Benzyl Chloroformate Market Overview
Benzyl Chloroformate Market is a clear lightly oily liquid used as an intermediate for the synthesis of pharmaceuticals and agrochemicals. Benzyl chloroformate is especially used for some carbamates which are utilized as insecticides, herbicides, fungicides, sprout inhibitors, as well as, biocides. Benzyl chloroformate has many names such as benzyl chlorocarbonate, benzyloxycarbonyl chloride, carbonochloridic acid phenylmethyl ester, carbobenzoxy chloride, and z-chloride. It is represented with a linear formula CICO2CH2C6H5.
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Benzyl chloroformate is also extensively used as reagents in organic chemistry. For instance, benzyl chloroformate is used in the production of carbozybenzyl (Cbz) protecting group. Moreover, they are also witnessing an increased application in the field of chromatography as a multipurpose derivatization agent.
There are many factors leading to the augmentation of the global benzyl chloroformate market during the forecast period. Rapid growth in the agricultural sector and the pharmaceutical sector is contributing to the growth of the benzyl chlorocarbonate market. However, direct contact with raw benzyl chloroformate with the skin or eyes has proven to be extremely irritant. In addition, the carcinogenic effect, coupled with the irritable nature of the solution is likely to hinder the market growth of benzyl chloroformate. In contrast, a rising demand for pesticides, fungicides, and biocides could enable speedy ascension of the market during the forecast period.
Benzyl Chloroformate Market – Key Players
The Global Benzyl Chloroformate Market boasts a presence of many prominent market players including Choice OrganochemLLp (India), Paushak Limited (India), NacalaiTesque (Japan), BASF SE (Germany), Tokyo Chemical Industry Co., Ltd. (Japan), Chemlin Chemical Industry Co., Ltd (China), MERYER CO., LTD (China), Thermo Fisher Scientific Inc. (US), Wako Pure Chemical Industries, Ltd. (Japan), and J&K Scientific Ltd. (China).
Benzyl Chloroformate Market – Segmentation
The Global Benzyl Chloroformate Market is segmented based on application, end-users, and region. Based on application, the benzyl chlorocarbonate market is segmented into fungicides, insecticides, sprout inhibitors, herbicides, and biocides. Based on end-users, the global benzyl chloroformate market is segmented into pharmaceutical, plastic, agricultural, and others industry.
Benzyl Chloroformate Market -Regional Analysis
The Global Benzyl Chloroformate Market has been regionally segmented into Latin America, North America, Europe, Asia Pacific, and the Middle East & Africa. North America is further segmented into the US and Canada. Europe is further sub-segmented into Germany, Italy, France, Spain, and UK. The APAC is further sub-segmented into China, India, Japan, Australia, New Zealand, and Rest of Asia-Pacifics. Whereas, the Middle East & Africa have been studied for the sub-segments of Turkey, North Africa, Isreal, GCC, and Rest of Middle East & Africa. Lastly, Latin America is sub-segmented into Argentina, Brazil, and Rest of Latin America.
Asia Pacific is estimated to garner the largest share in the global benzyl chloroformate market. Asia Pacific is expected to hold 35% of the total benzyl chlorocarbonate market at the end of the forecast period. Such market domination can be attributed to the large consumption of benzyl chloroformate in agrochemical industry in China and India. Further, rapidly rising demand from the agrochemical industry in other countries such as Taiwan, Japan, and South Korea has made Asia Pacific the largest consumer in the global benzyl chloroformate market.
North America is estimated to be driven by pharmaceutical, agricultural, and the plastic industry. Europe is estimated to follow Asia Pacific and North America owing to a significant consumption of benzyl chlorocarbonate in the agriculture and pharmaceutical industry. Likewise, Latin America and the Middle East & Africa are also projected to ascend substantially owing to a wide scope of application in numerous end-use industries.
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