The global pivaloyl chloride demand is anticipated to rise at a CAGR of 4.3% to 6% during the forecast period between 2022 and 2032. Rising applications of pivaloyl chloride across pharmaceutical and agrochemical industries are driving growth in the global pivaloyl chloride market.
| Report Attribute | Details |
|---|---|
| Pivaloyl Chloride Market Projected Growth Rate (2022 to 2032) | 4.3% to 6% CAGR |
Pivaloyl Chloride, also called 2, 2- dimethyl propanol chloride, is a branded chain acyl chloride with a pungent odor. It is being increasingly used as a building block in agrochemical, pharmaceutical, and refining chemicals industries.
Over the years, pivaloyl chloride has become a commonly used intermediate for the production of agricultural chemicals like insecticides, herbicides, pesticides, pharmaceutical compounds, and in peroxy esters manufacturing.
The rapid expansion of the pharmaceutical industry triggered by the increasing prevalence of various chronic and infectious diseases, growing health awareness, and increasing spending on medicines is expected to push the demand for pivaloyl chloride during the forecast period.
Pivaloyl chloride is being extensively used to manufacture pharmaceutical products such as DPE, cefazolin, dipivefrin, aminobenzylpenicilin, cephalexin, and digitally epinephrine.
The rapid growth of end-use industries such as chemical, agrochemical, and pharmaceutical is a major factor driving the demand for pivaloyl chloride.
Pivaloyl chloride has become an ideal intermediate candidate for manufacturing a wide range of pharmaceutical and agrochemical products.
Factors such as a surge in diseases worldwide and increasing healthcare spending have ignited the growth of the pharmaceutical industry worldwide. People are spending large amounts on pharmaceutical drugs. As many of these pharmaceuticals are manufactured by using pivaloyl chloride as an intermediate, the rising dale for these products will eventually push the demand for pivaloyl chloride during the forecast period.
Similarly, rising concerns about food insecurity are prompting farmers to use agrochemicals like herbicides, fertilizers, pesticides, etc. According to the Food and Agriculture Organization (FAO) of the United Nations, globally, hunger levels remained alarmingly high during 2021 with around 193 million people facing acute food insecurity. This is acting as a catalyst for the growth of the pivaloyl chloride market and the trend is likely to continue during the forecast period.
Despite multiple applications of pivaloyl chloride, there are certain factors that are limiting the growth of the pivaloyl chloride industry. Some of these factors include the presence of stringent regulations pertaining to the use of insecticides and pesticides, the hazardous nature of pivaloyl chloride, and the availability of various alternative pharmaceutical and pesticide intermediates.
Various countries are introducing regulations on the excessive use of insecticides and pesticides as they are harmful to humans, animals, and the environment. This in turn is creating major challenges for manufacturers of pivaloyl chloride.
Asia Pacific remains the most lucrative market for pivaloyl chlorides and the trend is likely to continue in the foreseeable future, owing to the booming agricultural and chemical industries, presence of lax government regulations, increasing consumer spending, and heavy presence of some of the world’s leading manufacturers in China.
During the last few years, there has been a substantial rise in the demand for pesticides, insecticides, and pharmaceutical compounds across countries like China and India and this trend is likely to continue during the assessment period. This is providing a strong thrust to the growth of the pivaloyl chloride market in the region.
China remains at the epicenter of pivaloyl chloride market growth due to exploding agricultural and chemical industries, robust urbanization, increasing spending on pharmaceuticals, and favorable government support.
According to Future Market Insights, Europe will emerge as the second most lucrative market for pivaloyl chloride during the forecast period. Factors such as the rapid expansion of pharmaceuticals and polymer industries, availability of advanced manufacturing technologies, and increasing usage of pivaloyl in a wide range of applications are driving the growth in the pivaloyl chloride market in Europe.
Countries like the United Kingdom and Germany are experiencing high demand for pivaloyl chloride on the back of increased spending on pharmaceutical products, the rising popularity of intensive farming, and a surge in research and development by manufacturers to explore more applications of pivaloyl chloride.
Some of the key participants present in the global pivaloyl chloride market include BASF SE, Lanzhou Auxiliary Agent, Hebei Fude Chem-Tech, CABB Chemicals, VWR International, LLC., Shandong Jiahong Chemical, Lubon Chemical, AIHENG Industry, Shandong Minji Chemical, and JSN Chemicals LTD.
These leading companies are continuously focusing on expanding their production capacities as well as investing in research and development to find new applications of pivaloyl chloride.
Further, they have adopted various organic and inorganic strategies such as partnerships, mergers, acquisitions, collaborations, and the establishment of new manufacturing facilities across attractive regions to get an upper hand in the global pivaloyl chloride market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.3% - 6% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Application, End-Use Industry, Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; Japan; Middle East and Africa |
| Key Countries Profiled |
USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled |
BASF SE; Lanzhou Auxiliary Agent; Hebei Fude Chem-Tech; CABB Chemicals; VWR International, LLC.; Shandong Jiahong Chemical; Lubon Chemical; AIHENG Industry; Shandong Minji Chemical; JSN Chemicals LTD |
| Customization | Available Upon Request |
FMI projects the global pivaloyl chloride market to expand at a 4.3% to 6% value CAGR by 2032
Currently Asia Pacific remains the most lucrative pivaloyl chloride market.
BASF SE, Lanzhou Auxiliary Agent, Hebei Fude Chem-Tech, CABB Chemicals, VWR International, LLC., Shandong Jiahong Chemical, and Lubon Chemical are some prominent pivaloyl chloride manufacturers
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Pivaloyl Chloride Market
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