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Carbon Tetrachloride Market Size and Forecast, 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) - Growth Trends, Key Players, Regional Analysis 2026-2035

  • Report ID: 5678
  • Published Date: Sep 16, 2025
  • Report Format: PDF, PPT

Carbon Tetrachloride Market Outlook:

Carbon Tetrachloride Market size was over USD 395.5 million in 2025 and is anticipated to cross USD 650.39 million by 2035, witnessing more than 5.1% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of carbon tetrachloride is assessed at USD 413.65 million.

Carbon Tetrachloride Market Size
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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.

Key Carbon Tetrachloride Market Insights Summary:

  • Regional Highlights:

    • Asia Pacific carbon tetrachloride market will hold more than 33% share by 2035, fueled by the thriving chemical sector, urbanization, and demand for petrochemicals and agrochemicals.
    • North America market will register notable CAGR during 2026-2035, driven by the expansion in chloromethane demand and regional construction and infrastructure development.

  • Segment Insights:

    • The chemical manufacturing segment in the carbon tetrachloride market is expected to hold a 30% share by 2035, driven by the application of carbon tetrachloride as an intermediate in various chemical products.
    • The chemicals segment in the carbon tetrachloride market is projected to hold the largest share by 2035, influenced by a strong base of specialty chemical production units and fast industrialization.

  • Key Growth Trends:

    • Higher demand in the agricultural sector 
    • Rising demand for frozen food products

  • Major Challenges:

    • Higher demand in the agricultural sector 
    • Rising demand for frozen food products

  • Key Players: Dow Chemical, Gujarat Alkalies and Chemicals, Akzo Nobel, Occidental Petroleum Corporation, INEOS Group Holdings, Shanghai Chlor-Alkali, Solvay, Shin-Etsu, Tokuyama Corporation, Kem One.

Global Carbon Tetrachloride Market Forecast and Regional Outlook:

  • Market Size & Growth Projections:

    • 2025 Market Size: USD 395.5 million
    • 2026 Market Size: USD 413.65 million
    • Projected Market Size: USD 650.39 million by 2035
    • Growth Forecasts: 5.1% CAGR (2026-2035)

  • Key Regional Dynamics:

    • Largest Region: Asia Pacific (33% Share by 2035)
    • Fastest Growing Region: Asia Pacific
    • Dominating Countries: China, United States, Japan, Germany, India
    • Emerging Countries: China, India, Brazil, Mexico, Thailand

    • Last updated on : 16 September, 2025

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.

Challenges

  • 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 Size and Forecast:

Report Attribute Details

Base Year

2025

Forecast Period

2026-2035

CAGR

5.1%

Base Year Market Size (2025)

USD 395.5 million

Forecast Year Market Size (2035)

USD 650.39 million

Regional Scope

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

Application Segment Analysis

The chemical manufacturing segment in the carbon tetrachloride market is estimated to gain a revenue share of about 30% by the year 2035. 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 Segment Analysis

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:

          Grade
  • Pharmaceutical Grade
  • Industrial Grade
  • Analytical Grade

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

          End Use
  • Chemicals
  • Cleaning
  • Medical & Pharmaceuticals
  • Agriculture
  • Paints
  • Plastics & Rubber
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Carbon Tetrachloride Market Regional Analysis:

APAC Market Insights

The Asia Pacific region is expected to dominate the carbon tetrachloride market registering a share of 33% by the end of 2035. 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 Insights

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.

Carbon Tetrachloride Market Share
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Carbon Tetrachloride Market Players:

    • 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

Recent Developments

  • 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. 
  • Report ID: 5678
  • Published Date: Sep 16, 2025
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2026, the industry size of carbon tetrachloride is assessed at USD 413.65 million.

The global carbon tetrachloride market size surpassed USD 395.5 million in 2025 and is projected to witness a CAGR of more than 5.1%, crossing USD 650.39 million revenue by 2035.

Asia Pacific carbon tetrachloride market will hold more than 33% share by 2035, fueled by the thriving chemical sector, urbanization, and demand for petrochemicals and agrochemicals.

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

Carbon Tetrachloride Market Report Scope

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