The Chloromethane Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Chloromethane Global Market Report
2024, The chloromethane market size has grown strongly in recent years. It will
grow from $3.77 billion in 2023 to $4.04 billion in 2024 at a compound annual
growth rate (CAGR) of 6.9%. 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 $5.22 billion in 2028 at a compound annual growth rate
(CAGR) of 6.6%. 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..
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.
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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
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 report table of contents includes:
1. Executive Summary
2.
Chloromethane Market Characteristics
3.
Chloromethane Market Trends And Strategies
4.
Chloromethane Market - Macro Economic Scenario
5. Global
Chloromethane Market Size and Growth
.
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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