The global valeryl chloride market size stood at US$ 551.25 Mn in the year 2022 and is expected to reach US$ 898 Million by the year 2032 at a CAGR of 5% between 2022 and 2032.
The verticals basically driving the valeryl chloride market are ‘pharmaceuticals’ and ‘agrochemicals’. The chemical vertical is also bolstering the valeryl chloride market as it incorporates extensive research. Valeryl chloride is also known as ‘pentanoyl chloride’. Population explosion is the root cause of extensive usage of valeryl chloride, as agricultural produce needs to be on the go.
Coming to the electronics vertical, valeryl chloride is used in semiconductors and LCDs (liquid crystal displays).
Coming back to the pharmaceuticals vertical, growing geriatric population is the major contributor to revenue. Plus, increasing awareness regarding importance of valeryl chloride is expected to keep the cash registers ringing for valeryl chloride market in the years to come.
At the same time, the blunt fact that governments across the globe are imposing stern regulations regarding the protection of laborers serving these industries can’t be ignored. Besides, concerns regarding safety of chemical in end-products could prove to be detrimental if not handled with care. These factors could restrain the valeryl chloride market in the forecast period.
Future Market Insights has entailed these facets with future perspectives in its latest market study entitled ‘Valeryl Chloride Market’. Its team of analysts and consultants is into primary, secondary, and tertiary modes of research through its 360-degree approach. Macros as well as micros are being effectively worked upon over here.
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“With valeryl chloride increasingly being used by pharmaceuticals vertical in the form of medical feedstock, an emulsifier, and a surfactant, the global valeryl chloride market is likely to substantiate going forward”, says an analyst from Future Market Insights.
Key Takeaways from Valeryl Chloride Market
- North America and Europe collectively holds more than 40% of the market share due to the US being one of the key players in pharmaceuticals sector. The government is coming up with initiatives to facilitate better medical care. As such, the status quo is expected to remain the same even going forward.
- The Asia-Pacific is expected to grow at a rapid pace in the valeryl chloride market due to increase in production of crop protecting agents and pesticides.
- LATAM is expected to grow in valeryl chloride market on the back of Colombia and Brazil.
- MEA is expected to grow with expanding pharmaceutical vertical herein.
Competitive Arena
- BASF SE has its 5-Chlorovalerylchloride (5-CVCL), which comes across as a colorless to yellow liquid having pungent odor. It is used to produce agrochemicals and pharmaceuticals.
- CABB Chemicals has its acid chlorides, chlorinated intermediates, and acid anhydrides that are essential building blocks regarding synthesis of the new-fangled products for performance materials, life sciences, and crop sciences.
Key Companies Profiled
- Shiva Pharmachem
- Omega finechem Pvt. Ltd.
- Zibo Shanqiang Plastic Co., Ltd.
- Chemicalland21
- Tejraj Bros
- Dev Enterprise
- BASF SE
- CABB Chemicals
- Hangzhou Fanda Chemical
- Jiangsu Baichang Pharmaceutical
- Leonid Chemicals
- Shandong Jiahong Chemical
- Jinnan Fufang Chemical
- Lianfeng Chemicals
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Key Segments Profiled in the Valeryl Chloride Market Survey
By Purity:
- 98%
- 99%
- Others
By Application:
- Pharmaceuticals
- Agrochemicals
- Fragrances
- Electronics
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East and Africa
What does the Report cover?
- The research study is based on purity (98%, 99%, and likewise), and by application (pharmaceuticals, agrochemicals, fragrances, electronics, and likewise).
- With increase in production of medicines coupled with growing capacity of farm produce, the global valeryl chloride market is expected to grow on a voracious note between 2022 and 2032.
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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