Research details developments in the Chloromethane market

MarketResearchFuture.com add new report of “Global Chloromethane Market Research Report- Forecast to 2022” it contains Company information, geographical data and Market Analysis

Pune, India, 2017-Jun-29 — /EPR Network/ — Global Chloromethane Market Information-by Types (Methylene Chloride, Methyl Chloride, Carbon Tetrachloride, Chloroform), by Application (Pharmaceuticals, Silicone polymers, Agrochemicals, Chemical intermediate, Personal-care, Medical, Others) and by Region – Forecast till 2022

The Global Chloromethane is expected to witnessed a significant growth of ~2171.6 million by 2022 with CAGR of ~4.63% between 2016 to 2022.

Chloromethane belongs to group of organic compound called as haloalkanes. It is extremely flammable colorless gas which usually has mildly sweet odor and when detected in abundance is highly toxic in nature. Chloromethane can be produced naturally and synthetically. Chloromethane is produced naturally by action of sunlight on biomass and chlorine present in sea form. Synthetically, chloromethane is synthesized by boiling mixture of sodium chloride and methanol. Initially, chloromethane was used as refrigerant. But due to high toxicity level, I was discontinued in consumer products. Now-a-days, it is used as chemical intermediate to produce derivatives of chloromethane such as methylene Chloride, methyl chloride, carbon tetrachloride, chloroform.

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On basis of types, methyl chloride largest dominating segment which is extensively used in medical and pharmaceutical industries. Methyl chloride also used as immediate feedstock for methylene chloride, carbon tetrachloride and chloroform production.  Chloromethane is used in silicone polymer production as well as butyl rubber. Methylene chloride is used in metal cleaning, as foam in blowing agent and pharmaceutical industry. Chloroform also known as trichloro methane, can be seen potential growth in pharmaceuticals, agriculture products and chemical intermediate. Moreover, increasing demand of carbon tetrachloride owing to use in agrochemicals, pharmaceuticals, blowing agents and solvents etc. has driven the market growth.

Global chloromethane witnessed significant growth on account of increasing demand as a chemical intermediate. However, growing silicone industry application in medical and personal care is prime factors to drive the chloromethane market growth over the forecasted horizon. Chloromethane is used in silicone polymer production which found increasing demand in diverse end user industries such as automotive, personal care and electronics. Thus, silicone application is emerged as largest application segment.

Stringent regulations of government regarding storage, usage and handling of chloromethane and various environmental issues can cause health problems such as drowsiness, confusion and breathing difficulty. Thus, such drawbacks can hamper the market growth in coming years.

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Geographically, Asia Pacific accounts for largest market share in chloromethane market growth. Robust industry growth of end user industries such as pharmaceuticals and silicone polymers is expected to drive the chloromethane market growth. Owing to lenient regulations, growing household demand and changing lifestyle in emerging economies has boosted the demand for chloromethane in Asia-Pacific region. China is largest producer of Chloromethane with presence of large scale industrial units to tap abundant resources. Growing construction activities along with usage of chloromethane as of cleaning products, paints removal in Asia-Pacific is expected to drive the market in near future. In Europe, stringent regulations of government regarding industrial toxic gas emission industry has led manufacturers in these regions to switch to eco-friendly products. Thus, Chloromethane market in Europe is seen sluggish growth in coming years.

Key players of the global high Chloromethane 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.)

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