Market Research Future published a Half Cooked Research Report on “Global Chloromethane Market Research Report – Forecast to 2022”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022
Market Insights:
Chloromethane is a highly flammable colorless gas which is produced naturally and is used to produce derivatives which have applications across several industry verticals. The Global Chloromethane Market is set to witness average growth at a CAGR of 4.63% during the forecast period of 2016 to 2022. This and other projections have been made in Market Research Future’s(MRFR) latest report on the subject. The Chloromethane Market is poised to reach an approximate evaluation of USD 2171.6 Mn by the end of 2022.
Chloromethane has extensive use in various industries through its derivatives which work as a significant driver as the original compound itself is cheaply and abundantly available. For instance, methyl chloride is used in the production of methylene chloride, carbon tetrachloride, and chloroform. Methylene chloride is used in metal cleaning, as a blowing agent in the form of foam and in the pharmaceutical industry. during the forecast period, a significant driver of note is the growing silicone industry application where Chloromethane derivatives find application in medical and personal care industries. Used in silicone polymer production, chloromethane demand has increased significantly along with the rapid growth faced by the various end-use industries that use the compound; these include automotive,personal care and electronics.
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Due to the toxicity of Chloromethane, there are stringent government regulations in place with regards to storage, usage, handling and various environmental issues, thus hindering market growth. However, without a cheaper and more efficient alternate available, the market is expected to grow. New applications for Chloromethane gas and its derivatives is expected to lead to market expansion opportunities.
Latest Industry News:
Increasing demand Akzonobel to announce expansion plans of Chloromethane production in Germany. The work on the expansion in the Frankfurt site is expected to continue over the next five years and raise the total capacity of the site by 50%.
Key Players:
The Competitive Landscape of the Global Chloromethane Market includes several key players who have been analyzed in MRFRs market report in an effort to offer a comprehensive view of the market. Prominent market players include The Dow Chemical Company, Asahi Glass Co. Ltd., Gujarat Alkalies and Chemicals Ltd, Alfa Aesar, and Akzonobel. Other important players of note include Solvay SA, Occidental Chemical Corporation, Tokuyana Corporation, Shin-Etsu Chemical Co. Ltd., INEOS Group, and others.
Market Segmentation:
The Global Chloromethane Market is segmented on the basis of Types, Application, and Region.
By Types, the market is segmented into methylene chloride, methyl chloride, carbon tetrachloride, and chloroform. Methyl chloride is the largest segment due to its extensive use in the burgeoning pharmaceutical and medical industries.
By Application, the market is segmented into pharmaceuticals, silicone polymers, agrochemicals, Chemical intermediate, personal care, medical, and others. The silicone polymers application segment possesses the largest share of the market due to the extensive use of chloromethane in silicone polymers which are in turn facing high demand from the automotive, personal care and electronics industries.
By Region, the global market is segmented into North America, Europe, Asia-Pacific and Rest of the World.
Regional Analysis:
Globally, the market is led by the Asia-Pacific. End-user industries such as pharmaceuticals and silicon polymers are growing at a rapid pace in this region. Growing rapidly as an industrial hub, the region has many manufacturing plants across for various industries, including those which extensively use Chloromethane. Moreover, there are many leading market players in the region which contribute to its leading position. China leads growth due to the presence of several large-scale industrial units. Moreover, the lenient regulations in the region and rising disposable incomes have led to a high demand for end-use products which use Chloromethane.
Browse Key Industry Insights spread across 145 pages with 34 market data tables & 11 figures & charts from the report, ” Chloromethane Market Information: By Types (Methylene Chloride, Methyl Chloride, Carbon Tetrachloride, Chloroform), by Application (Pharmaceuticals, Silicone Polymers, Agrochemicals, Chemical intermediate, Personal-Care, Medical, Others) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2022” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/chloromethane-market-2417
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