Press release
Methylene Chloride Market Overview, Growth Drivers, Opportunities and Key Players - AkzoNobel, Eastman Chemical Company, Asahi Glass Co., Ltd., KEM ONE, Olin, INEOS, Occidental Petroleum Corporation, Shin-Etsu Chemical, Khimprom PJSC & Lotte Chemical
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The demand of this compound as an auxiliary blowing agent is on the rise. It gives softer foam as compared to materials blown to the same density with water. For example, it is widely used in place of fluorocarbon as a blowing agent for the production of flexible slabstock polyurethane foam in the bedding and furniture industry.
On the basis of application, the methylene chloride market is segmented into pharmaceuticals, food and beverages, paints and varnishes, metal cleaning, chemical and foam manufacturing, and others. Chemical and foam manufacturing has been the leading application category, attributed to its growing demand due to its superior blowing performance and wide use in specialty chemical formulations.
Globally, Asia-Pacific has been recording the highest revenue in the methylene chloride market. This is attributed to the increasing population and infrastructural growth in the region. The demand of this compound as an auxiliary blowing agent is on the rise. It gives softer foam as compared to materials blown to the same density with water.
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Some of the major players in the methylene chloride industry are Akzo Nobel N.V, Eastman Chemical Company, Asahi Glass Co. Ltd., KEM ONE, Olin Corporation, INEOS Group Holding S.A, Occidental Petroleum Corporation, Shin-Etsu Chemical Co. Ltd., PJSC Khimprom, and LOTTE Fine Chemical.
Global Methylene Chloride Market Segmentation
By Application
Pharmaceuticals
Food and Beverages
Paints and Varnishes
Metal Cleaning
Chemical and Foam Manufacturing
Others
By Region
North America
U.S.
Canada
Europe
France
Germany
Spain
U.K.
Rest of Europe
Asia-Pacific (APAC)
China
India
Japan
Indonesia
South Korea
Pakistan
Rest of APAC
Rest of the World (RoW)
Brazil
Mexico
South Africa
Rest of RoW
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