Press release
Global Chloromethane Market Share 2021: Global Trends, Key Players, Industry Analysis Report to 2027
The global chloromethane market is anticipated to grow at a moderate CAGR during the forecast period (2020-2027). The business expansion strategies adopted by major market players to expand the business and production capacity are driving the chloromethane industry growth.To learn more about this report request a free sample copy @
https://www.omrglobal.com/request-sample/chloromethane-market
For instance, in March 2020, Gujarat Alkalies & Chemicals Ltd. had announced to expand its Anhydrous Aluminium Chloride (AAC) plant at Dahej in Gujarat. The total project cost of the plant was Rs. 35 crores (~$4.7 million), with a production capacity of 16,500 tonnes per annum. Through this production capacity expansion, the company aims at generating revenue of Rs. 65 crore (~$8.8 million). With this expansion, the total capacity of the AAC plant would be 42,420 TPA.
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Furthermore, in July 2020, SRF Ltd. has set up a new plant at Dahej, Gujrat to expand the production capacity of their chloromethane plant by 1,00,000 tonnes per annum. The total projected cost of the plant is RS. 315 crores (~$42.4 million). Besides this, the production capacity of the plant would be increased by an extra 1,00,000 tonnes every year by January 2022, which was 95,000 tonnes earlier. Thus, the business expansion would promote the SRF Ltd. to increase production for better offering in chemical industries to generate more revenue. Such activities are expected to propel the demand for chloromethane in the market, and considerable growth can be expected in the market.
Market Segmentation
Global Chloromethane Market by Application
• Construction
• Plastic & Rubber
• Paints & Coating
• Pharmaceuticals
• Personal Care Products
• Others (Agrochemicals, Textile, Automotive)
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• AGC Chemicals Ltd.
• Akzonobel N.V.
• Dayang Chem (Hangzhou) Co., Ltd
• Dow Chemical Company
• DuPont de Nemours, Inc.
• Ercros S.A
• Gujarat Alkalies and Chemicals Ltd.
• Gujarat Fluorochemicals Ltd.
• INEOS Group
• Juhua Group Corp.
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Contact person: Mr. Anurag Tiwari
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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