Owing to the growing demand for a chemical intermediate, particularly across the oil and gas industry, the global chloromethane market is experiencing substantial growth. The chloromethane market value stood at $2,115 million in 2018, as per a new business intelligence report by IndustryARC, and the demand is projected to grow at a compound annual growth rate (CAGR) of 3.90% during the forecast period of 2019 to 2025.

The IndustryARC report is titled “Chloromethane Market: By Product Type (Methyl Chloride, Methylene Chloride, Chloroform, Carbon Tetrachloride), By Application (Refrigerant, Industrial Solvent, Silicone Polymers, Laboratory Chemicals, Chemical Intermediates, Methylating & Chlorinating Agent, Propellant & Blowing Agent, Catalyst Carrier, Herbicide, Local Anesthetic), By End-User Industry (Adhesives & Sealants Industry, Automotive Industry, Construction Industry, Pharmaceutical Industry, Agrochemicals Industry, Textile Industry, paints & Coatings Industry, Personal Care Products Industry, Plastics & Rubber Industry), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Forecast (2019-2025).” The report also identifies that the increasing demand from the silicon and pharmaceutical sectors will further augment the demand in the chloromethane market.

Global Chloromethane Market: Leading Segments

APAC is gauged to be leading the global chloromethane market demand, driven primarily by China and India. The major factor affecting growth is the increased output in various industries such as chemical and pharmaceutical with minimal government regulations. In 2018, the APAC chloromethane market generated 42% of the global demand, as per the evaluations of the IndustryARC report.

Furthermore, the perceptible increase in the pharmaceutical sector is the key application segment in the chloromethane market as cited by IndustryARC’s analyst. The opportunities in the chloromethane market in the pharmaceutical sector are set to grow at a CAGR of 5.66% during the aforementioned forecast period.

Global Chloromethane Market: Market Trends and Growth Drivers     

·         Chloromethane is the most common and widely used chemical such as silicone polymers, which is majorly used in paints and coatings and textile industry. The rising use of chloromethane in the production processes of various chemicals is the most important factor that boosts up the demand of chloromethane market.

·         According to European Southern Observatory, a team of astronomers has found faint traces of methyl chloride and chloromethane around infant stars systems and the famous comet in the solar system. This is the first detection of an organohalogen. This a new start for organic chemistry on our planet. [1] 

·         The demand for chloromethane is growing tremendously globally. AkzoNobel, a chemical company, has decided to enter the designing phase of expansion in Germany for producing chloromethane owing to the huge demand of it, especially in Europe. Chloromethane is a key ingredient in the manufacturing of electronics and pharmaceuticals. The next plan is to increase the production of chloromethane facilities.

Global Chloromethane Market: Competitive Landscape

Some of the key companies identified in the report that are currently holding majority shares in the global chloromethane market are Asahi Glass Co. Ltd., AkzoNobel N.V., Gujarat Alkalies and Chemicals Ltd., The Dow Chemical Company, Solvay S.A.,INEOS Group, Solvay and Tokuyama Corporation, Shin-Etsu Chemical Co. Ltd., Ercros S.A., Alfa Aesar, Occidental Chemical Corporation, Kem One and SRF Ltd.

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What can you expect from the report?

The chloromethane market is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue &                                                                                                      Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape                                                                                                         Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

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