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Chloroacetonitrile Market Size, Share & Trends Growth [2031]

Chloroacetonitrile Market

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Segments - by Purity (Below 99% and 99% and Above) by Application (Organic Synthesis Intermediate, Pharmaceutical Intermediate, Fumigant, and Others), Distribution Channel (Direct Sales through Manufacturers, and Wholesalers/Distributors), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

MC-6071
4.8 Rating
343 Pages

11-11-2023
68 Reviews

Author :

Riddhesh Dani

Fact-checked by :

Harneet Meher

Editor :

Shruti Bhat

Report Description

Market Outlook:

The global chloroacetonitrile market was estimated at USD 20,634.1 Thousand in 2022 and is anticipated to reach USD 35,590.8 Thousand by 2031, expanding at a CAGR of 6.4% during the forecast period. The global chloroacetonitrile held market volume XX Tons in 2022 and is expected to increase at a growth rate of 4.6% by the year 2031.

Chloroacetonitrile is the organic compound with the formula, ClCH2CN. It is a colorless liquid, derived from acetonitrile (CH3CN) by replacement of one hydrogen atom with chlorine. In practice, it is produced by dehydration of chloroacetamide.

Chloroacetonitrile has applications in synthesis of various chemicals, including pharmaceuticals and agrochemicals. Chlorine functionality present in chloroacetonitrile enables its use as a preferred intermediate for synthesis of a wide range of chemicals. Fenoxycarb is an insecticide that is prepared through a synthetic route involving chloroacetonitrile as organic intermediate. Chloroacetonitrile plays a pivotal role in the synthesis of guanithidine, which is a cardiovascular drug.

Macro-economic Factors

Increase in Industrial Production

Industrial production refers to the overall output of manufactured items, mined materials, and utility services within an economy. Increase in industrial production creates demand for a variety of commodities, including chemicals. Increase in production of chemicals enables the development of industrial infrastructure, which strengthens the overall supply chain. Increasing production brings down the overall cost of production, owing to decreased spending on overheads. Thus, increasing industrial production of commodities creates a positive environment for the market growth.

Crude Oil Prices

Crude oil is a main source for majority of the organic compounds, which are prepared through physical or chemical processes involving crude oil and its fractions. Crude oil serves as a backbone for synthetic organic chemicals though a variety of feedstocks, such as C1, C2, C4, C5, C6, and C8. Price fluctuations for crude oil creates disruptions down the value chain, as it mainly hampers the profitability of chemicals produced down the value chain.

Environmental Regulations

Environmental regulations imposed by governments in respective countries control the chemicals produced and consumed within the country. Chemicals are classified into various grades according to the threats posed by chemicals to environment and humPersistent and bio-accumulative chemicals are regulated to control the environmental damage caused by these chemicals. Environmental regulations play an important role in determining the usage pattern of certain chemicals, especially those which are termed hazardous.

Market Dynamics

Market Driver- Increasing Demand for Agrochemicals

The global population has been steadily increasing since the past decade. The increase in global population creates high demand for food grains, as governments in various countries strive for food security for their citizens. Chemicals such as herbicides, pesticides, fungicides, and fumigants play a crucial role in increasing the crop yields. Chemicals such as chloroacetonitrile are used in the synthesis of chemicals, such as insecticides and fumigants. Increasing demand for insecticides and fumigants creates high demand for chloroacetonitrile, thereby propelling the market.

Market Driver- Growth of pharmaceutical industry

Pharmaceutical industry is one of the fastest growing industries, owing to the increasing purchasing parity of the patients, prevalence of lifestyle disorders, increasing penetration of healthcare facilities, and advancements in medical science. Active pharmaceutical ingredients, commonly known as APIs, are synthesized by a series of chemical reactions. Chemicals such as chloroacetonitrile are used as intermediates for the synthesis of drugs, such as guanethidine. Thus, the growth of the pharmaceutical industry is creating high demand for chloroacetonitrile, thus boosting the market.

Market Restraint- Environmental Regulations and Restrictions

Chloroacetonitrile is a highly flammable chemical, which is easily ignited by heat, sparks or flames. It reacts with vapors to form explosive mixtures with air, which creates fire or explosion hazards. It is toxic in nature, which causes fatal hazards if inhaled, ingested or absorbed through skin. If contact or inhaled, it causes irritation, burning sensation, dizziness or asphyxiation. These properties make chloroacetonitrile a highly regulated chemical, which hampers the market growth.

Market Opportunities: Technological Advancements in Production Process

Technological advancements in the manufacturing process of chloroacetonitrite is expected to create opportunities for the manufacturers. Research and development are at the core of technological advancements and enable manufacturers to gain a competitive advantage over the competitors. Technological advancements contribute in reducing the price, which increases the adoption of the chemical, thus creating opportunities for the manufacturers.

Scope of the Report

The report on the global chloroacetonitrile market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Chloroacetonitrile Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year	2022
Historic Data	2016 and 2021
Forecast Period	2023–2031
Segmentation	By Purity (Below 99% and 99% and Above), By Application (Organic Synthesis Intermediate, Pharmaceutical Intermediate, Fumigant, and Others) By Distribution Channel (Direct Sales through Manufacturers, and Distributors/Wholesalers)
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered	Thermo Fisher Scientific, Hefei Home Sunshine Pharmaceuticals., Merck KGaA, Merck KGaA, Clearsynth, ANNEXE CHEM PVT LTD, Ami Organics., Central Drug House, Otto Chemie Pvt. Ltd., TNJ Chemicals, NINGBO INNO PHARMCHEM CO.,LTD. , Shanghai Sunwise Chemical Co., and TCI Chemicals

Segmental Outlook

Based on purity, the global chloroacetonitrile market is segmented into purity below 99% and 99% and above. The below 99% purity chloroacetonitrile, also known as technical grade chloroacetonitrile, is often used for organic synthesis, whereas chloroacetonitrile with purity 99% and above has applications in the preparation of pharmaceutical intermediates, owing to stringent purity requirements. The price of chloroacetonitrile increases with increase in purity, as high purity is achieved through rigorous separation process.

On the basis of application, the global chloroacetonitrile market is divided into organic synthesis intermediate, pharmaceutical intermediate, fumigant, and others. The others segment includes applications, such as extraction solvents and laboratory reagent. The pharmaceutical intermediate segment holds a significant market share, owing to the extensive use of chloroacetonitrile for synthesis of pharmaceuticals.

Chloroacetonitrile has several applications in the agrochemical industry. It is used in manufacturing herbicides to control undesirable vegetation and control pests. It is used in synthesis of insecticide fenoxycarb. It is also used in industrial processing as an organic intermediate in the synthesis of the cardiovascular drug, guanethidine.

On the basis of distribution channel, the global chloroacetonitrile market is divided into direct sales through manufacturers and distributor/wholesaler. The distributor/wholesaler segment holds a significant market share, owing to its multiple benefits, such as easy availability of chemicals through distributors. Distributors facilitate the timely delivery of chloroacetonitrile, especially in regions such as Latin America and the Middle East & Africa where production is relatively on the lower side.

Regional Outlook

On the basis of regions, the global chloroacetonitrile market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific held XX% market share in 2022. The market in the region is driven by the growing demand for chloroacetonitrile, mainly from the pharmaceutical industry. The market in Asia Pacific is expected to expand at a lucrative CAGR, owing to rising industrial production of chloroacetonitrile and increasing demand for chloroacetonitrile from the pharmaceutical industry.

Key Benefits for Industry Participants & Stakeholders

In-depth Analysis of the global chloroacetonitrile market
Historical, Current, and Projected Market Size in terms of Value
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints, and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Chloroacetonitrile Market Performance

Segments

By Purity

Below 99%
99% and Above

By Application

Organic Synthesis Intermediate
Pharmaceutical Intermediate
Fumigant
Others

By Distribution Channel

Direct Sales through Manufacturers
Distributors/wholesalers

By Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Market Players Profiled in the Report

Thermo Fisher Scientific
Merck KGaA
Hefei Home Sunshine Pharmaceuticals
Clearsynth
ANNEXE CHEM PVT LTD
Ami Organics
Central Drug House
Otto Chemie Pvt. Ltd.,
TNJ Chemicals
NINGBO INNO PHARMCHEM CO.,LTD
Shanghai Sunwise Chemical Co
TCI Chemicals

Competitive Landscape

Manufacturers operating in the global chloroacetonitrile market include Thermo Fisher Scientific, Hefei Home Sunshine Pharmaceuticals., Merck KGaA, , Clearsynth, ANNEXE CHEM PVT LTD, Ami Organics., Central Drug House, Otto Chemie Pvt. Ltd., TNJ Chemicals, NINGBO INNO PHARMCHEM CO.,LTD. , Shanghai Sunwise Chemical Co., and TCI Chemicals

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chloroacetonitrile Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Chloroacetonitrile Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Chloroacetonitrile Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
      4.4 Key Forces Shaping the Chloroacetonitrile Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Chloroacetonitrile Market Size & Forecast, 2016-2031
      4.5.1 Chloroacetonitrile Market Size and Y-o-Y Growth
      4.5.2 Chloroacetonitrile Market Absolute $ Opportunity
Chapter 5 Global Chloroacetonitrile Market Analysis and Forecast By Purity
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Purity
      5.1.2 Basis Point Share (BPS) Analysis By Purity
      5.1.3 Absolute $ Opportunity Assessment By Purity
   5.2 Chloroacetonitrile Market Size Forecast By Purity
      5.2.1 Below 99%
      5.2.2 99% and Above
   5.3 Market Attractiveness Analysis By Purity
Chapter 6 Global Chloroacetonitrile Market Analysis and Forecast By Distribution Channel
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Distribution Channel
      6.1.2 Basis Point Share (BPS) Analysis By Distribution Channel
      6.1.3 Absolute $ Opportunity Assessment By Distribution Channel
   6.2 Chloroacetonitrile Market Size Forecast By Distribution Channel
      6.2.1 Direct Sales through Manufacturers
      6.2.2 Wholesalers/Distributors
   6.3 Market Attractiveness Analysis By Distribution Channel
Chapter 7 Global Chloroacetonitrile Market Analysis and Forecast By Application
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Application
      7.1.2 Basis Point Share (BPS) Analysis By Application
      7.1.3 Absolute $ Opportunity Assessment By Application
   7.2 Chloroacetonitrile Market Size Forecast By Application
      7.2.1 Organic Synthesis Intermediate
      7.2.2 Pharmaceutical Intermediate
      7.2.3Fumigant
      7.2.4 Others
   7.3 Market Attractiveness Analysis By Application
Chapter 8 Global Chloroacetonitrile Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Chloroacetonitrile Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Chloroacetonitrile Analysis and Forecast
   10.1 Introduction
   10.2 North America Chloroacetonitrile Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Chloroacetonitrile Market Size Forecast By Purity
      10.6.1 Below 99%
      10.6.2 99% and Above
   10.7 Basis Point Share (BPS) Analysis By Purity
   10.8 Absolute $ Opportunity Assessment By Purity
   10.9 Market Attractiveness Analysis By Purity
   10.10 North America Chloroacetonitrile Market Size Forecast By Distribution Channel
      10.10.1 Direct Sales through Manufacturers
      10.10.2 Wholesalers/Distributors
   10.11 Basis Point Share (BPS) Analysis By Distribution Channel
   10.12 Absolute $ Opportunity Assessment By Distribution Channel
   10.13 Market Attractiveness Analysis By Distribution Channel
   10.14 North America Chloroacetonitrile Market Size Forecast By Application
      10.14.1 Organic Synthesis Intermediate
      10.14.2 Pharmaceutical Intermediate
      10.14.3Fumigant
      10.14.4 Others
   10.15 Basis Point Share (BPS) Analysis By Application
   10.16 Absolute $ Opportunity Assessment By Application
   10.17 Market Attractiveness Analysis By Application
Chapter 11 Europe Chloroacetonitrile Analysis and Forecast
   11.1 Introduction
   11.2 Europe Chloroacetonitrile Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Chloroacetonitrile Market Size Forecast By Purity
      11.6.1 Below 99%
      11.6.2 99% and Above
   11.7 Basis Point Share (BPS) Analysis By Purity
   11.8 Absolute $ Opportunity Assessment By Purity
   11.9 Market Attractiveness Analysis By Purity
   11.10 Europe Chloroacetonitrile Market Size Forecast By Distribution Channel
      11.10.1 Direct Sales through Manufacturers
      11.10.2 Wholesalers/Distributors
   11.11 Basis Point Share (BPS) Analysis By Distribution Channel
   11.12 Absolute $ Opportunity Assessment By Distribution Channel
   11.13 Market Attractiveness Analysis By Distribution Channel
   11.14 Europe Chloroacetonitrile Market Size Forecast By Application
      11.14.1 Organic Synthesis Intermediate
      11.14.2 Pharmaceutical Intermediate
      11.14.3 Fumigant
      11.14.4 Others
   11.15 Basis Point Share (BPS) Analysis By Application
   11.16 Absolute $ Opportunity Assessment By Application
   11.17 Market Attractiveness Analysis By Application
Chapter 12 Asia Pacific Chloroacetonitrile Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Chloroacetonitrile Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Chloroacetonitrile Market Size Forecast By Purity
      12.6.1 Below 99%
      12.6.2 99% and Above
   12.7 Basis Point Share (BPS) Analysis By Purity
   12.8 Absolute $ Opportunity Assessment By Purity
   12.9 Market Attractiveness Analysis By Purity
   12.10 Asia Pacific Chloroacetonitrile Market Size Forecast By Distribution Channel
      12.10.1 Direct Sales through Manufacturers
      12.10.2 Wholesalers/Distributors
   12.11 Basis Point Share (BPS) Analysis By Distribution Channel
   12.12 Absolute $ Opportunity Assessment By Distribution Channel
   12.13 Market Attractiveness Analysis By Distribution Channel
   12.14 Asia Pacific Chloroacetonitrile Market Size Forecast By Application
      12.14.1 Organic Synthesis Intermediate
      12.14.2 Pharmaceutical Intermediate
      12.14.3 Fumigant
      12.14.4 Others
   12.15 Basis Point Share (BPS) Analysis By Application
   12.16 Absolute $ Opportunity Assessment By Application
   12.17 Market Attractiveness Analysis By Application
Chapter 13 Latin America Chloroacetonitrile Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Chloroacetonitrile Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Chloroacetonitrile Market Size Forecast By Purity
      13.6.1 Below 99%
      13.6.2 99% and Above
   13.7 Basis Point Share (BPS) Analysis By Purity
   13.8 Absolute $ Opportunity Assessment By Purity
   13.9 Market Attractiveness Analysis By Purity
   13.10 Latin America Chloroacetonitrile Market Size Forecast By Distribution Channel
      13.10.1 Direct Sales through Manufacturers
      13.10.2 Wholesalers/Distributors
   13.11 Basis Point Share (BPS) Analysis By Distribution Channel
   13.12 Absolute $ Opportunity Assessment By Distribution Channel
   13.13 Market Attractiveness Analysis By Distribution Channel
   13.14 Latin America Chloroacetonitrile Market Size Forecast By Application
      13.14.1 Organic Synthesis Intermediate
      13.14.2 Pharmaceutical Intermediate
      13.14.3 Fumigant
      13.14.4 Others
   13.15 Basis Point Share (BPS) Analysis By Application
   13.16 Absolute $ Opportunity Assessment By Application
   13.17 Market Attractiveness Analysis By Application
Chapter 14 Middle East & Africa (MEA) Chloroacetonitrile Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Chloroacetonitrile Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Chloroacetonitrile Market Size Forecast By Purity
      14.6.1 Below 99%
      14.6.2 99% and Above
   14.7 Basis Point Share (BPS) Analysis By Purity
   14.8 Absolute $ Opportunity Assessment By Purity
   14.9 Market Attractiveness Analysis By Purity
   14.10 Middle East & Africa (MEA) Chloroacetonitrile Market Size Forecast By Distribution Channel
      14.10.1 Direct Sales through Manufacturers
      14.10.2 Wholesalers/Distributors
   14.11 Basis Point Share (BPS) Analysis By Distribution Channel
   14.12 Absolute $ Opportunity Assessment By Distribution Channel
   14.13 Market Attractiveness Analysis By Distribution Channel
   14.14 Middle East & Africa (MEA) Chloroacetonitrile Market Size Forecast By Application
      14.14.1 Organic Synthesis Intermediate
      14.14.2 Pharmaceutical Intermediate
      14.14.3 Fumigant
      14.14.4 Others
   14.15 Basis Point Share (BPS) Analysis By Application
14.16 Absolute $ Opportunity Assessment By Application
   14.17 Market Attractiveness Analysis By Application
Chapter 15 Competition Landscape
   15.1 Chloroacetonitrile Market: Competitive Dashboard
   15.2 Global Chloroacetonitrile Market: Market Share Analysis, 2022
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 Thermofischer
      15.3.2 Hefei Home Sunshine Pharmaceuti
      15.3.3 Merck KGaA
      15.3.4 Clearsynth
      15.3.5 Annexe Chem Pvt Ltd
      15.3.6 Ami Organics
      15.3.7 Central Drug House
      15.3.8 Otto Chemie
      15.3.9 TNJ Chemicals
      15.3.10 NINGBO INNO PHARMCHEM CO.,LTD.
      15.3.11 Shanghai Sunwise Chemical Co.,
      15.3.12 TCI Chemicals

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FAQ Section

Some frequently asked questions about this report!

1. Which is the base year calculated in the global chloroacetonitrile market report and what is the analysis period?

The base year considered for the global chloroacetonitrile market report is 2022. The complete analysis period is 2016 to 2031, wherein, 2016, and 2021 are the historic years, and the forecast is provided from 2023 to 2031.

2. What additional data analysis is available in a report?

In addition to market size (in US$ Thousand), the company market share (in % for the base year 2020), impact of key regulations, current and future market trends, patent analysis, penetration & growth prospect mapping, and market entry strategies are included for additional data analysis.

3. What is the impact of COVID-19 on the overall market during 2019 -2020?

COVID-19 hampered the chloroacetonitrile market moderately, as it is used in various end-use industries.

4. Who are the major players operating in the market?

Major manufacturers include Thermo Fisher Scientific, Hefei Home Sunshine Pharmaceuticals., Merck KGaA, Clearsynth, ANNEXE CHEM PVT LTD, Ami Organics., Central Drug House, Otto Chemie Pvt. Ltd., TNJ Chemicals, NINGBO INNO PHARMCHEM CO.,LTD., Shanghai Sunwise Chemical Co., and TCI Chemicals.