The domestic market size of sulfoxide chloride is gradually expanding and developing
2023/9/14
Market size of sulfoxide chloride
Sulfoxide chloride is an inorganic compound with the chemical formula SOCl ₂, which is miscible with organic solvents such as benzene, chloroform, and carbon tetrachloride. Hydrolyze in water and decompose upon heating. Mainly used in the production of acyl chlorides, as well as in the production of pesticides, pharmaceuticals, dyes, etc. At present, the global market size of chlorinated Acer is relatively limited, but with the development of the pharmaceutical industry, the market demand for chlorinated Acer is gradually increasing. According to market analysis of the sulfoxide chloride industry, the current global market size of sulfoxide chloride is approximately 230 million US dollars, and it is expected to grow to around 280 million US dollars by 2024.
In industries such as plastics and synthetic fibers, with the pharmaceutical industry as the main source, chlorinated sulfides are widely used in pharmaceuticals, dyes, and applications, accounting for a considerable proportion of the chlorinated sulfides market. In the pharmaceutical industry, chlorinated sulfides are mainly used to manufacture drugs such as aspirin, chlorpheniramine, and penicillin. In addition, chlorinated sulfides can also be used to manufacture high-temperature synthetic fibers, synthetic rubber, etc.
The current production capacity of sulfoxide chloride in China is about 510000 tons. As a high-performance chlorinating agent, sulfoxide chloride is mainly used in traditional fields such as pesticides, pharmaceuticals, and dyes. The demand in 2021 is about 280000 tons. Based on the new LiFSI synthesis process - each ton of LiFSI consumes 1.4 tons of sulfoxide chloride per ton. Market analysis of the sulfoxide chloride industry predicts that the demand for sulfoxide chloride will reach 530000 tons by 2025, and there may be a tight supply and demand situation for sulfoxide chloride in the future.
Market prospects of sulfoxide chloride
Pharmaceutical industry demand: Sulfoxide chloride is used as an important raw material for synthesizing drugs and intermediates in the pharmaceutical industry. As people's demand for health care and treatment increases, the development of the pharmaceutical industry will directly drive the growth of the sulfoxide chloride market.
Pesticide and plant protection market: Market analysis of the sulfoxide chloride industry shows that sulfoxide chloride is also widely used in pesticides and plant protection products. The development of agriculture and the increasing demand for agricultural product yield and quality will bring growth opportunities to the sulfoxide chloride market.
Industrial applications: The application of sulfoxide chloride in industries such as dyes, coatings, rubber, and plastics requires a stable supply. The growth of these industries will have a positive impact on the sulfoxide chloride market.
New technologies and innovative applications: With technological progress and innovation, the application field of sulfoxide chloride may continue to expand. For example, the development of new materials, functional products, etc. may require sulfoxide chloride as an important raw material.
Overall, the development of the sulfoxide chloride market is also influenced by various factors, including policy environment, technological progress, competitive situation, etc. With the growth of market demand in fields such as the pharmaceutical industry, the market prospects for sulfoxide chloride are broad.
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