Chloromethane Market 2020- Trends, Key Players, Overview, Demand, Analysis and Regional Forecast by

Growing demand for chloromethane from the silicone industry is expected to drive the growth of Chloromethane Market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

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Chloromethane is most widely used in silicon polymer production as well as butyl rubber. The growing chloromethane utility in petroleum refining has also positively impacted the market. Chloromethane, also known as methyl chloride is produced from sulfuric acid, sodium chloride, and methanol mixture. It is an extremely flammable and colorless gas, hence widely used as a chlorinating and methylating agent in organic chemistry.

Segment Analysis

The global chloromethane market is segmented on the basis of its type.

On the basis of type, it is segmented into methyl chloride, chloroform, methylene chloride, and carbon tetrachloride. Methyl chloride is a majorly used product owing to its extensive usage as immediate feedstock for methylene chloride, carbon tetrachloride, and chloroform production. Chloroform which is also known by trichloromethane has witnessed a significant rise in its demand as a result of its comprehensive s such as an early anesthetic in not only dentistry & surgery, in organic separation & synthesis, but also as a precursor in teflon production. Carbon tetrachloride segment has also seen a brisk rise in its growth owing to its potential use as hepatotoxin in scientific research to evaluate liver protective agents.

Key Factors Impacting Market Growth:

• Growing demand for chloromethane from the silicone industry

• Growth of the sectors such as transportation, automotive, and medical.

Regional Analysis

On the basis of the region, the chloromethane market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.

Asia Pacific and Middle East are expected to register substantial growth in chloromethane market during the forecast period. This demand is with regards to the growth of major types such as Methyl Chloride, Methylene Chloride, Chloroform, Carbon Tetrachloride. Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for chloromethane market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for chloromethane market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: The Dow Chemical Company, Tokuyana Corporation, Asahi Glass Co. Ltd., Gujarat Alkalies and Chemicals Ltd., AkzoNobel N.V., Occidental Chemical Corporation, Solvay SA and Shin-Etsu.

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