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Global Chlorotoluene Market is expected to reach USD1,183.16 MN By Forecast Year 2028: Stratistics MRC

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Global Chlorotoluene Market is expected to reach USD1,183.16 MN By Forecast Year 2028: Stratistics MRC

October 20
23:48 2021
Global Chlorotoluene Market is expected to reach USD1,183.16 MN By Forecast Year 2028: Stratistics MRC
Chlorotoluene market Data And Industry Growth Analysis | Stratistics Market Research Consulting
Chlorotoluene Market Forecasts to 2028 – Global Analysis By Type (2-Chlorotoluene or O-Chlorotoluene, 3-Chlorotoluene or M-Chlorotoluene, and Others), End User (Agriculture, Chemical Industry, and Others) and By Geography

The Global Chlorotoluene Market is accounted for $871.20 million in 2020 and is expected to reach $1,183.16 million by 2028 growing at a CAGR of 3.9% during the forecast period. Rising demand for chlorotoluene in the manufacturing of pesticides & plant growth regulators, significant growth of the plastics, agrochemicals, and pharmaceutical industries, and increasing research & development activities are the major factors propelling the market growth. However, environmental and health hazards of chlorotoluene are hampering the market growth. 

Some of the key players profiled in the Chlorotoluene Market include Changzhou Yuanfeng Chemical Co. Ltd, Hunan Zhuzhou Chemical Industry Group, Iharanikkei Chemical Industry Co., Ltd, Jiangsu Hongxing Chemical, Lanxess, Merck KGaA, Shandong Exceris Chemical Co. Ltd, Shimmer Chemicals Pvt. Ltd, Toray Industries Inc, Valtris Specialty Chemicals, and WeylChem International GmbH.

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Based on type, the 2-chlorotoluene or o-chlorotoluene segment is estimated to have a lucrative growth due to the increasing use of the product in the manufacturing of various agrochemicals, such as growth regulators, herbicides, fungicides, acaricides, and pesticides. Agrochemicals are majorly used for crop protection and to grow agricultural productivity. Moreover, o-chlorotoluene is used to produce benzyl chloride, which is used on a large scale in pharmaceuticals, cosmetics, paints industries, and agrochemicals. In addition, the growing demand for benzyl chloride in these applications is anticipated to consequently boost demand for chlorotoluene and favor the market growth during the forecast period.

Types Covered:• 2-Chlorotoluene or O-Chlorotoluene• 3-Chlorotoluene or M-Chlorotoluene• 4-Chlorotoluene or P-Chlorotoluene• Chlorotoluene MixtureEnd Users Covered:• Agriculture (Agrochemicals)• Chemical Industry• Paints & Coatings• Personal Care• Pharmaceutical Industry• Polymers• Textile Industry

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