Global Chloromethanes Market
Market Size in USD Billion
CAGR :
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 Forecast Period |
2023 –2029 |
 Market Size (Base Year) |
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 Market Size (Forecast Year) |
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 CAGR |
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| Major Markets Players |
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Global Chloromethanes Market, By Product (Methylene Chloride, Methyl Chloride, Carbon Tetrachloride, Chloroform, Others), Application (Refrigerant, Industrial Solvent, Silicone Polymers, Laboratory Chemicals, Chemical Intermediates, Methylating and Chlorinating Agent, Propellant and Blowing Agent, Catalyst Carrier, Herbicide, Local Anesthetic, Adhesives and Sealants, Others), End-User (Pharmaceutical, Agrochemicals, Textile, Automotive, Construction, Paints and Coatings, Personal Care Products, Plastics and Rubber, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Chloromethanes Market
Data Bridge Market Research analyses the chloromethanes market will exhibit a CAGR of 5.4% for the forecast period of 2022-2029.
Chloromethane is a methane derivative that is very combustible, poisonous, colourless, and has a slight pleasant odour. The chemical reaction between hydrogen chloride and methanol produces it. Under its vapor pressure, it is delivered as a liquid. Chloromethane was once employed as a refrigerant, but it was phased out due to its toxicity and flammability. This is widely employed in the production of active medicinal compounds and silicone, as well as in other chemical applications.
The rise demand for chemical industries will influence the growth rate of the chloromethanes market. The surging demand for silicone elastomers in various end-use industries including construction, elective and automotive and surging demand for tire replacements from emerging nations are the key elements driving market expansion. The chloromethanes market is also being driven by factors such as the increasing urbanization and rising use of silicone in personal and medical applications. Furthermore, increase in the sale of passenger vehicles and growing affordability will enhance the growth rate of chloromethanes market. Also, the growing demand for silicone polymers in automotive industry due to the lightweight vehicle and will act as a major factor influencing the growth of chloromethanes market.
Moreover, rising focus on R&D activities towards developing innovative techniques utilized for producing chloromethanes will create beneficial opportunities for the growth of the chloromethanes market. Additionally, increasing demand or perishable foods from consumers, technical innovations and international trade of fresh food products will provide lucrative opportunities for market’s growth.
However, fluctuation in the prices of raw material will hamper the chloromethanes market’s growth rate. Also, high toxicity levels and environment problems linked with the use of chloromethanes such as confusion, drowsiness and breathing difficulties will further pose challenges to the growth of chloromethanes market. The impact of COVID-19 pandemic on supply chain and strict government road safety rules will act as market restrains and further impede the growth rate of chloromethanes market.
This chloromethanes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on chloromethanes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Chloromethanes Market Scope and Market Size
The chloromethanes market is segmented on the basis of product, end-user and 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 market.
- On the basis of product, the chloromethanes market is segmented into methylene chloride, methyl chloride, carbon tetrachloride, chloroform and others.
- On the basis of application, the chloromethanes market is segmented into refrigerant, industrial solvent, silicone polymers, laboratory chemicals, chemical intermediates, methylating and chlorinating agent, propellant and blowing agent, catalyst carrier, herbicide, local anesthetic, adhesives and sealants and others.
- Based on end-user, the chloromethanes market is segmented into pharmaceutical, agrochemicals, textile, automotive, construction, paints and coatings, personal care products, plastics and rubber and others.
Chloromethanes Market Country Level Analysis
The chloromethanes market is analysed and market size, volume information is provided by country, product, end-user and application as referenced above.
The countries covered in the chloromethanes 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 chloromethanes market and will continue to flourish its trend of dominance due to the rapid urbanization, growth of end-use industries, increase in middle-class population and high disposable income in this region. Europe is expected to grow during the forecast period of 2022-2029 due to the rising production of eco-friendly products in this region.
The country section of the chloromethanes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Chloromethanes Market Share Analysis
The chloromethanes 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 chloromethanes market.
Some of the major players operating in the chloromethanes market are Gujarat Alkalies and Chemical Limited, INEOS, KEM ONE, Occidental Petroleum Corporation, Shin-Etsu Chemical Co., Ltd., Solvay, SRF Limited, Tokuyama Corporation, Siemens, Dow, Akzo Nobel N.V, Merck KGaA, Thermo Fisher Scientific Inc., TCI Chemicals (India) Pvt. Ltd., Nouryon - Chamber of Commerce, Ercros S.A, and AGC Inc., among others.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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