According to Stratistics MRC, the Global Chloromethane Market is accounted for $4.80 billion in 2020 and is expected to reach $8.19 billion by 2028 growing at a CAGR of 6.9% during the forecast period. Rising demand for silicone elastomers across various end-use industries and chloromethane’s ability to act as a chemical intermediate in drugs are the factors driving the market growth. However, its high toxicity level and neurological defects are hampering the growth of the market.
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By geography, Asia Pacific is going to have high growth during the forecast period as the Asia Pacific accounts for the largest market for chloromethane on account of minimal regulations and rising industrial activities such as pharmaceuticals. Moreover, significant population demand and improving infrastructure are also expected to contribute to the growth of the market. Various emerging and developed economies such as China, India and Japan are anticipated to witness significant growth on account of high-growth potential for chemical intermediates, foam blowing agents and pharmaceuticals.
Some of the key players profiled in the Chloromethane Market include Dow Chemical Company, Asahi Glass Co. Ltd., Gujarat Alkalies and Chemicals Ltd, Solvay SA, Tokuyana Corporation, Occidental Chemical Corporation, Akzonobel N.V., AGC Chemicals Ltd., Shin-Etsu Chemical Co. Ltd., Alfa Aesar, INEOS Group, Krunal Acid Agency, Spectrum Chemical Manufacturing Corp., The Sanmar Group, SRF Limited and Gujarat Fluorochemicals Limited.
Types Covered:
• Methylene Chloride
• Methyl Chloride
• Carbon Tetrachloride
• Chloroform (Trichloromethane)
Grades Covered:
• Fluorocarbon Grade
• Alcohol Stabilized Grade
• Technical Grade
Applications Covered:
• Silicone Polymers
• Chemical Intermediate
• Refrigerant
• Industrial Solvent
• Laboratory Chemicals
• Methylating & Chlorinating Agent
• Propellant & Blowing Agent
• Catalyst Carrier
• Herbicide
• Local Anesthetic
• Adhesives and Sealants
• Foam Blowing
• Metal Cleaning
Manufacturing Processes Covered:
• Methanol Route
• Methane Route
End Users Covered:
• Pharmaceuticals & Medical
• Agrochemicals
• Textile
• Automotive
• Construction
• Paints & Coatings
• Personal Care Products
• Plastics & Rubber
• Agricultural Products
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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