Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 2.60 Billion |
| USD 4.03 Billion | |
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Global Chloroform Market, By Grade (Technical Grade, Alcohol Stabilized Grade, Fluorocarbon Grade), Application (Solvent, Intermediates, Reagent, Others), End-Users (Pharmaceutical, Agrochemical, chemical Industry, Others) – Industry Trends and Forecast to 2030.
Chloroform refers to a solvent that is extensively utilized for organic compounds and is denoted as trichloromethane. The substance is colorless, volatile and has a strong and pleasant odor and it is insoluble in water. It is used as a Solvent and reagent in laboratory applications such as the dissolving of non-nucleic acid biomolecules in DNA and RNA extractions and is also highly used in other end-user industries including chemical, paper, and others.
Data Bridge Market Research analyses that the global chloroform market which was USD 2.60 billion in 2022, will reach USD 4.03 billion by 2030, and is expected to undergo a CAGR of 5.60% during the forecast period. “Pharmaceutical” is expected to dominate the end-users segment of the Chloroform market by their versatile properties such as anesthetic, solvent, and chemical synthesis properties. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million,
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Segments Covered
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Grade (Technical Grade, Alcohol Stabilized Grade, Fluorocarbon Grade), Application (Solvent, Intermediates, Reagent, Others), End Users (Pharmaceutical, Agrochemical, Chemical Industry, Others)
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Countries Covered
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(U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)
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Market Players Covered
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Dow (U.S.), PRODUCTOS ADITIVOS(Spain), BASF SE(Germany), Solvay (Belgium), Arihant Chemical (India), INEOS(U.K.), Tokuyama Corporation (Tokyo), Shin-Etsu Chemical Co., Ltd. (Tokyo), Akzo Nobel N.V.(Netherlands), Nouryon (China), Sumitomo Chemical Co., Ltd. (Tokyo), Occidental Petroleum Corporation (U.S.), RIDHDHI SIDHDHI CHEMICALS(India), JIGCHEM UNIVERSAL(India), among others.
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Market Opportunities
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Market Definition
Chloroform, also known by its chemical name trichloromethane (CHCl3), is an organic compound that is a colorless liquid with a sweet, pungent odor. Chloroform is a halogenated hydrocarbon, meaning it contains chlorine atoms in its chemical structure. It is non-flammable and has a relatively low boiling point of 61.15 degrees Celsius (142.07 degrees Fahrenheit).
Drivers
Chloroform has a long history of use in various industries, including pharmaceuticals, agrochemicals, and chemical synthesis, which has contributed to its demand. One of the most significant historical uses of chloroform was as a general anesthetic. In the mid-19th century, it was commonly administered to induce unconsciousness during surgical procedures. The Scottish obstetrician James Young Simpson was one of the pioneers in promoting the use of chloroform as an anesthetic.
Chloroform possesses good solvent properties, making it useful for dissolving and extracting certain substances. This property has driven its use in various applications. Chloroform, with its unique solvent properties, has historically found applications in various industries. However, it is important to note that the use of chloroform as a solvent has significantly declined due to its potential health and environmental hazards. Chloroform is a versatile solvent that can dissolve a wide range of organic compounds. It is particularly effective in dissolving fats, oils, resins, waxes, and many other non-polar or slightly polar substances.
Chloroform finds applications in industries such as pharmaceuticals, dyes and pigments, plastics, and chemical synthesis, which have contributed to its demand. Chloroform was historically used in the production of pharmaceuticals, especially as a solvent for extracting and purifying active ingredients from plants or other sources. However, due to its potential toxicity and the availability of safer alternatives, its use in this area has diminished.
Opportunities
There may be opportunities for research and development to address the health and environmental concerns associated with chloroform. Developing safer and more sustainable alternatives could open up new avenues in the market. Research and development efforts related to chloroform have significantly diminished in recent years due to its potential health and environmental hazards. The focus has shifted towards finding safer alternatives and reducing the use of chloroform. However, in the past, some research activities were conducted to explore various aspects of chloroform.
Chloroform may find niche applications in specialized industries or processes where its unique properties are still preferred over alternative substances. Chloroform may still find limited use in certain laboratory research applications where its unique solvent properties are required. It can be used as a solvent for specific experiments or in specialized analytical techniques.
Restraints/Challenges
Chloroform is classified as a potential carcinogen and poses risks to human health. It can also have adverse effects on the environment. Consequently, regulations and restrictions have been imposed on its use, limiting its market potential. Chloroform is known to be toxic to humans. Prolonged or excessive exposure to chloroform can cause damage to the liver, kidneys, and central nervous system. It is classified as a potential carcinogen by various regulatory agencies.
Safer alternatives to chloroform, such as other solvents and anaesthetics, have been developed and are widely available. The availability of these alternatives has reduced the demand for chloroform. Inhalation of chloroform vapor can cause dizziness, nausea, headaches, and irritation of the respiratory system. High levels of exposure can lead to unconsciousness or even death. Adhering to manufacturer guidelines and working with experienced HVAC professionals can provide valuable insights and ensure proper maintenance practices are followed. Also, the lack of favorable reimbursement scenarios and technology penetration in the developing economies, heavy custom duty imposed on medical devices, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2023-2030.
this Chloroform market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Chloroform market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
the Chloroform market is segmented on the basis of grade, application, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Grade
Application
End-User
The global chloroform market is analysed and market size insights and trends are provided by country, grade, application, end-user as referenced above.
The countries covered in the chloroform market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
North America is expected to dominate the global chloroform market due to the rise in pharmaceutical and medicine production in the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increased investment in healthcare infrastructure, rising population and growing demand for medications have fueled the demand for pharmaceutical products in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
The global chloroform market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global chloroform market.
Some of the major players operating in the global chloroform market are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Chloroform Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Chloroform Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.