Chlorobutanol Market Overview
The Chlorobutanol Market size is forecast to reach around $2 billion by 2025, after growing at a CAGR of 6% during 2020-2025. Chlorobutanol is a colorless to white crystalline compound with a camphoraceous odor and taste. The stringent government regulations, increasing investment in the healthcare sector, and the growing adoption of Chlorobutanol in the cosmetic industry are driving the market growth. Moreover, the growing uses of Chlorobutanol as a preservative in a number of pharmaceutical formulations are also driving the growth of Chlorobutanol market size over the study period. Besides, Chlorobutanol are also used as bleaching agents due to its excellent oxidation property also contributing to the growth of Chlorobutanol market share worldwide during the forecast period.
The report: “Chlorobutanol Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Chlorobutanol Industry.
By Type: Anhydrous Chlorobutanol and Hemihydrate Chlorobutanol.
By Grade: Medicine Grade, Food Grade, Cosmetic Grade, and Others.
By Packaging Type: Bag, Drum, and Others.
By Application: Medical/Pharmaceutical (Dentistry, Injections, Eye Drops, and Others), Cosmetics and Personal Care, and Others.
- In the North America region, in 2019, the USA and Canada are the major markets for the Chlorobutanol owing to the developed healthcare sector.
- The outbreak of COVID-19 is also hampering the growth of this market globally.
- Growing population and rapid industrialization in both developed and emerging markets also drive the growth of this market.
Type - Segment Analysis
Anhydrous Chlorobutanol held the largest share of more than 30% in 2019 and is projected to witness significant growth in the chlorobutanol market during the forecast period. This growth is attributed to its wide use on a large scale in pharmaceutical and cosmetic industry. Furthermore, surging uses of anhydrous chlorobutanol in formulations of eyes, ears, and nose, dental preparations where the absence of water is desired is also contributing to the growth of this segment over the forecast period, which in turn drives the growth of this market.
Grade - Segment Analysis
Medicine grade held the largest share of more than 35% in 2019. This growth is attributed to the stringent clinical guidelines for the best available evidence and expertise, stringent government regulations, and growing awareness among consumers regarding the standards of medicines. As grades reflect the level of available scientific evidence in support of the efficacy of a given therapy for a specific indication. Furthermore, the surging uses of chlorobutanol as an active ingredient in oral sedatives and topical anesthetics are also contributing to the growth of this segment over the forecast period, which in turn drives the growth of this market.
Packaging Type - Segment Analysis
Bag segment held the largest share of more than 30% in 2019 and is projected to witness the significant growth in the chlorobutanol market during the forecast period. This growth is attributed to its growing shipments of 1-100kg bags by the courier delivered to door to door that is much faster and more convenient. Furthermore, a growing shipment of more than 100kg bags through the air or by sea is also contributing to the growth of this segment over the forecast period, which in turn, drives the growth of this market.
Application - Segment Analysis
The personal care is projected to witness the highest CAGR of 7.5% in the Chlorobutanol market during the forecast period owing to the growing population, changing lifestyle, and developing a middle-class income level. Whereas, the growing inclination towards organic personal care products is one of the promising trends to have emerged in the developed and developing regions that is driving the growth of the personal care industry. Furthermore, growing uses of Chloral hydrate, Menthol, and trichloromethane in personal care products also drive the market growth.
Geography - Segment Analysis
Among the regions, the APAC region is projected to witness the highest CAGR of around 8% in the Chlorobutanol market followed by North America and Europe during the forecast period. This growth is attributed to the rising population, changing lifestyle, growing uses of personal care products, and growing industry across the region. Additionally, the fastest-growing pharmaceutical sector is also contributing to the growth of this market in the APAC region. Moreover, China, Japan, India, Thailand, and Malaysia are the major countries that are driving the growth of the Chlorobutanol market in the APAC region.
Drivers – Chlorobutanol Market
Growing cosmetic and personal care industry
The cosmetics industry in the past few decades has been witnessing a diversion from being recalled as a feminine oriented products base towards a sector serving all the genders hence the entire global population standing out as potential customers. With the inception of male users of cosmetics, the industry is witnessing an unprecedented business. The argument can be well supported by a data sheet by IBEF (India Brand Equity Foundation), stating that men who fall in the age group of 18 to 25, spend more money on grooming and personal care products than women in India. It also states that about 25-30 % of the total salon business comes from men’s treatment. For instance, according to Cosmetic Europe, the personal care and cosmetics industry has witnessed a growth of 1.3% in 2018 as compared to 2017.
Growing usage in Pharmaceutical Industry
Chlorobutanol and its derivatives are considered as an important industrial chemical across various end-user industries including Pharmaceutical Industry. In the pharmaceutical industry, the Chlorobutanol is widely used as a chemical preservative for injectable drugs, eye drops, and mouthwashes. The demand for Chlorobutanol is growing from the pharmaceutical industry due to its antibacterial and antifungal properties. Furthermore, the growing number of health issues worldwide is surging the demand for more drugs. This growing demand propels the uses of Chlorobutanol from the pharmaceutical industry, which in turn drives the growth of this market.
Challenges – Chlorobutanol Marke
Fluctuating raw material prices and high transportation cost
There are various factors responsible for the fluctuation of the raw materials such as geopolitical issues between countries, trade war, inflations, employability, labor cost, and growing population. For instance, in 2019, the trade war between the US and China has a major impact on the manufacturers, suppliers, and distributors of Chlorobutanol along with other products. Furthermore, in 2020, due to the geopolitical issues between the US, Iraq, Iran, and Saudi Arabia, there is a decline in crude oil prices. As most of the Chlorobutanol contains crude oil ingredients, so this fluctuation in crude oil prices globally, act as a challenging factor for the growth of this market during the forecast period. However, Chlorobutanol finds its application in many different sectors, but it is also toxic and hazardous. Hence, it requires a high level of safety. The vehicles used for transportation use specially designed pressurized tank containers that shoot up the logistics cost. This growth in transportations cost is also considered a challenging factor in the growth of this market.
COVID-19 impact on the global market
COVID-19 proved to be a major challenge for the chlorobutanol market. The outbreak of coronavirus has disrupted the global supply chain and transportation. Industries are being shuttered all around the world. The decrease in purchasing capital of people has a direct impact on the cosmetic sector, which in turn lowered the demand for chlorobutanol, further hampered the growth of market.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Chlorobutanol market report. In 2019, the market of Chlorobutanol top 10 companies accounting for xx% of the share. Major players in the Chlorobutanol Industry outlook are Athenstaedt, Bruchem, Inc., JSN Chemicals, Capot Chemical Co. Ltd., Universal Preserve-A-Chem, Inc., Jigs Chemical, Otto Chemie Pvt. Ltd., Laxachem Organics Pvt. Ltd., Spectrum Chemical Mfg. Corp., Toronto Research Chemicals, Penta Manufacturing Company Polydrug Laboratories Pvt. Ltd., Olainfarm Group, Haoyuan Chemexpress, among others.
1. Chlorobutanol Market- Market Overview
1.1 Definitions and Scope
2. Chlorobutanol Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Type
2.3 Key Trends by Grade
2.4 Key Trends by Packaging Type
2.5 Key Trends by Application
2.6 Key Trends by Geography
3. Chlorobutanol Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Chlorobutanol Market- Startup companies Scenario Premium Premium
4.1 Top startup company Analysis by
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Chlorobutanol Market– Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Chlorobutanol Market- Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters Five Force Model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of buyers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Chlorobutanol Market-Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Chlorobutanol Market– By Type (Market Size -$Million)
8.1 Anhydrous Chlorobutanol
8.2 Hemihydrate Chlorobutanol
9. Chlorobutanol Market– By Grade (Market Size -$Million)
9.1 Medicine Grade
9.2 Food Grade
9.3 Cosmetic Grade
10. Chlorobutanol Market– By Packaging Type (Market Size -$Million)
11. Chlorobutanol Market– By Application (Market Size -$Million)
11.1 Cosmetics and Personal Care
11.2.3 Eye Drops
12. Chlorobutanol Market- By Geography (Market Size -$Million)
12.1 North America
12.2 South America
12.2.4 Rest of South America
12.3.8 Rest of Europe
12.4.4 Australia & New Zealand (ANZ)
12.4.5 South Korea
12.4.6 Rest of Asia-Pacific
12.5.1 Middle East
188.8.131.52 Saudi Arabia
184.108.40.206 Rest of Middle East
220.127.116.11 South Africa
18.104.22.168 Rest of South Africa
13. Chlorobutanol Market- Entropy
13.1 New Product Launches
13.2 M&A’s, Collaborations, JVs and Partnerships
14. Market Share Analysis Premium
14.1 Market Share by Country- Top companies
14.2 Market Share by Region- Top companies
14.3 Market Share by Product category- Top companies
14.4 Market Share at global level- Top companies
14.5 Best Practices for companies
15. Chlorobutanol Market- List of Key Companies by Country Premium
16. Chlorobutanol Market- Company Analysis
16.1 Market Share, Company Revenue, Products, M&A, Developments
16.2 Company 1
16.3 Company 2
16.4 Company 3
16.5 Company 4
16.6 Company 5
16.7 Company 6
16.8 Company 7
16.9 Company 8
16.10 Company 9
16.11 Company 10 and more
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