Global Methyl Orthoformate market will reach 220 million US$ by the end of 2025

Global Methyl Orthoformate market will reach 220 million US$ by the end of 2025 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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• "Methyl Orthoformate" is same as "Trimethoxymethane" and CAS Number is 149-73-5, Trimethyl orthoformate is the simplest orthoester. It is a reagent used in organic synthesis for the introduction of a protecting group for aldehydes. The product of reaction of an aldehyde with trimethyl orthoformate is an acetal. In general cases, these acetals can be deprotected back to the aldehyde by using hydrochloric acid. The industrial synthesis of this chemical is from hydrogen cyanide and methanol.

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• The Methyl Orthoformate industry concentration is very high; there are several manufacturers in the world, and located in France and China. This report not included the product that the produced for own use.

• Shandong Sinobioway is the No.1 players, it takes about 1/3 of the global market production, but its key raw material, hydrocyanic acid, is coming from the Qilu Petrochemical Company, thus it is condition by the raw material very strongly.

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• In the applications like pharmaceutical industry, the applications made by the hydrocyanic acid method all can be replaced by the product of metal sodium method.

This make the metal sodium method product more used in pharmaceutical industry, and the hydrocyanic acid method product are used in pesticides more.

QYR

The global Methyl Orthoformate market is valued at 160 million US$ in 2017 and will reach 220 million US$ by the end of 2025, growing at a CAGR of 4.0% during 2018-2025.

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