Fact.MR recently published a market study on the global Hexachloroethane Market. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the Hexachloroethane Market structure. It also presents exclusive information about how the Hexachloroethane Market will grow during the forecast period of 2019-2029.
Hexachloroethane Market: Introduction
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.
Moreover, hexachloroethane is also used as a key component in the pyrotechnic mixture that is consumed in the production of smoke grenades and smoke screens, which is widely used by the military for the smoke-producing devices. Additionally, 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. Moreover, some other applications of the hexachloroethane are; it has been used as chain transfer agents in the emulsion polymerization of the propylene-tetrafluoroethylene copolymer, and as a polymer additive.
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Hexachloroethane Market: Dynamics
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. Rising consumption of the aluminium in the automotive, electrical and electronics, and aeronautical industries in the form of its alloys, owing to its properties such as light-weight, durability, and cost-effective. Such factors are also projected to drive the hexachloroethane market growth across the globe in the upcoming years.
However, the hazardous effect of the hexachloroethane such as it is having a carcinogenic agent that is accountable for cancer in the human body. And, stringent government regulations in the production of hexachloroethane is anticipated to hinder the growth of hexachloroethane market during the forecast
Hexachloroethane Market: Segmentation
The global hexachloroethane market can be segmented on the basis of Application, End-Use, and region.
On the basis of Application, the hexachloroethane market has been segmented as:
- Chain Transfer Agent
- Rubber Accelerator
On the basis of End-Use, the hexachloroethane market has been segmented as:
- High Pressure Lubricants
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Hexachloroethane Market: Regional Outlook
Geographically, the hexachloroethane market is expected to primarily drive by the metallurgy and defense sectors. 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.
Hexachloroethane Market: Market participants
Some of the market participants identified across the value chain of the Hexachloroethane market are:
- Mil-Spec Industries Corporation
- Merck KGaA
- Solvay SA
- Akzo Nobel N.V.
- Scottish Chemical Industries
- Teja Matallurgicals and Chemicals
- Changshu Zhenfu New Materials
- Nantong Donggang Chemical
- Altech Alloys India Pvt. Ltd.
- FabriChem, Inc.
- Haihang Industry Co., Ltd.
- Anshul Specialty Molecules Ltd
- NOAH Technologies
- Skyline Chemical
- Finetech Industry Limited
- Wuhan Fortuna Chemical Co.,Ltd.
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