The new report by Expert Market Research titled, ‘Global Chloromethane Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global chloromethane market, assessing the market based on its segments like products, applications, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 4%
The market growth of chloromethane is being driven by the growing demand for the product from the silicone industry. The market is further aided by the accelerating demand from the personal care and medical sectors. Further, the industry is positively affected by the enhancing living standards, expanding middle class, and rising disposable incomes in the Asia Pacific region, along with the rest of the world, as they contribute significantly to the growing demand for high-quality products having silicone. Economies of the Asia Pacific region are encouraging the growth of chloromethane. China is the most attractive marketplace for the key players. Thereby, promoting the market growth of the product in the region.
Industry Definition and Major Segments
Chloromethane or methyl chloride is a part of a group of organic compounds named haloalkanes. It is produced by boiling a mixture of sodium chloride, sulphuric acid, and methanol. It is generally used in the production of silicone polymers, butyl rubber, and in petroleum refining.
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Based on product, the market is divided into:
• Methylene Chloride
• Methyl Chloride
• Carbon Tetrachloride
On the basis of application, the industry can be segmented into:
• Industrial Solvent
• Silicone Polymers
• Chemical Intermediates
• Methylating and Chlorinating Agents
• Propellant and Blowing Agents
• Catalyst Carrier
• Local Anaesthetic
• Adhesives and Sealants
By end use, the industry is segregated into:
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The chloromethane industry is driven by the growing demand from the silicone industry in many applications such as medical, automotive, transportation, and personal care. In addition, silicone exhibits durable performance, which has enhanced its application prospects in many industries, as a result, supporting the market growth of chloromethane. The growing demand for the product from the emerging economies of the Asia Pacific region is boosting the market growth of chloromethane. Further, the technical innovation within the industry is expected to propel the market growth over the forecast period.
Key Market Players
The major players in the market are AGC Inc. (TYO: 5201), Akzonobel N.V. (AMS: AKZA), Shin-Etsu Chemical Co. Ltd (TYO: 4063), Gujarat Alkalies and Chemical Limited (NSE: GUJALKALI), Nouryon, and Tokyo Chemical Industry Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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