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Rising Applications in Pharmaceutical Industry to Grow Global Acid Chloride Market to Over $3,903 Million by 2032. | Future Market Insights, Inc.

NEWARK, DE /ACCESSWIRE/November 29, 2022/ According to Future Market Insights, the global market Acid Chloride Market should go from US$2,430.9 million in 2022 at US$3,903 million by 2032, with global demand accelerating to CAGR of 4.9% throughout the forecast period (202202032).

The increasing application of acid chlorides in pharmaceuticals, chemical reagents, plastics and pigments, organic peroxides and agrochemicals is a key factor driving the global market and the trend is expected to continue during the forecast period.

As cardiovascular diseases like atherosclerosis become more common, the demand for pharmaceuticals like aspirin continues to soar. According to National Center for Biotechnology Information (NCBI) data released in 2021, more than 30% of Americans used aspirin in 2019. Additionally, sustained pharmaceutical demand is expected to drive market revenue growth. over the next few years.

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Apart from pharmaceutical applications, the demand for acid chlorides is also seeing significant growth opportunities in the agrochemical sector. Steady population growth is propelling sales of agrochemicals to increase crop yields to meet growing food demand. As key active ingredients, various acid chlorides are experiencing high levels of demand from the agrochemical sector.

On the other hand, various health risks associated with exposure to a broad spectrum of acid chlorides and regulations associated therewith are limiting the expansion of the market.

“Rising prevalence of heart disease and rising demand for pharmaceuticals like aspirin are expected to propel the sales of acid chlorides during the forecast period,” says an IMF analyst.

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Key points to remember:

  • The global acid chloride market is expected to reach a value of more than US$3,903.5 millionnot by the end of the forecast period, with a CAGR of 4.9% over the forecast period.

  • By product type, the benzoyl chloride segment holds the largest share of the global acid chloride market.

  • On the basis of end-use, the pharmaceuticals segment will grow at a higher CAGR over the next ten years.

  • The United States will remain the largest acid chloride market during the forecast period.

  • The demand for acid chlorides across China is expected to grow at a steady pace during the forecast period.

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Who wins?

According to IMF analysis, Altivia, BASF, Novaphene, CABB Chemicals, Orion Chem Pvt. Ltd., Wilmar International, Transpek Industry Ltd., VanDeMark Chemical, Inc., Kuhlmann Europe, R. Drugs and Intermediates Pvt. Ltd., Twin Lake Chemical Inc., Shiva Pharmachem Ltd., Rheinmetall AG and others are identified as key manufacturers in the Acid Chloride Market.

These key players are constantly focusing on increasing their production capacities to meet end-user demands. They establish new production facilities if they upgrade older ones, in addition to forming partnerships and alliances with other companies.

More information about the Acid Chlorides market report

In its latest report, IMF offers an unbiased analysis of theAcid Chloride Marketproviding historic data from 2017 to 2021 and forecast statistics from 2022 to 2032. To understand the market potential, growth, and scope, the market is segmented on the basis of product type, application, market end use and region.

For more information on Global Acid Chloride Market Analysis and Forecast Report 2032, click on this link –


1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Key Market Trends

3.1. Key trends impacting the market

3.2. Product Innovation / Development Trends

4. Key success factors

4.1. Product Adoption / Usage Analysis

4.2. USP/Product Features

4.3. Strategic promotional strategies

5. 2017-2021 Global Market Demand Analysis and Forecast, 2022-2032

5.1. Historical Analysis of Market Volume (kilotons), 2017-2021

5.2. Current and future projections of market volume (kilotons), 2022-2032

5.3. Analysis of annual growth trends

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About Future Market Insights (IMF)

Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, USA and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.

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