Chlorooctane Market Size to Gain Momentum by 2028; Increasing Usage as Solvent in Chemical Production Boost Growth, States Fortune Business Insights™February 17, 2021
Top companies covered in the chlorooctane market are CABB Group GmbH, MOLBASE, TCI (Shanghai) Development Co. Ltd., Restek Corporation, ChemSrc, NINGBO INNO PHARMCHEM CO. LTD., HiMedia Laboratories, Neogen Chemical Limited, Jinan Finer Chemical Co. Ltd., Orchid Chemicals & Pharmaceuticals Ltd., Hangzhou Dayangchem Co., Ltd., and Other key market players profiled
Pune, India, Feb. 17, 2021 (GLOBE NEWSWIRE) — The global chlorooctane market size is set to gain impetus from its ever-increasing usage as a solvent for controlling worms and producing chemicals, especially for the manufacturing of organic synthesis compounds. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Chlorooctane Market, 2021-2028.” The report further states that chlorooctane is currently experiencing high demand from a wide range of applications, such as chemical intermediates, stabilizers, pharmaceutical ingredients, and a surface-active agent.
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We aim to provide the best market research solutions under one roof to help our clients choose the best strategy as per their requirements. Our syndicated or custom reports deliver accurate statistics and comprehensive analysis of revenue. The competitive landscape section contains detailed profiles of prominent players. They also include a company description, revenue, and sales generated in the chlorooctane business.
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Our analysts have segregated the market on the basis of type, application, and type, Based on type, it is divided into purity 99% and purity 98%. By application, it is fragmented into chemical intermediate, stabilizer, pharmaceutical ingredient, surface active agent, and others.
Drivers & Restraints-
Rising Demand from Pharmaceutical Industry to Boost Growth
Chlorooctane is experiencing high demand from the pharmaceutical industry across the globe. The chemical is utilized for controlling worms in the field of medicine. At times, it is also blended with other chemicals to develop numerous medicinal drugs. In addition to that, numerous organizations are nowadays trying to create novel methods to synthesize chlorooctane to prevent pollution. However, the hazardous nature of this chemical may hinder the chlorooctane market growth in the upcoming years.
Increasing Usage as Pharmaceutical Ingredients to Favor Growth in Asia Pacific
Asia Pacific is expected to showcase considerable growth throughout the forthcoming years because of the increasing demand for chlorooctane to act as a pharmaceutical ingredient. China is likely to be the major growth contributor. On the other hand, Europe would exhibit steady growth backed by the usage of chlorooctane as a surface-active agent. In North America, the high demand from stabilizer application is set to propel growth.
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Key Players Focus on Collaboration & Acquisition Strategies to Gain Competitive Edge
Reputed firms operating in the global market are adopting various strategies, such as collaborations, acquisitions, new product launches, and contracts to gain a competitive edge. These organic and inorganic strategies would help them to provide effective client satisfaction and high-performance goods.
List of the renowned chlorooctane manufacturers present in the global market:
CABB Group GmbH
MOLBASE, TCI (Shanghai) Development Co. Ltd.
NINGBO INNO PHARMCHEM CO. LTD.
Neogen Chemical Limited
Jinan Finer Chemical Co. Ltd.
Orchid Chemicals & Pharmaceuticals Ltd.
Hangzhou Dayangchem Co., Ltd.
Other key market players
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