Chloromethane Market Key Drivers & On-Going Trends 2018 - 2026

Global Chloromethane Market: Introduction

Chloromethane, also known as methyl chloride, belongs to a group of organic compounds called halo alkanes. Chloromethane occurs in the form of extremely flammable colorless gas, which is usually detected at toxic levels. Chloromethane is synthesized by boiling a mixture of sodium chloride, sulfuric acid, and methanol. A large amount of chloromethane is produced naturally in the oceans through the action of sunlight on chlorine and biomass in the sea foam. Chloromethane is primarily utilized in the manufacture of silicone polymers and in petroleum refining. Chloromethane was earlier used as a refrigerant, but it was discontinued due to high flammability and toxicity of the compound.

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Global Chloromethane Market: Overview

The chloromethane market has been segmented based on type and application. Based on type, the market has been divided into methyl chloride, methylene chloride, chloroform, and carbon tetrachloride. Among these, methyl chloride is the leading segment, as methyl chloride is largely used in medical and pharmaceutical industries. In terms of application, the global chloromethane market can be segmented into pharmaceutical, silicon, medical, foam blowing, and chemical intermediaries. Silicon is expected to be the leading application segment during the forecast period, owing to significant demand for silicon from medical and personal care industries. Moreover, increasing household incomes and rising living standards in Asia Pacific are fueling the demand for high-quality products containing silicone in the region.

Global Chloromethane Market: Trends & Developments

The chloromethane market is largely driving by its significant applications in various end-use industries such as transportation, automotive, medical, and personal care. The significant performance of silicone has increased its usage across a range of industries. This, in turn, promotes growth of the chloromethane market. However, growing health concerns due to the hazardous impact of chloromethane led by its high toxicity and flammability are anticipated to hamper the global chloromethane market during the forecast period. The growing R&D activities for developing innovative techniques for use in the production of chloromethane are projected to offer new growth opportunities to the global chloromethane market in the next few years.

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Global Chloromethane Market: Key Players

Asahi Glass Co. Ltd., Alfa Aesar, Akzonobel N.V., Ercros S.A, Gujarat Alkalies and Chemicals Ltd., INEOS Group, Kem One, Occidental Chemical Corporation, Shin-Etsu Chemical Co. Ltd., Solvay, SRF Ltd., The Dow Chemical Company, and Tokuyama Corporation are prominent players operating in the global chloromethane market.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousand