Global Methacryloyl Chloride Market: Introduction:
Methacryloyl chloride, also known as 2-methylprop-2-enoyl chloride, is used in organic synthesis of polymers of monomers such as 2-methacrylamido-caprolactam, other amides, and 2-Methyl-2-propenoyl chloride. The chemical is acid chloride of methacrylic acid. It has molecular formula of C4H5ClO and the chemical abstracts service (CAS) number is 920-46-7.
The chemical is pale colored liquid with a pungent smell. Methacryloyl chloride is mainly employed in the synthesis of polymers. It reacts with amines to yield amides and reacts with alcohols to yield esters. The chemical can be readily used to polymerize without stabilization and form prolonged storages by mean of exothermic polymerization reaction.
Rise in demand for methacryloyl chloride in various end-user industries such as pharmaceuticals and chemical, especially in emerging economies is a key factor driving the global methacryloyl chloride market.
Global Methacryloyl chloride Market: Segmentation
The global methacryloyl chloride market can be segmented in terms of grade, end-use industry, and region. Based on grade, the global methacryloyl market can be divided into 99% pure, 98% pure, and others (including 98.5% pure and ≤98% pure).
In terms of end-use industry, the global methacryloyl chloride market can be segregated into pharmaceutical, chemical, and others (including cosmetics and agrochemical). Rise in awareness about health issues and increase in disposable income of end-users to avail advanced medicinal treatments are boosting the demand for pharmaceutical products. Methacryloyl chloride is used in the synthesis of polymers of monomers such as 2-methacrylamido-caprolactam and other amides. These products are used in a broad spectrum of applications in the synthesis of raw materials for pharmaceutical products. This is anticipated to augment the demand for methacryloyl chloride in the pharmaceutical industry during the forecast period. Furthermore, methacryloyl chloride is used in organic synthesis of polymers of monomers such as 2-methacrylamido-caprolactam and other amides. Rise in demand for methacryloyl chloride from the chemical industry owing to increasing use of methacrloyl chloride in organic synthesis of polymers, especially in emerging economies such as China, India, and Brazil is anticipated to fuel the demand of methacryloyl chloride during the forecast period.
Global Methacryloyl Chloride Market: Regional Outlook
Based on region, the global methacryloyl chloride market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific is projected to constitute significant share of the global methacryloyl chloride market in the near future. Emerging economies such as India and China are witnessing increase in per capita income and development in medical infrastructure. This is boosting the demand for pharmaceuticals in Asia Pacific. Medical advancements through public and private investments are driving the pharmaceutical industry in Asia Pacific. This, in turn, is propelling the market in the region.
North America and Europe are projected to constitute a significant share of the global methacryloyl chloride market owing to the presence of well-established health care and pharmaceutical industries in these region.
Global Methacryloyl chloride Market: Competitive Landscape
The global methacryloyl chloride market is fragmented, due to the presence of global and local players. Key players are adopting strategies such as investment in research & development to gain a competitive advantage by means of product innovation.
Key players operating in the market include Waterstone Technology, Nantong Chem-Tech, Toronto Research Chemicals, Meryer (Shanghai) Chemical Technology, BeiJing Hwrk Chemicals, Anvia Chemicals, Apollo Scientific, Tianjin Zhongxin, Chemtech, AlliChem, 3B Scientific TCI, J & K SCIENTIFIC, HBCChem and Henan Tianfu Chemical Co.