Thionyl ChlorideMarket: Introduction
· Thionyl chloride is a liquid that is colorless, pale yellow, orreddish at ambient temperatures. The compound has low viscosity and a pungent,fuming, sulfur-like odor. Industrial manufacturing processes used forformulation of thionyl chloride include chlorosulfonic acid method, sulfurdioxide gas-phase method, and phosphorus oxychloride cogeneration.
· Thionyl chloride is often used as a chlorinating agent in themanufacture of chemicals used in herbicides, surfactants, drugs, and dyestuffs.In addition, it is employed in the formulation of polyarylate-type engineeringthermoplastics and electrolytes in lithium-ion batteries.
· Based on application, the globalthionyl chloride market can be segmented into dyes, pesticides, pharmaceutical agents,chemical synthesis, battery, and others. Among these, pesticides is a leadingsegment of the global market. Its major share is attributable to excellentability of thionyl chloride to impart chlorinating characteristics to variouspesticides. The battery segment is expected to expand at the maximum CAGRduring the forecast period, owing to increasing demand for remote monitoring,remote metering, automotive power, backup power, etc.
Key Drivers of GlobalThionyl Chloride Market
· Growing pressure on the agriculture sector to increase theyield-ability of crops is expected to drive the demand for agrochemicals in thenear future. Furthermore, growing food consumption across Asia Pacific isexpected to boost the demand for pesticides between 2020 and 2030. Thionylchloride is extensively used as a solvent in the production of pesticides.This, in turn, is expected to drive the thionyl chloride market in the nearfuture.
· Increasing demand for power sources, such as utility devices as wellas remote-metering devices, is expected to boost the demand for lithium thionylchloride batteries in the near future. Thionyl chloride is used as an activecathode material in lithium thionyl chloride batteries. This, in turn, isexpected to drive the demand for thionyl chloride in the next few years.
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Battery andPesticides Segments to Witness Attractive Opportunities
· Thionyl chloride is witnessing high demand in the batteryindustry for use as a solvent. It is used as an electrolyte in the manufactureof lithium-ion batteries.
· Rising research and development activities and increasingforeign direct investments (FDIs) in the opportunities to manufacturers ofthionyl chloride in the near future
· Rising demand for processing solvents in the pesticides sectorto produce inabenfide, valerate, fenvalerate, mosquito-killing dimerthrin,flucythrinate, diflubenzuron, isocarbophos, fenpropathrin, endosulfan,deltamethrin, and warfarin is expected to provide lucrative opportunities tomanufacturers operating in the global thionyl chloride market during theforecast period
· field of batteries, typically in Japan, China, and South Korea,are likely to provide immense MoreTrending Reports
Asia Pacific to Holda Major Share of Global Thionyl Chloride Market
· Geographically, the global market for thionyl chloride can bedivided into North America, Europe, Asia Pacific, Latin America, and MiddleEast & Africa
· Asia Pacific is a leading consumer of thionyl chloride, followedby North America and Europe. The region witnesses strong presence of majorcountries producing agricultural crops such as India, China, and Thailand.Rising demand for pesticides in order to enhance the productivity and yield ofcrops is expected to drive the demand for thionyl chloride in the next fewyears.
· Rising FDIs in the automotive industry in developing economiesof Asia Pacific is another factor likely to fuel the market in the region duringthe forecast period
· Rising demand for lithium thionyl chloride batteries used in theproduction of remote-monitoring devices is likely to propel the thionylchloride market in North America and Europe during the forecast period.Furthermore, manufacturers in these regions are primarily engaged in newproduct launches, extensive research and development activities, andstrengthening their presence in emerging markets.
· Rising imports of thionyl chloride in Latin America and MiddleEast & Africa are likely to boost the demand for thionyl chloride in theseregions from 2020 to 2030
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Key Players Operatingin Global Thionyl Chloride Market
The global thionyl chloride market is highly concentrated, withthe top producers accounting for a prominent market share. Some of the keyplayers operating in the global market are:
· Shandong Kaisheng New Materials
· Lanxess AG
· SUMITOMO SEIKA CHEMICALS CO., LTD.
· Jiang Xi Selon Industry
· China Pingmei Shenma Group
· CABB
· Transpek
· Chuyuan Group
· Shangyu Wolong Chemical
· Sichuan Boxing
· Changzhou Xudong Chemical
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