According to Stratistics MRC, the Global Chlorotoluene Market is accounted for $871.20 million in 2020 and is expected to reach $1,183.16 million by 2028 growing at a CAGR of 3.9% during the forecast period. Rising demand for chlorotoluene in the manufacturing of pesticides & plant growth regulators, significant growth of the plastics, agrochemicals, and pharmaceutical industries, and increasing research & development activities are the major factors propelling the market growth. However, environmental and health hazards of chlorotoluene are hampering the market growth.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the growing demand for the product in agrochemicals and pharmaceutical industries. Factors such as favourable governmental regulations, rapid industrialization, and robust growth of the chemicals industry are expected to be the key factors driving the growth of the regional market. Additionally, the pharmaceuticals industry is growing at a rapid CAGR in this region, which is anticipated to propel the growth of the regional market in the future.
Some of the key players profiled in the Chlorotoluene Market include Changzhou Yuanfeng Chemical Co. Ltd, Hunan Zhuzhou Chemical Industry Group, Iharanikkei Chemical Industry Co., Ltd, Jiangsu Hongxing Chemical, Lanxess, Merck KGaA, Shandong Exceris Chemical Co. Ltd, Shimmer Chemicals Pvt. Ltd, Toray Industries Inc, Valtris Specialty Chemicals, and WeylChem International GmbH.
Types Covered:
• 2-Chlorotoluene or O-Chlorotoluene
• 3-Chlorotoluene or M-Chlorotoluene
• 4-Chlorotoluene or P-Chlorotoluene
• Chlorotoluene Mixture
End Users Covered:
• Agriculture (Agrochemicals)
• Chemical Industry
• Paints & Coatings
• Personal Care
• Pharmaceutical Industry
• Polymers
• Textile Industry
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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