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Market Overview of Global Chlorosulfonic Acid (Cas 7790-94-5) market:
According to our latest research, the global Chlorosulfonic Acid (Cas 7790-94-5) market looks promising in the next 5 years. As of 2022, the global Chlorosulfonic Acid (Cas 7790-94-5) market was estimated at USD 544.87 million, and it's anticipated to reach USD 679.6 million in 2028, with a CAGR of 3.75% during the forecast years.
Chlorosulfuric acid is an inorganic compound with the molecular formula HSO3Cl. It is also called sulfurochloridic acid. The melting point of chlorosulfonic acid is -80°C and the boiling point is 151°C. It is soluble in chlorinated solvents. It is a distillable colorless or light-yellow liquid with hygroscopicity and strong tearing effect. It is corrosive and will react with water, releasing heat and a large amount of dense white smoke. Mainly used for the sulfonation of organic compounds to prepare drugs, dyes, pesticides, detergents, etc.
Assessment of the Overall Impact of COVID-19 on the Industry
The impact of COVID-19 on the global economy. More than three million lives have been lost to COVID-19 since the start of 2021 and the toll continues to rise. Many more have suffered a serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. Compared with the IMF report released in June, the global economic contraction in 2020 will not be as severe as previously predicted. This revision reflects a better-than-expected economic recovery in the second quarter. Global growth is projected at 5.2 percent in 2021, a little lower than in the June 2020 WEO Update, reflecting the more moderate downturn projected for 2020 and consistent with expectations of persistent social distancing. This is the worst global recession in decades, despite the huge efforts of governments with the support of fiscal and monetary policies to deal with the economic downturn. But from a long-term perspective, it is expected that the severe recession caused by the pandemic will cause a prolonged economic depression by reducing investment. Should COVID-19 outbreaks persist, should restrictions on movement be extended or reintroduced, or should disruptions to economic activity be prolonged, the recession could be deeper. Businesses might find it hard to service debt, heightened risk aversion could lead to climbing borrowing costs, and bankruptcies and defaults could result in financial crises in many countries. Under such unfavorable circumstances, there will still be a possibility of a global decline in 2021.
The COVID-19 pandemic has brought challenges to the normal operation of the Chlorosulfonic Acid (Cas 7790-94-5) supply chain. In the current market economy, the upstream and downstream industrial chains have never been so closely linked. The COVID-19 pandemic has caused a large number of factories to stop production, isolate employees, and obstruct transportation. This will affect the raw material transportation of Chlorosulfonic Acid (Cas 7790-94-5) manufacturers. If the supply of raw materials is blocked, the normal production of Chlorosulfonic Acid (Cas 7790-94-5) will also be affected. At the same time, products will also be affected by transportation, making sales more difficult. Therefore, dealing with the impact of COVID-19 on the supply chain will become one of the main issues that Chlorosulfonic Acid (Cas 7790-94-5) producers need to deal with.
The COVID-19 pandemic has brought opportunities to the Chlorosulfonic Acid (Cas 7790-94-5) industry. Especially the pharmaceutical industry. The outbreak of COVID-19 has caused residents to pay more attention to health and to medical products, which has led to an increase in the demand for medicines.
In general, the impact of COVID-19 on the Chlorosulfonic Acid industry is both positive and negative. Enterprises should seize the opportunity to increase capital investment in R&D and technological innovation to achieve sustainable development.
Technological Factors
At present, the industrial synthesis of Chlorosulfonic Acid (Cas 7790-94-5) is produced by the reaction of hydrogen chloride and sulfur trioxide in sulfuric acid solution. Advances in technology promote the improvement of the production process of Chlorosulfonic Acid (Cas 7790-94-5). For example, in the early or even in recent years, factories with insufficient process technology needed to directly introduce high-concentration hydrogen chloride nearby. The improvement of technology enabled manufacturers to start producing chlorosulfonic acid with low-concentration hydrogen chloride. From the perspective of technical factors, the overall development of the Chlorosulfonic Acid (Cas 7790-94-5) industry is beneficial. Improvements in technology have made production safer, lowered costs, and increased production speed and productivity. Early industrial production relied on labor to a large extent, but with the advancement of technology, mechanization, and the application of automation, chemical production will also become more convenient. It is expected that in the future, the combination of artificial intelligence and robotic arms will further promote the development of the Chlorosulfonic Acid (Cas 7790-94-5) industry. In addition, the development of information technology and communication technology has also promoted the development of the Chlorosulfonic Acid (Cas 7790-94-5) industry. In particular, the continuous development of online sales has simplified the transaction process and further promoted the development of the Chlorosulfonic Acid (Cas 7790-94-5) industry.
Environmental Factors
Regarding environmental factors, the production process of Chlorosulfonic Acid (Cas 7790-94-5) requires special attention. The production of chemical plants is always unavoidable to produce waste water, waste gas and solid waste. This requires manufacturers to deal with waste generated during the production process in accordance with regulations and requirements. Chlorosulfonic Acid is corrosive and is harmful to the environment. In addition, chlorosulfonic acid is harmful to the human body, and its vapor has obvious irritation to mucous membranes and respiratory tract. The clinical manifestations include shortness of breath, cough, chest pain and so on. Inhalation of high concentrations of Chlorosulfonic Acid can cause chemical pneumonia and even pulmonary edema. Skin contact with Chlorosulfonic Acid liquid can cause severe burns. Therefore, manufacturers need to pay attention to the process of production, transportation and storage of chlorosulfonic acid to avoid harm to personnel and the environment.
Region Overview:
From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
Two Lions (Zhangjiagang) Fine Chemicals is one of the major players operating in the Chlorosulfonic Acid (Cas 7790-94-5) market, holding a share of 6.22% in 2023.
Two Lions (Zhangjiagang) Fine Chemicals
Two Lions (Zhangjiagang) Fine Chemicals is a large chemical company. It was invested by both Suzhou Fine Chemicals Co., Ltd. and Flying Glory Enterprises (Canada) Ltd. Mainly engaged in the development and production of sulfuric acid, organic chlorine series chemical products (caustic soda, hydrochloric acid, liquid chlorine, sodium hypochlorite, chlorosulfonic acid, hydrogen, sodium sulfite), combined thermoelectric products, sales of self-produced products and after-sales service.
Juhua Group
Zhejiang Juhua Co., Ltd (Juhua Group) is China's largest fluorochemicals manufacturing base supported by its chloro-alkali industry. The integrated industrial chains of fluorine refrigerants, organofluorine monomers, and fluoropolymers have been facilitated thanks to the various raw materials including liquid chlorine, trichloromethane, trichloroethylene, tetrachloroethylene, and AHF.
Segmentation Overview:
By type, Chlorosulfonic Acid 97.0% segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Dyes segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Chlorosulfonic Acid (Cas 7790-94-5) market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Chlorosulfonic Acid (Cas 7790-94-5) Market Report:
Market Size Estimates: Chlorosulfonic Acid (Cas 7790-94-5) market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Chlorosulfonic Acid (Cas 7790-94-5) market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Chlorosulfonic Acid (Cas 7790-94-5) market
Segment Market Analysis: Chlorosulfonic Acid (Cas 7790-94-5) market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Chlorosulfonic Acid (Cas 7790-94-5) market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Chlorosulfonic Acid (Cas 7790-94-5) Market: Revenue and sales volume of major countries in each region
Chlorosulfonic Acid (Cas 7790-94-5) Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Chlorosulfonic Acid (Cas 7790-94-5) market in major regions.
Chlorosulfonic Acid (Cas 7790-94-5) Industry Value Chain: Chlorosulfonic Acid (Cas 7790-94-5) market raw materials & suppliers, manufacturing process, distributors, downstream customers
Chlorosulfonic Acid (Cas 7790-94-5) Industry News, Policies & Regulations
Key players in the global Chlorosulfonic Acid (Cas 7790-94-5) market are covered in Chapter 12:
Dharamsi Morarji Chemical Co. Ltd
BASF SE
Juhua Group
Zhejiang Jiahua Energy Chemical
Zhejiang Jihua Group
Grasim Industries Limited
Bige Holding Ltd
Shijiazhuang Hehe Chemical Fertilizer
Veolia North America
Shandong Huayang Science and Technology
Zhejiang Longsheng Group
Two Lions (Zhangjiagang) Fine Chemicals
In Chapter 2 and Chapter 15.1, based on types, the Chlorosulfonic Acid (Cas 7790-94-5) market from 2018 to 2028 is primarily split into:
Chlorosulfonic Acid 95.0%
Chlorosulfonic Acid 97.0%
Chlorosulfonic Acid 98.0%
In Chapter 3 and Chapter 15.2, based on applications, the Chlorosulfonic Acid (Cas 7790-94-5) market from 2018 to 2028 covers:
Pharmaceuticals
Dyes
Cosmetics
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Chlorosulfonic Acid (Cas 7790-94-5) market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028