Press release
Global Chloromethane Market Size, Share, Outlook & Forecast 2018-2022
Global Chloromethane Market
Top 10 Global Chloromethane Key Players:
The Dow Chemical Company, Asahi Glass Co. Ltd, Gujarat Alkalies and Chemicals Ltd, Alfa Aesar, Akzonobel N.V., Solvay SA, INEOS Group, Tokuyana Corporation, Shin-Etsu Chemical Co., Ltd., Occidental Chemical Corporation among others are some of the prominent players at the forefront of competition in the Global Chloromethane Market and are profiled in MRFR Analysis.
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Industry/ Innovation/ Related News:
May 2017- AkzoNobel and Gujarat based Atul chemical announced plans to set up a Monochloracetic acid (MCA) plant and the production is expected to commence by 2019. MCA plant is set to start with initial capacity of 32,000 tons per year. With this AkzoNobel strengthen its position in global chloromethane market.
March 2017- GFL is planning to restructure its chemical segment and separate its chemical business into a separate business group.
February 2017- Meghmani Finechem Ltd, a subsidiary of Meghmani Organics Ltd announced to setting up chloromethane plant of 40,000 metric tonne per annum at Dahej, Gujarat. With this expansion, the unit will manufacture chloroform, carbon tetra chloride, and methylene dichloride. The company will be able to meet the growing demand of agrochemical and pharmaceutical for methylene dichloride.
January 2016- AkzoNobel and Evonik Industries will start production for chlorine and potassium hydroxide solution in Germany. With this joint venture, the company expand its business and strengthen its position in chloromethane market.
November 2016- GACL will set up a chloromethane plant with annual capacity of 105,000 TPA or 315 MT per day at Dahej location. With this expansion the company expand its business and further increase its presence in chloromethane market across the Asia Pacific.
March 2016- The Olin Corporation took the decision to reduce the capacity of chlor alkali capcaity by 433,000 tons across three different locations namely, Henderson, Niagara falls, Freeport. The company will restructure its business segment and will shift their focus on other business areas.
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Competitive Landscape
The Chloromethane report analyses the degree of competition among the key manufacturers as well as industry growth and market scenario. The global Chloromethane market consist of various players operating in the market including large scale and medium size producers. The key market players operating in the global Chloromethane industry is concentrating towards growth association specifically by Asia Pacific as medium scale and key operating players are from this region specifically from China, South Korea, India, and Japan. Moreover, the company is focusing on enhancing their product portfolio by strategic acquisition and mergers, joint ventures, and exclusive agreements. Some of the companies are expanding their production capacity of chloromethane to meet the growing demand for chloromethane.
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