Global Hexachloroethane CAS 67 72 1 Market Overview
Hexachloroethane is a chlorinated alkali chemical compound that exists at room temperature as a colorless, crystalline, toxic, solid chlorinated hydrocarbon with a camphor-like odor. Hexachloroethane is a byproduct of many industrial chlorination processes. Hexachloroethane is a member of the class of chloromethane in which all hydrogens are replaced by the chloro groups. Hexachloroethane is emitting irritating and toxic fumes when it is heated for decomposition. Practically, it is insoluble in water, and soluble in ethanol, diethyl ether, and benzene among other chemical compounds. Hexachloroethane is stable under the normal or room temperature and pressure thereby, it is considered as inflammable. Hexachloroethane is widely used for the production of tablets or pallets, which is used by both primary and secondary aluminium smelters (foundries and extraction units) for refining and degassing the hydrogen gas bubbles from molten aluminium and its alloys. Hexachloroethane has been used as an anthelmintic (to destroy tapeworms) in veterinary medicines. These medicines are feed orally to the cattle and sheep etc. for treatments of liver diseases in the veterinary animals. It is also used as rubber accelerator, which is a component in the fungicides and insecticides as well as a plasticizer and moth repellant for cellulose esters. Hexachloroethane (CAS 67-72-1) market accounted for US$ XX billion in 2019 and is estimated to be US$ XX billion by 2029 and is anticipated to register a CAGR of XX%.
Impact of COVID-19 on the market
Biopharmaceutical firms are at the leading position of the human response to the coronavirus pandemic. A significant number of foremost biotech organizations are in the middle of a race to examine the Sars-Cov-2 genome and formulate a viable vaccine for the same. As compared to the speed of response to SARS/MERs etc, the biotech entities are investigating SARs-Cov-2 at an unprecedented rate and a significant amount of funds are being put into the R&D. With the several candidates in trial, the public and private sectors are expected to work in unison for the estimative period, until a vaccine is developed for Covid-19. This report will quantify the impact of this pandemic on the Hexachloroethane (CAS 67-72-1) market.
Global Hexachloroethane CAS 67 72 1 Market Drivers & Restraints
Application in the Numerous End-Use Industries
Globally, the consumption of chlorinated alkali hydrocarbon that is hexachloroethane is predominantly driven by the growth of its application in the numerous end-use industries and sectors such as defense, metallurgy, and veterinary among many others. In defense, it is widely used for signal flare or smoke-producing devices. And, several countries across the globe are investing a huge amount to reinforcing the defense sector, and such factor is expected to accelerate the demand of hexachloroethane in the global market during the forecast period. Moreover, the numerous application of the hexachloroethane that is, it is used as raw material for organic synthesis, and degassing agents for aluminum and its alloys. Such factors are also projected to drive the hexachloroethane market growth across the globe in the upcoming years.
Research & Development
In the past, HCE was used as antihelminthic for the treatment of sheep flukes, but is no longer used for this purpose since the FDA withdrew approval for this use in 1971. HCE has also been used as a polymer additive, a moth repellant, a plasticizer for cellulose esters, and an insecticide solvent, and in metallurgy for refining aluminum alloys. About 57 % of the quantity produced is used for the production of smoke screen preparations. The remaining 43 % is sold to customers (downstream users). Metal and Alloy Production applications or Agriculture applications accounted for 23% and 9% of the share of consumption volumes. In developed countries, a number of other past uses of hexachloroethane have been identified.
Conversely, hazardous effects of hexachloroethane and stringent government policies in production of it are anticipated to hamper the growth of the global hexachloroethane (CAS 67-72-1) market during the forecast period.
Global Hexachloroethane CAS 67 72 1 Market Segmentations & Regional Insights
Hexachloroethane (CAS 67-72-1) market is segmented based on the type, application, and region.
On the basis of the type, the hexachloroethane (CAS 67-72-1) market is segmented into 99.0% purity, 99.5% purity and others. Based on application, the target market is segmented into smoke screen preparations, metal and alloy production, agriculture and others.
Regional Insights:
In the region, the hexachloroethane (CAS 67-72-1) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is estimated to account for dominant market share in the global hexachloroethane market owing to growing metallurgy and defense sectors. In China and India, strong investment in the defense sector to strengthen its defense power is such factor contributing to the growth of hexachloroethane market during the forecast period. Moreover, in emerging economies of Asia Pacific, a growing automotive industry which is the largest consumer of aluminum and its alloys are also expected to drive the hexachloroethane market growth in the near future. North America is expected to witness of substantial growth of the hexachloroethane market during the forecast period owing to the growing demand for cost-effective, light-weight products across the various end-use industries such as aeronautical and automotive industries. And, a huge amount of the hexachloroethane is used as a degassing agent in the molten aluminium and its alloys. Europe is projected to account for considerable growth in the global hexachloroethane market during the forecast period. Latin America is expected to witness moderate growth during the forecast period owing to the well-established aerospace industry and increasing automotive production rate.
Report Scope:
Attribute |
Details |
The base year for estimation |
2019 |
Forecast period |
2019 – 2029 |
Market representation |
Revenue in USD Billion & CAGR from 2019– 2029 |
Market Segmentation |
By Type- 99.0% Purity, 99.5% Purity and Others By Application- Smoke Screen Preparations, Metal and Alloy Production, Agriculture and Others |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the hexachloroethane (CAS 67-72-1) market report based on type, application, and region.
Hexachloroethane (CAS 67-72-1) Market, By Type:
- 99.0% Purity
- 99.5% Purity
- Others
Hexachloroethane (CAS 67-72-1) Market, By Application:
- Smoke Screen Preparations
- Metal and Alloy Production
- Agriculture
- Others
Hexachloroethane (CAS 67-72-1) Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Hexachloroethane CAS 67 72 1 Market Competitive Landscape & Key Players
The key players operating in the hexachloroethane (CAS 67-72-1) market include Changshu Zhenfu New Materials, Nantong Donggang Chemical, Scottish Chemical Industries, Teja Matallurgicals and Chemicals, Mil-Spec Industries Corporation, Merck KGaA, Solvay SA, Akzo Nobel N.V, Altech Alloys India Pvt. Ltd., and FabriChem, Inc. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.
Global Hexachloroethane CAS 67 72 1 Market Company Profile
- Changshu Zhenfu New Materials
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Nantong Donggang Chemical
- Scottish Chemical Industries
- Teja Matallurgicals and Chemicals
- Mil-Spec Industries Corporation
- Merck KGaA
- Solvay SA
- Akzo Nobel N.V
- Altech Alloys India Pvt. Ltd.
- FabriChem, Inc.
“*” marked represents similar segmentation in other categories in the respective section
Global Hexachloroethane CAS 67 72 1 Market Highlights
FAQs
The market report has been segmented on the basis of type, application, and region.
Industrial applications, use as a precursor in chemical synthesis, and demand in metallurgy and pyrotechnics drive the Hexachloroethane market.
Environmental concerns, health and safety considerations, and regulatory restrictions are key restraints in the Hexachloroethane market.
North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are considered regions in the Hexachloroethane market. Asia-Pacific is expected to dominate, driven by industrial activities, chemical manufacturing, and demand for Hexachloroethane in the region.
The prominent player operating in the global hexachloroethane (CAS 67-72-1) market includes Changshu Zhenfu New Materials, Nantong Donggang Chemical, Scottish Chemical Industries, Teja Matallurgicals and Chemicals, Mil-Spec Industries Corporation, Merck KGaA, Solvay SA, Akzo Nobel N.V, Altech Alloys India Pvt. Ltd., and FabriChem, Inc.