Chloromethane Market Will Reflect Significant Growth Prospects during 2018 - 2026
Chloromethane, also known as methyl chloride, belongs to a group of organic compounds called halo alkanes. Chloromethane occurs in the form of extremely flammable colorless gas, which is usually detected at toxic levels. Chloromethane is synthesized by boiling a mixture of sodium chloride, sulfuric acid, and methanol. A large amount of chloromethane is produced naturally in the oceans through the action of sunlight on chlorine and biomass in the sea foam. Chloromethane is primarily utilized in the manufacture of silicone polymers and in petroleum refining. Chloromethane was earlier used as a refrigerant, but it was discontinued due to high flammability and toxicity of the compound.
Global Chloromethane Market: Overview
The chloromethane market has been segmented based on type and application. Based on type, the market has been divided into methyl chloride, methylene chloride, chloroform, and carbon tetrachloride. Among these, methyl chloride is the leading segment, as methyl chloride is largely used in medical and pharmaceutical industries. In terms of application, the global chloromethane market can be segmented into pharmaceutical, silicon, medical, foam blowing, and chemical intermediaries. Silicon is expected to be the leading application segment during the forecast period, owing to significant demand for silicon from medical and personal care industries. Moreover, increasing household incomes and rising living standards in Asia Pacific are fueling the demand for high-quality products containing silicone in the region.
Global Chloromethane Market: Trends & Developments
The chloromethane market is largely driving by its significant applications in various end-use industries such as transportation, automotive, medical, and personal care. The significant performance of silicone has increased its usage across a range of industries. This, in turn, promotes growth of the chloromethane market. However, growing health concerns due to the hazardous impact of chloromethane led by its high toxicity and flammability are anticipated to hamper the global chloromethane market during the forecast period. The growing R&D activities for developing innovative techniques for use in the production of chloromethane are projected to offer new growth opportunities to the global chloromethane market in the next few years.
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Global Chloromethane Market: Regional Outlook
Asia Pacific is anticipated to the leading global chloromethane market across the world in the near future, due to less stringent regulatory norms and rising industrial activities across various end-use industries such as pharmaceutical. Furthermore, the significant from demand infrastructure activities is also estimated to drive the global chloromethane market in the region in the next few years. Demand for chloromethane from developing as well as developed economies such as China, India, and Japan is projected to increase significantly from 2018 to 2026, owing to increase in the demand for chemical intermediates, pharmaceuticals, and foam-blowing agents in these countries. The global chloromethane market in North America and Europe is estimated to expand at a moderate pace, due to growing environmental concerns related to toxic gas emissions from industries. The global chloromethane market in Latin America and Middle East & Africa is expected to witness for considerable growth between 2018 and 2026, owing to the rising demand for chloromethane from various end-use industries such as automotive and pharmaceutical in these regions.
Global Chloromethane Market: Key Players
Asahi Glass Co. Ltd., Alfa Aesar, Akzonobel N.V., Ercros S.A, Gujarat Alkalies and Chemicals Ltd., INEOS Group, Kem One, Occidental Chemical Corporation, Shin-Etsu Chemical Co. Ltd., Solvay, SRF Ltd., The Dow Chemical Company, and Tokuyama Corporation are prominent players operating in the global chloromethane market.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Transparency Market Research
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Tel: +1-518-618-1030
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Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Global Chloromethane Market: Overview
The chloromethane market has been segmented based on type and application. Based on type, the market has been divided into methyl chloride, methylene chloride, chloroform, and carbon tetrachloride. Among these, methyl chloride is the leading segment, as methyl chloride is largely used in medical and pharmaceutical industries. In terms of application, the global chloromethane market can be segmented into pharmaceutical, silicon, medical, foam blowing, and chemical intermediaries. Silicon is expected to be the leading application segment during the forecast period, owing to significant demand for silicon from medical and personal care industries. Moreover, increasing household incomes and rising living standards in Asia Pacific are fueling the demand for high-quality products containing silicone in the region.
Global Chloromethane Market: Trends & Developments
The chloromethane market is largely driving by its significant applications in various end-use industries such as transportation, automotive, medical, and personal care. The significant performance of silicone has increased its usage across a range of industries. This, in turn, promotes growth of the chloromethane market. However, growing health concerns due to the hazardous impact of chloromethane led by its high toxicity and flammability are anticipated to hamper the global chloromethane market during the forecast period. The growing R&D activities for developing innovative techniques for use in the production of chloromethane are projected to offer new growth opportunities to the global chloromethane market in the next few years.
Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=52272
Global Chloromethane Market: Regional Outlook
Asia Pacific is anticipated to the leading global chloromethane market across the world in the near future, due to less stringent regulatory norms and rising industrial activities across various end-use industries such as pharmaceutical. Furthermore, the significant from demand infrastructure activities is also estimated to drive the global chloromethane market in the region in the next few years. Demand for chloromethane from developing as well as developed economies such as China, India, and Japan is projected to increase significantly from 2018 to 2026, owing to increase in the demand for chemical intermediates, pharmaceuticals, and foam-blowing agents in these countries. The global chloromethane market in North America and Europe is estimated to expand at a moderate pace, due to growing environmental concerns related to toxic gas emissions from industries. The global chloromethane market in Latin America and Middle East & Africa is expected to witness for considerable growth between 2018 and 2026, owing to the rising demand for chloromethane from various end-use industries such as automotive and pharmaceutical in these regions.
Global Chloromethane Market: Key Players
Asahi Glass Co. Ltd., Alfa Aesar, Akzonobel N.V., Ercros S.A, Gujarat Alkalies and Chemicals Ltd., INEOS Group, Kem One, Occidental Chemical Corporation, Shin-Etsu Chemical Co. Ltd., Solvay, SRF Ltd., The Dow Chemical Company, and Tokuyama Corporation are prominent players operating in the global chloromethane market.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com