Chloromethane Market Overview

In 2022, the Chloromethane Market Value is registered as USD 2171.6 Million, and is anticipated that the Chloromethane Market Size is grown at 4.63% CAGR during the forecast period.

Chloromethane is a group of organic compounds is called haloalkanes. It has the benefits like extremely flammable, colorless gas, mildly sweet odor, and is highly toxic when detected in abundance. Chloromethane can be manufactured both naturally and synthetically. By the action of sunlight in biomass and chlorine present in the sea form is the process of chloromethane production naturally. The synthetic process was chloromethane was synthesized by boiling the mixture of sodium chloride and methanol. 

Primarily, chloromethane is used as a refrigerant, and later due to its highly toxic levels, it is avoided in consumer products. At present, this is used as a chemical intermediate to produce derivatives of chloromethanes like methyl chloride, methylene chloride, carbon tetrachloride, and chloroform. Chloromethane is used in the production of silicone polymer and butyl rubber. Methylene chloride is used in various applications like metal cleaning and the pharmaceutical industry. Chloroforms are used in pharmaceuticals, agricultural products, and chemical intermediates. Growing demand for carbon tetrachloride in pharmaceuticals, agrochemicals, blowing agents, and solvents are expected to rise the market growth. 

COVID-19 Analysis:

The COVID-19 pandemic is drastically impacted various sectors across the world. To curb the spread of the virus across the globe, various countries imposed lockdowns, and stringent government regulations like wearing masks, maintaining social distance, transportation bans, regular usage of hand sanitizer, business sectors, and educational sectors off, and many more. 

Due to these factors, the supply and demand chain was completely disrupted which leads to the decline in the demand for chloromethane in various applications like personal care, agriculture, chemicals, and other applications. After the completion of lockdown, due to benefits and increased usage of chloromethane in various applications, the demand is rapidly increased and is expected to recover in 2021.

Market Dynamics:

Drivers:

Growing demand as a chemical intermediate is driving the growth of the market. Increasing silicone usage in personal care and medical applications are the major factors that drive the Chloromethane Market during the forecast period. Chloromethane is used in the production of silicone polymer which increases the demand for end-use industries like automotive, personal care, and electronics. The silicone has superior properties like flexibility, solubility in organic solvents, and water repellence which makes the silicone an ideal choice as an intermediate.

Apart, growing affordability and increasing sales of passenger vehicles are also projected to fuel the market growth. Due to the less weight of the vehicles, the demand for silicone polymers in the automotive industry increases. As lightweight vehicles are more fuel-efficient and hence reduces carbon emissions. According to the report of the International Organization of Motor Vehicle Manufacturers (OICA), passenger cars production was grown from 67.8 million to 70.5 million between 2014 to 2018.

Restraint:

Stringent government regulations regarding the storage, usage and handling of chloromethane and various environmental issues may cause several health issues like confusion, drowsiness, and breathing difficulty. These are the factors that restrain the market growth.

Opportunities:

Increasing international trade of fresh food products, increase in demand for perishable foods from consumers, technological innovation in refrigerator transport & storage, and government support for the cold chain industry is expected to accelerate the growth of the Chloromethane Market.

Challenges:

Chloromethane is highly poisonous and when comes to direct contact it may have various adverse effects on human beings.

Study Objectives

• To provide detailed information about the market structure along with various forecast segments and sub-segments for the next 10 years.


• To provide the factors that are affecting the growth of the market value.


• To analyze the market industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.


• To provide history and forecast revenue segments and sub-segments of the market revenue for the main geographies.


• To provide the country-level analysis of the current market size and future prospective.


• To provide country-level analysis of the market industry growth by region, form, and application.


• To provide a strategic profile of the prominent key players in the market, analyze their core competencies, and draw a global market growth landscape.


• To track and analyze new product developments, strategic alliances, and global market research.

Segment Overview:

The Chloromethane Market has been divided into segments based on Type, Application, and Region.

Based on Type

Based on the Type, the Chloromethane Market is classified into four types as methylene chloride, methyl chloride, carbon tetrachloride, chloroform. Out of these types, methyl chloride is dominating the largest market share for the increasing usage of chloromethane in the medical and pharmaceutical industries. This is also used as immediate feedstock in the production of methylene chloride, chloroform, and carbon tetrachloride.

Based on Application

By Application, the Chloromethane Market is bifurcated into silicon polymers, pharmaceuticals, agrochemicals, chemical intermediate, personal care, medical, and others. Among these, silicon polymers hold the largest market share for their growing usage as feedstock in the production of chemical intermediates like methyl chlorosilanes, and further, these methyl chlorosilanes are used in manufacturing silicone fluids. These silicone fluids made use of chloromethane in various products like processing aids and special chemicals for consumer products such as cosmetics, furniture polishes, auto polishes, and paper coatings.

Based on Region

Region-Wise, the Chloromethane Market is divided into North America, Europe, Asia-Pacific, and the Rest of the World. Among them, Asia-Pacific holds the largest market share due to the robust industry growth of the end-use industries like pharmaceuticals and silicone polymers.

Regional Analysis

Geographically, the Chloromethane Market based on region is analyzed into Europe, North America, Asia-Pacific, and the Rest of the world. Out of these regions, Asia-Pacific accounts for the largest Chloromethane Market Share for their robust industry growth of the end-use industries like pharmaceuticals and silicone polymers. Lenient regulations, rising household demand, and changing lifestyles in emerging economies are accelerating the demand for the Chloromethane Market in this region. Due to the rising middle-class population and aging society, rising incomes, and growing urbanization in this region are predicted to boost the growth of chloromethane in the pharmaceuticals sector. 

Moreover, due to the presence of large-scale industrial units to tap abundant resources, China is the largest producer of chloromethane material which propels the growth in this region. The rise in construction activities and increasing usage of chloromethane as cleaning products and paints removal make the Asia-Pacific region foster market growth. The National Bureau of Statistics of China states that the construction industry has increased from CNY 17.67 trillion to CNY 24.84 trillion between the period 2014-2019. In Europe, stringent government regulations have been imposed regarding the industrial toxic gas emission industry leads the manufacturers to prefer eco-friendly products which make Europe accelerate the market growth in this region.

Competitive Landscape

The Prominent Key Players in the Chloromethane Market Outlook are the following:

• 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) and others.

Recent Developments

• February 2021 : Soliton Inc., a reputed medical device firm with a proprietary and novel aesthetic platform technology, has started a new pre-clinical trial in animals. The study has shown successful results, with liver fibrosis and its treatment being the key subject.
  Following the induction of carbon tetrachloride (a type of Chloromethane) induction, which is part of the Rapid Acoustic Pulse therapy, the effects of induced liver fibrosis was brought down by 42%. Moreover, the histology slides following the treatment that were stained using picrosirius red exhibited a much lower level of fibrosis, compared to the 2-minute RAP treatment in the Control group.
  The RAP therapy device has received the FDA for improving the appearance of cellulite. The RAP device can also be used as an accessory along with the 1064 nm Q-Switched laser for removing black ink tattoo in Fitzpatrick Skin Type I-III patients.


• In April 2019 :  a famous enterpriser Nouryon released that they are going to start the construction of the project in May at their site in Frankfurt, Germany to increase the capacity for chloromethanes which helps in increasing the customer demand globally. This expansion is anticipated to complete in 2020.

Report Overview:

This Chloromethane Market Research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the Chloromethane Market drivers, restraints, challenges, and opportunities. The Chloromethane Market Forecast Segments are Type, Application, and Region.

Segmentation Table

The Chloromethane Market Trends have been segmented globally based on the Type, Application, and Region.

By Type

Methylene chloride, methyl chloride, carbon tetrachloride, chloroform

By Application

Silicon polymers, pharmaceuticals, agrochemicals, chemical intermediate, personal care, medical, and others.

By Region

Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in the Chloromethane Market.

Report Scope:

Report Attribute/Metric	Details
Market Size	2022: USD 2171.6 Million 2030: Significant Value
CAGR	4.63% (2022-2030)
Base Year	2021
Forecast Period	2022 to 2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Application
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	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.)
Key Market Opportunities	various environmental issues can cause health problems such as drowsiness, confusion and breathing difficulty.
Key Market Drivers	increasing demand of carbon tetrachloride owing to use in agrochemicals, pharmaceuticals, blowing agents and solvents etc.

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