Chloromethane Market Size, Share, Demand & Trends by 2032
Chloromethane Market forecasted to registering 5.2% CAGR during the forecast period (2022-2032) and projected to reach US$ 8.8 Billion by 2032. Growth of the electronics and automotives market is expected to be one of the primary factors driving the silicones market which in turn is expected to augment the demand for chloromethane over the next few years. In addition, rapid industrialization is expected to fuel the demand for derivatives of chloromethane such as chloroform, methylene chloride and carbon tetrachloride.
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Chloromethane, which is also known as methyl chloride,
is a group of organic compounds. It is a toxic, colorless chemical compound
which has a mildly sweet odor and is highly flammable. Chloromethane is
naturally produced by the effect of sunlight on biomass and chlorine present in
sea foam. Commercially, chloromethane is manufactured by the chemical reaction
between hydrogen chloride and methanol. Traditionally, chloromethane was widely
used as a refrigerant. However, owing to its high toxicity levels, the use of
this chemical has been banned in consumer products. Presently, it is used as a
chemical intermediate to manufacture derivative products such as chloroform,
methylene chloride and carbon tetrachloride. In addition, it is used in the
manufacture of silicone.
Some of the key participants present in the global
chloromethane market include AkzoNobel N.V., Asahi Glass Co. Ltd., Dow Chemical
Company, Gujarat Alkalies & Chemicals Ltd., Ineos, Solvay S.A., Shin-Etsu
Chemical Co. Ltd., Solvay and Tokuyama Corporation among others.
The report covers exhaustive analysis on:
- Market
Segments
- Market
Dynamics
- Market
Size & Forecast 2015 -2025
- Supply
& Demand Value Chain
- Current
Trends/Issues/Challenges
- Competition
& Companies involved
- Technology
- Value
Chain
- Market
Drivers and Restraints
However, the high toxicity levels of this chemical is
expected to hamper the growth of the market as there are stringent regulations
present regarding the storage, handling, usage and wastage. Rising demand for
chloromethane in BRICS is expected to open opportunities for the growth of the
market in the near future.
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Asia Pacific was the largest market for chloromethane
and the trend is expected to continue into the forecast period owing to rapid
industrialization in this region. Growing demand for electronics and
automotives are indirectly expected to augment the chloromethane market. In
addition, developing economies of South America and Africa are expected to show
significant growth in demand for this chemical over the next few years.
This research report presents a comprehensive
assessment of the market and contains thoughtful insights, facts, historical
data and statistically-supported and industry-validated market data and
projections with a suitable set of assumptions and methodology. It provides
analysis and information by categories such as market segments, regions,
product types and distribution channels.
Key Segments Profiled in the Chloromethane
Industry Survey
Product Type:
- Methyl
Chloride
- Methylene
Chloride
- Carbon
Tetrachloride
- Chloroform
Application:
- Silicones
- Agriculture
Chemicals
- Pharmaceuticals
- Chemical
Intermediate
- Personal
Care
- Other
Applications
Region:
- North
America
- Latin
America
- Western
Europe
- Eastern
Europe
- APEJ
- Japan
- Middle
East & Africa
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