As per the research report titled ‘Global Chloromethyl Isopropyl Carbonate (CMIC) Market (Value, Volume) - Analysis By Application, Type, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, worldwide chloromethyl isopropyl carbonate (CMIC) market value was USD 26.67 million in the year 2020 and is anticipated to grow at a significant rate through 2026.

The usage of product as a crucial ingredient for multiple pharmaceutical compounds, and its utilization as a significant intermediate in the anti-AIDS and anti-Hepatitis B medications by most pharmaceutical companies are some of the prime catalysts contributing to the growth of global chloromethyl isopropyl carbonate industry.

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Furthermore, the outbreak of COVID-19 prompted higher consumption of antiviral medicines. It resulted in favourable circumstances for raw materials production, especially for organizations manufacturing CMIC and chemicals used to make anti-viral medicines, consequently leading to market growth.

When looking at the application spectrum, global chloromethyl isopropyl carbonate market is divided into Hepatitis B virus intermediates, human immunodeficiency virus (HIV) intermediates, and others. Analysing by type, the segmentation comprises purity 98%, and others. 

Witnessing the regional outlook, Asia Pacific is anticipated to account for the substantial market share during the forecast period, owing to the growing investments by the private companies and government organizations in developing countries like India and China, and the rising demand for the anti-viral medicines due to the growing population of senior citizens who are highly prone to viral infections. Additionally, supportive regulatory guidelines and initiatives concerning anti-viral medications will also influence the market penetration.

Talking about the competitive landscape, organizations such as Anshul Specialty Molecules Private Limited, Pingyuan Xinda Chemical Co. Ltd., Paushak Ltd., Atul Ltd., Chemcon Speciality Chemicals Limited, and Santa Cruz Biotechnology Inc. are the leading conglomerates significantly contributing towards the growth of global chloromethyl isopropyl carbonate market.