and pigments, Organic Synthesis, and Batteries.

The thionyl chloride market is segmented based on the production process, and the routes involved are Sulfur trioxide, Sulfur dioxide, and Others.

Regional Insights

Several factors will promote the expansion of the Asia-Pacific thionyl chloride market. The Asia-Pacific chemical industry is one of the biggest and fastest-growing internationally due to rising demand in building, automotive, textiles, and consumer products. Thionyl chloride helps synthesize many chemical products. Hence, its demand is directly tied to the chemical industry's success.

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: sales@marketresearchfuture.com