Global Benzoyl Chloride Market Outlook 2017-2022
Benzoyl chloride is a colorless to yellow liquid at ambient temperatures with a pungent, fuming odor. It is used primarily as a reactant in the production of benzoyl peroxide. Benzoyl Chloride is also used as an intermediate in the production of dyes, surfactants, perfumes, pharmaceuticals, resins and pesticides.
Benzoyl chloride is a synthetic organic chemical intermediate that is used in the synthesis of peroxides, resins, rubber chemicals, and stabilizers and in various other applications in the personal care/pharmaceutical and food industries. Benzoyl peroxide is used as an initiator for polymerization of acrylates (including dental cements and restoratives) and other polymers; as a bleaching agent for flour, fats, oils, waxes and milk used in the preparation of certain cheeses; in pharmaceuticals for the topical treatment of acne; in rubber curing; and as a finishing agent for some acetate yarns.
According to Gen Consulting Company, the global benzoyl chloride market is expected to reach a value of USD 252.44 million by the end of the year 2022 and exhibit a CAGR of 5.92% during the period of assessment. China holds the largest share of the global benzoyl chloride market owing to expanding infrastructural industry, the increasing demand of the automotive & transportation industry, and increasing purchase power.
The report covers forecast and analysis for the benzoyl chloride market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the benzoyl chloride market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the benzoyl chloride market on a global level.
The report has been prepared based on the synthesis, analysis, and interpretation of information about the global benzoyl chloride market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.
Demand for this market rises from the Benzoyl Peroxide (BPO), Agrochemical & Pharmaceutical, Dye & Pigment, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global benzoyl chloride market.
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