Global Thionyl Chloride Market: Industry Analysis and Forecast (2021-2027) by Type, Application, and Region

By 2027, the Global Thionyl Chloride Market is expected to reach US $18.13 billion, thanks to growth in the battery and agrochemical segment. The report analyzes market dynamics by region and end-user industries.

Global Thionyl Chloride Market Overview:

The global thionyl chloride monomer market was valued at US $12.57 Bn. in 2020, and it is expected to reach US $18.13 Bn. by 2027 with a CAGR of 6.43% during the forecast period. SOCl2 is the chemical formula for thionyl chloride, an inorganic compound. It's a colourless, fairly volatile liquid with a terrible acid odour. Thionyl chloride is mostly used as a chlorinating reagent, but it is also used as a solvent on occasion. It is poisonous, reacts with water, and is on the Chemical Weapons Convention's list of substances that could be used to make chemical weapons. Thionyl chloride is frequently confused with sulfuryl chloride, SO2Cl2, but their characteristics are vastly different. Sulfuryl chloride is a chlorine source, whereas thionyl chloride is a chloride ion source. Global Thionyl Chloride Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated based on the real numbers and the outputs of the key players across the globe. The past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and is analyzed especially with the impact of lockdown by region.

Global Thionyl Chloride Market Dynamics:

Rising need from the agrochemicals sector. Over the forecast period, rising pressure on the agriculture industry to enhance crop yield-ability is likely to drive demand for agrochemicals. Also, between 2020 and 2030, rising food consumption in the Asia Pacific is expected to increase pesticide demand. In the manufacturing of pesticides, thionyl chloride is often used as a solvent. As a result, the thionyl chloride market is likely to grow considerably at a CAGR of xx% during the forecast period. In 2020, the worldwide agrochemical industry spent over US $xx billion, and expectations anticipate that by 2025, it is expected to increase to approximately US $xx billion, supporting the thionyl chloride market growth. The total agrochemical revenue accounts for xx% of global GDP, and increased expenses in the agrochemical industry in the coming years are expected to drive market growth over the forecast period. Volatile prices of raw materials and health concerns. The price and availability of raw materials are the most important factors in determining the overall costs of thionyl chloride products. Ethane, acetylene, and carbon dioxide are among the basic ingredients needed to make thionyl chloride. Most of these basic materials are derivatives based on crude oil that are subject to commodity price volatility. The rising global demand for crude oil, as well as the instability in the Middle East, are important drivers influencing costs. The market is also impacted by high transportation costs, which are caused by growing fuel prices, as well as high manufacturing costs leading to higher energy expenses. In response to increased manufacturing costs, producers have ensured that price increases are distributed unevenly, with end-users bearing the brunt of the expense. Thionyl chloride is classified as a known human carcinogen by the US Department of Health and Human Services NTP (National Toxicology Program). Long-term exposure has been related to angiosarcoma of the liver in both animals and humans. As a result, the aforementioned factors are expected to challenge the global market's growth during the forecast period.

Global Thionyl Chloride Market Segment Analysis:

Based on Type, the global thionyl chloride market is segmented into two types as follows, Purity ≥ 99.5%, and Purity < 99.5%. In 2020, the Purity ≥ 99.5% segment was dominant and held xx% of the overall market share in terms of revenue. This segment is anticipated to grow at a CAGR of xx% during the forecast period. Thionyl chloride with purity greater than 99.5% acts as an intermediate in the production of agrochemicals. There are no end products that use thionyl chloride relative to the risk it poses to human health. PVC is a stable, storable plastic that is not nearly as poisonous as VCM. Almost 80% of the thionyl chloride globally goes into the production of agrochemicals and it is expected to be the largest application of thionyl chloride. Global Thionyl Chloride MarketBased on Application, the global thionyl chloride market is segmented into six types as follows, dyes, pesticides, pharmaceutical agents, chemical synthesis, battery, and others. In 2020, the pharmaceutical agents’ segment was dominant and held xx% of the overall market share in terms of revenue. It is expected to continue its dominance by growing at a CAGR of xx% during the forecast period. The usage of thionyl chloride as a solvent is in high demand in the battery sector. It is used in the production of lithium-ion batteries as an electrolyte. In the near future, rising R&D and foreign direct investments (FDIs) in the field of batteries, particularly in Japan, China, and South Korea, are expected to present enormous prospects for thionyl chloride manufacturers.

Global Thionyl Chloride Market Regional Insights:

In 2020, Asia Pacific was dominant among all the regions accounting for xx% of the overall market share in terms of revenue. China is also a major producer of thionyl chloride and one of its largest consumers. By the end of 2021, the region is expected to lead agrochemicals revenue, contributing to almost xx% of global revenue, with countries such as China, India, and Indonesia contributing significantly to the industry. In 2020, the market value of China's agrochemical sector is expected to be US $xx billion. By the end of 2021, India's agrochemical market is expected to be valued at approximately US $xx billion. As a result, rising demand from various sectors is likely to drive the market evaluated in the area throughout the forecast period. North America is expected to have a slow growth rate of xx% over the forecast period. Europe is expected to have an unfavorable impact on the development of the market for thionyl chloride because of severe regulations on its use related to its hazardous effects on humans and the environment. Global Thionyl Chloride MarketThe objective of the report is to present a comprehensive analysis of the global monomer market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global monomer market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Thionyl Chloride monomer market make the report investor’s guide.

Global Thionyl Chloride Market Scope: Inquire before buying

Global Thionyl Chloride Market

Global Thionyl Chloride Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Thionyl Chloride Market Key Players

Lanxess AG • Transpek Industries Ltd. • CABB Group • Sigma Aldrich Co. LLC • Shandong Kaisheng New Materials Co. Ltd. • Angene International Limited • Jiangxi Selon Industrial Co. Ltd. • ChemTik • Aurora Fine Chemicals LLC • Sumitomo Seika Chemicals Co. Ltd. • China Pingmei Shenma Group • Chuyuan Group • Shangyu Wolong Chemical • Sichuan Boxing • Changzhou Xudong Chemical • Others

Frequently Asked Questions:

1. What is the forecast period considered for the Thionyl Chloride market report? Ans. The considered forecast period for the Thionyl Chloride market is 2021-2027. 2. Which key factors are hindering the growth of the Thionyl Chloride market? Ans. The health issues related to the use of thionyl chloride and volatile prices of raw materials are the key factors expected to hinder the growth of the market during the forecast period. 3. What is the compound annual growth rate (CAGR) of the Thionyl Chloride market for the next 6 years? Ans. The global thionyl chloride monomer market is expected to grow at a CAGR of 6.43% during the forecast period (2021-2027). 4. What are the key factors driving the growth of the Thionyl Chloride market? Ans. The increasing demand for thionyl chloride from the agrochemical industry is the key factor expected to drive the growth of the market during the forecast period. 5. Which are the worldwide major key players covered for the Thionyl Chloride market report? Ans. Lanxess AG, Transpek Industries Ltd., CABB Group, Sigma Aldrich Co. LLC, Shandong Kaisheng New Materials Co. Ltd., Angene International Limited, Jiangxi Selon Industrial Co. Ltd., ChemTik, Aurora Fine Chemicals LLC, Sumitomo Seika Chemicals Co. Ltd., China Pingmei Shenma Group, Chuyuan Group, Shangyu Wolong Chemical, Sichuan Boxing, Changzhou Xudong Chemical, and Others.
1.lPreface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Thionyl Chloride Market Size, by Market Value (US $Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Thionyl Chloride Market 3.4. Geographical Snapshot of the Thionyl Chloride Market, By Manufacturer share 4. Global Thionyl Chloride Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Thionyl Chloride Monomer Market 5. Supply Side and Demand Side Indicators 6. Global Thionyl Chloride Market Analysis and Forecast, 2020-2027 6.1. Global Thionyl Chloride Monomer Products Market Size & Y-o-Y Growth Analysis. 7. Global Thionyl Chloride Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 7.1.1. Purity ≥ 99.5% 7.1.2. Purity < 99.5% 7.2. Market Size (Value) Estimates & Forecast By End-use Industry, 2020-2027 7.2.1. Dyes 7.2.2. Pesticides 7.2.3. Pharmaceutical agents 7.2.4. Chemical synthesis 7.2.5. Battery 7.2.6. Others 8. Global Thionyl Chloride Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Thionyl Chloride Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 9.1.1. Purity ≥ 99.5% 9.1.2. Purity < 99.5% 9.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 9.2.1. Dyes 9.2.2. Pesticides 9.2.3. Pharmaceutical agents 9.2.4. Chemical synthesis 9.2.5. Battery 9.2.6. Others 10. North America Thionyl Chloride Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Thionyl Chloride Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 12. Canada Thionyl Chloride Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 13. Mexico Thionyl Chloride Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 14. Europe Thionyl Chloride Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 15. Europe Thionyl Chloride Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Thionyl Chloride Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 17. France Thionyl Chloride Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 18. Germany Thionyl Chloride Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 19. Italy Thionyl Chloride Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 20. Spain Thionyl Chloride Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 21. Sweden Thionyl Chloride Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 22. CIS Countries Thionyl Chloride Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 23. Rest of Europe Thionyl Chloride Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 24. Asia Pacific Thionyl Chloride Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 25. Asia Pacific Thionyl Chloride Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Thionyl Chloride Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 27. India Thionyl Chloride Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 28. Japan Thionyl Chloride Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 29. South Korea Thionyl Chloride Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 30. Australia Thionyl Chloride Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 31. ASEAN Thionyl Chloride Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 32. Rest of Asia Pacific Thionyl Chloride Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 33. Middle East Africa Thionyl Chloride Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 34. Middle East Africa Thionyl Chloride Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Thionyl Chloride Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 36. GCC Countries Thionyl Chloride Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 37. Egypt Thionyl Chloride Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 38. Nigeria Thionyl Chloride Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 39. Rest of ME&A Thionyl Chloride Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 40. South America Thionyl Chloride Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 41. South America Thionyl Chloride Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Thionyl Chloride Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 43. Argentina Thionyl Chloride Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 44. Rest of South America Thionyl Chloride Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Thionyl Chloride Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Application, and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Lanxess AG 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Transpek Industries Ltd. 45.3.3. CABB Group 45.3.4. Sigma Aldrich Co. LLC 45.3.5. Shandong Kaisheng New Materials Co. Ltd. 45.3.6. Angene International Limited 45.3.7. Jiangxi Selon Industrial Co. Ltd. 45.3.8. ChemTik 45.3.9. Aurora Fine Chemicals LLC 45.3.10. Sumitomo Seika Chemicals Co. Ltd. 45.3.11. China Pingmei Shenma Group 45.3.12. Chuyuan Group 45.3.13. Shangyu Wolong Chemical 45.3.14. Sichuan Boxing 45.3.15. Changzhou Xudong Chemical 45.3.16. Others 46. Primary Key Insights

About This Report

Report ID 119290
Category Material & Chemical
Published Date Sep 2021
Updated Date
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