Press release
Chlorinated methane market to witness strong demand in refrigerants Application | KEM One, AkzoNobel N.V., SRF Limited, Solvay S.A., Tokuyama Corp., AGC Chemicals
Chlorinated Methane Market
Chlorinated methane compounds represent an important class of organic compounds that are used as intermediates in the manufacturing of refrigerants, agrochemicals, pharmaceuticals, fluoropolymers, and silicone polymers. Chlorinated form of methane is a vital raw material for automotive, air conditioner, silicon polymer and rubber industries.
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Methyl chloride (chloromethane), methylene chloride (dichloromethane), carbon tetrachloride, and chloroform are the different types of chlorinated methane compounds. The presence of stringent environmental and emission norms may restrict the application of chlorinated methane compounds as a refrigerant. Also, numerous health risks associated with accidental consumption or exposure to these compounds may limit their use in many applications.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. KEM One
2. Shin-Etsu Chemical Co. Ltd
3. AGC Chemicals
4. Tokuyama Corp.
5. Occidental Petroleum Corporation
6. Solvay S.A.
7. AkzoNobel N.V.
8. SRF Limited
9. Gujarat Alkalies & Chemicals Ltd.
Chlorinated methane market from refrigerants to remain a lucrative application segment. With the advent of technology, a considerable shift in people’s lifestyles can be observed across the globe. These trends along with a notable growth in people’s disposable income levels has led to wider adoption of household electronic application including TVs, washing machines, refrigerators, and air conditioners, to name a few.
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Chloroform is one of the most widely used chlorinated methane compounds. It is generally available in technical grade, alcohol stabilized grade, and fluorocarbon grade. Alcohol stabilized grade of chloroform finds use as a solvent in the extraction and purification of formulations, including certain antibiotics, vitamins, and alkaloids, in the pharmaceutical sector.
The chlorinated methane from the pharmaceutical industry is experiencing a major transformation, with a considerable shift in how diseases are diagnosed and prevented and a tenfold increase in the consumption of generic drugs over the past few years. The rise in new treatment methods and technologies is expected to drive research and development of innovative forms of drug delivery.
Cancer drugs will account for a major share in the growth of the pharmaceutical sector. According to industry experts, eight new drug formulations are estimated to add US$1 billion in new sales in the upcoming year, of which four are cancer drugs.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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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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