Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034
Heightening concerns related to water treatment are likely to further fuel its growth engine in
the near term. According to the latest report by FMI, the global thionyl chloride market is
expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to
experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl
chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes &
pigments, and organic synthesis. The rising adoption of pesticides in developing countries
and developments in the pharmaceutical industry are expected to drive the growth of the
thionyl chloride market over the forecast period.
However, a majority of end users of thionyl chloride are facing a massive slowdown due to
the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand
gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China –
the epicenter of the pandemic – is characterized by a strong foothold of thionyl chloride
manufacturers. The government has enacted large-scale lockdowns, resulting in short-term
manufacturing and logistics paralysis.
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“Thionyl chloride plays a vital role in manufacturing pharmaceuticals products. The
compound is an industrially-produced liquid used to make acyl chlorides and synthesize
pharmaceuticals, including drugs and vitamins. Growth of the pharmaceutical industry has a
significant impact on the thionyl chloride market.”
Key Takeaways of Thionyl Chloride Market Study

Consumption of thionyl chloride would remain prominent in manufacturing
pharmaceuticals. Thionyl chloride is used in the production of a wide range of
pharmaceutical products, including isocarbophos, indomethacin, vitamin A,
sumicidin, propargite, and tetramisole hydrochloride. Further, manufacturers are
targeting the agrochemical industry for relevant returns.

Europe holds a prominent share in the global thionyl chloride market; East Asia
would reflect worthwhile prospects, owing to the presence of key agrarian countries
and subsequent advancements in the pharmaceutical industry.

Thionyl chloride is also used in the production of lithium thionyl chloride batteries.
The adoption of lithium thionyl batteries is increasing, given its benefits such as high
voltage, high safety, wide temperature range, low currents, passivation of battery, and
its bobbin-like structure.
Market Landscape: Fairly Consolidated
The global thionyl chloride market is fairly consolidated, owing to a limited number of
players operating in the market. The top nine players account for around half of the total
market revenue.
The list of Key Players Covered in the Thionyl Chloride Market are:

Lanxess AG

Transpek Industries Ltd.

CABB Group

Sigma Aldrich Co. LLC

Shandong Kaisheng New Materials Co. Ltd.

Angene International Limited

Aurora Fine Chemicals LLC

Jiangxi Selon Industrial Co. Ltd.

Merck KGaA

Hangzhou Trylead Chemical Technology

Bodal Chemicals Limited
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
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from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
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