Acryloyl Chloride Market: Introduction
Acryloyl chloride is also known as acrylyl chloride, 2-Propenoyl chloride, propenoyl chloride, and acrylic acid chloride. It is a derivative of acrylic acid that belongs to the acid chlorides group of chemicals. Its Chemical Abstracts Service (CAS) number is 814-68-6 and molecular formula is C3H3ClO. Acryloyl chloride is a light yellow liquid that is soluble in chlorinated solvents such as chloroform. It is flammable. Acryloyl chloride is synthesized by the reaction of acrylic acid with thionyl chloride, oxalyl chloride, or benzoyl chloride. Inhibitors such as hydroquinone are utilized in the synthesis to avoid polymerization of acryloyl chloride induced in the presence of light.
Acryloyl chloride is primarily employed in preparation of acrylate monomers and polymers. It is also used in organic synthesis of introduction of acrylic moieties into other compounds. Acryloyl chloride is employed as acylating agent and binding agent in the pharmaceutical industry. It is used in synthesis of acrylate monomers and polymer. The acrylate monomers and polymers have key applications in cosmetic products.
Rise in demand for acryloyl chloride in various end-user industries, such as pharmaceuticals and cosmetics, primarily in emerging economies is the key factor driving the global acryloyl chloride market. There exists volatility in prices of raw materials of acryloyl chloride. This is expected to hamper the global acryloyl chloride market during the forecast period.
Global Acryloyl Chloride Market: Segmentation
The global acryloyl chloride market can be segmented based on grade, end-use industry, and region. Based on grade, the global acryloyl market can be divided into 96% pure, 97% pure, 98% pure, and others (including ≥98% pure and ≥99% pure).
In terms of end-use industry, the global acryloyl chloride market can be segregated into pharmaceutical, cosmetics, and others (including food and agrochemical). Acryloyl chloride is used as acylating agent in manufacturing of amino glass slides and binding agent in the production of cationic copolymer hydrogels in the pharmaceutical industry. Demand for acryloyl chloride is increasing as a binding agent owing to the increase in usage of hydrogels in wound care dressings for cleansing and debriding necrotic tissues in wounds. 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 such as amino glass slides and hydrogels. This is anticipated to augment the demand for acryloyl chloride in the pharmaceutical industry during the forecast period.
Acrylate copolymers synthesized by acryloyl chloride are used extensively in cosmetics as film forming agents. They are employed in the manufacture of nail polish, eyeliner, mascara, lipstick, sunscreen, and skin care products such as lotions and creams. Improvement in the standard of living and economic growth, primarily in emerging economies, are estimated to drive the demand of acryloyl chloride in the cosmetics industry.
Global Acryloyl Chloride Market: Regional Outlook
Based on region, the global acryloyl chloride market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific is projected to hold significant share of the acryloyl chloride market in the near future. Emerging economies such as India and China are witnessing increase in per capita income and rapid urbanization. This is boosting the demand for cosmetics in Asia Pacific. Medical advancements through public and private investments are driving the pharmaceutical industry in Asia Pacific. This, in turn, is boosting the acryloyl chloride market in the region.
Global Acryloyl Chloride Market: Competitive Landscape
The global acryloyl chloride is fragmented, led by the presence of global and local players. Key players are adopting strategies such as expansion of facilities in developing regions and product launches to meet the needs of the end-user industries. Major players operating in the market are Shandong Ward Chemical Technology, ABCR GmbH & CO. KG, Alfa Aesar, Apollo Scientific, Haimen Best Fine Chemical, Hangzhou Volant Technology, Huaian Hongyang Chemical Co., Ltd., J&K Scientific Ltd., and others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.