The global methylene chloride market was valued at $785.6 million in 2015, and it is expected to grow at a CAGR of 5.1% during 2016 – 2022. The factors driving the growth of the global market include increasing use of solvent in end-use industries, increasing demand of methylene chloride from developing nations, and increasing demand from paints and coatings industry. Additionally, the increasing demand from niche engineering industries is further boosting the opportunities for the methylene chloride market.
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Methylene chloride or dichloromethane (DCM) is a colorless, volatile, neutral liquid with a moderately sweet aroma that is mainly used as a solvent. Though it is not miscible in water, it dissolves easily with organic solvents. Methylene chloride is extensively used in numerous industries ranging from paints and varnishes, adhesive, chemicals; to beverage, pharmaceutical and in manufacturing of polyurethane foam that are used as blowing agent in various metal casting application. Paints and Varnishes industries use methylene chloride for formulating various paint stripper and powder coating removal chemicals. With the growth of the paints and coatings market, the demand for methylene chloride is also increasing rapidly. The paints and varnishes industry is expected to register substantial growth during the forecast period.
In 2015, Asia-Pacific held the largest share (78.9%) in the global methylene chloride market in terms of value, growing at a CAGR of 5.2%. The major reasons behind the growth of the methylene chloride market in the region include improving health services and high demand from paints and varnishes industry. The North American and European methylene chloride market are expected to witness steady growth, while the demand of methylene chloride from these regions is expected to remain stable during the forecast period. The rest of the world would grow significantly during the forecast period.
Among the various applications, the pharmaceuticals segment held the largest share in the global methylene chloride market in terms of both value and volume. However, the paint and varnishes building segment is anticipated to witness the fastest growth at a CAGR of 4.3% during 2016 – 2022.
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The information and data in the publication “Global Methylene Chloride Market Size, Share, Development, Growth and Demand Forecast to 2022”, represents the research and analysis of data from various primary and secondary sources. An amalgamation of bottom-up and top-down has been used to calculate the market size. P&S Market Research analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
Some of the major players operating in the global methylene chloride market include AkzoNobel N.V, INEOS group, The Dow Chemical Company, Occidental Petroleum Corporation, Eastman Chemical Company, Gujarat Alkalies and Chemicals Ltd., KEM ONE, Ercros S.A., and Shin-Etsu Chemical Co.
GLOBAL METHYLENE CHLORIDE MARKET SEGMENTATION
Food and Beverages
Paints and Varnishes
Chemical and Foam Manufacturing
Rest of North America
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Middle East and Africa
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