Isooctyl chloride, also referred to as ethylhexl chloride is a chemical compound which has its uses in the pharmaceuticals, plastics and machinery industry. It has a CAS number i.e. 73772 – 39 – 1. It is a key chemical which is used as an ingredient to make polymer products, intermediate in a number of medicines and also is used as an additive in rubber industry. The effects of this chemical include an anti-fouling agent, antistatic agent, donor, flame retardant, heat stabilizer, initiator, melt flow additive, stabilizer & a tinting agent.
The global isooctyl chloride market is predicted to boost at a noteworthy growth of 5.8% in the upcoming years. The significant uses and applications of the compound is one of many factors which will affect the global isooctyl chloride market. Other factors include the increased demand of the chemical in several regions some of which are North America, East Asia, etc. A notable rise in the awareness and the establishment of several manufacturing units across regions is also a key factor affecting the global isooctyl chloride market. Furthermore, ease of access of such chemicals via online methods has improved the convenience factor for industrialists which in turn has helped in the growth of the global isooctyl chloride market.
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However, the chemical is a significant irritant when in contact and is slightly unstable, thus several precautions have to be taken while handling the compound and it has proven to be difficult to transport from one location to another. Thus, this aspect acts as a predominant restraint for the market. Competitors should come up with innovative ideas and cost effective methods to handle the operations, supply and demand chain of the global isooctyl chloride market.
Isooctyl Chloride Market: COVID – 19 Impact
The covid-19 pandemic had disastrous impact on the global isooctyl chloride market. Due to restrictions on trade from region to region, it had adverse consequences on the market. Government initiatives to stop the disease from spreading had to take place at the cost of a significant downfall of the overall isooctyl chloride market in terms of revenues. This led to a price surge to tackle the market. Key players have released statements regarding the covid-19 impact and the measures taken to handle the crisis.
Segmentation Analysis of Isooctyl Chloride Market:
The global isooctyl chloride market is bifurcated into four major segments which are classified as: product type, applications, end-user and geography.
On The Basis Of Type Of Product, The Isooctyl Chloride Market Has Been Segmented As Follows:
- 98% isooctyl chloride
- >98% isooctyl chloride
On The Basis Of Applications Of The Product, The Isooctyl Chloride Market Has Been Segmented As Follows:
- Medicine Intermediate
- Rubber Additive
- Polymer Additive
On The Basis Of End-User Industry, The Isooctyl Chloride Market Has Been Segmented As Follows:
- Pharmaceutical Industry
- Chemical Industry
On The Basis Of Geographic Regions, The Isooctyl Chloride Market Has Been Segmented As Follows:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
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Isooctyl Chloride Market: Regional Outlook
The global isooctyl chloride market is segregated into several key regions which are namely North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa. The market is well expanded in these regions and Asian region is the dominant region in the geographical segment of the isooctyl chloride market. However, good presence of the chemical can be found in the European regions as well mainly owing to the establishment of several manufacturers in the region.
North America and Europe are predicted to witness a significant growth boost in the global isooctyl chloride market in the upcoming years. Key factors supporting this are the rise in awareness of the chemical and expansion of key players into different regions along with the diverse applications of the product.
Isooctyl Chloride: Key Players
The global isooctyl chloride market is fragmented in nature with a number of players in business around the globe. The key players of the isooctyl chloride market are Hainan Zhongxin Ltd., Finipharma, Evonik, Sigma Aldrich, Aerochem, Leap Chem, Sancai Industries and Aceto. These key players have controlled the market and are devoted to expansion by using several strategies such as mergers and acquisitions and research & developments in advanced technologies pertaining to the operations and manufacture of the chemical.
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