The global Isophthaloyl Chloride (ICL) market was valued at USD 1,761.2 Million in 2019 and is projected to reach USD 3,266.1 Million by 2027, expanding at a CAGR of 7.8% during the forecast period. Isophthaloyl Chloride (ICL) is used in a variety of performance polymers and fibers, where it impacts flame resistance, temperature stability, chemical resistance, and flexibility. In addition, it is an effective stabilizer for urethane prepolymers due to its ability to scavenge water. Physical Properties of the Chemical or Product: Isophthaloyl Chloride is a clear water-white liquid above its freezing point and a white crystalline solid at room temperature. Isophthaloyl Chloride has a boiling point of 272 °C and a melting point of 45 °C. Isophthaloyl Chloride is non-flammable and non-explosive. Moreover, Isophthaloyl Chloride acts as a crosslinking agent in various polymerization reactions. It can also be used for aromatic fiber raw materials, used as a pesticide, pharmaceutical, and polymer intermediates.
Reaching the untapped rural market: Although urbanization continues, global population in regions like India still resides in rural areas. As already noted, the population residing in villages has significantly reduced access to quality treatment and medicines. Many pesticides companies are thinking beyond larger cities and targeting rural sectors. While urban markets are currently more lucrative and will continue to represent a focus for the industry, the untapped potential of Indian rural markets is now seen as the next volume driver. Rising income levels leading to more affordability, improving health infrastructure, and increasing incidence of lifestyle diseases along with the use of health insurance are fueling the growth in rural areas.
Environmental exposure: Based on closed systems operations, no emissions would be expected. The substance itself is of no immediate concern for the environment (aquatic and terrestrial compartment. However, contact with moisture or water will create Hydrochloric Acid within the environment.
Side effects on Human Health: Causes severe skin burns. May cause corrosion with pain, ulceration or blisters, cracking or peeling of skin damage may be permanent. Extremely corrosive and destructive to tissue. Eye Corrosive, may cause permanent eye injury if not promptly treated. May cause tearing, pain, redness, swelling, ulceration, visual impairment or blindness. Respiratory tract may cause irritation of the respiratory system.
Based on types, the Solid Isophthaloyl Chloride segment was the largest product segment in the global Isophthaloyl Chloride (ICL) market in 2019. The segment contributed at 65.8% of the global market value in the same year. The Solid Isophthaloyl Chloride segment is expected to dominate throughout the period, 2020-2027 and also anticipated to expand highest CAGR during the forecast. Solid Isophthaloyl Chloride accounts for the largest segment in terms of value and volume. Solid isophthaloyl chloride is most commonly used as a laboratory chemical. Whereas it is not used for food, drug, pesticide or biocidal product. Solid Isophthaloyl Chloride has density 1.427g/cm3 with melting point - 43-45℃ and boiling point - 276.7°C at 760 mmHg. The flash point of solid isophthaloyl chloride is 131.9°C. In addition, solid isophthaloyl chloride has reactive water solubility. Moreover, it is corrosive. It also causes eye and skin burns. It can be harmful if absorbed through the skin. It may cause severe respiratory tract irritation with possible burns. It also may cause severe digestive tract irritation with possible burns. Most probably it is moisture sensitive.
Application category is further bifurcated into Fibers & Polymers, Pharmaceuticals, Pesticides, Dyes & pigments. Fibers & Polymers segment holds in the highest value share (35.8%) in 2019. Fibers & Polymers, Pharmaceuticals, and Pesticides together hold majority of the market. Fibers & Polymers category is expected to expand at highest CAGR (7.3%) during the forecast, 2020-2027.
In terms of regions, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is a promising region for the market. It constituted a ~58.0% share of the market in 2019. New energy infrastructure and radical changes in current energy production, towards renewable energy sources, creates opportunities for Isophthaloyl Chloride in China which holds majority of the Asia Pacific market. The market of Asia Pacific is projected to expand at a CAGR of ~7.0% during the forecast period. Europe and North America are expected to register modest growth owing to the growing demand in the chemical sector in North America. Growing industries for chemical helps the Isophthaloyl Chloride (ICL) market to grow in North America region.
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report provides supply chain analysis along with a list of raw material suppliers, manufacturers, distributors, and customers.
According to this Growth Market Reports report, the market from Isophthaloyl Chloride (ICL) is likely to register CAGR of 7.8% during forecast period 2020-2027, with an anticipated valuation of USD 3,114.9 million by the end of the 2027.
In addition to market size (in USD Million) & Consumption (K Kgs) Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the value chain is available in final report.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is primarily driven by Fibers & Polymers industry. New energy infrastructure and current energy production, towards renewable energy sources, generates demand for Isophthaloyl Chloride.
The market is expected to witness a decrease of over 2-3% between 2019 and 2020 owing to the adverse impact of COVID-19 pandemic on the Isophthaloyl Chloride (ICL) market.
The base year considered for the global Isophthaloyl Chloride (ICL) market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Fibers & Polymers manufacturing companies, Pharmaceuticals, Pesticide producers Dyes & pigments manufacturers are the end use companies that are driving the Isophthaloyl Chloride (ICL) market.
Major Manufactures include Dupont, CABB Chemicals, Changzhou Kefeng, Shandong Kaisheng New Materials etc.
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