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Chloromethane Market By Product (Methyl Chloride, Methylene chloride, Chloroform, Carbon tetrachloride); By Application (Higher Chlorinated Methane, Refrigerant, Pharmaceuticals, Silicone polymers, Chemical intermediate, Cleaning Solutions, Coating, Others)- Global Demand Analysis & Opportunity Outlook 2027

Published On : 05:52 AM, 19th April, 2018 REP-ID-1062 Category: Chemicals and Materials

Chloromethane Market Overview

Chloromethane or methyl chloride is a hydrocarbon that is primarily used as an industrial solvent in numerous applications such as refrigerant, cleaning solutions, and others. The industrial chloromethane is formed through number of reaction technology and refining technology, by reacting methanol with hydrogen chloride. However, chloromethane naturally produced in the oceans by the action of sunlight on biomass and chlorine in sea foam.

Market Size and Forecast

Global chloromethane market is expected to witness a robust growth over the forecast period. The market is expected to thrive at notable CAGR during the projected period of 2017-2027. Global market of chloromethane is expected to rise on the back of wide range of industrial application of chloromethane and rapid industrialization across the globe.

The market is segmented in five major regions including North America, Asia Pacific, Europe, Middle East & Africa and Latin America regions. Asia Pacific grabbed lion shares of global chloromethane market in 2016 and is expected to maintain this growth over the forecast period owing to rapid industrialization in Asian countries. Electronics and automotive are some of the key applications of chloromethane. Further, growing automotive sector and rising demand for electronic products in Asia Pacific region is expected to enhance the growth of market in the region over the forecast period.

chloromethane market

Apart from Asia Pacific, North America chloromethane market is expected to grow at satisfactory pace over the forecast. Large base of facilities that produce or process chloromethane in the United States and rapidly growing synthetic rubber production in North America is expected to be the dynamic factors behind the growth of chloromethane market in North America region during the forecast period.

The market of chloromethane is further segment by application into refrigerant, pharmaceuticals, silicone polymers, chemical intermediate, cleaning solutions, coating and others. Higher chlorinated methanes such as methylene chloride, chloroform, and carbon tetrachloride has a number of applications such as, piping inlet coating, cable and wire insulation, anti-stick coating and in medical products such as syringe, catheters and more. However, silicone polymers segment is showcasing great potential for future growth owing to rise in demand for synthetic rubbers in plentiful end-use applications.

Market Segmentation

Our in-depth analysis has segmented global chloromethane market into the following segments:

By Product

  • Methyl Chloride
  • Methylene chloride
  • Chloroform
  • Carbon tetrachloride

By Application

  • Refrigerant
  • Pharmaceuticals
  • Silicone polymers
  • Chemical intermediate
  • Cleaning Solutions
  • Coating
  • Others

By Region

Global chloromethane market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, Turkey, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Malaysia Australia, New Zealand, South Korea & Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and North Africa (GCC, Israel, North Africa, South Africa & Rest of Middle East) Market Size and Y-O-Y Growth Analysis

Growth Drivers & Challenges

Further, rising application of chloromethane in pharmaceutical, chemicals, automotive and other industries is expected to boost the growth of chloromethane market during the forecast period. Further, extensive consumption of chloromethane in diverse applications such as in production of higher chlorinated methanes is also an important factor driving the chloromethane market. Rapid industrialization in developing countries such as China and India is also augmenting the consumption of chloromethane across the globe. Development of new plants to meet the global demand for chloromethane is also expected to enhance the growth of market over the forecast period. For instance, The Meghmani Finechem Ltd invested Rs 140 crores to set up a chloromethane plant with capacity of 40,000 metric tons per annum (MTPA) in Gujarat. Additionally, increasing usage of chloromethane in the production of medicine and a solvent in the synthetic rubber industry is also pushing the market of chloromethane across the globe. Chloromethane is also used to make methylate silicon and in the production of agricultural chemicals, methyl cellulose, quaternary amines, and butyl rubbers. Such wide range of application of chloromethane is expected to drive the growth of market in future. However, high toxicity and flammability of chloromethane is major concerns which are expected to restrict the growth of market over the forecast period. A number of harmful effects of chloromethane, if directly expose to a person such as drowsiness, dizziness, or confusion and difficulty in breathing, walking or speaking are also expected to restrain the expansion of market.

Key Players

  • The DOW Chemical Company
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Shin-Etsu Chemical Co., Ltd.
  • KEM One
  • AkzoNobel N.V.
  • Occidental Petroleum Corporation
  • Solvay S.A.
  • Tokuyama Corp.
  • Gujarat Alkalies & Chemicals Ltd.
  • SRF Limited
  • AGC Chemicals
  • Other Notable Players

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global chloromethane market is segmented as follows:

  • By Product Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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