Thionyl Chloride Market Expected to Reach USD 1.3 Billion by 2032 | Growing at a CAGR of 8.50%

Market Research Future (MRFR) has published a cooked research report on the “Global Thionyl chloride Market”that contains information from 2018 to 2032.Thethionyl chloride market is estimated to register a CAGR of 8.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global thionyl chloride market— Lanxess AG, Transpek Industries Ltd., CABB Group, Sigma Aldrich Co. LLC, Shandong Kaisheng New Materials Co. Ltd., Angene International Limited, Aurora Fine Chemicals LLC, Jiangxi Selon Industrial Co. Ltd., Merck KGaA, Hangzhou Trylead Chemical Technology, Bodal Chemicals Limied.

Market Highlights

The global thionyl chloride market is accounted to register a CAGR of 8.50% during the forecast period and is estimated to reach USD 1.3 billion by 2032.

The primary determinants of the total expenses of thionyl chloride products are the cost and accessibility of raw materials. Some of the fundamental components required to produce thionyl chloride are ethane, acetylene, and carbon dioxide. The majority of these essential commodities is derived from crude oil and is therefore vulnerable to fluctuations in commodity prices. The use of thionyl chloride in a variety of industries, including dyes, agrochemicals, and pharmaceuticals, is directly related to demand for the substance.

Segment Analysis

The global thionyl chloride market has been segmented based on Grade, Application, and Production Process.

On the basis of Grade, the market is segmented into Technical Grade, Pharmaceutical Grade. The technical grade segment was attributed to holding the largest market share in 2022. This is because grade is mostly used in industrial settings, like the production of different chemicals, insecticides, and herbicides.

Based on Application, the global thionyl chloride market has been segmented into Agrochemicals, Pharmaceuticals, Dyes & Pigments, Organic Synthesis, Batteries, Others. The batteries segment was expected to hold the largest market share in 2022. Because lithium-Thionyl chloride batteries, which are renowned for having a high energy density.

Based on Production Process, the global thionyl chloride market has been segmented into Sulfur trioxide Route, Sulfur dioxide Route, and Other Routes. The sulfur trioxide route segment was expected to hold the largest market share in 2022. Due to the fact that sulfur dioxide (SO2) can be directly chlorinated using chlorine gas (Cl2) and then oxidized.

Regional Analysis

The global thionyl chloride market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe thionyl chloride market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The thionyl chloride market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World thionyl chloride market comprises of Middle East, Africa, and Latin America.

The largest market share for thionyl chloride was maintained by the North American regional sector. The pharmaceutical industry uses thionyl chloride to synthesize intermediates and active pharmaceutical ingredients (APIs). The demand for thionyl chloride may rise sharply in response to the pharmaceutical industry's expansion in North America, which is being fueled by R&D expenditures, new drug approvals, and healthcare trends. Thionyl chloride is used extensively in agriculture to make insecticides and herbicides. In North America, variables including agricultural pricing, pest outbreaks, legislative measures, and environmental concerns impact the market for these items.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for thionyl chloride is driven by the availability and cost of thionyl chloride can be impacted by a number of supply chain variables, such as the accessibility of raw materials, the infrastructure for transportation, and the effectiveness of logistics’.

Additionally, a sizable share of the world's pharmaceutical manufacturing industry is based in Asia-Pacific. The need for thionyl chloride for drug synthesis is fueled by the expansion of the pharmaceutical sector in nations like China and India, which is a result of growing healthcare requirements, rising incomes, and expanding populations. Asia-Pacific nations are important participants in international commerce networks. Trade agreements, import-export laws, and geopolitical issues might affect thionyl chloride prices and availability in the area.

Furthermore, the rest of the world's thionyl chloride market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of incomes, and expanding populations. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global thionyl chloride market is expected to reach USD 1.3 billion by 2032, at a CAGR of 8.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increasing need for thionyl chloride for drug synthesis is fueled by the expansion of the pharmaceutical sector in nations.


• Based on grade, the technical grade segment was attributed to holding the largest market share in 2022.


• Lanxess AG, Transpek Industries Ltd., CABB Group, Sigma Aldrich Co. LLC, Shandong Kaisheng New Materials Co. Ltd., Angene International Limited, Aurora Fine Chemicals LLC, Jiangxi Selon Industrial Co. Ltd., Merck KGaA, Hangzhou Trylead Chemical Technology, Bodal Chemicals Limied.