Global Chloromethanes Market By Type (Methyl Chloride, Methylene Chloride, Chloroform, Carbon Tetrachloride) By Application (Refrigerant, Pharmaceuticals, Silicone polymers, Chemical intermediate, Cleaning Solutions, Coating, Others) By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Chloromethanes Market
The Global Chloromethanes Market is expected to reach 4199.05 kilotons by 2025, from USD 3213.42 kilotons in 2017 growing at a CAGR of 6.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Chloromethanes Market
Chloromethane is a derivative of methane. It is highly flammable, toxic and colourless gas with a faint sweet smell. It is produced by the chemical reaction between hydrogen chloride and methanol. It is shipped as a liquid under its vapor pressure. Initially, chloromethane used to be utilized as a refrigerant but discontinued due to its toxicity and flammability. This is widely utilized in the manufacturing of active pharmaceutical ingredients and silicone industry and is used in another chemical too. One of the factors which will drive the chloromethane market is the growth of automotive and electronics market. For instance, according to Statista, in 2017, 73.5 million passenger cars were introduced by international automotive industry and in 2018; passenger car sales are expected to grow to about 81.6 million units. As compared to 2017, the European electronics industry is expected to rise by around 2% in 2018. According to Outlook magazine, in 2016, China’s light vehicle market was increased by a record 25.4 million units from 3.26 million units, with almost 14.7% increase in the market. Thus, this drive the silicones market and further augment demand for chloromethane in forecasting period.
- High demand from chemical industries
- Growing demand for chloromethane from end use industries
- Rising demand for the manufacturing active pharmaceutical ingredients
- Strict government regulations
- Highly flamable and toxic
- Europe is highly regulated to industrial toxic gas emissions.
Segmentation: Global Chloromethanes Market
- Methyl Chloride
- Methylene Chloride
- Carbon Tetrachloride
- Silicone polymers
- Chemical intermediate
- Cleaning Solutions
- North America
- South America
- Middle East & Africa
Competitive Landscape: Global Chloromethanes Market
The global chloromethanes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of chloromethanes market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Chloromethanes Market
The key players operating in the global chloromethanes market are –
- Alfa Aesar
- Akzo Nobel N.V
- The Dow Chemical Company
- Ercros S.A
The other players in the market are Gujarat Alkalies and Chemicals Limited, INEOS, Kem One, Occidental Petroleum Corporation, Shin-Etsu Chemical Co., Ltd., Solvay, SRF Limited, Tokuyama Corporation, Siemens Corporation among others.
Research Methodology: Global Chloromethanes Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted 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 can 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. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the Report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global chloromethanes market
- Analyze and forecast the chloromethanes market on the basis of type and application
- Trends of key regional and country-level markets for type and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis