The market size of 4-Chlorotoluene is estimated to grow at a CAGR of around 4% during the forecast period. The increasing demand from end-use industries such as agrochemicals, pharmaceuticals, and polymer production is driving the growth of the global market for 4-Chlorotoluene.
The pharmaceutical industry is a major consumer of 4-Chlorotoluene. It is used in the synthesis of various drugs such as antihistamines, sedatives, analgesics, and muscle relaxants. The growth of the pharmaceutical industry in emerging economies is likely to fuel the demand for 4-Chlorotoluene.
Similarly, the agrochemical industry is another major consumer of 4-Chlorotoluene. It is used in the manufacture of herbicides, fungicides, and insecticides. The increasing demand for food and the need for higher crop yields are driving the growth of the agrochemical industry. This, in turn, is expected to boost the demand for 4-Chlorotoluene.
The polymer industry is also a significant consumer of 4-Chlorotoluene. It is used in the production of polystyrene, a widely used polymer for various applications such as packaging, construction, and automotive. The demand for polystyrene is expected to increase in the forecast period, which will drive the growth of the 4-Chlorotoluene market.
North America and Europe are the major consumers of 4-Chlorotoluene, owing to the presence of a well-established pharmaceutical and agrochemical industry in these regions. However, the Asia Pacific is expected to witness significant growth in the forecast period. The increasing demand for drugs and agrochemicals in emerging economies such as China, India, and Japan is expected to drive the growth of the market in this region.
Key players in the global 4-Chlorotoluene market include (need remove brand name), amongst others.
In conclusion, the global 4-Chlorotoluene market is expected to witness significant growth in the forecast period of 2018-2023, driven by the increasing demand from end-use industries such as pharmaceuticals, agrochemicals, and polymer production. The Asia Pacific region is expected to witness the highest growth in the forecast period. Key players operating in the market are (need remove brand name), amongst others.
Keywords: 4-Chlorotoluene, CAS 106-43-4, agrochemicals, pharmaceuticals, polymers, global market, growth, CAGR, North America, Europe, Asia Pacific, key players, (need remove brand name), 46-Dibromopyrimidine, CAS 36847-10-6.