The chloromethane global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Chloromethane Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The chloromethane market size has grown strongly in recent years. It will grow from <b>$3.77 billion in 2023 to $4.04 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. </b> The growth in the historic period can be attributed to chemical industry growth, industrial applications, plastics and polymers production, silicone production, pharmaceutical sector demand.
The chloromethane market size is expected to see strong growth in the next few years. It will grow to <b>$5.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. </b> The growth in the forecast period can be attributed to expanding silicone demand, agricultural chemicals demand, evolving solvent applications, electronics and semiconductor sector expansion, global manufacturing expansion. Major trends in the forecast period include innovations and r&d investment, regulatory shifts and compliance, adaptation in energy sectors, emerging market growth, utilization as a solvent and intermediate.
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Scope Of Chloromethane Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Chloromethane Market Overview
Market Drivers –
The growing drug and medical industry are expected to propel the chloromethane market going forward. The medical industry consists of businesses that provide medical services, manufacture medical equipment or drugs, provide medical insurance, or otherwise facilitate the provision of healthcare to patients. Chloromethane is used as a chemical intermediate in the production of drugs and medicines, so the growing medical industry helps in market growth. For instance, in March 2023, according to the American Medical Association, a US-based non-profit organization, health spending in the U.S. increased by 2.7% in 2021 to $4.3 trillion or $12,914 per capita.. Therefore, the growing drug and medical industry are driving the chloromethane market.
Market Trends –
Increasing sales of passenger vehicles are expected to propel the chloromethane market going forward. Passenger vehicles refer to automobiles that are meant for the transportation of passengers. The use of chloromethane in passenger vehicles helps to be less in weight as they become more fuel-efficient and thus reduce carbon emissions. For instance, In 2021, according to the International Organization of Motor Vehicle Manufacturers, a France-based international organization of vehicle manufacturers, assemblers, and importers, the global sale of passenger cars increased by 4.39% to 56.3 million in 2021. Therefore, the increasing sales of passenger vehicles are driving the chloromethane market.
The chloromethane market covered in this report is segmented –
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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Regional Insights –
Asia-Pacific was the largest region in the chloromethane market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the chloromethane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the chloromethane market report are 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.
Table of Contents
1. Executive Summary
2. Chloromethane Market characterstics
3. Chloromethane Market Trends And Strategies
4. Chloromethane Market – Macro Economic Scenario
5. Global Chloromethane Market Size And Growth
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31. Global Chloromethane Market Competitive Benchmarking
32. Global Chloromethane Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Chloromethane Market
34. Chloromethane Market Future Outlook and Potential Analysis
35. Appendix
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