The market is highly competitive, with companies such as Lanxess AG, CABB Group, and Jiangxi Selon Industrial Co., Ltd., among others, looking into capacity expansion, mergers, and acquisitions, as well as new product development in order to enhance their respective market positions. For example, In February 2022, CABB Group recently expanded the production facility in Pratteln, Switzerland, to manufacture more high-purity thionyl chloride. Such an expansion is expected to cater to the increasing pharmaceutical and agrochemical sectors' demand for high-grade reagents. The move by the company is to keep pace with the increasing competition in the market and to stay ahead of competitors as major players increase their capabilities to capture larger portions of the market and better adapt to global demand trends.
Here are some leading players in the thionyl chloride market:
Author Credits: Rajrani Baghel
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