Global chloromethane market value was valued at USD 4.58 Billion in 2019. It is projected to grow at a compound annual rate (CAGR), of 4.9% between 2020 and 2027. The market is expected to grow due to rising demand for silicon elastomers in various end-use sectors, including construction and automotive. The colorless, water-soluble and highly flammable organic compounds chloromethanes have a faint sweet scent. They can be made by reacting hydrogen chloride with or methanol. Alternately, they can be produced by the chlorination methane. Other compounds can be produced by the chlorination process, including methylene chloride or chloroform.
Germany is a major producer and exporter of chloromethane, with large manufacturing companies like Nouryon and AkzoNobel. Chloromethane is a major ingredient in Germany's rising demand. It is used as an intermediate in drug production and as an anesthetic in medication. The European Union (EU), however, is likely to limit product consumption in Germany and other European nations. It has designated chloromethane an ozone-depleting chemical, which will reduce market demand for carbon tetrachloride and methyl chloride.
Due to strict regulations imposed on major governing bodies like REACH and U.S. EPA, the global market for chloromethane will grow moderately. The growing demand for silicon polymers in electronics and automobile industries is driving the market. Silicone polymers will also be in demand due to rising affordability and increasing sales of passenger cars. OICA reports that passenger car production increased from 67.8 millions units in 2014 to 70.5million units in 2018. OICA reports that the regulations governing vehicle weights are responsible for the increased demand for silicon polymers in automotive manufacturing. Vehicles that are lighter than average in weight have lower carbon emissions and are more fuel efficient. Asia is seeing a significant increase in automotive production, which has led to a rise in demand for silicone polymers.
The global Cold Chain industry has been growing significantly. This is due to increased international trade in fresh food products, technological advances in refrigerated transport and storage, government support for infrastructure related to cold chain industry, and a rise in the demand for perishable food from consumers. Hydrofluoro olefins are made from methyl chloride. They replace hydrofluorocarbons. The demand for chloromethanes will increase quickly due to the increasing use of hydrofluorocarbon substitutes. However, market growth may be impeded by the high toxicity and environmental concerns associated with chloromethane. It is banned in consumer goods by the EU. The EU has banned the use of chloromethane in consumer goods. Chloromethane from old refrigerators and air conditioners can also be harmful. Therefore, its alternatives, such as hydrofluorocarbons and chlorofluorocarbons will gain preference during the forecast period.
65.8% of market share was held by Methylene chloride and dichloromethane in 2019. Methylene chloride is used mainly as an industrial solvent as well as as a chemical intermediate for the production of adhesives and polyurethane foams.
It is a toxic substance, so its use has been prohibited in paint removers intended for consumer use by U.S. EPA. The segment will be supported by the growing demand from the food, pharmaceutical, and transport industries.
From 2020 to 2027, the carbon tetrachloride market segment will experience a 3.4% CAGR. Carbon tetrachloride can be used in many applications including cleaning agents, fire extinguishers, and precursors to refrigerants. Its main application is in refrigerant industries. Rising global temperatures and rising disposable incomes in emerging economies will increase the demand for refrigerants. Chloromethane is used in a variety of applications, including mobile air conditioning systems, chillers, air conditioners and mobile air conditioning.
With a 34.7% revenue share in 2019, the pharmaceutical segment dominated this market. According to Pharma World Magazine, the pharmaceutical industry is expected to grow from USD1.2 trillion in 2018 and over 1.5 trillion by 2023. The associated industries will benefit from this growth. The intermediate used in the production medicinal drugs is chloromethane. Methylene chloride is used primarily for re-crystallization of many pharmaceutical compounds, and as an effective reaction solvent in synthesis of vitamins and antibiotics .
Due to the rising demand for silicone-based polymers in building products, the construction segment will account for the second largest market. These polymers can be used to improve performance and process aids in a variety of applications such as pre-fabricated concrete, paver stone, ready mix concrete, dry mixture mortars (self-leveling, stucco/renders, grouts), construction materials, and other materials. Rapid urbanization, rising redevelopment, and renovation activity have led to a growing building and construction industry in emerging countries.
The global market for chloromethane was 6.1% in revenue. Silicone polymers are expected to grow at a 5.4% CAGR between 2020 and 2027. These polymers are used in electronic applications such as keyboards, mobile parts, and copier rolls. Another important use of silicon is in consumer goods production, particularly personal care and kitchenware products. The rapid growth of electronics and the personal care industry are major drivers for silicone polymers.
Due to their high water repellence and flexibility, methyl-based silicons are becoming a popular choice worldwide. They are suitable for use in electronics and automobile industries. Market growth is expected to be driven by rising demand for lightweight alternatives for metal and glass over the forecast period.
The widely-used chemical intermediate chloromethanes in the production of many different chlorine derivatives is chloromethane. Methylene chloride is used in the production process of polycarbonate,phenolic and other chlorine derivatives. Meanwhile, methyl chloride is used in the manufacturing of Agrochemicals such as monosodium methanearsonate and paraquat. The high demand for phenolic and polycarbonate chemicals is expected to drive the market growth for chloromethane.
Asia Pacific will see the fastest CAGR at 5.3% between 2020 and 2027. It is also expected to become the largest regional market in the next few years. It is expected that the region will see increased production due to its abundant feedstock supply and significant shale gas reserves. Chemical production has also increased at an incredible rate due to these factors. Due to their easy access to raw materials and lower labor costs, many major players have begun to shift their focus to high-opportunity markets like India and China.
The pharmaceutical industry is one of the largest end-use markets for chloromethane across Asia Pacific. Many pharmaceutical companies have invested in R&D to develop new drugs since the discovery of new viruses in the region. These activities will drive demand for lab chemicals and drug additives such as chloromethane.
Due to strict regulations in Europe, the demand for chloromethane is expected to increase moderately. Due to increased construction activities and chemical intermediate production, the Czech Republic, Poland, and Belgium are expected to lead the European market. The region's mature markets are Germany and the U.K., with Germany being the biggest exporter and the U.K. being the largest importer.
This market is very competitive. Multinational companies can be integrated into the value chain to produce methanol, methylene, and chloromethane. Market growth is influenced by the competitive factors such as regulatory approvals, product portfolios, pricing, geographic presence, manufacturing technology, and pricing. The market leader in chloromethane is:
Asahi Glass Co. Ltd.
Tokuyama Corp.
AGC Chemicals Ltd.
Gujarat Alkalies and Chemicals Ltd.
Occidental Chemical Corp.
AkzoNobel N.V.
Shin-Etsu Chemical Co. Ltd.
Solvay S.A.
INEOS Group
Up Market Research published a new report titled “Chloromethane Market research report which is segmented by End Use (Pharma, Personal Care Products), by Product (Methyl Chloride, Methylene Chloride, Chloroform), By Players/Companies AkzoNobel NV, Solvay SA, Asahi Glass Co Ltd, Shin-Etsu Chemical Co Ltd, INEOS Group, Tokuyama Corp, AGC Chemicals Ltd, Gujarat Alkalies and Chemicals Ltd, Occidental Chemical Corp”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Chloromethane Market Research Report |
By End Use | Pharma, Personal Care Products |
By Product | Methyl Chloride, Methylene Chloride, Chloroform |
By Companies | AkzoNobel NV, Solvay SA, Asahi Glass Co Ltd, Shin-Etsu Chemical Co Ltd, INEOS Group, Tokuyama Corp, AGC Chemicals Ltd, Gujarat Alkalies and Chemicals Ltd, Occidental Chemical Corp |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 243 |
Number of Tables & Figures | 171 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by End Use (Pharma, Personal Care Products), by Product (Methyl Chloride, Methylene Chloride, Chloroform).
Chloromethane Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Chloromethane Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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