Global Chlorosulfonic Acid (Cas 7790-94-5) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Chlorosulfonic Acid (Cas 7790-94-5) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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.

Market Overview:

The latest research study on the global Chlorosulfonic Acid (Cas 7790-94-5) market finds that the global Chlorosulfonic Acid (Cas 7790-94-5) market reached a value of USD 544.87 million in 2022. It’s expected that the market will achieve USD 679.6 million by 2028, exhibiting a CAGR of 3.75% during the forecast period.

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.

Key Companies in the global Chlorosulfonic Acid (Cas 7790-94-5) market covered in Chapter 3:

Shijiazhuang Hehe Chemical Fertilizer
Two Lions (Zhangjiagang) Fine Chemicals
Grasim Industries Limited
Dharamsi Morarji Chemical Co. Ltd
BASF SE
Shandong Huayang Science and Technology
Zhejiang Jihua Group
Juhua Group
Zhejiang Jiahua Energy Chemical
Zhejiang Longsheng Group
Veolia North America
Bige Holding Ltd

In Chapter 4 and Chapter 14.2, on the basis of types, the Chlorosulfonic Acid (Cas 7790-94-5) market from 2018 to 2029 is primarily split into:

Chlorosulfonic Acid 95.0%
Chlorosulfonic Acid 97.0%
Chlorosulfonic Acid 98.0%

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Chlorosulfonic Acid (Cas 7790-94-5) market from 2018 to 2029 covers:

Pharmaceuticals
Dyes
Cosmetics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)