Carbon Tetrachloride Market Size & Share, by Application (Chemical Manufacturing, Fertilizers, Pesticides, Degreasers, Spot Removers, Drugs, Refrigerants); End Use (Chemicals, Cleaning, Medical & Pharmaceuticals, Agriculture, Paints, Plastics & Rubber); Grade (Pharmaceutical Grade, Industrial Grade, Analytical Grade) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024 - 2036

  • Report ID: 5678
  • Published Date: Apr 26, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Carbon Tetrachloride Market size is slated to cross USD 3 Billion by the end of 2036, expanding at a CAGR of 8% during the estimated period i.e., 2024-2036. In the year 2023, the industry size of carbon tetrachloride was over USD 200 Million. The demand for carbon tetrachloride in the cleaning industry to be used as a drying agent, reducing agent, spot removal agent, and so on is enormous. Several growth factors, e.g., increasing awareness of hygiene and cleanliness, strong demand for cleaning products, and rising revenue levels, have contributed to the growing prosperity of the cleaning sector. For instance, in the UK, the production of soap and detergent, cleaning and polishing perfumes, and toilet preparation increased by 1.2% in 2021 compared to 2020, as reported by the British Cleaning Council.

The main driver of carbon tetrachloride market growth is the growing uptake of eco-friendly refrigerants. In various cooling equipment and systems, refrigeration agents have been used for a long time. New eco-friendly refrigerants are being developed to combat the rising temperatures around the world. These eco-friendly refrigerants not only reduce the impact of climate change but also provide alternatives to current air conditioning technologies that have improved their characteristics and functioning.

Carbon Tetrachloride Market overview
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Carbon Tetrachloride Market: Growth Drivers and Challenges

Growth Drivers

  • Higher demand in the agricultural sector - The growing use of carbon tetrachloride in the agricultural industry for the manufacturing of insecticides, pesticides, and other agricultural products boosts market growth. Moreover, there is an increase in the production of grains and cereals as a growing demand for fertilizers and pesticides due to government initiatives promoting agricultural development that are also driving profitable growth in agriculture. According to a recent report, by 2025, India's agriculture sector is expected to reach USD 24 billion.  Furthermore, the demand for carbon tetrachloride to be used in grains, pesticides, fertilizers, and other applications is increasing as a result of strong agricultural production. In turn, the demand for carbon tetrachloride is rising and driving this industry.
  • Rising demand for frozen food products - There are several benefits of frozen foods such as shorter cooking time, which can be obtained by freezing and perishable food products like vegetables and fruit. In addition, they are available year-round and in the off-season due to the freezing of individual seasons' vegetables and fruits. Furthermore, market players are trying to expand their frozen vegetable offerings through the introduction of new products and expanding geographical reach using mergers and acquisitions. The growth of the cold chain and refrigeration industry in China was driven by an increase in the consumption of meat and dairy products in the country. Moreover, the development of cold chain infrastructure, which is likely to support the growth of the global carbon tetrachloride market during the forecast period, will therefore, be stimulated by the growth in demand for perishable food products.


  • Various health hazards related to carbon tetrachloride- Carbon tetrachloride is highly hazardous to human health and has a dangerous impact on the environment. Moreover, this organic compound is responsible for the depletion of ozone levels due to high toxicity.  In addition, it is carcinogenic to human health and causes major health risks such as central nervous system issues, kidney and liver irritation, acute inhalation problems, nausea, and vomiting. Its growth is restricted by increasing concerns from different environmental authorities.
  • Several safety concerns associated with carbon tetrachloride are expected to hamper the market growth in the upcoming period.
  • The huge level of competition from alternative key players in the carbon tetrachloride market poses a challenge.  

Carbon Tetrachloride Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2023)

USD 200 Million

Forecast Year Market Size (2036)

USD 3 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Carbon Tetrachloride Segmentation

Application (Chemical Manufacturing, Fertilizers, Pesticides, Degreasers, Spot Removers, Drugs, Refrigerants)

The chemical manufacturing segment in the carbon tetrachloride market is estimated to gain a revenue share of about 30% by the year 2036. The segment growth can be attributed to the application of tetrachloromethane or carbon tetrachloride as an intermediate in the manufacture of chlorine, agrochemicals, fire extinguishers, fertilizers, pesticides, and other substances that have a significant scope for growth.

In the manufacture of organic and inorganic chemicals as well as other chemical products, it is applied as a solvent. Due to the growth factors, for example, an increase in production of organic and inorganic chemicals, a growing demand for specialized chemicals as well as existing manufacturing bases, the chemical sector is experiencing strong growth. According to a recent report, the total chemical production output in the U.S. is expected to grow by 1.9% in 2024 and agricultural chemicals are expected to grow by 1.1% in 2024, as per the American Chemistry Council.

End Use (Chemicals, Cleaning, Medical & Pharmaceuticals, Agriculture, Paints, Plastics & Rubber)

In terms of end-use, the chemicals segment in the carbon tetrachloride market is estimated to hold the largest revenue share during the forecast period. Since carbon tetrachloride is used for the production of a variety of chemicals, such as chlorine, organic and inorganic compounds, agricultural chemical manufacturing, industrial gases, and other substances, its use has been flourishing in the chemical industry. Growth factors, like a strong base of specialty chemical production units, demand for organic and inorganic chemicals as well as fast industrialization have an impact on the lucrative growth of this industry.

Our in-depth analysis of the global carbon tetrachloride market includes the following segments:


  • Pharmaceutical Grade
  • Industrial Grade
  • Analytical Grade


  • Chemical Manufacturing
  • Fertilizers
  • Pesticides
  • Degreasers
  • Spot Removers
  • Drugs
  • Refrigerants

          End Use

  • Chemicals
  • Cleaning
  • Medical & Pharmaceuticals
  • Agriculture
  • Paints
  • Plastics & Rubber

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Carbon Tetrachloride Industry - Regional Synopsis

APAC Market Forecast

The Asia Pacific region is expected to dominate the carbon tetrachloride market registering a growth of 33% by the end of 2036. Carbon tetrachloride has a very profitable growth potential in this area due to the established chemical sector, thriving manufacturing, and fast urbanization.

Due to established manufacturing bases, urbanization, and the growing need for specialties, petrochemicals, and agrochemicals, the chemical sector is expanding rapidly throughout Asia. For example, the European Chemical Industry Council (CEFIC) reports that in 2020, chemical sales in China were valued at USD 1,549 billion, USD 427 billion, and USD 499.67 billion in the country that is part of the European Union.

North American Market Statistics

The carbon tetrachloride market in the North American region is estimated to grow notably during the studied period. Due to strict regulations imposed by local regulatory bodies and environmental agencies, like the US Environmental Protection Agency, regarding the production and volumetric consumption of carbon tetrachloride, market growth in North America is expected to be relatively moderate.

In addition, the nation's need for chloromethane is expanding due to reasons such as a rise in building activities, increased infrastructure development spending, and a greater emphasis on home-grown manufacturing. The other two major markets in the region for carbon tetrachloride are Mexico and Canada. Therefore, during the projected period, these factors will propel the expansion of the carbon tetrachloride market in the area.

Research Nester
Carbon Tetrachloride Market size
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Companies Dominating the Carbon Tetrachloride Landscape

    • Dow Chemical
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Gujarat Alkalies and Chemicals
    • Akzo Nobel
    • Occidental Petroleum Corporation
    • INEOS Group Holdings
    • Shanghai Chlor-Alkali
    • Solvay
    • Shin-Etsu
    • Tokuyama Corporation
    • Kem One

In the News

  • INEOS Group Holdings - At its facilities in Runcorn, UK, which produce 155,000 tonnes of methylene chloride and chloroform annually, INEOS ChlorVinyls recommenced production in April. Additionally, this plant can produce 100,000 tonnes of methylene chloride and 55,000 tonnes of chloroform annually, with minor amounts of carbon tetrachloride produced as well.
  • Akzo Nobel - In Voluntary Carbon Market Rankings, Akzo Nobel's carbon credits methodology for the shipping industry took home the Best Offsetting Project title. Furthermore, stakeholders in the voluntary carbon markets have acknowledged this award, which also honors the company and its development partners, the Gold Standard Foundation and the Fremco Group. 

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 5678
  • Published Date: Apr 26, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The higher demand in the pharmaceutical sector and growing demand for frozen foods are some of the major factors anticipated to drive the growth of the carbon tetrachloride market.

The market size of carbon tetrachloride is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2024-2036.

The major players in the market are Dow Chemical, Gujarat Alkalies and Chemicals, Akzo Nobel, Occidental Petroleum Corporation, INEOS Group Holdings, Shanghai Chlor-Alkali, Solvay, Shin-Etsu, Tokuyama Corporation, Kem One, and others.

The chemical manufacturing segment is anticipated to garner the largest market share of 30% by the end of 2036 and display significant growth opportunities.

The market in Asia Pacific is projected to hold the largest market share of 33% by the end of 2036 and provide more business opportunities in the future.
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