Press release
2028 Chloromethane Industry Report Growth Forecasts
Chloromethane is colorless, water-soluble, highly flammable organic compound with a faint sweet smell that belongs to a class of organic compound named haloalkanes. Due to its substantial toxic effects, it is no longer used in consumer products. Chloromethane is prepared by the reaction of hydrogen chloride and methanol and also alternatively produced by the chlorination of methane. Some amount of chloromethane is produced naturally in the oceans by the action of sunlight on chlorine and biomass in sea foam. Chloromethane is mostly used as precursors for the production of silicone polymers and drug manufacturing.
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By geography, Asia Pacific is going to have high growth during the forecast period as the Asia Pacific accounts for the largest market for chloromethane on account of minimal regulations and rising industrial activities such as pharmaceuticals. Moreover, significant population demand and improving infrastructure are also expected to contribute to the growth of the market. Various emerging and developed economies such as China, India and Japan are anticipated to witness significant growth on account of high-growth potential for chemical intermediates, foam blowing agents and pharmaceuticals.
Some of the key players profiled in the Chloromethane Market include Dow Chemical Company, Asahi Glass Co. Ltd., Gujarat Alkalies and Chemicals Ltd, Solvay SA, Tokuyana Corporation, Occidental Chemical Corporation, Akzonobel N.V., AGC Chemicals Ltd., Shin-Etsu Chemical Co. Ltd., Alfa Aesar, INEOS Group, Krunal Acid Agency, Spectrum Chemical Manufacturing Corp., The Sanmar Group, SRF Limited and Gujarat Fluorochemicals Limited.
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