The global chloromethane market is segmented into product type such as methyl chloride, methylene chloride, chloroform and carbon tetrachloride. Among these segments, methyl chloride segment is expected to grab major market share in global chloromethane market due to its used for the production of silicones. Further, other applications of methyl chloride in the building and rubber businesses and as a chemical intermediate are expected to fuel the consumption of chloromethane over the forecast period. However, chloroform segment is also expected to show cast significant growth owing to its use in refrigeration market.
Global chloromethane market is expected to register a notable CAGR over the forecast period. Moreover, the global chloromethane market expected to reach at notable revenue by the end of 2027. The market is expected to expand on the back of wide range of chloromethane applications and rapid industrialization across the globe. Apart from this, R&D activities to develop new application of chloromethane are also expected to foster the growth of chloromethane market in near future.
The silicone polymers segment by application accounted for major shares in global chloromethane market and is likely to grow at remarkable pace during the forecast period. Rising use of global chloromethane in production of silicon for further end use applications such as manufacturing of synthetic rubbers and others is expected to garner the growth of this segment over the forecast period.
Chloromethane has a wide range of industrial applications and is aggressively adopted by healthcare, chemical, agriculture and automotive industries. In the developing world, with the rise in industrialization across all regions of world, the demand for chloromethane is expected to rise in upcoming years. Growing use of chloromethane in manufacturing of synthetic rubber is expected to increase the demand for chloromethane in automotive industry and consumer products industries over the forecast period.
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New Plant Developments
The demand for chloromethane is increasing rapidly. Further, in order to meet the global demand for chloromethane, the government and companies are establishing new production plants to increase the production capacity of chloromethane. This factor is predicted to bolster the growth of market in upcoming years. For instance, SRF Limited has initiated a chloromethane plant in India to meet India’s pharmaceutical demands.
However, high flammability and toxicity of chloromethane are some of the factors that are likely to inhibit the growth of the chloromethane market in the near future.
The report titled “Global Chloromethane Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global chloromethane market in terms of market segmentation by product type, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global chloromethane market which includes company profiling of The DOW Chemical Company, Shin-Etsu Chemical Co. Ltd., KEM One, AkzoNobel N.V., Occidental Petroleum Corporation, Solvay S.A., Tokuyama Corp., Gujarat Alkalies & Chemicals Ltd., SRF Limited, AGC Chemicals. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global chloromethane market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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