#South America Methylene Chloride Market
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Global Methylene Chloride Market – Industry Trends and Forecast to 2029
Data Bridge Market Research analyses that the methylene chloride market was valued at USD 1,453.76 million in 2021 and is expected to reach an estimated value of 1869.55 million in 2029 with a CAGR of 5.2% during the forecast period
Methylene Chloride Market Analysis and Size
Methylene chloride is primarily used to extract various compounds, but it is also used in the manufacture of antibiotics and vitamins. It is also employed as a tablet coating agent. The pharmaceutical market is rapidly expanding as a result of the growing middle class, ageing, rising incomes, and increased urbanization in countries such as the United States, China, and India, among others. The healthcare industry in the United States is by far one of the most advanced in the world. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), US companies conduct more than half of the world's pharmaceutical R&D and own the intellectual property rights to the majority of new medicines.
Data Bridge Market Research analyses that the methylene chloride market was valued at USD 1,453.76 million in 2021 and is expected to reach an estimated value of 1869.55 million in 2029 with a CAGR of 5.2% during the forecast period. Data Bridge Market Research report on methylene chloride market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. Growing solvent demand in the automotive and construction industries is expected to open up new opportunities for this market.
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Global Methylene Chloride Market Scope
The methylene chloride market is segmented on the basis of application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
Paint remover
Pharmaceuticals
Chemical processing
Foam manufacturing
Metal cleaning
Solvent
Others
End user
Pharmaceuticals
Chemicals
Metals and Metallurgy
Others
Methylene chloride Market Country Level Analysis
The countries covered in the methylene chloride market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.
Methylene Chloride Market Share Analysis
The methylene chloride market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to methylene chloride market.
Some of the major players operating in the methylene chloride market are:
BASF SE (Germany)
Dow (U.S.)
INEOS( Switzerland)
SABIC (Saudi Arabia)
LyondellBasell Industries Holdings B.V.( Netherlands)
DuPont (U.S.)
Royal Dutch Shell plc (Netherlands)
Bayer AG ( Germany)
Clariant ( Switzerland)
Huntsman International LLC (U.S.)
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Global methylene chloride market
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#methylene chloride market#methylene chloride market size#forecast period of methylene chloride#market analysis of methylene chloride
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Global Chlorinated Methanes Market Study, 2014-2030
Prismane Consulting is pleased to publish its Chlorinated Methanes Market Market Study Report which includes historic and current market situation of Chlorinated Methanes Market across several end-use industries.
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This market study describes the global Chlorinated Methanes Market market, with focus on major countries and their subsequent demand across different applications and sub-applications. The study covers demand-supply analysis for regions including North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific, Middle East and Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, Poland, Turkey, China, Japan, India, South Korea, Thailand, Taiwan, South Africa, and Saudi Arabia. The market is segmented based on end-use which includes Methyl Chloride, Methylene Chloride, Chloroform, and others.Chlorinated Methanes Market Production capacity expansions, force majeure, de-bottlenecks, plant shutdowns and new product developments have been considered in the report.
Chlorinated Methanes Market demand patterns are dramatically different between various regions and countries. In the areas with mature economies, demand growth for Chlorinated Methanes Market is expected to fall well below global averages primarily due to the geographic shift of many manufacturing industries to areas of lower labor costs such as China, India, and the ASEAN region.
The primary driver for the growth in demand of Chlorinated Methanes Market in Asia has been the migration of labor-intensive downstream conversion industries from developed high labor cost regions like North America and Western Europe.
Topics Covered
The report covers the following topics:
Chlorinated Methanes Market Market data in term of volume and value for each end-use at regional and country level
Chlorinated Methanes Market Market analysis for production, capacity, demand, supply, trade, and utilization rates at regional and country level
Trade balance and target markets for current situation, new expansions, or new projects
Business opportunity assessment
Macro-economic factors like GDP, population, and world economic integration
Strategic issues and recommendations
Strategic recommendations for vendors, and industry stakeholders
Market analysis and forecasts (short-, mid- and long-term forecast) from 2015 till 2030
Chlorinated Methanes Market Market: Applications Covered
Global Chlorinated Methanes Demand Analysis By Type,
By Applications (Volume, Value) (2014–2030)
Strategic Issues
Demand Analysis and Forecast (2014 – 2030)
Demand
Demand Growth Rate (%)
Driving Force Analysis
Global Chlorinated Methanes Market, By Type
Methyl Chloride (CH3Cl),
Methylene Chloride (CH2Cl2)
Chloroform (CHCl3)
Carbon Tetrachloride (CCl4)
Others
Global Chlorinated Methanes Market, By Applications
Methyl Chloride
- Methyl Chlorosilanes
- Methyl Cellulose
- Quaternary Ammonium Compounds
- Others
Methylene Chloride
- Industrial Solvent
- Pharmaceutical & Chemical Processing
- Adhesives
- Metal Cleaning
- Others
Chloroform
- Hydrochlorofluorocarbon
- Others
Carbon Tetrachloride
Hydrofluorocarbon
Others
Chlorinated Methanes MarketMarket: Regions covered
- Asia Pacific
- Eastern Europe
- Central & South America
- Middle East & Africa
- North America
- Western Europe
Key Questions Answered
The Global Chlorinated Methanes Market Market study answers the following key questions:
How big is the Chlorinated Methanes Marketmarket?
How is the Chlorinated Methanes Market market evolving by demand-supply, segment, and region?
What will the Chlorinated Methanes Market market size be in 2030 and at what rate will it grow?
What trends, challenges and barriers are influencing its growth?
Who are the key manufacturers and what are their shares in different region?
What opportunities and target markets exist for Chlorinated Methanes Market
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Methylene Chloride Market Analysis and Insights, Company Profiles with Share, Growth Rate, Product Types and Application, Restraints and Opportunities to 2028
The report delivers the challenges in front of the Methylene Chloride Market that allows the better understanding of the market and provides the lucrative opportunities that are available. Analyst has studied the current market scenario while concentrating on the new business objectives. Report includes change in customer requirements, customer preferences and the vendor landscape in the market.
Methylene Chloride Market Report study provides in detail information to understand the imperative market parts that aligns with the business decision related to raw materials, demand, and production capacity. The analysis provides demands for the future, besides the opportunities that are available for individual. Study focuses on industry chain analysis, upstream and downstream raw material suppliers, key players, production process analysis, cost analysis, market distribution channels and major downstream buyers.
The Methylene Chloride Market Report delivers analysis of various organizations, affiliation and new businesses. Study includes authorized estimations to develop better understanding of the organizations. Report provides the information about Key players in the market, manufacture analysis, market CAGR, production capacity, product segmentation, supplier analysis, trends and forecast. Research furthermore consolidates impact of government regulations and standards over the market.
Research analysis covers historical data from the year 2015 to 2019,In addition to this report considers 2021-28 as the forecast year. This helps manufacturers and clients understand the past trends and analyze the future trend. Competitive development like expansion of the plant, ventures, agreement, and acquisition are discussed in the report.
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Research study on Methylene Chloride Market is based on following regions and countries:
North America
· U.S.A
· Canada
Europe
· France
· Germany
· Spain
· UK
· Rest of Europe
Asia Pacific
· China
· Japan
· India
· South East Asia
Latin America
· Brazil
Middle East and Africa
Methylene Chloride Market Report delivers comprehensive analysis of :
· Challenges and Opportunities
· Emerging and Current market trends
· Market player Capacity, Production, Revenue (Value)
· Market Forecast for 2021-28
· Market growth drivers
· Supply (Production), Consumption, Export, Import analysis
· End user/application Analysis
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Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organizations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results.
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Chloromethane Market Industry Size, Share, Trends - Forecast and Analysis 2021-2025
Chloromethane Market in l4 Industry to grow by $ 500.83mn|Technavio
The chloromethane market size value is poised to grow by $ 500.83 mn during 2021-2025. The market is expected to progressing at a CAGR of about 5%. In addition, the report offers a detailed analysis of the current market scenario, which is majorly focused on the COVID-19 impact. Furthermore, our research expects have extensively covered the latest trends, challenges, and drivers and vendor strategies to overcome growth obstacles.
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Chloromethane Market Trends & Drivers
The chloromethane market research report has a detailed analysis on the key drivers, trends, and challenges, which will help vendors in making important business decisions and modifications to cater to the changing consumer demand. While it is essential to capitalize on key drivers such as increasing demand for refrigeration and air-conditioning, it is also crucial to understand the challenges that will impede sales during the forecast period. Identifying and addressing market growth challenges will create additional opportunities for the existing and new market players.
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The chloromethane market has also explored key trends such as , which will have a significant positive impact on the market growth over the forecast period. A thorough study of the market trends will enable vendors to understand demographics effectively, which can be used to further product and service innovation.
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Chloromethane Market: Segmentation Analysis
This market research report segments the chloromethane market by Type (Methylene chloride, Chloroform, Methyl chloride, and Carbon tetrachloride) and Geographic (APAC, North America, Europe, MEA, and South America).
The APAC region led the chloromethane market in 2021, followed by North America, Europe, MEA, and South America respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as .
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A few of the key topics covered in the report include:
Market Drivers
Market ChallengesMarket TrendsVendor Landscape
Vendors covered
Vendor classification
Market positioning of vendors
Competitive scenario
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Chloromethane Market | Demand, Key Player profile, Size, Share, Trends, and Regional Outlook by 2027
Chloromethane are chemical compound that belong to a class of organic compound named haloalkanes. They are predominantly used as precursors for the production of silicone polymers and drug manufacturing. Chloromethane market is expected to witness strong growth due to its profound usage in automotive, construction, and medical. Methyl chloride accounted for the largest market share in 2016 and is expected to retain its dominance over the estimated period due to its wide utilization as a solvent in butyl rubber manufacturing & petrol refining, and for the manufacturing of lead-based gasoline additives. However, environmental concerns and shift in preference towards bio-based sources is set to challenge industry participants. On the basis of application, silicone polymers dominated the market in 2016 on account of its wide utilization in various application such as construction, medical, and automotive. Growth of global chloromethane market is predominantly driven by automotive industry. Furthermore, increasing construction activities in developed and developing countries across the globe is predicted to fuel the demand for chloromethane over the estimated period. In addition to this continuous growth of pharmaceutical sector is expected to propel the market growth.
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Geographically, Asia Pacific emerged as the leading market for chloromethane followed by North America and Europe in 2016. The Asia Pacific region accounted for largest market share and is estimated to register highest CAGR due to continuous growth of automotive, agrochemical, and pharmaceutical industry specifically in China, India, Japan, Vietnam, Malaysia, and South Korea. Furthermore, In Asia Pacific escalating investments and supporting government regulations is predicted to drive market growth. Furthermore, increasing investment by major companies and shifting of chloromethane manufacturing facilities as well as end use industries expansion in this region is expected to propel the chloromethane regional market growth. North American market is predicted to witness steady growth on account of expansion of personal care and pharmaceutical sector. Europe is expected to witness sluggish growth owing to the stringent regulations associated with industrial toxic gas emission and higher adoption rate of eco-friendly products. Additionally, high adoption rate by the end use industries is estimated to drive the market growth over the forecast period.
Key Players:
The Dow Chemical Company, Asahi Glass Co. Ltd, Gujarat Alkalies and Chemicals Ltd, Alfa Aesar, Akzonobel N.V., Solvay SA, INEOS Group, Tokuyana Corporation, Shin-Etsu Chemical Co., Ltd., Occidental Chemical Corporation among others are some of the prominent players at the forefront of competition in the Global Chloromethane Market and are profiled in MRFR Analysis.
Industry/ Innovation/ Related News:
May 2017- AkzoNobel and Gujarat based Atul chemical announced plans to set up a Monochloracetic acid (MCA) plant and the production is expected to commence by 2019. MCA plant is set to start with initial capacity of 32,000 tons per year. With this AkzoNobel strengthen its position in global chloromethane market.
March 2017- GFL is planning to restructure its chemical segment and separate its chemical business into a separate business group.
February 2017- Meghmani Finechem Ltd, a subsidiary of Meghmani Organics Ltd announced to setting up chloromethane plant of 40,000 metric tonne per annum at Dahej, Gujarat. With this expansion, the unit will manufacture chloroform, carbon tetra chloride, and methylene dichloride. The company will be able to meet the growing demand of agrochemical and pharmaceutical for methylene dichloride.
January 2016- AkzoNobel and Evonik Industries will start production for chlorine and potassium hydroxide solution in Germany. With this joint venture, the company expand its business and strengthen its position in chloromethane market.
November 2016- GACL will set up a chloromethane plant with annual capacity of 105,000 TPA or 315 MT per day at Dahej location. With this expansion the company expand its business and further increase its presence in chloromethane market across the Asia Pacific.
March 2016- The Olin Corporation took the decision to reduce the capacity of chlor alkali capcaity by 433,000 tons across three different locations namely, Henderson, Niagara falls, Freeport. The company will restructure its business segment and will shift their focus on other business areas
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Competitive Landscape
The Chloromethane report analyses the degree of competition among the key manufacturers as well as industry growth and market scenario. The global Chloromethane market consist of various players operating in the market including large scale and medium size producers. The key market players operating in the global Chloromethane industry is concentrating towards growth association specifically by Asia Pacific as medium scale and key operating players are from this region specifically from China, South Korea, India, and Japan. Moreover, the company is focusing on enhancing their product portfolio by strategic acquisition and mergers, joint ventures, and exclusive agreements. Some of the companies are expanding their production capacity of chloromethane to meet the growing demand for chloromethane.
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Chloromethane Market Opportunities, Top Manufactures, Industry Growth, Share, Size, Regional Analysis and Global Forecast to 2027
Rising demand for methyl chloride as a solvent in petroleum refining is also expected to raise global demand. In refining operations, chloromethane is commonly used as a dewaxing agent. Besides, the compound has undergone substantial market growth from the pharmaceutical industry owing to its potential to serve as a chemical intermediary in medication processing and as an anesthetic in medicinal products.
Chloromethane Market Size – USD 4.46 Billion in 2019, Market Growth - CAGR of 4.6%, Market Trends – High demand from developing nations.
Reports and Data recently added Global Chloromethane Market research report to its ever expanding database that provides a thorough investigation of the market scenario of the market size, share, demand, growth, trends. The report primarily covers overview of the market along with definitions, classifications, applications, and market overview of the Chloromethane industry. It also covers product portfolios, manufacturing processes, cost analysis, structures, and gross margin along with comprehensive overview of the industry. The report further offers insights about the key players, key trends, product demands, current and emerging trends, regional bifurcation, revenue growth and strategic alliances in the market.
Key companies operating in the market include:
AkzoNobel NV, Asahi Glass Co. Ltd., Gujarat Alkalies and Chemicals Ltd., Tokuyama Corp., Shin-Etsu Chemical Co. Ltd., AGC Chemicals Ltd., Occidental Chemical Corp., INEOS Group, Solvay S.A., and Dow Chemical Company, among others.
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The report provides a complete analysis of the leading players operating in the global Chloromethane market along with their financial standings, company overview, business strategies, and policies. The report also covers their latest expansion strategies and research and development advancements. It provides a thorough assessment of the strategic initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, brand promotions, product launches, government and corporate deals, and product developments undertaken by the companies to gain a robust footing in the market.
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. It provides insights into production and consumption patterns, import/export, current and emerging trends, supply and demand, consumer demand, and presence of key players in each region. It also offers insights about the consumer behavior, revenue growth, market share, and market size of the global Chloromethane market in each key region.
In-depth regional analysis covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Chloromethane Market Segmentation:
Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Methylene Chloride
Methyl Chloride
Carbon Tetrachloride
Chloroform
Others
End-Use Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)
Silicone Polymers
Methylating & Chlorinating Agent
Propellant & Blowing Agent
Laboratory Chemicals
Industrial Solvent
Adhesives and Sealants
Others
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Pharmaceutical
Textile
Automotive
Construction
Paints & Coatings
Personal Care Products
Plastics & Rubber
Others
Additionally, the report is furnished with the analytical data obtained from SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis. Along with this, an in-depth analysis of current and emerging trends, opportunities, threats, limitations, entry-level barriers, restraints and drivers, and estimated market growth throughout the forecast period are offered in the report. Key statistical data has been represented in charts, graphs, diagrams, figures, and other pictorial representation. The report has been formulated through extensive primary and secondary research and data has been further validated by industry experts, professionals, and analysts.
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#Chloromethane Market#Chloromethane Industry#Chloromethane Market size#Chloromethane Market share#Chloromethane Market trend#Chlorometh
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Chloromethane Market Size, Share, Growth, Trends - Forecast and Analysis 2021-2025
Chloromethane Market will register a CAGR of 5% during 2021-2025. The market’s growth momentum will Accelerate.
Increasing demand for refrigeration and air-conditioning | Growing demand for silicones | Increasing demand for cold storage systems, particularly in the developing countries will be one of the major factors driving the growth of this market. Additionally, key Chloromethane Market trends such as the will also influence market growth during the forecast period.
Chloromethane Market Size
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During the forecast period, the Chloromethane Market size will grow by $ 500.83 mn.
Chloromethane Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Chloromethane Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the Easy availability of substitutes | Health and environmental concerns leading to stringent rules and regulations | Precautionary measures required for handling and storage of chloromethanes will also challenge the growth of the companies.
AGC Inc. | Gujarat Alkalies and Chemicals Ltd. | KEM ONE | Merck KGaA | Nouryon Chemicals Holding BV | Occidental Petroleum Corp. | Shin-Etsu Chemical Co. Ltd. | Thermo Fisher Scientific Inc. | Tokuyama Corp. | Tokyo Chemical Industry Co. Ltd. .list
are some of the companies covered in Technavio’s Chloromethane Market report for 2021-2025.
Chloromethane Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Chloromethane Market.
The APAC will account for the largest Chloromethane Market share and during 2021-2025, the region will contribute to 75% of the market’s growth.
In addition to regions and the key companies involved, Technavio’s Chloromethane Market report also analyzes the market by Methylene chloride | Chloroform | Methyl chloride | Carbon tetrachloride | APAC | North America | Europe | MEA | South America.comma
Our Custom Research Solutions can provide tailored Chloromethane Market information to meet your specific requirements.
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Chloromethane Market Analysis, Forecast and Global Research Report to 2027
The in-depth study on the Chloromethane Market covers a comprehensive analysis of the historical data, present and emerging market trends, technological advancements, and the overall market scenario. The report titled Global Chloromethane Market published by Reports and Data analyze the current market scene, market share, growth rate, future trends, market drivers, opportunities, and challenges, risks and entry barriers. The report includes a comprehensive assessment of the positive and negative factors influencing the growth and trends of the market.
The global Chloromethane Market is forecasted to grow at a rate of 4.6% in terms of value, from USD 4.46 billion in 2019 to reach USD 6.41 billion by 2027.
The report considers COVID-19 as a key market contributor. The report describes in detail the effect of the COVID-19 pandemic on the major segments of the Chloromethane Market sector. The pandemic has affected the Chloromethane Market sector dynamically and the report covers the changes in demands and trends in the market. The report studies threats and challenges the industry players will have to face due to the changes induced by COVID-19 pandemic. Furthermore, the report provides a detailed description of the COVID-19 impact on the overall growth of the market.
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The report is an all-inclusive document containing a thorough assessment of the top market players operating in the industry and controlling a significant share of the market. A breakdown analysis of the competitive landscape comprising of expansion tactics and strategic alliances adopted by the companies are offered in the report. The report covers a detailed assessment of mergers & acquisitions, product launches, partnerships & agreements, joint ventures, and collaborations, among others happening between the prominent industry players.
Key Players Operating in the Market and Profiled in the Report are:
AkzoNobel NV, Asahi Glass Co. Ltd., Gujarat Alkalies and Chemicals Ltd., Tokuyama Corp., Shin-Etsu Chemical Co. Ltd
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The reports presents encyclopedic company profiles of the leading participants of the Chloromethane Market industry to allow the reader to gain a better understanding of the competitive landscape to help in formulating better decisions and investment strategies. It also covers SWOT analysis and Porter’s Five Forces analysis to impart a better understanding of the key players operating in the market.
Additionally, the report consists a detailed analysis of the segmentation of the Chloromethane Market based on product types and end-use/application offered in the Chloromethane Market. The report an exhaustive summary of the product and application landscape of the industry along with details about the segmented expected to show significant growth in the upcoming years.
Based on the product type, the Chloromethane Market is segmented into
Methylene Chloride
Methyl Chloride
Carbon Tetrachloride
Chloroform
Others
Based on the application spectrum, the Chloromethane Market is segmented into
Pharmaceutical
Textile
Automotive
Construction
Paints & Coatings
Personal Care Products
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The report provides an extensive detailing of the market share and size of the Chloromethane Market industry in the key geographical regions. Based on the regional breakdown, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In-depth regional analysis covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Chlorinated Methanes Market Analysis (2020-2027)
The global chlorinated methanes market size is expected to witness a substantial rise in the coming future, and register a significant CAGR over the forecast period (2019 - 2027).
Market Overview
Chlorinated methanes (combination of chlorine and methane) are used as precursors in the production of silicon and other industrial materials, in which methylene chloride (CH2Cl2) is used as a solvent, chloroform (CHCl3) to produce certain refrigerants, and carbon tetrachloride (CCl4) for alternatives such as HFCs and HFO- 1234yf/ze. Methyl chloride, or chloromethane is highly flammable and was widely used as a refrigerant, however owing to its toxicity, it has been demoted from consumer goods. Presently, chloromethane is used as an intermediate in the production of silicone polymers, as a solvent, propellant, local anesthetic, and herbicide. Carbon tetrachloride (CT) and chloroform (CF) are widely used as solvents and reagents in organic synthesis, however their use has been discontinued owing to CT’s major role as a groundwater pollutant. Currently carbon tetrachloride has application in the chemicals industry as a source of chlorine, and for revealing watermarks on postage stamps. Chloroform is used as an anesthetic, reagent, and solvent.
Market Dynamics
Growth of the chlorinated methanes market is expected to be influenced by growth of the refrigeration industry, where methyl chloride is in demand for the production of HFC-32. In the past few years, demand for methyl chloride in the production of methyl chlorosilanes accounted for the vast majority of its total consumption, closely followed by methyl cellulose. Furthermore, growing application of methylene chloride as a solvent in industries such as pharmaceuticals, and in the production of polymers, fine chemicals, and aerosols among others. Chloroform has leading application in the production of HCFC-22, which is used as a refrigerant, and in the production of fluoropolymers such as ETFE, PTFE, PFA, and FEP. However, increasing regulations and legislation on the use of HCFC-22 as a refrigerant are expected to hamper growth of the global chlorinated methanes market. Although, demand for HFC-32 is expected to increase from end-use industries over the forecast period, which can create growth opportunities for production of methylene chloride.
There are a variety of health risks associated with exposure to chloromethane ranging from intoxication, respiratory illness, and drowsiness to paralysis, coma, and seizures. Among physical symptoms, ingestion can cause vomiting, nausea, and contact with the skin in the form of a refrigerated liquid can result in frostbite. Moreover, animal studies have demonstrated risk of birth defects in mice, although these findings haven’t been replicated in humans, there is still a risk of malformation of legs and pelvis in a human fetus due to prolonged exposure to chloromethane. These factors are expected to restrain demand for chlorinated methanes over the forecast period.
Market Outlook
Owing to increasing demand for solvents from various end use industries, Asia Pacific is expected to emerge as the fastest growing market for chlorinated methanes. Additionally, China has dominated the demand for methylene chloride in the past, and the trend is likely to repeat over the forecast period. Other regions such as South Korea, Japan, and some countries in South Asia are expected to contribute to the market share. Europe is expected to witness the second largest demand for methylene chlorines, with the U.K., German, and France leading the demand. The North America market is expected to grow at a steady rate, particularly due to demand from end-use industries such as pharmaceuticals, paints and coatings, and adhesives in the region.
Key Players
Key manufacturers in the global chlorinated methanes market are The Dow Chemical Company, Alfa Aesar, Akzonobel N.V., Gujarat Alkalies and Chemicals Ltd., Kem One, Tokuyama Corporation, SRF Ltd., Asahi Glass Co. Ltd., Ercros Sa, Ineos Group, Solvay, Shin-Etsu Chemical Co. Ltd., Occidental Chemical Corporation.
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Global Methylene Chloride Market
The report forecast global Methylene Chloride market to grow to reach xxx Million USD in 2019 with a CAGR of xx% during the period 2020-2025 due to coronavirus situation. The report offers detailed coverage of Methylene Chloride industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Methylene Chloride by geography. The report splits the market size, by volume and value, on the basis of application type and geography. First, this report covers the present status and the future prospects of the global Methylene Chloride market for 2015-2024. And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru]. At the same time, we classify Methylene Chloride according to the type, application by geography. More importantly, the report includes major countries market based on the type and application. Finally, the report provides detailed profile and data information analysis of leading Methylene Chloride company.
Key Content of Chapters as follows (Including and can be customized) : Part 1: Market Overview, Development, and Segment by Type, Application & Region Part 2: Company information, Sales, Cost, Margin etc. Part 3: Global Market by company, Type, Application & Geography Part 4: Asia-Pacific Market by Type, Application & Geography Part 5: Europe Market by Type, Application & Geography Part 6: North America Market by Type, Application & Geography Part 7: South America Market by Type, Application & Geography Part 8: Middle East & Africa Market by Type, Application & Geography Part 9: Market Features Part 10: Investment Opportunity Part 11: Conclusion
Market Segment as follows: By Region Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia] Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America[United States, Canada, Mexico] Middle East & Africa[GCC, North Africa, South Africa] South America[Brazil, Argentina, Columbia, Chile, Peru] Key Companies Dow AkzoNobel Shinetsu Gujarat Alkalies & Chemicals Solvay Tokuyama KEM ONE Occidental Petroleum Ercros SRF Mitsuichem Chemeurope Asahi Glass Acros Organics Spectru Mchemical Iris Biotech Lee & Man Chemical Zhejiang Juhua Xiecheng Chemical Juhua Chemical Market by Type Methane Chlorination Process Chloride Methane Chlorination Process Market by Application Halogenated Solvents Pharmaceuticals Metallurgy Others
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Global Methylene Chloride Market : Industry Analysis and Forecast 2018-2026
Global Methylene Chloride Market was valued US$ 1 Bn in 2017 and is estimated to reach US$ 1.5 Bn by 2026 at a CAGR of about 5 % during a forecast period.
The report on “Methylene Chloride Market” is segmented by Application and by region. Based on application Methylene Chloride Market is segmented into paint remover, pharmaceuticals, chemical processing, foam manufacturing, metal cleaning and others. Geographically, methylene chloride market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Abundant demand from paints & coatings and pharmaceutical industry is driving methylene chloride market. High fluorocarbons demand offers an opportunities for the methylene chloride market. Stringent government regulations coupled with substitutes available is anticipated to hamper the growth of the market in the forecast period. Exposure to methylene chloride can cause health problems. American Coatings Association, also restricted the use of methylene chloride and substitute solvent N-methylpyrrolidone (NMP) in paint removal products.
Paints and coatings application segment is leading the methylene chloride market followed by pharmaceutical. However highly volatile nature of methylene chloride may impact on the growth of paint & coating segment owing to mandates of VOCs emission. While pharmaceutical industry witness to grow at high CAGR.
Asia Pacific is dominating the global methylene chloride market. Asia Pacific accounted for 40 % of market share attributed to emergence of new areas of application of the compound, easy availability of the raw material, industrialization in developing countries, increasing production base and increased demand from end users. North America shows a moderate growth. American Coatings Association restricted the use of methylene chloride resulted into drop in growth of methylene chloride in North America.
Key players of methylene chloride market are Solvay S.A., AkzoNobel N.V., The Dow Chemical Company, Gujarat Alkalies and Chemicals Ltd., PPG Industries, Occidental Petroleum Corporation, Eastman Chemical Company, Shin-Etsu Chemical Co. Ltd., 3M, and Asahi Glass Co. Ltd., KEM ONE, Olin Corporation, INEOS Group Holding, PJSC Khimprom, LOTTE Fine Chemical, Tokuyama, KEM ONE, Occidental Petroleum, Ercros, SRF, Mitsuichem, Chemeurope, Asahi Glass, Acros Organics, Spectru Mchemical, Iris Biotech, Lee & Man Chemical, Zhejiang Juhua, Xiecheng Chemical, Juhua Chemical.
Scope of the Global Methylene Chloride Market:
Global Methylene Chloride Market by Application:
• Paint Remover
• Solvent
• Pharmaceuticals
• Chemical Processing
• Foam Manufacturing
• Metal Cleaning
• Others
Global Methylene Chloride Market by Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Global Key Players Analyzed in the Methylene Chloride Market Report:
• Solvay
• AkzoNobel
• Dow Chemical Company
• Gujarat Alkalies and Chemicals Ltd
• PPG Industries
• Occidental Petroleum Corporation
• Eastman Chemical Company
• Shin-Etsu Chemical Co. Ltd
• 3M
• Asahi Glass Co. Ltd
• KEM ONE
• Olin Corporation
• INEOS Group Holding
• PJSC Khimprom
• LOTTE Fine Chemical.
• Tokuyama
• KEM ONE
• Occidental Petroleum
• Ercros
• SRF
• Mitsuichem
• Chemeurope
• Asahi Glass
• Acros Organics
• Spectru Mchemical
• Iris Biotech
• Lee & Man Chemical
• Zhejiang Juhua
• Xiecheng Chemical
• Juhua Chemical
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Methylene Chloride Market Analysis and Insights, Company Profiles with Share, Growth Rate, Product Types and Application, Restraints and Opportunities to 2028
The report delivers the challenges in front of the Methylene Chloride Market that allows the better understanding of the market and provides the lucrative opportunities that are available. Analyst has studied the current market scenario while concentrating on the new business objectives. Report includes change in customer requirements, customer preferences and the vendor landscape in the market.
Methylene Chloride Market Report study provides in detail information to understand the imperative market parts that aligns with the business decision related to raw materials, demand, and production capacity. The analysis provides demands for the future, besides the opportunities that are available for individual. Study focuses on industry chain analysis, upstream and downstream raw material suppliers, key players, production process analysis, cost analysis, market distribution channels and major downstream buyers.
The Methylene Chloride Market Report delivers analysis of various organizations, affiliation and new businesses. Study includes authorized estimations to develop better understanding of the organizations. Report provides the information about Key players in the market, manufacture analysis, market CAGR, production capacity, product segmentation, supplier analysis, trends and forecast. Research furthermore consolidates impact of government regulations and standards over the market.
Research analysis covers historical data from the year 2015 to 2019,In addition to this report considers 2021-28 as the forecast year. This helps manufacturers and clients understand the past trends and analyze the future trend. Competitive development like expansion of the plant, ventures, agreement, and acquisition are discussed in the report.
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Research study on Methylene Chloride Market is based on following regions and countries:
North America
· U.S.A
· Canada
Europe
· France
· Germany
· Spain
· UK
· Rest of Europe
Asia Pacific
· China
· Japan
· India
· South East Asia
Latin America
· Brazil
Middle East and Africa
Methylene Chloride Market Report delivers comprehensive analysis of :
· Challenges and Opportunities
· Emerging and Current market trends
· Market player Capacity, Production, Revenue (Value)
· Market Forecast for 2021-28
· Market growth drivers
· Supply (Production), Consumption, Export, Import analysis
· End user/application Analysis
Key Questions answered by the Methylene Chloride Market Report:
· What is the Base Year for Methylene Chloride Market report?
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· What are the regions analysed in Methylene Chloride Market Report?
· What are the main topics covered in the Methylene Chloride Market Report?
· Is COVID 19 impact on the Methylene Chloride Market included in the report?
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Chloromethane Market Research | Trends, Share, Growth, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2027
Competitive Landscape
The Chloromethane report analyses the degree of competition among the key manufacturers as well as industry growth and market scenario. The global Chloromethane market consist of various players operating in the market including large scale and medium size producers. The key market players operating in the global Chloromethane industry is concentrating towards growth association specifically by Asia Pacific as medium scale and key operating players are from this region specifically from China, South Korea, India, and Japan. Moreover, the company is focusing on enhancing their product portfolio by strategic acquisition and mergers, joint ventures, and exclusive agreements. Some of the companies are expanding their production capacity of chloromethane to meet the growing demand for chloromethane.
Key Players:
The Dow Chemical Company, Asahi Glass Co. Ltd, Gujarat Alkalies and Chemicals Ltd, Alfa Aesar, Akzonobel N.V., Solvay SA, INEOS Group, Tokuyana Corporation, Shin-Etsu Chemical Co., Ltd., Occidental Chemical Corporation among others are some of the prominent players at the forefront of competition in the Global Chloromethane Market and are profiled in MRFR Analysis.
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Chloromethane are chemical compound that belong to a class of organic compound named haloalkanes. They are predominantly used as precursors for the production of silicone polymers and drug manufacturing. Chloromethane market is expected to witness strong growth due to its profound usage in automotive, construction, and medical. Methyl chloride accounted for the largest market share in 2016 and is expected to retain its dominance over the estimated period due to its wide utilization as a solvent in butyl rubber manufacturing & petrol refining, and for the manufacturing of lead-based gasoline additives. However, environmental concerns and shift in preference towards bio-based sources is set to challenge industry participants. On the basis of application, silicone polymers dominated the market in 2016 on account of its wide utilization in various application such as construction, medical, and automotive. Growth of global chloromethane market is predominantly driven by automotive industry. Furthermore, increasing construction activities in developed and developing countries across the globe is predicted to fuel the demand for chloromethane over the estimated period. In addition to this continuous growth of pharmaceutical sector is expected to propel the market growth.
Geographically, Asia Pacific emerged as the leading market for chloromethane followed by North America and Europe in 2016. The Asia Pacific region accounted for largest market share and is estimated to register highest CAGR due to continuous growth of automotive, agrochemical, and pharmaceutical industry specifically in China, India, Japan, Vietnam, Malaysia, and South Korea. Furthermore, In Asia Pacific escalating investments and supporting government regulations is predicted to drive market growth. Furthermore, increasing investment by major companies and shifting of chloromethane manufacturing facilities as well as end use industries expansion in this region is expected to propel the chloromethane regional market growth. North American market is predicted to witness steady growth on account of expansion of personal care and pharmaceutical sector. Europe is expected to witness sluggish growth owing to the stringent regulations associated with industrial toxic gas emission and higher adoption rate of eco-friendly products. Additionally, high adoption rate by the end use industries is estimated to drive the market growth over the forecast period.
Industry/ Innovation/ Related News:
May 2017- AkzoNobel and Gujarat based Atul chemical announced plans to set up a Monochloracetic acid (MCA) plant and the production is expected to commence by 2019. MCA plant is set to start with initial capacity of 32,000 tons per year. With this AkzoNobel strengthen its position in global chloromethane market.
March 2017- GFL is planning to restructure its chemical segment and separate its chemical business into a separate business group.
February 2017- Meghmani Finechem Ltd, a subsidiary of Meghmani Organics Ltd announced to setting up chloromethane plant of 40,000 metric tonne per annum at Dahej, Gujarat. With this expansion, the unit will manufacture chloroform, carbon tetra chloride, and methylene dichloride. The company will be able to meet the growing demand of agrochemical and pharmaceutical for methylene dichloride.
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January 2016- AkzoNobel and Evonik Industries will start production for chlorine and potassium hydroxide solution in Germany. With this joint venture, the company expand its business and strengthen its position in chloromethane market.
November 2016- GACL will set up a chloromethane plant with annual capacity of 105,000 TPA or 315 MT per day at Dahej location. With this expansion the company expand its business and further increase its presence in chloromethane market across the Asia Pacific.
March 2016- The Olin Corporation took the decision to reduce the capacity of chlor alkali capcaity by 433,000 tons across three different locations namely, Henderson, Niagara falls, Freeport. The company will restructure its business segment and will shift their focus on other business areas
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Global Methylene Chloride Market Report – Key Players, Industry Overview And Forecasts To 2027
With the Global Methylene Chloride Market report, it becomes easy to gather Methylene Chloride industry information more quickly. It helps to outline target audiences for the clients before launching any advertising campaign. By utilizing few steps or a number of steps, the process of generating this market research report is started with the expert advice. Analysis on vendors, geographical regions, types, and applications has been carried out very carefully in the report. This Global Methylene Chloride Market report has been structured by a team of multilingual researchers who are expert at different languages with which they efficiently execute market research internationally.
The data and information collected to form this Global Methylene Chloride Market report is usually quite a lot and is also in a complex form which is simplified by the experts for end users. While preparing this Global Methylene Chloride Market report, detailed market analysis has been performed with inputs from industry experts. In addition, market share analysis as well as key trend analysis is the key accomplishing factors in this market report. With this Global Methylene Chloride Market report, business can effectively gain a holistic view of the market and then also benchmark all the companies in the Methylene Chloride industry. This Global Methylene Chloride Market research analysis brings into light a vast market place.
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Market Analysis and Insights: Global Methylene Chloride Market
Methylene chloride or dichloromethane is an odourless and transparent liquid which usually have sweet scent. They are widely used in applications such as pharmaceuticals, metal cleaning, foam manufacturing, chemical processing and others.
Increasing demand for fluorocarbons is expected to enhance the market growth. Some of the other factors such as rising usage solvent in paint & adhesive formulations, easy availability of methylene chloride in the market and growing applications of methylene chloride are expected to drive the methylene chloride market in the forecast period of 2020 to 2027.
Methylene chloride market will reach an estimated valuation of USD 1249.23 million by 2027, while registering this growth at a rate of 4.90% in the forecast period of 2020 to 2027. Growing demand for solvent in automotive & construction industry is expected to create new opportunity for this market.
Rising health concerns associated with the exposure of methylene chloride and strict government regulations is expected to hamper the market growth in the mentioned forecast period.
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Competitive Landscape and Methylene Chloride Market Share Analysis
Methylene chloride market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to methylene chloride market.
The major players covered in the methylene chloride market report are Dow, Nouryon, Akzo Nobel N.V., Shin-Etsu Chemical Co., Ltd., Occidental Petroleum Corporation, 3M, Solvay, KEM ONE, SRF Limited, Lee & Man Chemical Company Limited, Gujarat Fluorochemicals Ltd, Fine Chemicals & Scientific Co., RIDHDHI SIDHDHI CHEMICALS., AGC Chemicals, DHALOP CHEMICALS, ZhengZhou Sino Chemical Co.,Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Methylene Chloride Market Country Level Analysis
Methylene chloride market is analysed and market size, volume information is provided by application as referenced above.
The countries covered in the methylene chloride market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia- Pacific dominates the methylene chloride market in the forecast period of 2020 to 2027 due to growing demand from various end- users and increasing usage in paint degreaser and stripper applications.
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Global Methylene Chloride Market Scope and Market Size
Methylene chloride market is segmented of the basis of application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of applications, the methylene chloride market is segmented into paint remover, pharmaceuticals, chemical processing, foam manufacturing, metal cleaning, solvent and others.
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Chloromethane Market 2020- Trends, Key Players, Overview, Demand, Analysis and Regional Forecast by 2028
Growing demand for chloromethane from the silicone industry is expected to drive the growth of Chloromethane Market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.
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Chloromethane is most widely used in silicon polymer production as well as butyl rubber. The growing chloromethane utility in petroleum refining has also positively impacted the market. Chloromethane, also known as methyl chloride is produced from sulfuric acid, sodium chloride, and methanol mixture. It is an extremely flammable and colorless gas, hence widely used as a chlorinating and methylating agent in organic chemistry.
Segment Analysis
The global chloromethane market is segmented on the basis of its type.
On the basis of type, it is segmented into methyl chloride, chloroform, methylene chloride, and carbon tetrachloride. Methyl chloride is a majorly used product owing to its extensive usage as immediate feedstock for methylene chloride, carbon tetrachloride, and chloroform production. Chloroform which is also known by trichloromethane has witnessed a significant rise in its demand as a result of its comprehensive s such as an early anesthetic in not only dentistry & surgery, in organic separation & synthesis, but also as a precursor in teflon production. Carbon tetrachloride segment has also seen a brisk rise in its growth owing to its potential use as hepatotoxin in scientific research to evaluate liver protective agents.
Key Factors Impacting Market Growth:
Growing demand for chloromethane from the silicone industry
Growth of the sectors such as transportation, automotive, and medical.
Regional Analysis
On the basis of the region, the chloromethane market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.
Asia Pacific and Middle East are expected to register substantial growth in chloromethane market during the forecast period. This demand is with regards to the growth of major types such as Methyl Chloride, Methylene Chloride, Chloroform, Carbon Tetrachloride. Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for chloromethane market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for chloromethane market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.
Companies Covered: The Dow Chemical Company, Tokuyana Corporation, Asahi Glass Co. Ltd., Gujarat Alkalies and Chemicals Ltd., AkzoNobel N.V., Occidental Chemical Corporation, Solvay SA and Shin-Etsu.
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Chloromethane Market | Size, Industry Demand, Trends, Share, Growth, Forecast, Analysis and Overview till 2022
Chloromethane Market Information-by Types (Methylene Chloride, Methyl Chloride, Carbon Tetrachloride, Chloroform), by Application (Pharmaceuticals, Silicone Polymers, Agrochemicals, Chemical intermediate, Personal-Care, Medical, Others) and by Region - Forecast till 2022
The Global Chloromethane is expected to witnessed a significant growth of ~2171.6 million by 2022 with CAGR of ~4.63% between 2016 to 2022.
Chloromethane Market – Overview
Chloromethane are chemical compound that belong to a class of organic compound named haloalkanes. They are predominantly used as precursors for the production of silicone polymers and drug manufacturing. Chloromethane market is expected to witness strong growth due to its profound usage in automotive, construction, and medical. Methyl chloride accounted for the largest market share in 2016 and is expected to retain its dominance over the estimated period due to its wide utilization as a solvent in butyl rubber manufacturing & petrol refining, and for the manufacturing of lead-based gasoline additives. However, environmental concerns and shift in preference towards bio-based sources is set to challenge industry participants.
On the basis of application, silicone polymers dominated the market in 2016 on account of its wide utilization in various application such as construction, medical, and automotive. Growth of global chloromethane market is predominantly driven by automotive industry. Furthermore, increasing construction activities in developed and developing countries across the globe is predicted to fuel the demand for chloromethane over the estimated period. In addition to this continuous growth of pharmaceutical sector is expected to propel the market growth.
Chloromethane Market is expected to witnessed a significant growth of ~2171.6 million by 2022 with CAGR of ~4.63% between 2016 to 2022.
Key Players:
The Dow Chemical Company, Asahi Glass Co. Ltd, Gujarat Alkalies and Chemicals Ltd, Alfa Aesar, Akzonobel N.V., Solvay SA, INEOS Group, Tokuyana Corporation, Shin-Etsu Chemical Co., Ltd., Occidental Chemical Corporation among others are some of the prominent players at the forefront of competition in the Global Chloromethane Market and are profiled in MRFR Analysis.
Competitive Landscape
The Chloromethane report analyses the degree of competition among the key manufacturers as well as industry growth and market scenario. The global Chloromethane market consist of various players operating in the market including large scale and medium size producers. The key market players operating in the global Chloromethane industry is concentrating towards growth association specifically by Asia Pacific as medium scale and key operating players are from this region specifically from China, South Korea, India, and Japan. Moreover, the company is focusing on enhancing their product portfolio by strategic acquisition and mergers, joint ventures, and exclusive agreements. Some of the companies are expanding their production capacity of chloromethane to meet the growing demand for chloromethane.
Industry/ Innovation/ Related News:
May 2017- AkzoNobel and Gujarat based Atul chemical announced plans to set up a Monochloracetic acid (MCA) plant and the production is expected to commence by 2019. MCA plant is set to start with initial capacity of 32,000 tons per year. With this AkzoNobel strengthen its position in global chloromethane market.
March 2017- GFL is planning to restructure its chemical segment and separate its chemical business into a separate business group.
February 2017- Meghmani Finechem Ltd, a subsidiary of Meghmani Organics Ltd announced to setting up chloromethane plant of 40,000 metric tonne per annum at Dahej, Gujarat. With this expansion, the unit will manufacture chloroform, carbon tetra chloride, and methylene dichloride. The company will be able to meet the growing demand of agrochemical and pharmaceutical for methylene dichloride.
January 2016- AkzoNobel and Evonik Industries will start production for chlorine and potassium hydroxide solution in Germany. With this joint venture, the company expand its business and strengthen its position in chloromethane market.
November 2016- GACL will set up a chloromethane plant with annual capacity of 105,000 TPA or 315 MT per day at Dahej location. With this expansion the company expand its business and further increase its presence in chloromethane market across the Asia Pacific.
March 2016- The Olin Corporation took the decision to reduce the capacity of chlor alkali capcaity by 433,000 tons across three different locations namely, Henderson, Niagara falls, Freeport. The company will restructure its business segment and will shift their focus on other business areas
Regions
Geographically, Asia Pacific emerged as the leading market for chloromethane followed by North America and Europe in 2016. The Asia Pacific region accounted for largest market share and is estimated to register highest CAGR due to continuous growth of automotive, agrochemical, and pharmaceutical industry specifically in China, India, Japan, Vietnam, Malaysia, and South Korea. Furthermore, In Asia Pacific escalating investments and supporting government regulations is predicted to drive market growth. Furthermore, increasing investment by major companies and shifting of chloromethane manufacturing facilities as well as end use industries expansion in this region is expected to propel the chloromethane regional market growth. North American market is predicted to witness steady growth on account of expansion of personal care and pharmaceutical sector. Europe is expected to witness sluggish growth owing to the stringent regulations associated with industrial toxic gas emission and higher adoption rate of eco-friendly products. Additionally, high adoption rate by the end use industries is estimated to drive the market growth over the forecast period.
Browse Full Report Summary Followed by TOC @ https://www.marketresearchfuture.com/reports/chloromethane-market-2417
Intended Audience
Chloromethane manufacturers
Traders and distributors of Chloromethane
Types industries
Potential investors
Raw material suppliers
Nationalized laboratory
#Chloromethane Market#Chloromethane Market Size#Chloromethane Market Share#Chloromethane Market 2020
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