Chloromethane Market Leveraging Growing Demand for Silicon PolymersPosted by Lohitha on July 16th, 2019 Owing to the growing demand for a chemical intermediate, particularly across the oil and gas industry, the global chloromethane market is experiencing substantial growth. The chloromethane market value stood at ,115 million in 2018, as per a new business intelligence report by IndustryARC, and the demand is projected to grow at a compound annual growth rate (CAGR) of 3.90% during the forecast period of 2019 to 2025. The IndustryARC report is titled "Chloromethane Market: By Product Type (Methyl Chloride, Methylene Chloride, Chloroform, Carbon Tetrachloride), By Application (Refrigerant, Industrial Solvent, Silicone Polymers, Laboratory Chemicals, Chemical Intermediates, Methylating & Chlorinating Agent, Propellant & Blowing Agent, Catalyst Carrier, Herbicide, Local Anesthetic), By End-User Industry (Adhesives & Sealants Industry, Automotive Industry, Construction Industry, Pharmaceutical Industry, Agrochemicals Industry, Textile Industry, paints & Coatings Industry, Personal Care Products Industry, Plastics & Rubber Industry), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Forecast (2019-2025).” The report also identifies that the increasing demand from the silicon and pharmaceutical sectors will further augment the demand in the chloromethane market. View Full Table Of Contents Of Chloromethane Market: https://www.industryarc.com/Report/15113/chloromethane-market.html Global Chloromethane Market: Leading Segments APAC is gauged to be leading the global chloromethane market demand, driven primarily by China and India. The major factor affecting growth is the increased output in various industries such as chemical and pharmaceutical with minimal government regulations. In 2018, the APAC chloromethane market generated 42% of the global demand, as per the evaluations of the IndustryARC report. Furthermore, the perceptible increase in the pharmaceutical sector is the key application segment in the chloromethane market as cited by IndustryARC’s analyst. The opportunities in the chloromethane market in the pharmaceutical sector are set to grow at a CAGR of 5.66% during the aforementioned forecast period.
· Chloromethane is the most common and widely used chemical such as silicone polymers, which is majorly used in paints and coatings and textile industry. The rising use of chloromethane in the production processes of various chemicals is the most important factor that boosts up the demand of chloromethane market. · According to European Southern Observatory, a team of astronomers has found faint traces of methyl chloride and chloromethane around infant stars systems and the famous comet in the solar system. This is the first detection of an organohalogen. This a new start for organic chemistry on our planet. · The demand for chloromethane is growing tremendously globally. AkzoNobel, a chemical company, has decided to enter the designing phase of expansion in Germany for producing chloromethane owing to the huge demand of it, especially in Europe. Chloromethane is a key ingredient in the manufacturing of electronics and pharmaceuticals. The next plan is to increase the production of chloromethane facilities.
Some of the key companies identified in the report that are currently holding majority shares in the global chloromethane market are Asahi Glass Co. Ltd., AkzoNobel N.V., Gujarat Alkalies and Chemicals Ltd., The Dow Chemical Company, Solvay S.A.,INEOS Group, Solvay and Tokuyama Corporation, Shin-Etsu Chemical Co. Ltd., Ercros S.A., Alfa Aesar, Occidental Chemical Corporation, Kem One and SRF Ltd. Talk to one of our sales representative about the full report by providing your details in the link below: https://www.industryarc.com/support.php?id=15113
Mr. Venkat Reddy Sales Manager Email: sales@industryarc.com Contact Sales: +1-614-588-8538 (Ext-101) About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare. Like it? Share it! More by this author |