Press release
Chloroform Market Size, Share, Trends, and Forecast: 2024-2031 - Dow, BASF SE & Solvay.
Chloroform Market || 2024-2031
DataM Intelligence has published a new research report on "Chloroform Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
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The Chloroform market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Chloroform is a colorless, dense liquid that is widely used as a solvent in laboratories and industrial applications. It is chemically classified as a haloalkane and is composed of one carbon atom, one hydrogen atom, and three chlorine atoms, giving it the chemical formula CHCl₃. Historically, chloroform was utilized as an anesthetic in medical settings, although its use in this capacity has been largely discontinued due to safety concerns related to toxicity and potential carcinogenic effects. Today, chloroform is primarily employed in the production of various chemicals, including refrigerants and solvents, and is also used in the extraction of natural products. Due to its harmful properties, including potential impacts on the liver and reproductive system, the handling and disposal of chloroform are strictly regulated in many countries.
Key Developments:
✫ On January 31, 2022, BASF SE announced plans to enhance its production facilities for chloroformates and acid chlorides at the Ludwigshafen Verbund plant, investing a low three-digit million-euro amount in the project. Upon completion in 2025, the upgrades are expected to boost the plant's capacity for chloroformates, acid chlorides, and alkyl chlorides by nearly 30%.
Forecast Growth Projected:
The Global Chloroform Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Chloroform Market:
Dow, BASF SE, Solvay, INEOS, Olin Corporation, JIGCHEM UNIVERSAL, Akzo Nobel N.V., Nouryon, Sumitomo Chemical Co., Ltd., INEOS and Occidental Petroleum Corporation.
Segment Covered in the Chloroform Market:
By Grade: Technical Grade, Alcohol Stabilized Grade, Fluorocarbon Grade.
By Application: Solvent, Intermediates, Reagent, Others.
By End-User: Pharmaceutical, Agrochemical, Chemical Industry, Others.
Regional Analysis:
The global Chloroform Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Chloroform Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Chloroform Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Chloroform manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Chloroform in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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FAQs
How fast is the Chloroform Market growing?
The Chloroform Market will exhibit a CAGR of 5.0% during the forecast period, 2024-2031.
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HS Code - 29094900
Chemical Formula - C6H14O3
Synonyms - Diethylene glycol monoethyl ether, 2-(2-Ethoxyethoxy) ethanol, Transcutol, 3,6-Dioxa-1-Octanol, Dioxitol, Polysolv DE, Dowanal DE
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