Global Beta-Methallyl Chloride (3-Chloro-2-Methyl-1-Propene, CAS 563-47-3) Market Outlook 2018-2023
The global beta-methallyl chloride market is poised for growth in the coming years. The rise in demand for beta-methallyl chloride is due to its wide range of applications in numerous industries. The market for beta-methallyl chloride is projected to grow at a CAGR of 2.6% from 2018 to 2023. During this period, the market is expected to reach a value of $114.9 million.
Beta-methallyl chloride (3-chloro-2-methyl-1-propene) is an important chemical used in the synthesis of various chemicals, including pharmaceutical drugs, agrochemicals, and polymers. Ningbo Jinlai Chemical Co., Ltd. is one of the leading producers of beta-methallyl chloride in the global market. The company produces a series of quality products, including 50,000 t/a of 3-Chloro-2-methylpropene (MAC), 28,000 t/a of 2-Methyl-2-propen-1-ol (MAOH), 8,000 t/a of Sodium Methallyl Sulfonate (SMAS), 5,000 t/a of Acrylic Fiber Oils, and 2,000 t/a of Polyimide Fiber Oils, etc.
The growing demand for beta-methallyl chloride is driven by the increasing demand for pharmaceutical drugs and agrochemicals. Beta-methallyl chloride is used in the synthesis of numerous drugs, including fosfomycin, a broad-spectrum antibiotic used to treat bacterial infections, and lercanidipine, a calcium channel blocker used to treat hypertension. The growing demand for these drugs is propelling the growth of the beta-methallyl chloride market.
In addition, the agriculture industry is another major consumer of beta-methallyl chloride. It is used in the production of agrochemicals, including herbicides, pesticides, and fungicides. The increasing demand for food due to the growing global population is driving the demand for agrochemicals, which is, in turn, driving the growth of the beta-methallyl chloride market.
The market for beta-methallyl chloride is segmented on the basis of geography into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Asia-Pacific is expected to dominate the market during the forecast period, followed by North America and Europe. The growth of the market in Asia-Pacific is attributed to the increasing demand for beta-methallyl chloride in China and India. These countries are experiencing significant growth in their pharmaceutical industries, which is driving the demand for beta-methallyl chloride.
In conclusion, the global beta-methallyl chloride market is set for growth in the coming years. Ningbo Jinlai Chemical Co., Ltd. is a major producer of this chemical, and its quality products are widely used in multiple industries. As the demand for pharmaceutical drugs and agrochemicals continues to rise, the market for beta-methallyl chloride will continue to grow.