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At a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030, the size of the global chloromethane market is expected to rise from $4.99 Billion in 2022 to $7.69 Billion.
The chloromethane market exists to supply the growing demand for this chemical from numerous manufacturing sectors. There are several different chemicals that rely on chloromethane as a raw ingredient, including silicone polymers, methyl cellulose, and quaternary ammonium compounds. It is used as a solvent in numerous industries, including the pharmaceutical, agricultural chemical, and chemical synthesis industries. The goal of the market is to guarantee a consistent supply of chloromethane to suit these various industrial demands. The widespread usage of chloromethane in silicone polymer manufacturing is a key factor propelling the market forward. The expansion of the market has been fueled in large part by the expanding use of silicone-based goods in industries like transportation, building, and consumer electronics.
The expansion of existing uses and the rising need for agrochemicals and pharmaceuticals paint an optimistic picture for the industry. Additionally, the emphasis on green manufacturing and the introduction of eco-friendly alternatives provide openings for creativity and business growth. The worldwide chloromethane market is here to supply the growing demand from a wide range of end-user sectors. Demand for silicone polymers and foam manufacturing are pushing the sector forward despite environmental concerns and restrictions that could slow them down. Opportunities can be found in the expanding fields of agrochemicals and pharmaceuticals, as well as in the research and development of environmentally friendly substitutes. Understanding the characteristics and trends of this industry is essential for making educated decisions, and market insights and analysis play a significant role in this regard.
Market Segmentation of the Chloromethane Industry
Methylene chloride, or dichloromethane, held 65.8% of the global chloromethane market in 2017. Its primary use is as a chemical intermediary in the manufacture of polyurethane foams, adhesives, and aerosols, and it is also employed as an industrial solvent. Due to its severe toxicity, however, the EPA in the United States has prohibited its use in any paint strippers sold to the general public. In spite of this limitation, the demand for methylene chloride from sectors including the pharmaceutical, transportation, and food & beverage industries is anticipated to drive the expansion of this market.
From 2023 to 2030, the carbon tetrachloride market is expected to grow at a CAGR of 3.4%. Carbon tetrachloride is used as a precursor in the production of numerous products, including those used in the refrigeration, cleaning, and fire protection industries. However, the refrigerant business is where it finds its most significant use. There will be more of a need for refrigerants as a result of the rising global temperature and the increased disposable income in emerging economies. Air conditioners, chillers, and mobile air conditioning systems frequently use refrigerants based on chloromethane.
Market Segmentation of Chloromethane by End-Use
The largest proportion of the worldwide chloromethane market is in the refrigerant application. The need for efficient cooling solutions in a warming world has increased the need for refrigerants. Air conditioners, chillers, and mobile air conditioning systems frequently use refrigerants based on chloromethane. Chloromethane's superior thermodynamic properties make it a top pick for high-performance cooling and heat transfer systems. Therefore, the refrigeration industry accounts for a sizable share of the market, guaranteeing a constant need for chloromethane.
The silicone polymers submarket of the chloromethane market is projected to grow at the highest rate. Silicone polymers have several uses in many fields, including transportation, building, electronics, and medicine. Chloromethane is an essential component in the manufacturing of silicone polymers. Silicone polymers are in high demand because to their many useful features. These include high thermal stability, flexibility, and resilience to harsh conditions. In order to produce silicone polymers, a large number of businesses are predicted to rapidly increase their demand for chloromethane. In turn, this boosts the silicone polymers submarket of the chloromethane industry.
Strategic Market Shifts
One notable trend in the chloromethane market was a shift toward more environmentally friendly options. Greener alternatives to chloromethane, like hydrofluoroolefins (HFOs) and hydrofluorocarbons (HFCs), were investigated by market participants and manufacturers. These options conform to environmental rules and sustainability goals since they have a lower global warming potential (GWP) and less of an effect on the ozone layer.
Another key development in the chloromethane industry has been the rising value placed on technological progress and new methods of production. Companies have spent money on R&D to better their manufacturing processes, increase their efficiency, and lessen their negative effects on the environment. There have been efforts to optimize chloromethane production processes and reduce energy consumption by, for instance, investigating improvements in catalytic processes and new reactor designs.
Report Coverage
Global Chloromethane research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Chloromethane report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Chloromethane competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Chloromethane market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Chloromethane market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Chloromethane market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
INEOS Group Holdings (UK), Dow Chemical Company (US), Occidental Petroleum Corporation (US), Asahi Glass Co. Ltd. (Japan), Tokuyama Corporation (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), Gujarat Alkalies and Chemicals Limited (India), Kem One (France), SRF Limited (India), Akzo Nobel N.V. (Netherlands), Ercros S.A. (Spain), Gujarat Fluorochemicals Limited (India), AGC Inc. (Japan), Kanto Denka Kogyo Co., Ltd. (Japan), Occidental Chemical Corporation (US), Solvay S.A. (Belgium), Gujarat Narmada Valley Fertilizers & Chemicals Limited (India), Chemours Company (US), Tosoh Corporation (Japan), PPG Industries, Inc. (US)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Chloromethane market based on the below-mentioned segments:
Global Chloromethane Market, By Type
Methylene Chloride
Methyl Chloride
Carbon Tetrachloride
Chloroform
Others
Global Chloromethane market, By Application
Refrigerant
Industrial Solvent
Silicone Polymers
Laboratory Chemicals
Chemical Intermediates
Methylating & Chlorinating Agent
Propellant & Blowing Agent
Catalyst Carrier
Herbicide
Local Anesthetic
Adhesives and Sealants
Others
Global Chloromethane market, Regional Analysis
The chloromethane market exists to supply the growing demand for this chemical from numerous manufacturing sectors. There are several different chemicals that rely on chloromethane as a raw ingredient, including silicone polymers, methyl cellulose, and quaternary ammonium compounds. It is used as a solvent in numerous industries, including the pharmaceutical, agricultural chemical, and chemical synthesis industries. The goal of the market is to guarantee a consistent supply of chloromethane to suit these various industrial demands. The widespread usage of chloromethane in silicone polymer manufacturing is a key factor propelling the market forward. The expansion of the market has been fueled in large part by the expanding use of silicone-based goods in industries like transportation, building, and consumer electronics.
The expansion of existing uses and the rising need for agrochemicals and pharmaceuticals paint an optimistic picture for the industry. Additionally, the emphasis on green manufacturing and the introduction of eco-friendly alternatives provide openings for creativity and business growth. The worldwide chloromethane market is here to supply the growing demand from a wide range of end-user sectors. Demand for silicone polymers and foam manufacturing are pushing the sector forward despite environmental concerns and restrictions that could slow them down. Opportunities can be found in the expanding fields of agrochemicals and pharmaceuticals, as well as in the research and development of environmentally friendly substitutes. Understanding the characteristics and trends of this industry is essential for making educated decisions, and market insights and analysis play a significant role in this regard.
Market Segmentation of the Chloromethane Industry
Methylene chloride, or dichloromethane, held 65.8% of the global chloromethane market in 2017. Its primary use is as a chemical intermediary in the manufacture of polyurethane foams, adhesives, and aerosols, and it is also employed as an industrial solvent. Due to its severe toxicity, however, the EPA in the United States has prohibited its use in any paint strippers sold to the general public. In spite of this limitation, the demand for methylene chloride from sectors including the pharmaceutical, transportation, and food & beverage industries is anticipated to drive the expansion of this market.
From 2023 to 2030, the carbon tetrachloride market is expected to grow at a CAGR of 3.4%. Carbon tetrachloride is used as a precursor in the production of numerous products, including those used in the refrigeration, cleaning, and fire protection industries. However, the refrigerant business is where it finds its most significant use. There will be more of a need for refrigerants as a result of the rising global temperature and the increased disposable income in emerging economies. Air conditioners, chillers, and mobile air conditioning systems frequently use refrigerants based on chloromethane.
Market Segmentation of Chloromethane by End-Use
The largest proportion of the worldwide chloromethane market is in the refrigerant application. The need for efficient cooling solutions in a warming world has increased the need for refrigerants. Air conditioners, chillers, and mobile air conditioning systems frequently use refrigerants based on chloromethane. Chloromethane's superior thermodynamic properties make it a top pick for high-performance cooling and heat transfer systems. Therefore, the refrigeration industry accounts for a sizable share of the market, guaranteeing a constant need for chloromethane.
The silicone polymers submarket of the chloromethane market is projected to grow at the highest rate. Silicone polymers have several uses in many fields, including transportation, building, electronics, and medicine. Chloromethane is an essential component in the manufacturing of silicone polymers. Silicone polymers are in high demand because to their many useful features. These include high thermal stability, flexibility, and resilience to harsh conditions. In order to produce silicone polymers, a large number of businesses are predicted to rapidly increase their demand for chloromethane. In turn, this boosts the silicone polymers submarket of the chloromethane industry.
Strategic Market Shifts
One notable trend in the chloromethane market was a shift toward more environmentally friendly options. Greener alternatives to chloromethane, like hydrofluoroolefins (HFOs) and hydrofluorocarbons (HFCs), were investigated by market participants and manufacturers. These options conform to environmental rules and sustainability goals since they have a lower global warming potential (GWP) and less of an effect on the ozone layer.
Another key development in the chloromethane industry has been the rising value placed on technological progress and new methods of production. Companies have spent money on R&D to better their manufacturing processes, increase their efficiency, and lessen their negative effects on the environment. There have been efforts to optimize chloromethane production processes and reduce energy consumption by, for instance, investigating improvements in catalytic processes and new reactor designs.
Report Coverage
Global Chloromethane research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Chloromethane report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Chloromethane competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Chloromethane market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | INEOS Group Holdings (UK), Dow Chemical Company (US), Occidental Petroleum Corporation (US), Asahi Glass Co. Ltd. (Japan), Tokuyama Corporation (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), Gujarat Alkalies and Chemicals Limited (India), Kem One (France), SRF Limited (India), Akzo Nobel N.V. (Netherlands), Ercros S.A. (Spain), Gujarat Fluorochemicals Limited (India), AGC Inc. (Japan), Kanto Denka Kogyo Co., Ltd. (Japan), Occidental Chemical Corporation (US), Solvay S.A. (Belgium), Gujarat Narmada Valley Fertilizers & Chemicals Limited (India), Chemours Company (US), Tosoh Corporation (Japan), PPG Industries, Inc. (US) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Chloromethane Market from 2021 to 2030.
- Market Forecast for Chloromethane Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Chloromethane competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Chloromethane
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Chloromethane market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Chloromethane market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
INEOS Group Holdings (UK), Dow Chemical Company (US), Occidental Petroleum Corporation (US), Asahi Glass Co. Ltd. (Japan), Tokuyama Corporation (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), Gujarat Alkalies and Chemicals Limited (India), Kem One (France), SRF Limited (India), Akzo Nobel N.V. (Netherlands), Ercros S.A. (Spain), Gujarat Fluorochemicals Limited (India), AGC Inc. (Japan), Kanto Denka Kogyo Co., Ltd. (Japan), Occidental Chemical Corporation (US), Solvay S.A. (Belgium), Gujarat Narmada Valley Fertilizers & Chemicals Limited (India), Chemours Company (US), Tosoh Corporation (Japan), PPG Industries, Inc. (US)
Primary Target Market
- Market Players of Chloromethane
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Chloromethane market based on the below-mentioned segments:
Global Chloromethane Market, By Type
Methylene Chloride
Methyl Chloride
Carbon Tetrachloride
Chloroform
Others
Global Chloromethane market, By Application
Refrigerant
Industrial Solvent
Silicone Polymers
Laboratory Chemicals
Chemical Intermediates
Methylating & Chlorinating Agent
Propellant & Blowing Agent
Catalyst Carrier
Herbicide
Local Anesthetic
Adhesives and Sealants
Others
Global Chloromethane market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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