chloromethane market, chloromethane market share, chloromethane market growth, chloromethane market segments, chloromethane market forecasts, chloromethane market research
How Will The Chloromethane Market Size Expand in the Coming Years?
The chloromethane market size has witnessed strong growth in recent years, expanding from $4.01 billion in 2024 to $4.28 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 6.6%. Factors such as chemical industry growth, industrial applications, plastics and polymers production, silicone production, and pharmaceutical sector demand have contributed to this uptick. The market size is forecasted to reach $5.65 billion by 2029 at a CAGR of 7.2%, driven by expanding silicone demand, agricultural chemicals demand, evolving solvent applications, electronics and semiconductor sector expansion, and global manufacturing expansion.
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What Are the Key Drivers Fueling Chloromethane Market Growth?
The growing drug and medical industry are key drivers propelling the chloromethane market forward. Chloromethane serves as a chemical intermediate in the production of drugs and medicines, and thus the expanding medical industry facilitates market growth. For instance, by 2027, oncology spending is projected to reach roughly $370 billion, almost double the demand in 2023, driven by the requirement for innovative medicines. Additionally, biotech medicines will represent 35% of the global expenditure. The booming drug and medical industry, therefore, is catalyzing the growth of the chloromethane market.
Which Are the Major Segments Within The Chloromethane Market?
The chloromethane market covered in the report is segmented as follows:
1) By Type: Methylene Chloride, Methyl Chloride, Carbon Tetrachloride, Chloroform
2) By Application: Refrigeration, Industrial Solvents, Chemical Intermediate, Silicones Polymers, Laboratory Chemicals, Temperature Control, Local Anesthetic, Other Applications
3) By End-Use: Pharmaceuticals, Agrochemicals, Automotive, Paints And Coatings, Personal Care And Cosmetics
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Who Are The Major Players In The Chloromethane Market?
Prominent companies operating in the chloromethane market include Dow Inc., Asahi Glass Co. Ltd., Gujarat Alkalies & Chemicals Ltd., AkzoNobel N.V., Solvay SA, Occidental Chemical Corporation, Ineos Group Holdings SA, Kem One SAS, Shin-Etsu Chemical Co. Ltd., Tokuyama Corporation, AGC Chemicals Ltd., Nouryon BV, Sanmar Group, SRF Limited, Fisher Scientific Inc., Gujarat Fluorochemicals Limited, Tokyo Chemical Industry Co. Ltd., BASF SE, The Chemours Company, Ercros S.A., China Petroleum & Chemical Corporation, Jiangsu Yangnong Chemical Group Co. Ltd., Celanese Corporation, Alkyl Amines Chemicals Limited, Merck KGaA, Praxair Inc., Puyang Shenghuade Chemical Co. Ltd., Shandong Dongyue Chemical Co.Ltd., Shandong Taihe Technologies Co. Ltd., Shandong Xinlong Group Co.Ltd.
What Trends Are Emerging In The Chloromethane Market?
The chloromethane market is forecasted to be buoyed by the increasing sales of passenger vehicles. Chloromethane aids passenger vehicles in achieving fuel efficiency and reducing carbon emissions by reducing their weight. For instance, in August, a year-on-year jump of 2.2% was reported in passenger car sales in China, reaching 1.94 million units.
Which Region Will Emerge As The Fastest Growing In The Chloromethane Market?
Asia-Pacific was the largest region in the chloromethane market in 2024 and is expected to be the fastest-growing region in the forecast period. The chloromethane market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Chloromethane Market Report 2025 Offer?
The Chloromethane Market research report from The Business Research Company provides insights into the global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Chloromethane refers to a clear, colorless, extremely flammable, and heavier than air toxic gas used as a refrigerant and in many industrial applications.
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