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Global Chloroacetonitrile Market Forecast Covering Growth Inclinations & Development Strategies until 2028 / Tokyo Chemical Industry Co., Ltd., ChemTik, Acadechem Company Limited, MP Biomedicals, LLC, Alfa Aesar, Thermo Fischer Scientific, Angene Chemical
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The fast growing agricultural sector and its demand for pesticides and fertilizers is another driver for the chloroacetonitrile market. New alternatives in the market for fumigants can slow down the growth of the chloroacetonitrile market. The slightly higher cost of chloroacetonitrile may slower its market growth. The storage conditions and toxic nature of chloroacetonitrile can also slow down its market growth.
Chloroacetonitrile is a colorless and transparent fuming liquid having a pungent odour, and shows a good solubility in alcohol and ether. Chloroacetonitrile is also known as cyanide chloromethane, and is highly toxic in nature. It has also been seen that the oxidation of chloroacetonitrile in the presence of hydrogen peroxide can lead to the formation of cyanide, which is very harmful for human health. Chloroacetonitrile is stable at normal conditions, but it can react with acids, moisture, or strong oxidizing agents. Chloroacetonitrile will produce toxic vapors of hydrogen chloride on reacting with water. Chloroacetonitrile needs very extreme storage conditions with good ventilation and low temperature, due to its high toxicity and moderate flash point. Food additives, oxidants, and acids can react with chloroacetonitrile. Hence, it should be stored away from these chemicals. Analytical methods such as liquid chromatography or mass spectroscopy use chloroacetonitrile as an eluent additive. Chloroacetonitrile is also used by chemical industries as a raw material for the synthesis of organic chemical compounds and for analytical reagents. Chloroacetonitrile is also used in many pharmaceutical industries as an intermediate compound. Chloroacetonitrile is used by the pesticide industry in the synthesis of fumigants whose toxic vapours are used to poison and kill pests.
China, being a fast growing sector in the chemical, pharmaceutical, and pesticide industries, will be a good platform for the growth of the chloroacetonitrile market in the near future. The North American region, with its slow growth in chemical production and good growth in the pesticide as well as the pharmaceutical industry, will help the chloroacetonitrile market to grow up to a certain extent. Some regions of Latin America with a good growth in the chemical industry and slowly growing pesticide industry will also help the chloroacetonitrile market to grow.
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The European region, being a good chemicals producing region, along with good pharmaceutical industrial growth and moderately growing pesticide industry, will prove to be a prominent market for chloroacetonitrile. Japan, having a slow growth in the chemical as well as pesticide industry, but having a sound growth in the pharmaceutical industry, will be helping the chloroacetonitrile market grow to some extent. India, being another fast growing market in the chemical as well as pesticides and pharmaceutical industrial sectors, will be a very good platform for the growth of the chloroacetonitrile market. The Middle Eastern and African region, having moderate growth in the chemical industrial sector and slow growth of the pharmaceutical and pesticide industries, will stagnate the chloroacetonitrile market growth. The South East Asian and Pacific regions, having moderate growth in the pesticide, pharmaceutical, and chemical industries in recent years, will also help the chloroacetonitrile grow in the near future.
List of Market Participants
Following are the key market participants involved in the chloroacetonitrile market Merck KGaA, Tokyo Chemical Industry Co., Ltd., ChemTik, Acadechem Company Limited, MP Biomedicals, LLC, Alfa Aesar, Thermo Fischer Scientific, Angene Chemical, Phion Ltd., Finetech Industry Limited, Tractus, Toronto Research Chemicals
The research report presents a comprehensive assessment of the market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, application, and industry.
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