Methylene Chloride Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Nouryon and Tokuyama Corporation are key players.

The prime factors boosting the demand for methylene chloride are growing demand in various industries such as painting and coating, pharmaceuticals, food, and textile, among others.

As per the report, the methylene chloride market is expected to grow steadily during the projected timeframe.

Methylene Chloride, or Dichloromethane, is a colorless, volatile organic compound. It is a solvent used in a variety of industries for commercial as well as consumer purposes, such as food, textile, paint, degreasing, cleaning, etc. Moreover, a paint-stripping product containing methylene chloride is widely available for customers and workers in retail stores. Therefore, the market is witnessing major developments due to the wider application and growing end-user demand. For instance, in June 2022, Soy Technologies, a specialty chemical manufacturing company, was acquired by Eco Safety Products (ESP) to expand ESP's bio-based coating and methylene chloride alternatives. This acquisition will help produce bio-based intermediates to be added to various chemical formulations to improve their ecological profile and functioning. Moreover, ESP said all the manufacturing will be done at ESP's facility in Phoenix, Arizona.

Furthermore, the ability of methylene chloride to dissolve a wide range of organic compounds makes it highly beneficial to be used in laboratories, fresheners, etc. However, while it is useful in various industries, there is also a harmful effect of methylene chloride if used in a different setting. The adverse impact can cause severe injuries such as kidney damage, liver damage, etc.

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The methylene chloride market has been segmented into application, end-user industry, and geography.

Based on application, methylene chloride is divided into paint & coatings, foam manufacturing, metal cleaning, and chemical processing. Methylene Chloride is a leading product in foam manufacturing used for furniture and bedding industries.

The market is classified into food & beverage, transportation, building & construction, and pharmaceuticals based on end-users. Among the listed end-users, the pharmaceutical industry has a significant share in the market because of the wider use in the coating of tablets and critical material in active pharmaceutical ingredients.

Based on geography, Europe and Asia Pacific account for a significant market share owing to the wider application and extensive production for the growing demand worldwide.

The major players covered in the methylene chloride market are Shin-Etsu Chemical Co., Ltd., Olin Corporation, Nouryon, Tokuyama Corporation, Oxy Chemical Corp., Parchem Fine & Specialty Chemicals, Gujarat Alkalies and Chemicals Limited, Ineos, KEM One, and Solvay S.A.

This methylene chloride market has been analyzed into the following segments:

• BY APPLICATION

o Paints & Coatings
o Chemical Processing
o Foam Manufacturing
o Metal Cleaning
o Others

• BY END-USER INDUSTRY

o Food & Beverage
o Transportation
o Building & Construction
o Pharmaceuticals
o Others

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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This release was published on openPR.