Regulatory Impact on Chloromethane Market Dynamics Across Europe and Asia
The global chloromethane industry size is expected to reach a valuation of USD 9640.5 million by 2034, with the demand growing at a standard CAGR of 5.2% from 2024 to 2034. Heightened demand for silicone elastomers across different industrial verticals, particularly from the automotive and construction industries, is expected to facilitate the growth of the chloromethane market during the forecast period. Chloromethane is used as a chemical intermediate to produce derivatives like chloroform, methylene chloride, and carbon tetrachloride. The chemical is also used in the production of silicone. With rapid industrialization taking place across the globe, the demand for these derivates of chloromethane- chloroform, methylene chloride, and carbon tetrachloride -is expected to rise which, in turn, will augur well for the target market. Furthermore, as chloromethane is also used to produce silicone, the demand for chloromethane will likely continue to rise in the automobile and electro...