Chloromethane Market Is Expected to Generate Huge Profits by 2022: Vendors- Dow Chemical Company, Asahi Glass Co. Ltd, Alfa Aesar, Akzonobel N.V

Market Highlights
Global Chloromethane Market is set for a potential growth and is expected to reach USD ~2171.6 million by 2022.

Chloromethane also known as methyl chloride belongs to organic chemical compound called as haloalkanes. Owing to high flammability toxic gas, chloromethane is colorless and slightly possess sweet odor. Chloromethane synthesized by chemical reaction of hydrogen chloride and methanol. Naturally, chloromethane is produced by effect of sunlight on biomass and chlorine present in sea form. Traditionally, chloromethane was used as refrigerant but was banned in consumer goods owing to its high toxicity level.

The global chloromethane market witnessed a significant growth on account of increasing demand as chemical intermediate in formation of its derivatives such as methylene chloride, carbon tetrachloride and chloroform. Chloromethane is widely used in production of silicone polymer and butyl rubber. According to types, chloroform is segmented into methylene chloride, methyl chloride, carbon tetrachloride, chloroform. Methyl chloride another name of chloromethane dominates the product segment over the forecasted period. this is due to large application in growing medical and pharmaceutical industry. Methyl chloride is also used in production of methyl cellulose and butyl rubber. Other types such as methylene chloride is utilized as blowing agent, paint removal and metal cleaning in pharmaceutical, construction and automobile industries. Carbon tetrachloride segment is expected to grow at rapid pace owing to its potential use in agrochemicals, pharmaceuticals and solvents manufacturing. Chloroform register positive growth owing to its usage in medical and pharmaceutical industry.

Global Chloromethane Market Players:
The major key players of this market are: The Dow Chemical Company (U.S), Asahi Glass Co. Ltd. (Japan), Gujarat Alkalies and Chemicals Ltd (India), Alfa Aesar (U.S), Akzonobel N.V.(Europe), Solvay SA (Europe), INEOS Group (Europe), Tokuyana Corporation (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), Occidental Chemical Corporation (U.S.) and others.

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Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Chloromethane market size is expected to grow at highest rate of approximately ~2171.6 million by 2022. The market witnessed a potential growth over the forecasted period on account of growing applications such as pharmaceuticals, medical and agrochemicals in chloromethane market.

Chloromethane is organic chemical compound with mildly sweet odor. It is extremely flammable colorless gas. Synthetically, chloromethane is produced by mixture of sodium chloride, sulfuric acid and methanol. Commercially, chloromethane is produced through action of direct sunlight on biomass and chloride present in sea foam. Chloromethane was initially used as refrigerant. Later, it was banned in consumer goods owing to high toxicity level.

Application Insights
Major application segment of chloromethane is silicone industry owing to its diverse applications such as automotive, personal care and electronic industry. Global chloromethane witnessed significant growth on account of increasing demand as a chemical intermediate in manufacturing of organic chemicals. However, growing silicone industry application in medical and personal care is prime factors to drive the chloromethane market growth over the forecasted horizon.

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The report about Global Chloromethane Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions

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