• The global Myristoyl Chloride market was valued at USD 21 million in 2023. This market is projected to grow at a CAGR of 3.70%, reaching a total value of USD 29.12 million by 2032. This growth is driven by increasing demand from various sectors such as pharmaceutical intermediates, pesticide formulations, and other industrial applications.
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• Myristoyl chloride, also known as tetradecanoyl chloride, is an organic compound typically synthesized through the reaction of myristic acid with phosphorus trichloride (PCl₃). It is primarily used in the pharmaceutical and pesticide industries as a key intermediate in various chemical processes. Myristoyl chloride is a highly reactive substance, often utilized in the synthesis of fatty acid derivatives, which find application in the formulation of various chemical products.
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