Increasing demand for chlorotoluene in the agrochemicals industry is projected to boost the growth of the global chlorotoluene market during the forecast period, 2018-2023 :

Pune, India, Decmber, 2018/MRFR Press Release/- Market Research Future published a Cooked Research Report on “Global Chlorotoluene Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023

Market Overview:

Chlorotoluene is an important intermediate in the pharmaceuticals and agrochemicals industries. Mono-chlorotoluenes in their pure form such as o-chlorotoluene, p-chlorotoluene, and m-chlorotoluene are further separated from the chlorotoluene mixture using various separation techniques, including fractional distillation and selective adsorption. The pure chlorotoluene is used as a solvent in chemical processing and in the formulation of agricultural pesticides. Increasing demand for chlorotoluene in the manufacturing of pesticides and plant growth regulators, coupled with significant growth of the agrochemicals industry, is expected to drive the growth of this market during the assessment period.

Competitive Analysis:

Some of the key players operating in the global chlorotoluene market are WeylChem International GmbH (Germany), Valtris Specialty Chemicals (US), Lanxess (Germany), Gujarat Alkalies and Chemicals Ltd (India), Toray Industries Inc (Japan), IHARANIKKEI Chemical Industry Co. Limited (Japan), Merck KGaA (Germany), Changzhou Yuanfeng Chemical Co. Ltd (China), Shimmer Chemicals Pvt Ltd (India), and Shandong Exceris Chemical Co. Ltd (China).

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Market Segmentation:

The global chlorotoluene market has been categorized on the basis of type, end-use industry, and region.

By type, the global chlorotoluene market has been categorized into o-chlorotoluene, p-chlorotoluene, and chlorotoluene mixture. The o-chlorotoluene segment is anticipated to account for the largest market share during the forecast period. This can be attributed to the widespread use of the product in the manufacturing of various agrochemicals, such as pesticides, herbicides, growth regulators, fungicides, and acaricides. Agrochemicals are primarily used for crop protection and to increase agricultural productivity. In addition, o-chlorotoluene is used to produce benzyl chloride, which is used on a large scale in cosmetics, pharmaceuticals, agrochemicals, and paints industries. Increasing demand for benzyl chloride in these applications is expected to consequently boost demand for chlorotoluene and favor the market growth during the review period.

Based on end-use industry, the global chlorotoluene market is segmented into chemicals, agrochemicals, paints & coatings, pharmaceuticals, personal care, polymers, and others. The agrochemicals industry is expected to account for the largest share of this market during the review period. Owing to the increasing global population, the demand for food is growing at a significant rate. To cater to this increasing food demand, the use of agrochemicals is likely to surge to increase productivity during the forecast period. There is a significant demand for agrochemicals in China, Brazil, India, and South Africa, which is expected to fuel the demand for chlorotoluene during the forecast period.

Regional Analysis:

Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa are the five key regions studied for the global chlorotoluene market. In 2017, Asia-Pacific dominated the global chlorotoluene market owing to the increasing demand for the product in agrochemicals and pharmaceutical industries. Furthermore, the pharmaceuticals industry is growing at a rapid CAGR in this region, which is expected to propel the growth of the regional market in the coming years.

North America and Latin America are the other substantial regional markets in the global chlorotoluene market. Europe accounted for a significant market share, by volume, in 2017, but is expected to witness moderate growth, during the forecast period, as the market is mature in the region.