Chloroform Market Trends, Growth, and Forecast 2025 | Global Industry Insights & Leading key players - Dow, BASF SE, Solvay.

Chloroform Market, as analyzed in the study by DataM Intelligence, presents a detailed overview of the industry with in-depth insights, historical data, and key statistics. The report thoroughly examines market dynamics, competitive strategies, and major players, highlighting their product lines, pricing structures, financials, growth plans, and regional outreach.

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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