Chlorotoluene Market

Chlorotoluene Market Forecasts to 2028 – Global Analysis By Type (2-Chlorotoluene or O-Chlorotoluene, 3-Chlorotoluene or M-Chlorotoluene, and Others), End User (Agriculture, Chemical Industry, and Others) and By Geography

4.6 (23 reviews)
Published: August 2021 ID: SMRC20842
4.6 (23 reviews)
Published: August 2021 ID: SMRC20842

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Chlorotoluene Market is accounted for $871.20 million in 2020 and is expected to reach $1,183.16 million by 2028 growing at a CAGR of 3.9% during the forecast period. Rising demand for chlorotoluene in the manufacturing of pesticides & plant growth regulators, significant growth of the plastics, agrochemicals, and pharmaceutical industries, and increasing research & development activities are the major factors propelling the market growth. However, environmental and health hazards of chlorotoluene are hampering the market growth.

Chlorotoluene is an important intermediate in the pharmaceuticals and agrochemicals industries. Chlorotoluene, also known as chlorinated toluene, refers to a group of three isomeric chemical compounds, where the benzene ring is attached to a chlorine atom and a methyl group. This group of isomeric compounds includes ortho, meta, and para chlorotoluene, which depends on the position of the chlorine atom with respect to the methyl group. Chlorotoluene is produced by the reaction of toluene with chlorine under moderate temperature and normal pressure in the presence of a metal catalyst, such as iron chloride or titanium chloride. A crude product is obtained with the isomeric ratio of chlorotoluene mixture depending on the temperature and catalyst. The pure chlorotoluene isomers are further separated by fractional distillation.

Based on type, the 2-chlorotoluene or o-chlorotoluene segment is estimated to have a lucrative growth due to the increasing use of the product in the manufacturing of various agrochemicals, such as growth regulators, herbicides, fungicides, acaricides, and pesticides. Agrochemicals are majorly used for crop protection and to grow agricultural productivity. Moreover, o-chlorotoluene is used to produce benzyl chloride, which is used on a large scale in pharmaceuticals, cosmetics, paints industries, and agrochemicals. In addition, the growing demand for benzyl chloride in these applications is anticipated to consequently boost demand for chlorotoluene and favor the market growth during the forecast period.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the growing demand for the product in agrochemicals and pharmaceutical industries. Factors such as favourable governmental regulations, rapid industrialization, and robust growth of the chemicals industry are expected to be the key factors driving the growth of the regional market. Additionally, the pharmaceuticals industry is growing at a rapid CAGR in this region, which is anticipated to propel the growth of the regional market in the future.

Some of the key players profiled in the Chlorotoluene Market include Changzhou Yuanfeng Chemical Co. Ltd, Hunan Zhuzhou Chemical Industry Group, Iharanikkei Chemical Industry Co., Ltd, Jiangsu Hongxing Chemical, Lanxess, Merck KGaA, Shandong Exceris Chemical Co. Ltd, Shimmer Chemicals Pvt. Ltd, Toray Industries Inc, Valtris Specialty Chemicals, and WeylChem International GmbH.

Types Covered:
• 2-Chlorotoluene or O-Chlorotoluene
• 3-Chlorotoluene or M-Chlorotoluene
• 4-Chlorotoluene or P-Chlorotoluene
• Chlorotoluene Mixture

End Users Covered:
• Agriculture (Agrochemicals)
• Chemical Industry
• Paints & Coatings
• Personal Care
• Pharmaceutical Industry
• Polymers
• Textile Industry

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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