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Chloroform Market Trends, Growth, and Forecast 2025 | Global Industry Insights & Leading key players - Dow, BASF SE, Solvay.
Chloroform Market
The Global Chloroform Market is expected to reach at a CAGR of 5.0% during the forecast period (2024-2031).
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The Chloroform Market refers to the global trade of chloroform, a chemical compound widely used in industries like pharmaceuticals, manufacturing, and chemicals. It is primarily used as a solvent in drug formulation, as well as in the production of refrigerants and plastics. Despite its industrial applications, safety concerns around chloroform's toxicity are shaping its usage and regulatory measures.
Major players in the Chloroform market
The prominent players in Chloroform market research report are: Dow, BASF SE, Solvay, INEOS, Olin Corporation, JIGCHEM UNIVERSAL, Akzo Nobel N.V., Nouryon, Sumitomo Chemical Co., Ltd., INEOS and Occidental Petroleum Corporation.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
On January 31, 2022, BASF SE announced plans to invest a low three-digit million-euro sum into upgrading its facilities at the Ludwigshafen Verbund plant. The project, set to be completed by 2025, will increase the plant's production capacity for chloroformates, acid chlorides, and alkyl chlorides by nearly 30%, enhancing its ability to meet growing demand for these products.
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Market Segments:
By Grade: Technical Grade, Alcohol Stabilized Grade, Fluorocarbon Grade.
By Application: Solvent, Intermediates, Reagent, Others.
By End-User: Pharmaceutical, Agrochemical, Chemical Industry, Others.
The Chloroform industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Chloroform Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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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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Supplier Database Availability - Yes
Customization Scope - Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan,…
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