The global propionyl chloride market, valued at USD 536 million in 2023, is projected to reach USD 897 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.8% during the forecast period. This growth is primarily driven by increasing demand across pharmaceuticals, agrochemicals, and dyes and pigments industries.
Get a Sample PDF copy of the report @ https://www.reportsinsights.com/sample/209726#utm_source=google&utm_id=google
Propionyl chloride is a vital chemical intermediate extensively utilized in various applications, including pharmaceuticals, agrochemicals, and dyes. Its role in synthesizing active pharmaceutical ingredients (APIs) and agrochemical compounds underscores its significance in these industries.
Pharmaceutical Industry Expansion: The rising prevalence of chronic diseases and advancements in medicinal chemistry have escalated the demand for APIs, thereby increasing the consumption of propionyl chloride.
Agricultural Productivity Focus: Growing emphasis on enhancing agricultural yields has led to increased utilization of agrochemicals, where propionyl chloride serves as a key intermediate.
Dyes and Pigments Demand: The expanding textile and fashion industries, coupled with the need for high-quality pigments in automotive and construction sectors, are driving the demand for propionyl chloride
Explore the Full Report Description, TOC, Figures, and Charts:
https://reportsinsights.com/industry-forecast/global-propionyl-chloride-market-2021-209726
By Purity:
≥99%
<99%
By Application:
Pharmaceuticals
Agrochemicals
Dyes and Pigments
Chemical Intermediates
Others
By End-User Industry:
Pharmaceutical
Chemical
Agriculture
Textile
Others
Asia Pacific is anticipated to dominate the propionyl chloride market during the forecast period, attributed to rapid industrialization, expanding pharmaceutical and agricultural sectors, and increased investments in chemical manufacturing.
Key players in the propionyl chloride market include:
BASF
CABB
LianFeng Chemicals
Jiangyin Yuecheng Jiangnan Fine
Shandong Xinhua Pharmaceutical
Anhui Jinquan Biotechnology
Huzhou Salon Chemical
Dongying Dafeng Chemical
Xiangyang Liwei Chemical
These companies are focusing on product innovation, strategic partnerships, and regional expansions to strengthen their market position.