The global demand for Chloromethane Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Chloromethane or methyl chloride is a haloalkane used in many industrial applications but rarely in consumer goods. It is a vital commercial chemical. This haloalkane is an important raw material in the construction, automotive and silicone production industry. It is also used in agrochemicals, cookware, water treatment plants and dyes. A very small percentage is used in butyl rubber production as a solvent. An important product of chloromethane i.e. chloroform is used in the manufacture of catheters and syringes as well as a refrigerant. It is also commonly used as an anaesthetic.
The demand for chloromethane as a chemical intermediate will be the main driving force behind the growth of its market. Increased use of this chemical in the silicon industry will boost demand. The amplified research and development activities carried out in the use of this commercial chemical across various industries like automotive, personal care, as a solvent in the chemical industry, refinery, butyl rubber will further propel market COVID-19 pandemic will probably stall this market for a while due to reduced industrial activities because of the lockdown. The main restraining factor for the growth of the chloromethane market is the health hazards associated with the chemical, which can be a cause for even neurological disorders.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of chloromethane.
The entire chloromethane market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Methylene chloride
- Carbon Tetrachloride
- Silicone polymers,
- Personal care
- Chemical intermediate
This section covers regional segmentation which accentuates on current and future demand for chloromethane market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Chloromethane Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the chloromethane market include Solvay S.A., Ercros S.A., INEOS Group, AkzoNobel N.V., The Dow Chemical Company, Alfa Aesar, Tokuyana Corporation, Asahi Glass Co. Ltd., Gujarat Alkalies and Chemicals Ltd., Occidental Chemical Corporation, Shin-Etsu, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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