What is Global Crotyl Chloride Market?
The Global Crotyl Chloride Market is a specialized sector within the chemical industry that focuses on the production and distribution of Crotyl Chloride, a chemical compound used in various applications. This market is a significant part of the global economy, with its value estimated at US$ 10 million in 2022. The market is projected to grow at a steady pace, with an expected value of US$ 14 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period of 2023-2029. This growth is driven by the increasing demand for Crotyl Chloride in various industries, including pharmaceuticals and pesticides.
97% Purity, 99% Purity, Others in the Global Crotyl Chloride Market:
The Global Crotyl Chloride Market is segmented based on the purity of the product, with the main categories being 97% Purity, 99% Purity, and Others. Each of these categories has its own market share and growth potential, with the 99% Purity category being the most sought after due to its superior quality and effectiveness. The main manufacturers of Crotyl Chloride include Evonik, Liye Chemical, and Cheng’en Chemical, which collectively account for about 99% of the market. These companies have established a strong presence in the market through their consistent product quality and reliable supply chains.
Pharmaceutical Intermediate, Pesticide Intermediate, Others in the Global Crotyl Chloride Market:
The Global Crotyl Chloride Market finds its primary application in the pharmaceutical industry, where it is used as an intermediate in the production of various drugs. This sector accounts for over 72% of the market's total usage, highlighting the critical role of Crotyl Chloride in pharmaceutical manufacturing. The compound is also used as an intermediate in pesticide production, contributing to the remaining market share. The diverse applications of Crotyl Chloride in these industries underline its importance and the potential for growth in the market.
Global Crotyl Chloride Market Outlook:
The Global Crotyl Chloride Market's outlook is positive, with steady growth expected in the coming years. The market was valued at US$ 10 million in 2022 and is projected to reach US$ 14 million by 2029, reflecting a CAGR of 4.7% during the forecast period of 2023-2029. The main manufacturers of Crotyl Chloride, including Evonik, Liye Chemical, and Cheng’en Chemical, account for about 99% of the market. Europe is the largest market for Crotyl Chloride, accounting for about 50% of the global market share. The primary application of Crotyl Chloride is in the pharmaceutical industry, which accounts for over 72% of its usage.
| Report Metric | Details |
| Report Name | Crotyl Chloride Market |
| Accounted market size in 2023 | US$ 11 million |
| Forecasted market size in 2029 | US$ 14 million |
| CAGR | 4.7 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Evonik, Liye Chemical, Cheng’en Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
