Ningbo Jinlai Chemical Co., Ltd., a leading chemical manufacturing company in China, has recently announced the growth of the global Methallyl Chloride (CAS 563-47-3/'>563-47-3) market. In a press release published on openPR.com, the company revealed that the market is expected to experience huge growth opportunities between 2020-2025.
Methallyl Chloride (MAC) is a major chemical intermediate that is used in the production of various products, including agrochemicals, pharmaceuticals, oilfield chemicals, and more. As the demand for these products continues to grow, the market for Methallyl Chloride has also been on the rise.
Ningbo Jinlai Chemical Co., Ltd. is one of the key players in this market, offering 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.
According to the press release, the global Methallyl Chloride market is expected to grow at a CAGR of 4.2% during the forecast period of 2020-2025. This growth is attributed to various factors such as the increasing demand for agrochemicals, the growing pharmaceutical industry, and the rise in oil and gas exploration activities.
One of the major drivers of the Methallyl Chloride market is the rise in demand for agrochemicals. As the global population continues to grow, there is an increasing need for food production. Agrochemicals such as herbicides, insecticides, and fungicides are used to protect crops from pests and diseases. Methallyl Chloride is an important intermediate in the production of these agrochemicals, which is driving the demand for the compound.
The pharmaceutical industry is another key factor contributing to the growth of the Methallyl Chloride market. Methallyl Chloride is used in the production of various drugs, including antihypertensives, antiarrhythmics, and antithrombotics. As the demand for these drugs continues to grow, the demand for Methallyl Chloride is also rising.
The rise in oil and gas exploration activities is also driving the growth of the Methallyl Chloride market. Methallyl Chloride is used in the production of oilfield chemicals such as demulsifiers, corrosion inhibitors, and surfactants. As the oil and gas industry continues to grow, the demand for these chemicals is also on the rise.
Businesses operating in the Methallyl Chloride market are expected to benefit from this growth. As the demand for Methallyl Chloride rises, companies involved in the production and supply of the compound are expected to experience an increase in revenue and profits.
Ningbo Jinlai Chemical Co., Ltd. is well-positioned to take advantage of this growth. With its state-of-the-art manufacturing facility and commitment to quality, the company has established itself as a leading player in the Methallyl Chloride market. The company's wide range of products and strong customer base also put it in a good position to benefit from the expected growth of the market.
In conclusion, the Methallyl Chloride market is expected to experience significant growth in the coming years, driven by factors such as the increasing demand for agrochemicals, the growing pharmaceutical industry, and the rise in oil and gas exploration activities. Businesses operating in this market are expected to benefit from this growth, and Ningbo Jinlai Chemical Co., Ltd. is well-positioned to capitalize on the opportunities presented by this growing market.