Press release
Methylene Chloride Market Insights on Trends, Drivers and Opportunities by 2021 & key players - Gujarat Alkalies and Chemicals Ltd., Dow Chemical, Shin-Etsu Chemical Co., AkzoNobel N.V., Occidental Chemicals Corporation, INEOS.
Methylene Chloride Market was valued at USD 1854 Million in 2016 and projected to reach USD 2475 Million by 2021 growing at a CAGR of 5.1% during the forecast period 2017 to 2021.
Methylene Chloride Market Overview:
Methylene chloride is also known as dichloromethane (DCM) that can be made by reaction with chlorine gas in a distillation process. Methylene chloride is not found naturally in the environment. It is used in various industrial processes such as pharmaceuticals, aerosols, paints and coatings, textiles, adhesives and solvents. Methylene chloride is also used in the beverage industry to decaffeinate tea and coffee. Due to the strength and stability of the solvent, it is used in the extraction of natural substances sensitive to heat such as caffeine, butter, hops, fats and cocoa. It is used as an effective solvent in the extraction of various pharmaceutical compounds and in the production of many vitamins and antibiotics.
Browse details of 162 number of pages research report developed on Methylene Chloride Market @ https://www.researchcosmos.com/reports/global-methylene-chloride-market-research-report-2017-industry-overview-trends-analysis-and-futu/5016067
Methylene Chloride Market Growth Drivers and Restraints:
The global market for methylene chloride is growing rapidly due to its growing number of applications as a solvent in various industries such as pharmaceuticals, adhesives and sealants, paints and coatings, textiles and aerosols, among others. It is also used in cleaners and degreasers. Prolonged exposure to methylene chloride poses the risk of many disorders and abnormalities, which can occur through skin contact or through inhalation.
Methylene chloride gives an effect similar to chloroform. These health risks are holding back the growth of the global market. The growing demand for fluorocarbons could offer enormous opportunities for the methylene chloride market in the future.
Geographic Insights of Methylene Chloride Market:
The Asia-Pacific region dominated the global market due to growing demand from several end user industries. China is expected to register the highest growth in the region, followed by India. The Chinese market for methylene chloride is mainly related to the growing demand for degreasing and paint pickling applications. The market is strongly regulated in developed countries such as Europe due to its growing concern about industrial gas emissions. Therefore, the market of developed countries is experiencing stagnant growth.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/global-methylene-chloride-market-research-report-2017-industry-overview-trends-analysis-and-futu/5016067
Key Market Players of Methylene Chloride Market:
Gujarat Alkalies and Chemicals Ltd., Dow Chemical, Shin-Etsu Chemical Co., AkzoNobel N.V., Occidental Chemicals Corporation, INEOS, and 3M are some of the prominent players of the global methylene chloride market.
Methylene Chloride Market Key Segmentation:
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
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