Carbon Tetrachloride

Carbon Tetrachloride Market Outlook

The global carbon tetrachloride market is projected to reach approximately USD 1.2 billion by 2035, growing at a CAGR of about 4.5% during the forecast period of 2025-2035. This growth is largely driven by the increasing applications of carbon tetrachloride in various end-use industries such as pharmaceuticals, chemicals, and electronics, as well as its utilization in fire extinguishers and as a solvent. Additionally, the growing emphasis on safety in industrial applications is contributing to the sustained demand for carbon tetrachloride, which is recognized for its effectiveness as a fire suppression agent and cleaning solvent. The regulatory frameworks surrounding the use of chlorinated compounds are also being revised, which could lead to increased adoption and innovation within the sector, stimulating market growth. Furthermore, the rise in developing nations' demand for construction and electronics is expected to bolster the market significantly.

Growth Factor of the Market

Several factors are propelling the growth of the carbon tetrachloride market. Firstly, the expanding chemical industry is a primary contributor, as carbon tetrachloride is used as a solvent and a reactant in the production of various chemicals. Secondly, its role as a refrigerant, especially in older cooling systems, continues to maintain a steady demand despite environmental concerns. Thirdly, the increasing need for effective cleaning agents in several industrial applications further boosts market prospects. Additionally, the rise of the pharmaceutical industry, particularly in developing regions, has created a heightened demand for carbon tetrachloride as a chemical intermediate in drug manufacturing processes. Lastly, the automotive sector's increasing use of carbon tetrachloride for manufacturing processes adds to the market's momentum, reflecting a trend toward higher efficiency and effectiveness in industrial use.

Key Highlights of the Market

• Projected global market size of USD 1.2 billion by 2035.
• CAGR of approximately 4.5% from 2025 to 2035.
• Significant applications in pharmaceuticals, chemicals, and electronics.
• Growing emphasis on safety in industrial applications.
• Expanding chemical and pharmaceutical industries in developing regions.

By Product Type

Liquid Carbon Tetrachloride:

Liquid carbon tetrachloride constitutes a major portion of the market due to its versatile applications in various industries. This form is used primarily as a solvent in chemical processes, where it facilitates reactions and solubilizes other substances. Its effectiveness as a cleaning agent and in the fabrication of electronic components is also noteworthy. The liquid state allows for easy application in industrial settings, enhancing its usability across different sectors. Moreover, its historical use in refrigeration systems contributes to its significance, although the push for environmentally friendly alternatives is gradually influencing its market share. Despite stringent regulations aimed at reducing chlorinated compounds in many regions, liquid carbon tetrachloride remains a staple in several chemical formulations, highlighting its importance in industrial applications.

Solid Carbon Tetrachloride:

While less commonly utilized than its liquid counterpart, solid carbon tetrachloride has unique applications that cater to specific industrial needs. This form often finds use in specialized chemical reactions where solid-state properties are advantageous. Solid carbon tetrachloride is primarily employed in laboratory settings for various analytical processes, providing a stable matrix for chemical analysis. Its role as a reagent in synthesizing other chemical compounds also positions it as a crucial element in certain manufacturing processes. The market for solid carbon tetrachloride is relatively niche but is supported by ongoing innovations in chemical synthesis techniques, which may broaden its applicability. However, the overall growth dynamics for solid carbon tetrachloride are closely tied to advancements in relevant industrial applications and regulatory compliance.

By Application

Chemical Intermediate:

As a chemical intermediate, carbon tetrachloride plays a critical role in the synthesis of various compounds used in multiple industries. It serves as a key reactant in producing chlorinated solvents and other chemicals, thus driving demand within the chemical sector. The versatility of carbon tetrachloride in facilitating various chemical reactions enhances its attractiveness as an intermediate, making it a vital component in the production chain. Its importance is particularly pronounced in the manufacturing of refrigerants, where it forms the basis for creating various halocarbons. As industries look for efficient and effective solutions, the role of carbon tetrachloride as a chemical intermediate is expected to expand, further solidifying its position in this application segment.

Solvent:

Carbon tetrachloride is widely recognized for its solvent properties, making it an essential agent in many industrial applications. Its ability to dissolve a broad range of organic compounds is one of the primary reasons it finds extensive use in laboratories and manufacturing processes. In the chemical industry, it is used to extract certain compounds and act as a carrier medium in various reactions. However, its use as a solvent is being scrutinized due to environmental and health concerns associated with chlorinated solvents. As regulations tighten, the industry is exploring alternative solvents, yet carbon tetrachloride's efficiency and effectiveness as a solvent may continue to sustain its demand in specialized applications where no suitable substitutes exist.

Fire Extinguisher:

The application of carbon tetrachloride in fire extinguishers is a notable segment that underscores its utility in safety measures. Historically, it has been a critical agent for extinguishing fires, particularly in industrial settings, owing to its effectiveness in suppressing flames. The quick action of carbon tetrachloride in reducing fire temperatures and displacing oxygen makes it an invaluable asset in fire safety protocols. Despite the decline in its use due to environmental regulations regarding chlorinated compounds, its legacy in fire suppression remains significant. The industry continues to explore ways to utilize carbon tetrachloride safely and effectively, particularly in environments where traditional extinguishing agents may not be as effective or practical.

Refrigerant:

In refrigeration applications, carbon tetrachloride has historically served as a refrigerant in vapor-compression refrigeration systems. Its effectiveness in heat transfer processes made it a popular choice in various cooling systems before the advent of more environmentally friendly refrigerants. Although its use has declined due to concerns over ozone depletion, carbon tetrachloride still finds application in certain niche markets, particularly where older systems are still in operation. As the industry shifts towards sustainable practices, the focus is increasingly on phasing out carbon tetrachloride in favor of more eco-friendly alternatives. Nevertheless, its role in legacy systems ensures a persistent, albeit diminishing, presence in the refrigeration market.

Cleaning Agent:

The use of carbon tetrachloride as a cleaning agent is an important application that highlights its effectiveness in removing grease and contaminants from various substrates. It is especially valued in industrial settings where heavy-duty cleaning is required, such as in machinery maintenance and electronic component fabrication. Its solvent properties allow it to dissolve oils and other residues quickly, making it a preferred choice in many cleaning formulations. However, the rising awareness of environmental and health hazards associated with chlorinated cleaning agents is prompting a shift towards safer alternatives. Despite this trend, carbon tetrachloride continues to be utilized in specialized applications where compliance with safety standards can be effectively managed, preserving its relevance in the cleaning agent segment.

By Use Industry

Chemical:

The chemical industry is one of the largest consumers of carbon tetrachloride, utilizing it primarily as a solvent and chemical intermediate. Carbon tetrachloride is integral in synthesizing a variety of chlorinated compounds and serves as a platform for producing solvents and refrigerants. The growth of the chemical sector, particularly in emerging markets, is directly correlated with the demand for carbon tetrachloride, as companies seek efficient solutions for chemical production. However, environmental regulations are influencing the industry's transition towards greener alternatives, prompting a careful reevaluation of carbon tetrachloride's applications. Nevertheless, its established presence in chemical synthesis processes ensures continued demand, although the landscape may evolve as regulatory frameworks change.

Pharmaceutical:

In the pharmaceutical sector, carbon tetrachloride plays a pivotal role as a chemical intermediate in the production of various medications. Its effectiveness in facilitating specific chemical reactions and its ability to dissolve various compounds make it an invaluable resource for pharmaceutical manufacturers. The expansion of the pharmaceutical industry, particularly in developing regions, is contributing to the rising demand for carbon tetrachloride as a crucial component in drug formulation processes. However, shifting regulatory stances regarding chlorinated solvents may impact its future use in this industry. Companies are increasingly focusing on sustainable practices, which could lead to the development of alternatives to carbon tetrachloride in pharmaceutical applications, though current reliance on the compound remains strong.

Electronics:

The electronics industry utilizes carbon tetrachloride primarily for cleaning and as a solvent in manufacturing processes. Its effective cleaning properties make it suitable for removing contaminants from electronic components, ensuring high-quality production standards. The rise of electronic devices and components has bolstered the demand for carbon tetrachloride in this sector, as companies strive for efficiency and precision in manufacturing. However, the industry's growing focus on sustainability is prompting a gradual shift towards less harmful alternatives. Despite these challenges, carbon tetrachloride's proven track record in electronics production continues to support its demand, particularly in high-precision applications where traditional methods may not suffice.

Automotive:

Within the automotive industry, carbon tetrachloride serves multiple roles, including its use as a solvent and cleaning agent in manufacturing processes. Its ability to dissolve oils and grease makes it an effective cleaning agent for automotive components, contributing to the overall efficiency of manufacturing operations. Additionally, carbon tetrachloride has been employed in the production of various automotive parts, especially in processes requiring high levels of precision. However, the automotive sector is undergoing significant changes due to stringent environmental regulations and a shift towards greener practices, which may limit the future use of carbon tetrachloride. Despite these trends, it currently remains an integral component of many automotive manufacturing processes.

Agriculture:

In the agricultural sector, carbon tetrachloride has historically been used in pesticides and herbicides, leveraging its solvent properties to enhance the effectiveness of active ingredients. Its role in formulating agricultural chemicals has contributed to its demand, particularly in regions with high agricultural output. However, growing environmental concerns and regulatory pressures are leading to a decline in the use of carbon tetrachloride in agriculture, as companies seek safer alternatives to manage pests and diseases. As the industry shifts towards more sustainable practices, the role of carbon tetrachloride in agriculture may continue to diminish, but its legacy as a potent solvent in agricultural formulations remains significant.

By Distribution Channel

Direct Sales:

Direct sales of carbon tetrachloride are a critical channel in the market, allowing manufacturers to engage closely with their customers. This distribution method enables suppliers to offer tailored solutions and establish strong relationships with end-users, particularly in specialized industries that require specific formulations. Direct sales also facilitate better control over product quality and customer feedback, ensuring that manufacturers can adjust their offerings based on market needs. Furthermore, this channel allows for enhanced inventory management and logistics, ensuring timely delivery to clients. As industries continue to demand customized solutions, the importance of direct sales in the carbon tetrachloride market is likely to grow, reinforcing its role in maintaining competitive advantage.

Indirect Sales:

Indirect sales channels, including distributors and wholesalers, play a significant role in the carbon tetrachloride market by expanding the reach of manufacturers. These channels are particularly important for smaller manufacturers who may not have the resources to manage direct sales effectively. By leveraging established distribution networks, suppliers can access a wider customer base across multiple regions. Indirect sales also provide logistical advantages, as distributors often have the infrastructure to manage inventory and transportation efficiently. However, reliance on indirect sales can dilute manufacturer-customer relationships, making it challenging to gather direct feedback on market trends and product performance. Despite this, indirect sales remain a vital component of the carbon tetrachloride market, particularly in regions where manufacturers seek to establish a presence without extensive investment in infrastructure.

By Region

The North American region is a significant player in the carbon tetrachloride market, accounting for approximately 35% of the global share. The region's extensive chemical manufacturing base and established pharmaceutical industry bolster the demand for carbon tetrachloride across various applications. Moreover, the continued use of carbon tetrachloride in legacy systems, particularly in refrigeration and fire suppression, supports its market presence. However, stringent environmental regulations and the push for greener alternatives are influencing the industry's direction, compelling manufacturers to adapt their strategies. With a projected CAGR of around 3.8% during the forecast period, North America is expected to maintain its dominance while navigating the challenges posed by regulatory pressures and the need for innovation.

In Europe, the carbon tetrachloride market is shaped by a strong emphasis on sustainability and compliance with environmental regulations. The region holds about 30% of the global market share, driven by the pharmaceutical and chemical sectors, which utilize carbon tetrachloride extensively as a solvent and intermediate. As the European Union continues to enforce stringent regulations on chlorinated compounds, the market is witnessing a gradual decline in the use of carbon tetrachloride for traditional applications. Nevertheless, its effectiveness in specialized processes keeps it relevant. The European market is anticipated to grow at a CAGR of around 4.2% over the forecast period, as industries seek to balance regulatory compliance with operational efficiency.

Opportunities

The carbon tetrachloride market presents several opportunities driven by advancements in chemical manufacturing and a growing emphasis on safety in industrial applications. One notable opportunity lies in the development of specialized formulations that utilize carbon tetrachloride as a component while ensuring compliance with environmental regulations. Manufacturers can innovate in this space by creating tailored solutions that meet specific industry requirements, broadening the applications of carbon tetrachloride across sectors. Furthermore, the increasing demand for effective fire suppression agents in industries such as manufacturing and oil and gas provides another avenue for growth, as carbon tetrachloride is recognized for its exceptional fire extinguishing capabilities. Companies that focus on developing eco-friendly applications for carbon tetrachloride stand to gain a competitive edge in the evolving market landscape, particularly as industries transition towards sustainability.

Additionally, emerging markets in Asia-Pacific present substantial growth opportunities for the carbon tetrachloride industry. Rapid industrialization and urbanization in countries such as India and China are driving demand for chemicals and solvents across various sectors, including pharmaceuticals, automotive, and electronics. As these economies continue to expand, manufacturers have the chance to establish a strong presence by catering to the growing local demand for carbon tetrachloride and its derivatives. Strategic partnerships with local distributors can further enhance market penetration, enabling companies to navigate regional complexities effectively. Investing in innovation and sustainability practices will be crucial for capitalizing on these opportunities, ensuring long-term growth in an increasingly competitive landscape.

Threats

The carbon tetrachloride market faces several threats that could impact its growth trajectory. The most significant of these is the increasing regulatory scrutiny surrounding chlorinated solvents due to their environmental and health implications. Many countries are implementing stringent regulations aimed at reducing the use of such compounds, which could lead to a decline in demand for carbon tetrachloride across various applications. This regulatory environment may also force manufacturers to invest heavily in compliance measures or to shift toward alternative, less harmful substances. Such transitions can be costly and may lead to disruptions in supply chains as companies seek to adapt to new regulations while maintaining product efficacy. Furthermore, public awareness of environmental issues is rising, leading to increased pressure on industries to adopt sustainable practices, which may limit the use of carbon tetrachloride altogether.

Another notable threat arises from the competitive landscape, where alternative solvents and cleaning agents are gaining traction in the market. As industries prioritize sustainability and environmental responsibility, the demand for greener alternatives is on the rise. This shift could lead to a significant reduction in the market share of carbon tetrachloride, particularly in applications where substitutes are readily available. Additionally, the volatility in raw material prices can pose challenges for manufacturers, impacting their profitability and pricing strategies. As a result, companies may face difficulties in maintaining competitive pricing while adhering to regulatory requirements and meeting the demand for sustainable products. The combined effect of regulatory pressures, competition from greener alternatives, and fluctuating raw material costs creates a complex landscape that manufacturers must navigate to ensure long-term viability.

Competitor Outlook

• Olin Corporation
• Shin-Etsu Chemical Co., Ltd.
• Occidental Petroleum Corporation
• Albemarle Corporation
• Lanxess AG
• Eastman Chemical Company
• Honeywell International Inc.
• GFS Chemicals, Inc.
• KMG Chemicals, Inc.
• Solvay S.A.
• Arkema S.A.
• Shreeji Industries
• Pure Chemicals Co.
• Triveni Interchem Pvt. Ltd.
• Jiangsu Yangnong Chemical Group Co., Ltd.

The competitive landscape of the carbon tetrachloride market is marked by a mix of established players and emerging companies, all vying for market share in a sector undergoing significant transformation due to regulatory pressures and shifting consumer preferences. The major companies in this market leverage their extensive experience, established distribution networks, and robust research and development capabilities to maintain their competitive edge. Firms like Olin Corporation and Occidental Petroleum Corporation are notable leaders, recognized for their large-scale production capabilities and innovation in chemical processes. Their global presence and diverse product offerings position them to adapt to market changes while catering to the evolving needs of consumers.

Furthermore, companies like Eastman Chemical Company and Honeywell International Inc. are actively investing in sustainable practices and alternative solutions to meet the increasing demand for eco-friendly products. These initiatives not only enhance their market positioning but also align with the broader industry trend towards sustainability. Additionally, emerging players such as Shreeji Industries and Triveni Interchem Pvt. Ltd. are carving out niche markets by offering specialized products tailored to specific applications, showcasing the dynamic nature of the competitive landscape. As the industry continues to evolve, companies will need to focus on differentiation and innovation to navigate the challenges posed by regulation and competition effectively.

In conclusion, the leading players in the carbon tetrachloride market are increasingly recognizing the necessity of adapting to changing market dynamics and consumer preferences. Continuous investment in research and development, coupled with a focus on sustainability, will be key for success in this competitive environment. Major companies are likely to explore strategic partnerships and collaborations to enhance their product offerings and expand their market reach. As regulatory environments become more stringent, the ability to pivot towards greener alternatives will determine the long-term viability of these firms in the carbon tetrachloride market. Those that can effectively balance operational efficiency with environmental responsibility will emerge as the frontrunners in this evolving industry.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Lanxess AG
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Arkema S.A.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Solvay S.A.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Olin Corporation
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Pure Chemicals Co.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Shreeji Industries
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 GFS Chemicals, Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 KMG Chemicals, Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Albemarle Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Eastman Chemical Company
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Triveni Interchem Pvt. Ltd.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Honeywell International Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Shin-Etsu Chemical Co., Ltd.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Occidental Petroleum Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Jiangsu Yangnong Chemical Group Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Carbon Tetrachloride Market, By Application
    • 6.1.1 Chemical Intermediate
    • 6.1.2 Solvent
    • 6.1.3 Fire Extinguisher
    • 6.1.4 Refrigerant
    • 6.1.5 Cleaning Agent
  • 6.2 Carbon Tetrachloride Market, By Product Type
    • 6.2.1 Liquid Carbon Tetrachloride
    • 6.2.2 Solid Carbon Tetrachloride
  • 6.3 Carbon Tetrachloride Market, By Use Industry
    • 6.3.1 Chemical
    • 6.3.2 Pharmaceutical
    • 6.3.3 Electronics
    • 6.3.4 Automotive
    • 6.3.5 Agriculture
  • 6.4 Carbon Tetrachloride Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Carbon Tetrachloride Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Carbon Tetrachloride market is categorized based on

By Product Type

• Liquid Carbon Tetrachloride
• Solid Carbon Tetrachloride

By Application

• Chemical Intermediate
• Solvent
• Fire Extinguisher
• Refrigerant
• Cleaning Agent

By Use Industry

• Chemical
• Pharmaceutical
• Electronics
• Automotive
• Agriculture

By Distribution Channel

• Direct Sales
• Indirect Sales

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Olin Corporation
• Shin-Etsu Chemical Co., Ltd.
• Occidental Petroleum Corporation
• Albemarle Corporation
• Lanxess AG
• Eastman Chemical Company
• Honeywell International Inc.
• GFS Chemicals, Inc.
• KMG Chemicals, Inc.
• Solvay S.A.
• Arkema S.A.
• Shreeji Industries
• Pure Chemicals Co.
• Triveni Interchem Pvt. Ltd.
• Jiangsu Yangnong Chemical Group Co., Ltd.