1-methylimidazole Market

COVID-19 Impact on 1-methylimidazole Market

• The COVID-19 outbreak is hampering the demand for 1-methylimidazole in many applications. Governments of various countries across the globe enforced lockdown measures to curb the spread of the coronavirus. This resulted in a slowdown and even a halt in manufacturing operations, thus hampering the demand for 1-methylimidazole.
• Key players operating in the 1-methylimidazole market are primarily tiered I and tier II manufacturers and suppliers. Manufacturing and supply chain facilities are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of these materials.
• The industrial shutdown caused by the COVID 19 pandemic has disrupted the supply chain. Disruption in the supply of raw materials is projected to hamper the full-scale operations of companies operating in the market.

Key Drivers of 1-methylimidazole Market

• Increase in usage of 1-methylimidazole in various applications, such as resins, plastics, pharmaceuticals, and textiles, is expected to contribute to the growth of the 1-methylimidazole market. 1-methylimidazole is widely used as an intermediate drug, dye, agricultural chemical, auxiliary textile, and other organic chemical. Also, it is used as a therapeutic agent in the manufacture of polyurethane and epoxy resins. In addition, demand for clothing brands in the fashion industry has been rising. This is expected to create opportunities for the 1-methylimidazole market.
• 1-methylimidazole has been increasingly used as a chemical intermediate in the production of pharmaceuticals and dyestuffs. The ability of 1-methylimidazole to form heterocyclic compounds makes it suitable for the production of resins. It is also suitable for cross-linking functionalized macromolecules such as cellulose, polyacrylamides, polyvinyl alcohol, keratin, and other polycondensates.

Restraints of 1-methylimidazole Market

• High product cost compared to synthetic and semi-synthetic products is expected to hamper the 1-methylimidazole market. 1-methylimidazole is three times more expensive than polyethylene due to its low production volume. This is also likely to hinder the market in the near future.

Asia Pacific to Constitute Significant Share of Global 1-methylimidazole Market

• In terms of region, the global 1-methylimidazole market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
• Asia-Pacific is expected to dominate the global market, owing to the highly developed textile sector in China, coupled with the continuous investments done in the region to advance the pharmaceutical and agriculture sectors through the years.
• North America holds the second position in the consumption of 1-methylimimidazole due to growing pharmaceutical industries and increasing investment by global players on R&D in order to meet the consumer demand.

Competitive Landscape of Global 1-methylimidazole Market

• Various companies focus on organic growth strategies such as product launches, product approvals, patents, and events. Inorganic growth strategies observed in the market are acquisitions, partnerships, and collaborations.

Key Players in Global 1-methylimidazole Market

• BASF
• Shanghai Holdenchem
• Anhui Wotu Chemical
• Jiangxi Jinkai Chemical
• Yinzhou Minghao Pharmaceutical
• Changzhou Chongkai Chemical
• Jiangsu Cale New Material
• Jiaxing Isen Chemical

Global 1-methylimidazole Market, by Product Type

• Pharma Grade 1-methylimidazole
• Industrial Grade 1-methylimidazole

Global 1-methylimidazole Market, by Application

• Pharmaceuticals
• Resins
• Textiles
• Plastics

Global 1-methylimidazole Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Arabic
  • South Africa
  • Rest of Middle East & Africa

1-methylimidazole Market: Introduction

• 1-methylimidazole, also known as N-methylimidazole, is an aromatic heterocyclic organic compound. It is a colorless liquid utilized as a specialty solvent, a base, and a precursor to some ionic liquids. It is used in pharmaceuticals, resins, textiles, plastics, etc.
• 1-methylimidazole is an important fine chemical material and intermediate. It is widely used in medicines and agricultural chemicals. 1-methylimidazole is also used as medicine intermediate raw material for preparing losartan, niter, azoles, fragrant, ketone, hydrochloric acid naphthalene, imidazoles, etc.