Increasing Demand for Pesticides and Fertilizers to Augment the Chloroacetyl Chloride Market Growth
Chloroacetyl chloride is an organic compound derived from the chlorination process of acetyl chloride with strong aliphatic acids. It is widely used as an intermediate in the production of various pesticides such as butachlor, alachlor, acetochlor, and metolachlor; around 100 million pounds annually. It is also used to produce phenacyl chloride and also used as tear gas. Moreover, chloroacetyl chloride is used in the preparation of various pharmaceutical formulations. It is also used as an intermediate in several important chemical products. Market Dynamics: Increasing food demand due to the increasing population worldwide, as well as increasing demand for pesticides and fertilizers in farming to increase crop production and meet the rising demand for food, is expected to propel the growth of the chloroacetyl chloride market . For instance, according to the Food and Agriculture Organization of the United Nations, overall food production needs to increase by 70% from 2005/07 to 2050...