Chloromethane Market Research Report- Forecast to 2027

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 2027

ID: MRFR/CnM/1787-HCR | February 2021 | Region: Global | 145 pages

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



  • 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
  • 2027: Significant Value
  •   CAGR   4.63% (2016-2022)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      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.


    Frequently Asked Questions (FAQ) :


    The chloromethane market is predicted to grow at a 4.63% CAGR between 2016-2022.

    The global chloromethane market is predicted to touch 2171.6 million by 2022.

    Asia Pacific is predicted to lead the chloromethane market during the forecast period for the growing silicone polymer and pharmaceutical industry.

    Increasing use in personal care products, medicine, and automotive sectors are adding to the market growth.

    Notable players profiled in the chloromethane market report include Occidental Chemical Corporation (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), Tokuyana Corporation (Japan), INEOS Group (Europe), Solvay SA (Europe), Akzonobel N.V.(Europe), Alfa Aesar (U.S), Gujarat Alkalies and Chemicals Ltd (India), Asahi Glass Co. Ltd. (Japan), and The Dow Chemical Company (U.S).

    1 Executive Summary

    2 Scope of The Report

    2.1 Market Definition

    2.2 Scope of The Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining power of buyers

    4.1.3 Threat of substitutes

    4.1.4 Segment rivalry

    4.2 Value Chain/Supply Chain of Global Chloromethane Market

    5 Industry Overview of Global Chloromethane Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact analysis

    5.4 Market Challenges

    5.5 Impact analysis

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact analysis

    7. Global Chloromethane Market by Region

    8. Global Chloromethane Market by Types (Methylene Chloride, Methyl Chloride, Carbon Tetrachloride, Chloroform)

    9. Global Chloromethane Market by Application (Pharmaceuticals, Silicone polymers, Agrochemicals, Chemical intermediate, Personal-care, Medical, Others)

    10. Company Profiles

    10.1 The Dow Chemical Company (U.S)

    10.1.1 Overview

    10.1.2 Financials

    10.1.3 Portfolio

    10.1.4 Business Strategies

    10.1.5 Recent Development

    10.2 Asahi Glass Co. Ltd. (Japan),

    10.2.1 Overview

    10.2.2 Financials

    10.2.3 Portfolio

    10.2.4 Business Strategies

    10.2.5 Recent Development

    10.3 Gujarat Alkalies and Chemicals Ltd (India)

    10.3.1 Overview

    10.3.2 Financials

    10.3.3 Portfolio

    10.3.4 Business Strategies

    10.3.5 Recent Development

    10.4 Alfa Aesar (U.S)

    10.4.1 Overview

    10.4.2 Financials

    10.4.3 Portfolio

    10.4.4 Business Strategies

    10.4.5 Recent Development

    10.5 Akzonobel N.V.(Europe)

    10.5.1 Overview

    10.5.2 Financials

    10.5.3 Portfolio

    10.5.4 Business Strategies

    10.5.5 Recent Development

    10.6 Solvay SA (Europe)

    10.6.1 Overview

    10.6.2 Financials

    10.6.3 Portfolio

    10.6.4 Business Strategies

    10.6.5 Recent Development

    10.7 INEOS Group (Europe)

    10.7.1 Overview

    10.7.2 Financials

    10.7.3 Portfolio

    10.7.4 Business Strategies

    10.7.5 Recent Development

    10.8 Tokuyana Corporation (Japan)

    10.8.1 Overview

    10.8.2 Financials

    10.8.3 Portfolio

    10.8.4 Business Strategies

    10.8.5 Recent Development

    10.9 Shin-Etsu Chemical Co., Ltd. (Japan)

    10.9.1 Overview

    10.9.2 Financials

    10.9.3 Portfolio

    10.9.4 Business Strategies

    10.9.5 Recent Development

    10.10 Occidental Chemical Corporation (U.S.)

    10.10.1 Overview

    10.10.2 Financials

    10.10.3 Portfolio

    10.10.4 Recent Development

    11 Conclusion

    LIST OF TABLES

    Table 1 World Population by Major Regions (2015 To 2030) (Million)

    Table 2 Global Chloromethane Market: By Region, 2020-2027 (USD Million)

    Table 3 North America Chloromethane Market: By Country, 2020-2027 (USD Million)

    Table 4 Europe Chloromethane Market: By Country, 2020-2027 (USD Million)

    Table 5 Asia-Pacific Chloromethane Market: By Country, 2020-2027 (USD Million)

    Table 6 RoW Chloromethane Market: By Country, 2020-2027 (USD Million)

    Table 7 Global Chloromethane for Types Market: By Regions, 2020-2027 (USD Million)

    Table 8 North America Chloromethane for Types Market: By Country, 2020-2027 (USD Million)

    Table 9 Europe Chloromethane for Types Market: By Country, 2020-2027 (USD Million)

    Table 10 Asia-Pacific Chloromethane for Types Market: By Country, 2020-2027 (USD Million)

    Table 11 RoW Chloromethane for Types Market: By Country, 2020-2027 (USD Million)

    Table 12 North America Chloromethane for Application Market: By Country, 2020-2027 (USD Million)

    Table 13 Europe Chloromethane for Application Market: By Country, 2020-2027 (USD Million)

    Table 14 Asia-Pacific Chloromethane for Application Market: By Country, 2020-2027 (USD Million)

    Table 15 RoW Chloromethane for Application Market: By Country, 2020-2027 (USD Million)

    Table 16 Global Chloromethane Application Market: By Region, 2020-2027 (USD Million)

    Table 17 North America Chloromethane for Application Market: By Country, 2020-2027 (USD Million)

    Table 18 Europe Chloromethane for Application Market: By Country, 2020-2027 (USD Million)

    Table 19 Asia-Pacific Chloromethane for Application Market: By Country, 2020-2027 (USD Million)

    Table 20 RoW Chloromethane for Application Market: By Country, 2020-2027 (USD Million)

    Table 21 Global Types Market: By Region, 2020-2027 (USD Million)

    Table 22 Global Application Market: By Region, 2020-2027 (USD Million)

    Table 23 North America Chloromethane Market, By Country (USD Million)

    Table 24 North America Chloromethane Market, By Types (Million USD)

    Table 25 North America Chloromethane Market, By Application (Million USD)

    Table 26 Europe: Chloromethane Market, By Country (USD Million)

    Table 27 Europe: Chloromethane Market, By Types (USD Million)

    Table 28 Europe: Chloromethane Market, By Application (USD Million)

    Table 29 Asia-Pacific: Chloromethane Market, By Country (USD Million)

    Table 30 Asia-Pacific: Chloromethane Market, By Types (USD Million)

    Table 31 Asia-Pacific: Chloromethane Market, By Application (USD Million)

    Table 32 RoW: Chloromethane Market, By Country (USD Million)

    Table 33 RoW: Chloromethane Market, By Types (USD Million)

    Table 34 RoW: Chloromethane Market, By Application (USD Million)

    LIST OF FIGURES

    FIGURE 1 Global Chloromethane market segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Five Forces Analysis of Global Chloromethane Market

    FIGURE 4 Value Chain of Global Chloromethane Market

    FIGURE 5 Share of Global Chloromethane Market in 2020, by country (in %)

    FIGURE 6 Global Chloromethane Market, 2020-2027, (USD Million)

    FIGURE 7 Sub-segments of Applications

    FIGURE 8 Global Chloromethane Market size by Application, 2020

    FIGURE 9 Share of Global Chloromethane Market by Application, 2020 to 2027

    FIGURE 10 Global Chloromethane Market size by Types, 2020

    FIGURE 11 Share of Global Chloromethane Market by Types, 2020 to 2027