The global demand for Methylene Chloride Market is presumed to reach the valuation of nearly USD XXX MN by 2026 from USD XXX MN in 2019 with a CAGR of X.XX% under the study period of 2020 - 2026.
Methylene chloride also called as dichloromethane (DCM) is a colorless solvent with a mild, sweet odor. It is an organochlorine compound with the formula CH2CL2. It can be produced by reacting the chlorine gas in distillation process. It cannot be directly found naturally in the environment. It finds its applications in various industries which include paints & coatings industry, polyurethane foams, metal cleaning, as a blowing agent, and is used to decaffeinate tea & coffee. As a result of methylene chloride’s powerful solvent action and stability, it is used in the extraction of heat sensitive substances such as butter, caffeine, hops, cocoa, and fats. Dichloromethane is used as a real solvent in the extraction of various pharmaceutical compounds and in the production of many antibiotics and vitamins.
The market is growing at a rapid pace attributed to the increase in applications as a solvent in various industries which includes adhesives & sealants, pharmaceuticals, paints & coatings, aerosols, textiles, among others. Methylene chloride is majorly used in paint stripper and degreasers. It offers the risk of many disorders and abnormalities and exposure may occur by contact with skin or inhalation. Additionally it also gives chloroform like effect. These health hazards acts as restraints for the growth of the market. Furthermore, rising demand for fluorocarbons may offer ample opportunities for the methylene chloride market during the forecast period.
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 methylene chloride.
The entire methylene chloride market has been sub-categorized into 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.
- Paint Remover
- Chemical Processing
- Foam Manufacturing
- Metal Cleaning
This section covers regional segmentation which accentuates on current and future demand for methylene chloride 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.
Europe Methylene Chloride Market By Revenue (USD MN)
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 methylene chloride market include Solvay S.A., AkzoNobel N.V., The Dow Chemical Company, Gujarat Alkalies and Chemicals Ltd., PPG Industries, Occidental Petroleum Corporation, Eastman Chemical Company, Shin-Etsu Chemical Co. Ltd., 3M, and Asahi Glass Co. Ltd., KEM ONE, Olin Corporation, INEOS Group Holding, PJSC Khimprom, LOTTE Fine Chemical, Tokuyama, KEM ONE, Occidental Petroleum, Ercros, SRF, Mitsuichem, Chemeurope, Asahi Glass, Acros Organics, Spectru Mchemical, Iris Biotech, Lee & Man Chemical, Zhejiang Juhua, Xiecheng Chemical, Juhua Chemical. 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.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.