Thionyl Chloride Market Size was valued at USD 0.6 Billion in 2022. The Thionyl chloride industry is projected to grow from USD 0.7 Billion in 2023 to USD 1.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2023 - 2032). Variable raw material costs, health issues, and the growth rates of the lithium thionyl chloride battery market are the key market drivers boosting the expansion of the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Market CAGR for Thionyl chloride is being driven by the health issues, fluctuating raw material prices. The chemical formula for the inorganic compound Thionyl chloride is SOCl2. It has a horrible acid smell and is a colorless, somewhat flammable liquid. Although it is occasionally used as a solvent, Thionyl chloride is mostly employed as a chlorinating reagent. It is listed as a material that could be used to create chemical weapons under the Chemical Weapons Convention, is hazardous, and reacts with water. Although sulfuryl chloride, or SO2Cl2, and Thionyl chloride are sometimes mistaken, they have quite different properties.
Additionally, the primary determinants of the total expenses of Thionyl chloride products are the cost and accessibility of raw materials. Some of the fundamental components required to produce Thionyl chloride are ethane, acetylene, and carbon dioxide. The majority of these essential commodities is derived from crude oil and is therefore vulnerable to fluctuations in commodity prices.High manufacturing costs that result in increased energy expenses and high transportation costs brought on by rising fuel prices also have an effect on the market. Producers have made sure that price rises are spread unevenly, with end customers carrying the lion's share of the cost, in reaction to rising manufacturing costs. The National Toxicology Program (NTP) of the US Department of Health and Human Services has designated Thionyl chloride as a known human carcinogen.
The growing use of Thionyl chloride in the developing world's agricultural and pharmaceutical sectors is anticipated to fuel the market's moderate growth during the projected timeframe. Furthermore, the market is anticipated to rise as Thionyl chloride is used more often in battery production. It is also expected that Thionyl chloride's preference over other reagents will support the industry going forward. The sulfur trioxide pathway is preferred for the production of Thionyl chloride, and this trend is expected to persist during the prediction period.
For instance, the World Health Organization (WHO) estimates Sulfur output reached 69 million tons (Mt) globally in 2011, with over 15 countries contributing more than 1 Mt apiece. China (9.6), the United States (8.8), Canada and Russia are the countries that produce more than 5 Mt.[81] While production increased gradually between 1900 and 2010, prices were erratic in the 1980s and about 2010., demand for Thionyl chloride supplements will increase due to the Health issues, fluctuating raw material prices. Thus, result in driving the Thionyl chloride market revenue.
February 2023: Reports suggested that between 2023 and 2028, the (CAGR) for the Thionyl Chloride market was likely to be 6.5% on average. The growth is mainly due to the increased use of lithium batteries and the increased use of pharmaceuticals, thereby provoking market players to step up their R&D activities for new applications.
March 2020: The Thionyl Chloride market took a drastic turn as several manufacturers revealed their intentions to increase production capacities prompted by the soaring demand from the pharmaceutical and agrochemical sectors. Leading companies such as Olin Corporation and TCI Chemicals reported facility expansion to address growing global needs.
The Thionyl chloride market segmentation, based on Grade includes Technical Grade, Pharmaceutical Grade. The technical grade segment dominated the market. This is because grade is mostly used in industrial settings, like the production of different chemicals, insecticides, and herbicides. Technical-grade trichloroethylene may contain contaminants that render it inappropriate for use in sensitive applications, like medicine.
The Thionyl chloride market segmentation, based on Application, includes Agrochemicals, Pharmaceuticals, Dyes & Pigments, Organic Synthesis, Batteries, Others. The batteries segment generated the most income. Because lithium-Thionyl chloride batteries, which are renowned for having a high energy density and a long shelf life and are appropriate for use in things like industrial instrumentation, medical devices, and military hardware, are made using Thionyl chloride.
The Thionyl chloride market segmentation, based on Production Process, includes Sulfur trioxide Route, Sulfur dioxide Route, and Other Routes. The sulfur trioxide route segment generated the most income. Due to the fact that sulfur dioxide (SO2) can be directly chlorinated using chlorine gas (Cl2) and then oxidized, or sulfur trioxide (SO3) can be generated by reaction with sulfur dichloride (SCl2). Sulfur trioxide is used in this method as a crucial raw ingredient for the synthesis process.
Figure1: Thionyl chloride Market, by Production Process,2022&2032(USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Thionyl chloride market area will dominate this market, owing to an the demand for thionyl chloride may rise sharply in response to the pharmaceutical industry's expansion in North America, which is being fueled by R&D expenditures, new drug approvals will boost market growth in this region.
Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.
Figure2: THIONYL CHLORIDEMARKET SHARE BY REGION 2022 (USD Billion) 
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe Thionyl chloride market has the second-largest portion of the market due to the demand for thionyl chloride is driven by the availability and cost of thionyl chloride can be impacted by a number of supply chain variables, such as the accessibility of raw materials. Further, the German Thionyl chloride market had the biggest market share, and the UK Thionyl chloride market was the fastest growing market in the European region
The Asia-Pacific Thionyl chloride Market is anticipated to expand between 2023 and 2032 at the quickest CAGR. This is due to the need for thionyl chloride for drug synthesis is fueled by the expansion of the pharmaceutical sector. Moreover, China’s Thionyl chloride market had the biggest market share, and the Indian Thionyl chloride market was the fastest growing market in the Asia-Pacific region.
Leading market players are putting a lot of money on R&D to expand their product lines, which will help the market for weight reduction products grow. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. to grow and endure in an increasingly cutthroat and dynamic market, Thionyl chloride industry must provide reasonably priced goods.
Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the Thionyl chloride industry to help customers and expand the market segment. In recent years, the Thionyl chloride industry has provided some of the biggest benefits to medicine. Major players in the Thionyl chloride market, including Lanxess AG, Transpek Industries Ltd., CABB Group, Sigma Aldrich Co. LLC, Shandong Kaisheng New Materials Co. Ltd., Angene International Limited, Aurora Fine Chemicals LLC., and others, are attempting to increase market demand by investing in research and development operations.
Founded in 2004, Lanxess AG is Cologne, Germany-based specialty chemicals firm that was created by the spin-off of portions of Bayer AG's polymers business and chemicals division. The company was established in 1863, the same year as Bayer AG was established. The Bayer Group chose to spin off a significant portion of its chemical operations and about a third of its polymer operations into a separate entity in November 2003 as part of a significant reorganization. In July 2022, Brazilian biocide producer Itibanyl Produtos Especiais Ltda. (IPEL) was purchased by Lanxess. After paying US$1.3 billion, Lanxess successfully acquired the microbiological control section of International Flavors & Fragrances..
Angene International Limited is a company that supplies chemical goods to clients all over the world. Their product line consists of specialty chemicals, reagents, catalysts, and organic building blocks that are utilized in R&D and industrial operations. In order to guarantee that products fulfill client requirements and industry standards, the company probably places a strong emphasis on quality control and assurance throughout its manufacturing operations. In January 2022, Angene International said that it would be expanding the range of products it offers to meet the needs of niche markets and developing industries. These products would include novel chemical compounds. The company may have concentrated on using its knowledge and product offerings to gain a larger market share.
Transpek Industries Ltd.
CABB Group
Sigma Aldrich Co. LLC
Shandong Kaisheng New Materials Co. Ltd.
Aurora Fine Chemicals LLC
Jiangxi Selon Industrial Co. Ltd.
Merck KGaA
Hangzhou Trylead Chemical Technology
Bodal Chemicals Limied
April 2019: Merck addressed its plans to acquire Versum Materials in the United States. The transaction, which was indicated to have an equity value of about US$5.8 billion, was completed in October 2019. Furthermore, that year Merck announced that it bought detected California-based advanced materials firm Intermolecular Inc.
January 2021: It was announced that MilliporeSigma would acquire AmpTec with the aim of extending the capacities of the company on mRNA vaccination as well as the existing therapeutic and diagnostics services. In March, Its Electronics division replaced the Advanced Materials division.
February 2022: Like most of the chemical industry businesses, Aurora Fine Chemicals has likely initiated sustainability programs in order to reduce its environmental footprint, enhance resource efficiencies, and embed a culture of sustainable practices throughout its operations.
August 2021: Solvay and SABIC made public their formation of a joint venture to develop a more environmentally friendly production method for Thionyl Chloride. The collaborative aims at improving the efficiency of the use of resources and minimizing pollution in response to changing trends in the industry.
November 2022: The year saw an influx of investment activity in the market as BASF commenced operations at its new energy storage production line in Ludwigshafen in response to growing demand from the energy storage industry. The firm stressed that it is ready to assist progress in this field especially in battery technologies based on thionyl chloride.
Technical Grade
Pharmaceutical Grade
Agrochemicals
Pharmaceuticals
Dyes & Pigments
Organic Synthesis
Batteries
Others
Sulfur trioxide Route
Sulfur dioxide Route
Other Routes
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.6 Billion |
| Market Size 2023 | USD 0.7 Billion |
| Market Size 2032 | USD 1.3 Billion |
| Compound Annual Growth Rate (CAGR) | 8.50% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Grade, Application, Production Process, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, German, France, UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil |
| Key Companies Profiled | Lanxess AG, Transpek Industries Ltd., CABB Group, Sigma Aldrich Co. LLC, Shandong Kaisheng New Materials Co. Ltd., Angene International Limited, Aurora Fine Chemicals LLC. |
| Key Market Opportunities | Growing demand from the agrochemical industry |
| Key Market Dynamics | Unstable raw material pricing and health issues. |
Frequently Asked Questions (FAQ) :
The Thionyl chloride market size was valued at USD 0.6 Billion in 2022.
The market is projected to grow at a CAGR of 8.50% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are Lanxess AG, Transpek Industries Ltd., CABB Group, Sigma Aldrich Co. LLC, Shandong Kaisheng New Materials Co. Ltd., Angene International Limited, and Aurora Fine Chemicals LLC.
The technical grade dominated the market in 2022.
The Batteries had the largest share in the market.
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Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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