Global P-Toluenesulfonyl Chloride Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global P-Toluenesulfonyl Chloride Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

P-toluenesulfonyl chloride is also known as 4-methyl-benzenesulfonyl chloride, 4-toluenesulfonyl chloride, the chemical formula is C7H7SO2Cl, it is a white crystalline powder, melting point is 69-71 °C, insoluble in water, soluble in ethanol, ether, benzene. Contact may irritate the skin, eyes and mucous membranes. P-Toluenesulfonyl Chloride is an important intermediate dye in organic synthesis and raw materials for pesticides.

Market Overview:

The latest research study on the global P-Toluenesulfonyl Chloride market finds that the global P-Toluenesulfonyl Chloride market reached a value of USD 225.87 million in 2022. It’s expected that the market will achieve USD 333.41 million by 2028, exhibiting a CAGR of 6.71% during the forecast period.

Increased demand from the dye industry

With the continuous development of productivity and the improvement of per capita disposable income, people's expenditure on clothing continues to increase. The output of high-end fabrics such as cotton, silk, and wool is limited, while nylon, as a synthetic fiber, has a large room for increase in output and has obvious advantages in excellent performance, and is widely used in high-end clothing fabrics. Consumption upgrade will further stimulate the demand for nylon textiles. However, nylon is the fabric with the largest amount of acid dyes, and the market demand for acid dyes will benefit from the development of nylon. With the increasingly severe safety and environmental protection situation in developed countries, the dye industry is facing pressures such as fluctuations in upstream raw material supply, replacement of dye production equipment, and increased investment in environmental protection and technological transformation. At the same time, due to the increase in domestic raw material and labor costs, the dye industry has gradually shifted to Southeast Asia and India. As an acid dye intermediate, the demand for p-toluenesulfonyl chloride has further increased.

Prosperity in the Pharmaceutical Industry

Pharmaceutical intermediates are one of the most important types of fine chemical products. Pharmaceutical production requires a large amount of special chemicals. Most of these chemicals were originally produced by pharmaceutical companies. However, with the deepening of social division of labor and the advancement of production technology, the cost of new drug research and development has increased, the number of new patented drugs has decreased, and competition from generic drugs has increased. With the increasing intensity, the re-division of labor and outsourcing production in the industrial chain have become the general trend. Therefore, pharmaceutical companies have transferred some pharmaceutical intermediates to chemical companies for production. p-toluenesulfonyl chloride can be used to produce various pharmaceutical intermediates such as metsulfuron-methyl. The COVID-19 pandemic has heightened public attention on pharmaceutical companies, with Statista estimating total global pharmaceutical revenues will reach $1.42 trillion in 2021. The pharmaceutical industry is facing unprecedented growth rates owing to the use of new technologies such as cell and gene therapy and mRNA vaccine technologies. The government has increased investment in the medical system and encouraged policies to promote the development and marketing of new drugs. For example, the U.S. Department of Health and Human Services will invest $40 million to expand the role of biomanufacturing in active pharmaceutical ingredients (APIs), antibiotics, and key starting materials needed to produce essential medicines and respond to pandemics. Overall, the overall situation in the pharmaceutical industry is good. The steady increase in the growth rate of the pharmaceutical industry provides a strong guarantee for the development of p-toluenesulfonyl chloride as an upstream raw material in the pharmaceutical industry.

Harm to human body and environmental pollution

Sulfur trioxide, sulfuric acid, toluene, chlorine gas and the products used in the production of p-toluenesulfonyl chloride will cause health hazards if they come into contact with the human body. At the same time, the generated waste gas, waste liquid and waste residue pollute the environment. At present, many countries require enterprises to conduct environmental impact assessment before investing in construction projects, and to build corresponding environmental protection facilities in accordance with relevant national regulations. The waste generated in the production process needs to be treated accordingly to meet the national environmental protection requirements, which increases the production cost of the enterprise. At the same time, relevant administrative departments have strict requirements on the construction, operation and operation of projects involving hazardous chemicals, as well as the qualifications of safety technicians and the protection of production personnel. Therefore, the continuous improvement of safety production requirements and the increase of environmental protection costs have become the bottleneck restricting the development of p-toluenesulfonyl chloride industry.

Region Overview:

In 2021, the share of the P-Toluenesulfonyl Chloride market in China stood at 38.03%.

Company Overview:

Zhejiang Jiahua Energy Chemical, Nantong Volant-chem corp., Shouguang Nuomeng Chemical were the top 3 players in the P-Toluenesulfonyl Chloride market in 2022, taking up a market share of 50.11% together.

Segmentation Overview:

By type, Purity above 99.0% segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Dyes segment occupied the biggest share from 2017 to 2022.

Key Companies in the global P-Toluenesulfonyl Chloride market covered in Chapter 3:

Jiangsu New Xinlong Medicine
Sai Chemicals & Intermediates
Wujiang Bolin Industry
Shouguang Nuomeng Chemical
Heze Mudan District Sanheyuan Chemical
Jiaxing Xiangyang Chemical Factory
Nantong Volant-chem corp.
Zhejiang Jiahua Energy Chemical
Jiaxing Jinli Chemical
Shree Vardayini Chemical
STRATECHEM (I) PVT. LTD.
Sheetal Chemicals
Jiaxing Anrui Material Technology

In Chapter 4 and Chapter 14.2, on the basis of types, the P-Toluenesulfonyl Chloride market from 2018 to 2029 is primarily split into:

Purity above 99.0%
Purity low 99.0%

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the P-Toluenesulfonyl Chloride market from 2018 to 2029 covers:

Dyes
Pharmaceutical

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)