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Methyl & ethyl chloroacetate market | Coherent Market Insights

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Methyl & ethyl chloroacetate market | Coherent Market Insights

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  1. Coherent Market Insight Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker

  2. METHYL & ETHYL CHLOROACETATE MARKET ANALYSIS Methyl & Ethyl Chloroacetate Market Report, by Product Type (Methyl Chloroacetate, Ethyl Chloroacetate), by Grade (0.98, Others), by Application (Solvent, Chemical Synthesis, Others), and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  3. Methyl chloroacetate is a lachrymatory, colorless liquid with a pungent odor, and is used as an intermediate for dyestuff, medicines, and pesticides. The advantages offered by methyl chloroacetate include precise pH value, excellent purity, accurate composition, and longer shelf life. Ethyl chloroacetate is a water-white liquid with a strong, fruity odor, and is used in the process of manufacturing dyes, chemical compounds, and other applications. The advantages offered by ethyl chloroacetate include balanced composition, stable chemical and physical properties, and optimum purity.

  4. Methyl & ethyl chloroacetate is used in end-use industries such as personal care, pharmaceutical, and agriculture. Increasing population and food demand is driving the growth of agriculture industry, which in turn is predicted to boost demand for methyl & ethyl chloroacetate market from the agriculture industry in the near future. Growth of the food industry in Africa has accelerated demand for herbicides and pesticides. For instance, according to World Bank Statistics, Africa food market was valued at US$ 300 billion in 2017, and is expected to reach revenue of US$ 1 trillion by the end of 2030.

  5. Nevertheless, stringent regulations imposed by government agencies is expected to hinder the market growth in the coming years. Methyl chloroacetate is crystalline solid or solid which is dissolved in a liquid, and acute contact with it may cause serious damage to the eyes, skin, and mucous membranes. Methyl chloroacetate is used in the manufacturing process of chemicals, however it poses occupational hazards due to its toxicity content. These factors are expected to hamper growth of the global methyl & ethyl chloroacetate market. The global methyl & ethyl chloroacetate market was valued at US$ 760.6 Mn in 2018, and is expected to register a CAGR of 7.9% in terms of revenue over the forecast period (2019-2027), to reach US$ 1,562.8 Mn by 2027.

  6. Figure 1. Global Methyl & Ethyl Chloroacetate Market Share (%), By Region, 2018

  7. Among region, Asia Pacific accounted for the largest revenue share of 62.8% in 2018, and is expected to record the fastest growth during the forecast period. The regional growth is driven by growing end-use industries such as personal care & cosmetics, pharmaceutical, and agriculture. Rising demand for methyl & ethyl chloroacetate from these industries is likely to propel growth of the global methyl & ethyl chloroacetate market during the forecast period.

  8. According to India Brand Equity Foundation (IBEF), India’s beauty, cosmetics, and grooming market is projected to be valued at US$ 20 billion by the end of 2025, from US$ 6.5 billion in 2016. The market growth is driven by increasing disposable income and increasing consumer focus on improving their aesthetics. Therefore, demand for methyl & ethyl chloroacetate from end-use industries is expected to increase over the forecast period.

  9. In 2018, Europe held the second largest share in the global methyl & ethyl chloroacetate market. Factors such as increasing demand for methyl & ethyl chloroacetate in other chemical formulations in the chemical industry, along with rising application of such chemicals in the preparation of by-products in the pharmaceutical, personal care, and agriculture industries is expected to drive growth of the market. For instance, according to the U.S. Department of Commerce’s International Trade Administration, cosmetics industry in France was valued at US$ 18.2 billion in 2016, which increased to US$ 19.5 billion in 2017.

  10. Figure 2. Global Methyl & Ethyl ChloroacetateMarket Share (%), By Application, 2018

  11. Among applications, chemical synthesis segment accounted for the largest revenue share of 41.9% in 2018 in the global market. Methyl & ethyl chloroacetate is the preferred choice in the production of carboxymethyl cellulose, caffeine, starch, betaine, vitamin B, and pharmaceuticals products. Moreover, methyl & ethyl chloroacetate is used for organic synthesis of chemical compounds, and is also used in the manufacturing of pesticides & insecticides in the agriculture industry. Chemical synthesis is a process of formation of complex chemical compounds from simpler chemicals. Methyl & ethyl chloroacetate find major application in the preparation of octakis-(carbethoxymethoxy)calix[8]arene, synthesis of dimethyl carbonate, and other organic molecules in the chemical industry.

  12. Major players operating in the global methyl & ethyl chloroacetate market are Wuxi Yangshi Chemical, Changzhou WujinChangshen Chemical Co., Ltd., ChemChina, Anugrah In-Org Pvt Ltd., Jiangsu Xin Run Chemical, Shreyans Chemicals, Urmi Chemicals, WujiangQingyunZhengdong Chemical Co. Ltd., CABB Chemicals, and Jinan Finer Chemical Co. Ltd.

  13. REQUEST SAMPLE DOWNLOAD PDF REQUEST CUSTOMIZATION TALK TO ANALYST REFERENCE https://www.coherentmarketinsights.com/market-insight/methyl-and-ethyl-chloroacetate-market-3011

  14. About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: Customized Market Research Services Industry Analysis Services Business Consulting Services Market Intelligence Services Long term Engagement Model Country Specific Analysis

  15. Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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