Methyl & Ethyl Chloroacetate Market To Reach US$ 1,562.8 Mn By 2027

The global methyl & ethyl chloroacetate market is projected to reach US$ 1,562.8 Mn by 2027, exhibiting a CAGR of 7.9% during the forecast period (2019-2027). The market is expected to witness significant growth over the forecast period, owing to increasing demand for methyl & ethyl chloroacetate from various end-use industries such as pharmaceuticals and personal care & cosmetics.

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Key companies covered as a part of this study include, Wuxi Yangshi Chemical, Changzhou Wujin Changshen Chemical Co., Ltd., ChemChina, Anugrah In-Org Pvt Ltd., Jiangsu Xin Run Chemical, Shreyans Chemicals, Urmi Chemicals, Wujiang Qingyun Zhengdong Chemical Co. Ltd., CABB Chemicals, and Jinan Finer Chemical Co. Ltd.

Detailed Segmentation:

Global Methyl & Ethyl Chloroacetate Market, By Product Type:
Ethyl Chloroacetate
Methyl Chloroacetate

Global Methyl & Ethyl Chloroacetate Market, By Grade:
0.98
Others

Global Methyl & Ethyl Chloroacetate Market, By Application:
Solvents
Chemical Synthesis
Others

Market Dynamics

Based on product type, methyl & ethyl chloroacetate market is bifurcated into ethyl chloroacetate and methyl chloroacetate segments, in which, the methyl chloroacetate segment accounted for the largest share in 2018. The segment growth is driven by increasing usage of methyl chloroacetate in formulation of chemicals such as octakis-(carbethoxymethoxy)calix[8]arene.

Among applications, chemical synthesis segment accounted for the largest revenue share of 41.9% in 2018 in the global market. Methyl & ethyl chloroacetate is the preferred choice in the production of carboxymethyl cellulose, caffeine, starch, betaine, vitamin B, and pharmaceuticals products.

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Among regions, Asia Pacific held dominant position in the global methyl & ethyl chloroacetate market in 2018, and accounted for a revenue share of 62.8% in the same year.

Europe held the second largest share in the global methyl & ethyl chloroacetate market. Factors such as increasing demand for methyl & ethyl chloroacetate in other chemical formulations in the chemical industry, along with rising application of such chemicals in the preparation of by-products in the pharmaceutical, personal care, and agriculture industries is expected to drive growth of the market.

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This release was published on openPR.