Global Methylene Chloride Market – Industry Trends and Forecast to 2029

Global Methylene Chloride Market, By Applications (Paint Remover, Pharmaceuticals, Chemical Processing, Foam Manufacturing, Metal Cleaning, Solvent, Others), End User (Pharmaceuticals, Chemicals, Metals and Metallurgy, Others) – Industry Trends and Forecast to 2029

Methylene Chloride Market Analysis and Size

Methylene chloride is primarily used to extract various compounds, but it is also used in the manufacture of antibiotics and vitamins. It is also employed as a tablet coating agent. The pharmaceutical market is rapidly expanding as a result of the growing middle class, ageing, rising incomes, and increased urbanisation in countries such as the United States, China, and India, among others. The healthcare industry in the United States is by far one of the most advanced in the world. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), US companies conduct more than half of the world's pharmaceutical R&D and own the intellectual property rights to the majority of new medicines.

Data Bridge Market Research analyses that the methylene chloride market was valued at USD 1,453.76 million in 2021 and is expected to reach an estimated value of 1869.55 million in 2029 with a CAGR of 5.2% during the forecast period. Data Bridge Market Research report on methylene chloride market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.  Growing solvent demand in the automotive and construction industries is expected to open up new opportunities for this market.

Market Definition

Methylene chloride, also known as dichloromethane, is a colourless, transparent liquid with a sweet odour. They are widely used in a variety of applications including pharmaceuticals, metal cleaning, foam manufacturing, chemical processing, and others.

Methylene Chloride Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Growing application in various different industries

Fluorocarbon demand is expected to increase, boosting market growth. Other factors such as rising solvent usage in paint and adhesive formulations, easy availability of methylene chloride in the market, and growing applications of methylene chloride are expected to drive the methylene chloride market

Growing demand from various end users

Other end-user industries, including adhesives and sealants, textiles, and pharmaceuticals, are expected to have steady demand for methylene chloride in the coming years. Fluorocarbon demand is expected to increase in the coming years, providing more opportunities for the methylene chloride market. Increased demand for HFC-32 from end-user industries is expected to increase demand for methylene chloride in the coming years.

Restraints

Rising health concerns associated with methylene chloride exposure, as well as stringent government regulations are expected to stymie market growth during the forecast period.

This Methylene chloride market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 Methylene chloride market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post COVID-19 Impact on Methylene Chloride Market

The COVID-19 pandemic hampered the methylene chloride market by imposing government restrictions, travel restrictions, lockdowns, and the closure of factories. Because the building and construction industries were shut down, the methylene chloride market suffered. Methylene chloride is a versatile insulator. Rigid methylene chloride foams are used to create storage devices, such as specialised coolers, in which COVID-19 vaccine vials can be kept. These are used in the global transportation of vaccines. As a result, the demand for methylene chloride is expected to rise in the near future.

Recent Development

• Coverstro planned to increase production capacity in December 2021 by establishing new thermoplastic methylene chloride plants on the Shanghai site. The plant is scheduled to be finished in 2023.
• Huntsman will open its plant in Taiwan in October 2020, along with a 3,600 square metre polyol plant and downstream methylene chlorides capabilities.
• Huntsman completed the acquisition of Icynene-Lapolla in February 2020. Huntsman will benefit from the acquisition as it expands its downstream methylene chlorides business in North America.
• Huntsman increased its methylene chloride production capacity in September 2019 with the opening of a new facility in Dubai.

Global Methylene Chloride Market Scope

The methylene chloride market is segmented on the basis of 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.

Application

• Paint remover
• Pharmaceuticals
• Chemical processing
• Foam manufacturing
• Metal cleaning
• Solvent
• Others

End user

• Pharmaceuticals
• Chemicals
• Metals and Metallurgy
• Others

Methylene Chloride Market Regional Analysis/Insights

The methylene chloride market is analysed and market size insights and trends are provided by country type, application as referenced above.

The countries covered in the methylene chloride market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.

Asia-Pacific region is expected to have the largest market for methylene chloride. The major developing countries, such as China, India, Japan, and the ASEAN countries, are expected to have higher demand. The region's demand for paints and coatings is increasing. The automotive and construction industry contributes to the major share in the consumption of paints and coatings. Asia-Pacific has the world's largest construction market, led by India, China, and various Southeast Asian countries. The main factors driving the expansion of construction activities in these countries are rising living standards, higher per capita income, industrialization, infrastructure development, and so on.

The country section of the report also provides individual market impacting factors and changes in market regulation 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, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Methylene Chloride Market Share Analysis

The methylene chloride market competitive landscape provides details by competitor. 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 methylene chloride market.

Some of the major players operating in the methylene chloride market are:

• BASF SE (Germany)
• Dow (U.S.)
• INEOS( Switzerland)
• SABIC (Saudi Arabia)
• LyondellBasell Industries Holdings B.V.( Netherlands)
• DuPont (U.S.)
• Royal Dutch Shell plc (Netherlands)
• Bayer AG ( Germany)
• Clariant ( Switzerland)
• Huntsman International LLC (U.S.)