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Chloromethane Market 2020 to observe tremendous gains upto 2026 | Key Players are Solvay, Ercros, INEOS Group, AkzoNobel, Dow, Alfa Aesar
Chloromethane Market
o Chloromethane market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026.
o Major chloromethane industry trends, technology evolution, economic indicators and business challenges.
o Regulatory and geopolitical trends impacting the industry.
o Business drivers and pitfalls impacting key regional markets.
o Competitive landscape of the industry and detailed profiles on the major companies.
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Elevating demand for silicone elastomers across myriad end user industries including automotive, construction, and others is driving the global chloromethane market size. Besides, rapid industrialization, expanding electronic sector, and improved quality of living are also boosting the market dynamics over 2020-2026.
Carbon tetrachloride segment held a major share in the overall chloromethane market over the past few years. It was considered to be an essential commercial chemical used as a primary solvent to produce other chemicals. This compound was once extensively used a dry cleaning agent, grain fumigant, and fire extinguisher. It was also abundantly used to make propellants for aerosol cans and refrigeration fluid. However, considering the negative effects of these refrigerants and propellants on the earth's ozone layer, the production of these chemicals gradually subsided, leaving room for growth of chloroform and methylene chloride types of chloromethane.
Company Profiles:
1. Solvay S.A
2. Ercros S.A
3. INEOS Group
4. AkzoNobel N.V
5. The Dow Chemical Company
6. Alfa Aesar
7. Tokuyana Corporation
8. Asahi Glass Co. Ltd.
9. Gujarat Alkalies and Chemicals Ltd
10. Occidental Chemical Corporation
11. Shin-Etsu
12. Kem One
13. Sanmar Holdings Ltd
14. Power2SME
15. BALAJI AMINES
The rapid pace in chloromethane consumption comes from the pharmaceutical industry. As per various reliable sources, chloromethane is used as an intermediate in the manufacturing of several medicinal drugs. A prominent chloromethane type, methylene chloride is basically used as a re-crystallization and an effective reaction solvent in the procurement of numerous pharmaceutical compounds and also in the synthesis of vitamins and antibiotics essential for human growth.
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Europe is set to emerge as a major revenue pocket for the overall chloromethane industry perhaps due to the introduction of stringent regulations prevalent in the region. Increasing constructional activities in different economies of the region including Poland, Belgium, and the Czech Republic in tandem with chemical intermediate production in these areas is likely to boost the Europe chloromethane market in the upcoming years. Furthermore, the United Kingdom and Germany are set to stand as the mature markets and importers and exporters of these compounds in the near future.
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Chloromethane Market, By Application
1. Silicone polymers,
2. Pharmaceuticals
3. Agrochemicals
4. Personal care
5. Chemical intermediate
6. Medical
7. Others
Some of the major industry giants partaking in the global chloromethane market are The Dow Chemical, Solvay S.A, INEOS Group, Alfa Aesar, AkzoNobel N.V, and Ercos S.A.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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