The Thionyl Chloride market Trends:
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up at a quick pace, registering a CAGR of almost 6.43% during the tenure of 2021-2027.
Thionyl chloride, in addition to its many advantages, can be used to replace other reagents such as phosphorous pentachloride. It’s a flexible reagent, and by-products of thionyl chloride are gaseous, which makes it easier to purify products and promotes their usage as reagents. It also decomposes quickly into hydrogen chloride and sulphur dioxide. It is generally used to synthesize carboxylic acid chlorides from carboxylic acid as a chlorinating agent. It’s also used in the conversion of alcohols to alkyl chlorides, acid anhydride chlorination, organic sulfonic acid/carboxylic acid chlorine displacement, and other processes. Over the forecast period, rising demand for thionyl chloride over other reagents is expected to drive the thionyl chloride market.
To meet the rising demand for food, agrochemicals such as fertilizers and insecticides have become indispensable. With rising demand for agricultural products, it’s more important than ever to get the most out of limited resources, which is driving up the usage of pesticides to enhance crop yield and production, which is expected to drive the thionyl chloride market.
The report published by Maximize encompasses the market dynamics which could affect the market growth in the region, the Value-Chain Analysis, and Porter’s Analysis for the thionyl chloride market at a global level.
The study is consolidated based on segments and further into sub-segments, based on Type (Purity ≥ 99.5%, and Purity < 99.5%), and Application (dyes, pesticides, pharmaceutical agents, chemical synthesis, battery, and others).
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major 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, and Others.
You can browse the market data tables and figures spread through a comprehensive research report and an in-depth TOC on the “Global Thionyl Chloride Market.”
https://www.maximizemarketresearch.com/market-report/global-thionyl-chloride-market/119290/
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