Global Benzoyl Chloride Market: Overview

Benzoyl chloride, also known as benzenecarbonyl chloride, is an organochlorine compound with chemical formula C6H5COCl. It is also known as alpha-chloro benzaldehyde. It is a colorless, fuming liquid, with an irritating odor. It is primarily used in the production of peroxides. It is also generally useful in other areas. For instance, benzoyl chloride is employed in the preparation of dyes, perfumes, pharmaceuticals, and resins. Benzoyl chloride is produced from benzotrichloride using either water or benzoic acid. Akin to other acyl chlorides, it can be generated from the parent acid and other chlorinating agents, phosphorus or thionyl chloride.

It was first prepared through the treatment of benzaldehyde with chlorine. Benzoyl chloride is a typical acyl chloride, which reacts with alcohols to give the corresponding esters. Similarly, it reacts with amines to give amides. Benzoyl chloride must be moderately heated or exposed to relatively high ambient temperatures before the ignition can occur. It possesses various properties. For instance, it readily undergoes violent chemical changes at elevated temperatures and pressures. It also reacts violently or explosively with water; hence, various safety considerations need to be taken while handling benzoyl chloride. Benzoyl chloride decomposes exothermically and rapidly in water to form insoluble benzoic acid and hydrochloric acid (HCl). Benzoyl peroxide is a common reagent in polymer chemistry that is produced industrially by treating benzoyl chloride with hydrogen peroxide and sodium hydroxide.

Global Benzoyl Chloride Market: Drivers and Restraints

Rise in demand for benzoyl chloride in the pharmaceuticals industry is propelling the benzoyl chloride market. Increase in usage of benzoyl chloride to prepare dye intermediates is also augmenting the benzoyl chloride market. On the other hand, its hazardous effects such as emission of highly poisonous gases such as phosgene make it a highly restricted chemical. It also needs to be handled with utmost safety. These factors are hampering the benzoyl chloride market. Exposure to benzoyl chloride benzoyl can lead to various human health hazards such as irritation to eyes, throat infections, and breathing problems. This is also adversely affecting the benzoyl chloride market.

Global Benzoyl Chloride Market: Key Segments

Based on grade type, the benzoyl chloride market can be segmented into qualified grade, excellent grade, and others.

In terms of application, the benzoyl chloride market can be divided into benzoyl compounds, dyes intermediates, pharmaceuticals, agrochemicals, and others.

Based on geography, the benzoyl chloride market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific accounts for significant share of the benzoyl chloride market owing to the rise in demand from pharmaceutical and agrochemicals industries.

Global Benzoyl Chloride Market: Key Players

Key players operating in the benzoyl chloride market include Hubei Phoenix Chemical Company Limited, Ineos, Jiangsu Jiamai Chemical Company Limited, Jiangsu Yuanyang Pharmaceutical Company Limited, Jiangyin Jianheng, Lanxess, Nippon Light Metal, and Xintai Lanhe. 

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
  • Europe
  • 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.

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Benzoyl Chloride Market

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