Acid chlorides demand in India is projected to grow at a CAGR of more than 8% during 2020-2024.
A new market research report introduced by TechSci Research provides an overall analysis of India Acid Chlorides Market. The presented market report will incorporate all the major factors and advancements that assume an imperative role in market growth in the anticipated range of 10 years. It likewise introduces the overview of industry players, preferences, challenges the market is experiencing. The research report gives an entire comprehension of the India Acid Chlorides Market in terms of revenue.
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Acid chlorides demand in India is projected to grow at a CAGR of more than 8% during 2020-2024. India acid chlorides market is expected to witness a robust growth during forecast period owing to rapidly increasing population and rising urbanization. Increasing export of organic & inorganic chemicals, rise in the production of dyes & dye intermediates such as reactive acid & direct dyes and growing demand for the polymer from various end use sectors such as automotive, construction, healthcare, etc., is anticipated to drive demand for acid chlorides through the forecast period.
Moreover, Benzoyl Chloride, 4-Chloro Butyryl Chloride, Pivaloyl Chloride, n-Valeroyl Chloride and Neo-decanoyl Chloride are expected to hold major share in the domestic acid chlorides market owing to its extensive application in polymer and pesticides sector. Additionally, Isophthaloyl Chloride, Terephthaloyl Chloride, 2-ethyl hexanoyl Chloride, Isobutyryl Chloride and Pivaloyl Chloride are expected to maintain their dominance in the export market.
Some of the major players operating in India acid chlorides market are Transpek Industry Limited, Shiva Pharmachem Limited, Deedy Chemicals Private Limited and Bromchem Laboratories Private Limited, among others.
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To extract data for India acid chlorides market, primary research surveys were conducted with PBT resin manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, TechSci Research analyzed various end user segments and projected a positive outlook for India acid chlorides market over the coming years.
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