Global Chloromethane Market by End Use (Pharma, Personal Care Products), by Product (Methyl Chloride, Methylene Chloride, Chloroform) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
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.
Product Insights
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.
End-use Insights
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.
Application Insights
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.
Regional Insights
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.
Market Share Insights & Key Companies
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:
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Asahi Glass Co. Ltd.
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Tokuyama Corp.
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AGC Chemicals Ltd.
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Gujarat Alkalies and Chemicals Ltd.
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Occidental Chemical Corp.
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AkzoNobel N.V.
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Shin-Etsu Chemical Co. Ltd.
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Solvay S.A.
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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 Scope
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.
Global Chloromethane Market Report Segments:
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:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Chloromethane Market
Overview of the regional outlook of the Chloromethane Market:
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.
Highlights of The Chloromethane Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Chloromethane Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Pharma
2. Personal Care Products
7. By Product:1. Methyl Chloride
2. Methylene Chloride
3. Chloroform
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
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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Reasons to Purchase the Chloromethane Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chloromethane Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chloromethane Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chloromethane Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chloromethane Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chloromethane Market Size & Forecast, 2018-2028
4.5.1 Chloromethane Market Size and Y-o-Y Growth
4.5.2 Chloromethane Market Absolute $ Opportunity
Chapter 5 Global Chloromethane Market Analysis and Forecast by End Use
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by End Use
5.1.2 Basis Point Share (BPS) Analysis by End Use
5.1.3 Absolute $ Opportunity Assessment by End Use
5.2 Chloromethane Market Size Forecast by End Use
5.2.1 Pharma
5.2.2 Personal Care Products
5.3 Market Attractiveness Analysis by End Use
Chapter 6 Global Chloromethane Market Analysis and Forecast by Product
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Product
6.1.2 Basis Point Share (BPS) Analysis by Product
6.1.3 Absolute $ Opportunity Assessment by Product
6.2 Chloromethane Market Size Forecast by Product
6.2.1 Methyl Chloride
6.2.2 Methylene Chloride
6.2.3 Chloroform
6.3 Market Attractiveness Analysis by Product
Chapter 7 Global Chloromethane Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chloromethane Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Chloromethane Analysis and Forecast
9.1 Introduction
9.2 North America Chloromethane Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Chloromethane Market Size Forecast by End Use
9.6.1 Pharma
9.6.2 Personal Care Products
9.7 Basis Point Share (BPS) Analysis by End Use
9.8 Absolute $ Opportunity Assessment by End Use
9.9 Market Attractiveness Analysis by End Use
9.10 North America Chloromethane Market Size Forecast by Product
9.10.1 Methyl Chloride
9.10.2 Methylene Chloride
9.10.3 Chloroform
9.11 Basis Point Share (BPS) Analysis by Product
9.12 Absolute $ Opportunity Assessment by Product
9.13 Market Attractiveness Analysis by Product
Chapter 10 Europe Chloromethane Analysis and Forecast
10.1 Introduction
10.2 Europe Chloromethane Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Chloromethane Market Size Forecast by End Use
10.6.1 Pharma
10.6.2 Personal Care Products
10.7 Basis Point Share (BPS) Analysis by End Use
10.8 Absolute $ Opportunity Assessment by End Use
10.9 Market Attractiveness Analysis by End Use
10.10 Europe Chloromethane Market Size Forecast by Product
10.10.1 Methyl Chloride
10.10.2 Methylene Chloride
10.10.3 Chloroform
10.11 Basis Point Share (BPS) Analysis by Product
10.12 Absolute $ Opportunity Assessment by Product
10.13 Market Attractiveness Analysis by Product
Chapter 11 Asia Pacific Chloromethane Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Chloromethane Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Chloromethane Market Size Forecast by End Use
11.6.1 Pharma
11.6.2 Personal Care Products
11.7 Basis Point Share (BPS) Analysis by End Use
11.8 Absolute $ Opportunity Assessment by End Use
11.9 Market Attractiveness Analysis by End Use
11.10 Asia Pacific Chloromethane Market Size Forecast by Product
11.10.1 Methyl Chloride
11.10.2 Methylene Chloride
11.10.3 Chloroform
11.11 Basis Point Share (BPS) Analysis by Product
11.12 Absolute $ Opportunity Assessment by Product
11.13 Market Attractiveness Analysis by Product
Chapter 12 Latin America Chloromethane Analysis and Forecast
12.1 Introduction
12.2 Latin America Chloromethane Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Chloromethane Market Size Forecast by End Use
12.6.1 Pharma
12.6.2 Personal Care Products
12.7 Basis Point Share (BPS) Analysis by End Use
12.8 Absolute $ Opportunity Assessment by End Use
12.9 Market Attractiveness Analysis by End Use
12.10 Latin America Chloromethane Market Size Forecast by Product
12.10.1 Methyl Chloride
12.10.2 Methylene Chloride
12.10.3 Chloroform
12.11 Basis Point Share (BPS) Analysis by Product
12.12 Absolute $ Opportunity Assessment by Product
12.13 Market Attractiveness Analysis by Product
Chapter 13 Middle East & Africa (MEA) Chloromethane Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Chloromethane Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Chloromethane Market Size Forecast by End Use
13.6.1 Pharma
13.6.2 Personal Care Products
13.7 Basis Point Share (BPS) Analysis by End Use
13.8 Absolute $ Opportunity Assessment by End Use
13.9 Market Attractiveness Analysis by End Use
13.10 Middle East & Africa (MEA) Chloromethane Market Size Forecast by Product
13.10.1 Methyl Chloride
13.10.2 Methylene Chloride
13.10.3 Chloroform
13.11 Basis Point Share (BPS) Analysis by Product
13.12 Absolute $ Opportunity Assessment by Product
13.13 Market Attractiveness Analysis by Product
Chapter 14 Competition Landscape
14.1 Chloromethane Market: Competitive Dashboard
14.2 Global Chloromethane Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel NV
14.3.2 Solvay SA
14.3.3 Asahi Glass Co Ltd
14.3.4 Shin-Etsu Chemical Co Ltd
14.3.5 INEOS Group
14.3.6 Tokuyama Corp
14.3.7 AGC Chemicals Ltd
14.3.8 Gujarat Alkalies and Chemicals Ltd
14.3.9 Occidental Chemical Corp