Methallyl Chloride Market - Forecast(2024 - 2030)

Report Code: CMR 30552 Report Format: PDF + Excel

Methallyl Chloride Market Overview

Methallyl chloride market size is forecast to reach US$523.4 million by 2027, after growing at a CAGR of 3.8% during 2022-2027. Methallyl chloride also known as lacrymator is a colourless liquid with strong alkylating agent. It can be used as a building block in a variety of chemical synthesis and has applications in the pesticide industry, and spice production. Also, methylenecyclopropane can be synthesized from methallyl chloride using an intramolecular cyclisation process and a strong base such as sodium amide. Globally, the increasing usage of methallyl chloride, in the formulation of medicines is driving the growth of the market. Also, the rising growth of the pharmaceutical sector is uplifting the demand for methallyl chloride. Additionally, rising product launches and acquisitions are estimated to propel the global methallyl chloride industry forward over the forecast period.

Report Coverage

The report " Global Methallyl Chloride Market Report – Forecast (2022-2027)" by IndustryARC covers an in-depth analysis of the following segments of the methallyl chloride industry.

By Purity: 90%, 98%, and 99%
By Application: Medicine, Pesticide (Carbofuran, Ethalfluralin, and Fenbutatin Oxide), Spices, Vegetables, Plastics and Organic Chemicals, and Others
By End-Use Industry: Healthcare & Pharmaceutical, Food, Agrochemical, Packaging, Building & Construction, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and New Zealand, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)

Key Takeaways

  • The APAC region dominated the global methallyl chloride market due to the huge government investments made in the pharmaceutical industries in emerging economies such as China, Japan, India, and South Korea. 
  • Essential oils can be extracted from spices such as ginger and thyme using methallyl chloride. This results to an increase in methyl chloride import and consumption demand, which has a direct impact on market earnings throughout the projection period.
  • Furthermore, strict regulations pertaining to use of methallyl chloride will hinder the growth of the market in the forecast period.
  • Due to the Covid-19 pandemic, packaging sector experienced a positive demand from the healthcare sector as well as e-commerce industry. Thus leading to the significant increase in demand for packaging and positively impacted the growth of the methallyl chloride industry.
Figure: Asia-Pacific Methallyl Chloride Market Revenue, 2021-2027 (US$ Million)

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Methallyl Chloride Market Segment Analysis – By Application

Pesticide held the largest share in the methallyl chloride market and is expected to continue its dominance over the period 2022-2027. Methallyl chloride is considered as an essential intermediate used in the production of pesticides such as carbofuran, ethalfluralin, and fenbutatin oxide. Owing to the alluring characteristics, such as methallyl chloride's colourless and highly flammable liquid and vapour with a pungent odor is widely used in the formulation of pesticideMethallyl Chloride aids in the breakdown of plant cell walls by interfering with enzymes required for photosynthesis, resulting in the death of plants and controlling their growth rate. When bugs come into touch with the substance while spraying pesticides onto crops, they are killed through suffocation or poisoning. Thus, the increasing usage of methallyl chloride in pesticide would further drive the growth of the industry.

Methallyl Chloride Market Segment Analysis – By End-Use Industry

The agrochemicals sector dominated the methallyl chloride market with more than 35% in 2021 and is projected to grow at a CAGR of 4.4% during 2022-2027. Several studies and research papers have shown that using methallyl chloride in agrochemicals such as pesticides can be quite beneficial. It has the potential to increase farm productivity and support good agricultural practices. Increasing investments for the production of fertilizers has uplifted the demand for methallyl chloride. For instance, in March 2022, the U.S. Department of Agriculture (USDA) announced a US$ 250 million investment to support innovative American-made fertilizer, giving US farmers more market options. Additionally, as per India Brand Equity Foundation (IBEF), India intends to be self-sufficient in total fertilizer output by 2023, with the government building new manufacturing units to minimize reliance on imports.

Methallyl Chloride Market Segment Analysis – By Geography

The Asia-Pacific region dominated the global methallyl chloride market with a share of 37% in terms of value in the year 2021. The market in the region is witnessing expansion with the rising demand for methallyl chloride in several end-use sectors such as medical, food, packaging and others. Consumers' perceptions of a brand and the overall shopping experience are heavily influenced by packaging. Since it touches practically every industry segment, the packaging industry is one of India's fastest growing industries. Currently, rising growth of the packaging sector has uplifted the methallyl chloride industry. As per Invest India, The India Packaging Market was worth US$50.5 billion in 2019 and is predicted to reach US$204.81 billion by 2025, with a CAGR of 26.7% between 2020 and 2025.

Methallyl Chloride Market Drivers

Increasing demand for methallyl in the medical sector.

Methallyl chloride is utilized in the manufacture of a variety of pharmaceuticals. Generally, it is a chemical substance that can be used to kill bacteria by either destroying or preventing it from growing. Various compounds are mixed with methallyl chloride to treat diseases such as leprosy, tuberculosis, pneumonia, and malaria. Methallyl Chloride-containing medications assist & hinder bacterial cells from performing essential life activities such as cell division and protein production. This eventually causes microorganisms to die, resulting in the successful cure of various disorders. Rising growth of the pharmaceutical industry in emerging economies are driving the global methallyl chloride market. For instance, as per Invest India, the pharmaceutical business in India inclined at a CAGR of 22.4% between 2015 and 2020 to reach US$ 55 billion. India's pharmaceutical exports totaled US$ 17.27 billion in fiscal year 2018, which increased to US$ 10.80 billion in fiscal year 2019. Also, according to the International Trade Administration, in Japan the local production for pharmaceuticals increased from USD 62,570 thousands in 2018 to USD 87,027 thousands in 2019. Additionally, in China, by 2030, the size of the pharmaceuticals industry is expected to reach 16 trillion RMB (US$ 2.3 Million), according to the staff research report on the "US-China Economic and Security Review Commission." Furthermore, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the total pharmaceutical production was US$340,898.7 Million in 2020 from US$322,407.6 Million in 2019. Thus, the growing pharmaceuticals industry will increase the demand for medicine and is anticipated to drive the growth of the methallyl chloride market over the forecast period.

Methallyl Chloride Market Challenges

Strict Regulations Associated with Methallyl Chloride

According to the risk phrases of the United Nations, Globally Harmonized System of Classification and Labeling of Chemicals, methallyl chloride is threatening if swallowed and inhaled, and causes severe skin burns and eye damage, may cause an allergic skin reaction, and is toxic to aquatic life with long-term effects. According to the United States National Toxicology Program, methallyl chloride is reasonably expected to be a human carcinogen based on substantial evidence of carcinogenicity from experimental animal research. Also, methallyl chloride has been identified as a chemical with some evidence of carcinogenicity by the German Commission for the Investigation of Health Hazards of Chemical Compounds in the Work Environment. Thus, due to such strict regulations the market for methallyl chloride is estimated to get hindered over the projected period.

Methallyl Chloride Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the methallyl chloride market. Global methallyl chloride top 10 companies include:

  1. Jiangsu Dynamic
  2. Ningbo Yide Fine
  3. Zibo Honors
  4. Xiangyang King Success
  5. Greentech Laboratories Private Limited
  6. Zhejiang Huangma Technology Co., Ltd.
  7. Glentham Life Sciences Limited
  8. Sancai Industry Co., Ltd.
  9. AGC Chemicals 
  10. and Others

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1. Methallyl Chloride Market- Market Overview
    1.1 Definitions and Scope
2. Methallyl Chloride Market- Executive Summary
    2.1 Key Trends by Purity
    2.2 Key Trends by Application
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Methallyl Chloride Market– Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Methallyl Chloride Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Methallyl Chloride Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Methallyl Chloride Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Methallyl Chloride Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Methallyl Chloride Market – By Purity (Market Size -US$ Million/Billion)
    8.1 90%
    8.2 98%
    8.3 99%
9. Methallyl Chloride Market – By Application (Market Size -US$ Million/Billion)
    9.1 Medicine
    9.2 Pesticide
        9.2.1 Carbofuran
        9.2.2 Ethalfluralin
        9.2.3 Fenbutatin Oxide
    9.3 Spices
    9.4 Vegetables
    9.5 Plastics and Organic Chemicals
    9.6 Others
10. Methallyl Chloride Market – By End-Use Industry (Market Size -US$ Million/Billion)
    10.1 Healthcare & Pharmaceutical
    10.2 Food
    10.3 Agrochemical
    10.4 Packaging
    10.5 Building & Construction
    10.6 Others
11. Methallyl Chloride Market -By Geography (Market Size -US$ Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Methallyl Chloride Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Methallyl Chloride Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level – Major companies
    13.3 Market Share by Key Region – Major companies
    13.4 Market Share by Key Country – Major companies
    13.5 Market Share by Key Application – Major companies
    13.6 Market Share by Key Product Type/Product category – Major companies
14. Methallyl Chloride Market – Key Company List by Country Premium Premium
15. Methallyl Chloride Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies*"
LIST OF TABLES

LIST OF FIGURES

1.US Methallyl Chloride Market Revenue, 2023-2030 ($M)
2.Canada Methallyl Chloride Market Revenue, 2023-2030 ($M)
3.Mexico Methallyl Chloride Market Revenue, 2023-2030 ($M)
4.Brazil Methallyl Chloride Market Revenue, 2023-2030 ($M)
5.Argentina Methallyl Chloride Market Revenue, 2023-2030 ($M)
6.Peru Methallyl Chloride Market Revenue, 2023-2030 ($M)
7.Colombia Methallyl Chloride Market Revenue, 2023-2030 ($M)
8.Chile Methallyl Chloride Market Revenue, 2023-2030 ($M)
9.Rest of South America Methallyl Chloride Market Revenue, 2023-2030 ($M)
10.UK Methallyl Chloride Market Revenue, 2023-2030 ($M)
11.Germany Methallyl Chloride Market Revenue, 2023-2030 ($M)
12.France Methallyl Chloride Market Revenue, 2023-2030 ($M)
13.Italy Methallyl Chloride Market Revenue, 2023-2030 ($M)
14.Spain Methallyl Chloride Market Revenue, 2023-2030 ($M)
15.Rest of Europe Methallyl Chloride Market Revenue, 2023-2030 ($M)
16.China Methallyl Chloride Market Revenue, 2023-2030 ($M)
17.India Methallyl Chloride Market Revenue, 2023-2030 ($M)
18.Japan Methallyl Chloride Market Revenue, 2023-2030 ($M)
19.South Korea Methallyl Chloride Market Revenue, 2023-2030 ($M)
20.South Africa Methallyl Chloride Market Revenue, 2023-2030 ($M)
21.North America Methallyl Chloride By Application
22.South America Methallyl Chloride By Application
23.Europe Methallyl Chloride By Application
24.APAC Methallyl Chloride By Application
25.MENA Methallyl Chloride By Application