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Market HighlightsGlobal Chloromethane Market is expected to grow at ~4.63% CAGR during 2016-2022. Global Chloromethane market size is expected to grow at highest rate of approximately ~2171.6 million by 2022
Chloromethane also known as methyl chloride belongs to organic chemical compound called as haloalkanes. Owing to high flammability toxic gas, chloromethane is colorless and slightly possess sweet odor. Chloromethane synthesized by chemical reaction of hydrogen chloride and methanol. Naturally, chloromethane is produced by effect of sunlight on biomass and chlorine present in sea form. Traditionally, chloromethane was used as refrigerant but was banned in consumer goods owing to its high toxicity level.
The Global Chloromethane Market witnessed a significant growth on account of increasing demand as chemical intermediate in formation of its derivatives such as methylene chloride, carbon tetrachloride and chloroform. Chloromethane is widely used in production of silicone polymer and butyl rubber. According to types, chloroform is segmented into methylene chloride, methyl chloride, carbon tetrachloride, chloroform. Methyl chloride another name of chloromethane dominates the product segment over the forecasted period. this is due to large application in growing medical and pharmaceutical industry. Methyl chloride is also used in production of methyl cellulose and butyl rubber. Other types such as methylene chloride is utilized as blowing agent, paint removal and metal cleaning in pharmaceutical, construction and automobile industries. Carbon tetrachloride segment is expected to grow at rapid pace owing to its potential use in agrochemicals, pharmaceuticals and solvents manufacturing. Chloroform register positive growth owing to its usage in medical and pharmaceutical industry.
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Key Players
Key players of the global high Chloromethane market are
• The Dow Chemical Company (U.S),
• Asahi Glass Co. Ltd. (Japan),
• Gujarat Alkalies and Chemicals Ltd (India),
• Alfa Aesar (U.S),
• Akzonobel N.V.(Europe),
• Solvay SA (Europe),
• INEOS Group (Europe),
• Tokuyana Corporation (Japan),
• Shin-Etsu Chemical Co., Ltd. (Japan),
• Occidental Chemical Corporation (U.S.)
• others.
Application industry Analysis:
Major application segment of chloromethane is silicone industry owing to its diverse applications such as automotive, personal care and electronic industry. Growing automobile and pharmaceutical industry, contributes to large application of silicone polymer which enables the growth of chloromethane market. However, owing to high flammability and toxicity of chloromethane has caused concern regarding health issues. Thus, growing government regulations regarding environmental issues can hamper the further growth of chloromethane market. Growing applications such as utility in petrol refining, drug manufacturing for local anesthetic, plastic manufacturing for binding purpose has augmented overall growth of chloromethane market.
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Segmentation:
The Global Chloromethane Market is majorly segmented on the basis of types and application. Based on types of Chloromethane the market is segmented into Methylene Chloride, Methyl Chloride, Carbon Tetrachloride, Chloroform. Similarly, on the basis of application the market is classified into Pharmaceuticals, Silicone polymers, Agrochemicals, Chemical intermediate, Personal-care, Medical, Others.
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