Methyl & ethyl chloroacetate are halogenated esters that is used as solvents in organic synthesis, and in preparation of various compounds. These are also used as intermediates in the production of pesticides and herbicides in the agriculture industry, and for manufacturing drugs in the pharmaceutical industry. Moreover, methyl & ethyl chloroacetate is usedin manufacturing of products with high purity level requirements such as drugs manufacturing in pharmaceutical industry, and in production of dyestuff, nail polish removers, and other products in the personal care & cosmetics industry.
Market Dynamics
Based on product type, global methyl & ethyl chloroacetate market is segmented into ethyl chloroacetate and methyl chloroacetate segments. Out of which, the methyl chloroacetate segment accounted for the largest share in 2022. The segment growth is driven by increasing usage of methyl chloroacetate in formulation of chemicals such as octakis-(carbethoxymethoxy) calix [8]arene.
Among region, Asia Pacific held a dominant position in the global methyl & ethyl chloroacetate market in 2022, and accounted for a revenue share of 60% in 2022. Factors such as increasing usage of methyl & ethyl chloroacetate in various end use industries such as beauty & cosmetics, along with the growth of these industries is expected to drive the global methyl & ethyl chloroacetate market growth over the forecast period.
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