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Global Chloromethane Market to reach USD 7.75 billion by the end of 2030.

Global Chloromethane Market Size study & Forecast, by Product (Methylene Chloride, Methyl Chloride, Carbon Tetrachloride, Chloroform, Others), by Application (Refrigerant, Industrial Solvent, Silicone Polymers, Laboratory Chemicals, Chemical Intermediates, Others), by End User (Pharmaceutical, Agrochemicals, Textile, Automotive, Construction, Others) and Regional Analysis, 2023-2030

Product Code: CMAM-89830578
Publish Date: 10-06-2023
Page: 200

Global Chloromethane Market is valued at approximately USD 5.287 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.9% over the forecast period 2023-2030. Chloromethane, commonly known as methyl chloride, is a chemical molecule that belongs to the haloalkanes category of organic chemicals. It is a hazardous gas that is very flammable and has a pleasant odour. Chloromethane is generally produced by the activity of sunlight on biomass and chlorine present in the ocean structure. Chloromethane was initially used as a refrigerant. Growing demand from the pharmaceutical and personal care sectors, as well as the ongoing production of higher chlorinated methane and rapid industrialization, fuel the need for chloromethane. Also, rising affordability and increased passenger car sales are expected to drive market expansion. As cars get lighter, the need for silicone polymers in the automobile sector rises.

Increasing Silicon usage in personal care and medical applications can drive the market. The majority of chloromethane generated is utilised as a feedstock in the production of chemical intermediates such as methyl chlorosilanes. These methyl chlorosilanes are used in the manufacturing of silicone fluids. Chloromethane-based silicone fluids are used in a variety of goods, including processing aids and specialized chemicals for consumer products. According to the Global Silicones Council, in 2019, the construction industry sells an estimated 673,000 tones of silicone materials each year, the highest amount marketed among other industries such as automotive, paints and coatings, and others. According to the IMF, the worldwide construction industry’s income is predicted to expand gradually over the next several years, reaching USD 4.4 trillion by 2030. Additionally, Ongoing research and development in the production of chloromethane are expected to offer various lucrative opportunities for market growth also Increasing international trade of fresh food products and an increase in demand for perishable foods from consumers. However, the high toxicity level and environmental concern stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Chloromethane Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to increasing pharmaceuticals and growing demand for silicon. The pharmaceutical market is rapidly emerging due to the country’s growing middle-class and aging society. The pharmaceutical sales of the country reached USD 175 billion by 2022.According to International Trade Administration, China is investing USD 1.43 trillion in major construction projects in the next five years till 2025. According to National Development and Reform Commission (NDRC) While Guangzhou inked 16 new infrastructure projects with an expenditure of USD 8.09 billion, the Shanghai plan calls for an investment of USD 38.7 billion over the following three years. The predicted total volume of silicon produced worldwide in 2021 was 8 million metric tons. China is the greatest producer of silicon in the world, with a volume of output estimated at six million metric tons. in 2021, followed by Russia, which produced 580,000 metric tons in the same year. North America is expected to grow significantly during the forecast period, owing to the significant presence of industries such as chemicals, pharmaceuticals, electronics, and automotive, which are major consumers of chloromethane. These industries often require chloromethane as a solvent, intermediate, or chemical feedstock for various manufacturing processes.

Major market player included in this report are:
Asahi Glass Pvt. Ltd.
Tokuyama Corp
AGC Chemicals Pvt Ltd.
Gujarat Alkalies and Chemicals Ltd.
Occidental Chemical Corp.
AkzoNobel N.V.
Shin-Etsu Chemical Co. Ltd.
Solvay S.A.
Dow Chemical Company
Alfa Aesur

Recent Developments in the Market:
Ø In January 2023, Nouryon, a worldwide speciality chemical company, announced the purchase of a Poland-based producer of chelated micronutrients, foliar, and other specialist agricultural solutions. With this purchase, the firm is able to increase its services and product offerings to industrial clients.
Ø In May 2022, GC Inc., a multinational maker of glass and chemicals, boosted the capacity of AGC’s chlor-alkali operation in the Indochina Peninsula The yearly manufacturing capacity of caustic soda, polyvinyl chloride (PVC), and vinyl chloride monomer increased with a USD 0.76 billion expenditure.
Global Chloromethane Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Application, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Methylene Chloride
Methyl Chloride
Carbon Tetrachloride

By Application:
Industrial Solvent
Silicone Polymers
Laboratory Chemicals
Chemical Intermediates

By End User:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Chloromethane Market, by Region, 2020-2030 (USD Billion)
1.2.2. Chloromethane Market, by Product, 2020-2030 (USD Billion)
1.2.3. Chloromethane Market, by Application, 2020-2030 (USD Billion)
1.2.4. Chloromethane Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Chloromethane Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Chloromethane Market Dynamics
3.1. Chloromethane Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing Usage of Silicone in Various End-user Industries Growing Demand from the Pharmaceutical and Personal Care Industries
3.1.2. Market Challenges High toxicity level and environmental concern
3.1.3. Market Opportunities Development in research and development in the production Abundant feedstock availability and a significant number of shale gas reserves
Chapter 4. Global Chloromethane Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Chloromethane Market, by Product
5.1. Market Snapshot
5.2. Global Chloromethane Market by Product, Performance – Potential Analysis
5.3. Global Chloromethane Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Chloromethane Market, Sub Segment Analysis
5.4.1. Methylene Chloride,
5.4.2. Methyl Chloride
5.4.3. Carbon Tetrachloride
5.4.4. Chloroform
5.4.5. Others
Chapter 6. Global Chloromethane Market, by Application
6.1. Market Snapshot
6.2. Global Chloromethane Market by Application, Performance – Potential Analysis
6.3. Global Chloromethane Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Chloromethane Market, Sub Segment Analysis
6.4.1. Refrigerant
6.4.2. Industrial Solvent
6.4.3. Silicone Polymers
6.4.4. Laboratory Chemicals
6.4.5. Chemical Intermediates
6.4.6. Others
Chapter 7. Global Chloromethane Market, by End User
7.1. Market Snapshot
7.2. Global Chloromethane Market by End User, Performance – Potential Analysis
7.3. Global Chloromethane Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
7.4. Chloromethane Market, Sub Segment Analysis
7.4.1. Pharmaceutical
7.4.2. Agrochemicals
7.4.3. Textile
7.4.4. Automotive
7.4.5. Construction
7.4.6. Others

Chapter 8. Global Chloromethane Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Chloromethane Market, Regional Market Snapshot
8.4. North America Chloromethane Market
8.4.1. U.S. Chloromethane Market Product breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Chloromethane Market
8.5. Europe Chloromethane Market Snapshot
8.5.1. U.K. Chloromethane Market
8.5.2. Germany Chloromethane Market
8.5.3. France Chloromethane Market
8.5.4. Spain Chloromethane Market
8.5.5. Italy Chloromethane Market
8.5.6. Rest of Europe Chloromethane Market
8.6. Asia-Pacific Chloromethane Market Snapshot
8.6.1. China Chloromethane Market
8.6.2. India Chloromethane Market
8.6.3. Japan Chloromethane Market
8.6.4. Australia Chloromethane Market
8.6.5. South Korea Chloromethane Market
8.6.6. Rest of Asia Pacific Chloromethane Market
8.7. Latin America Chloromethane Market Snapshot
8.7.1. Brazil Chloromethane Market
8.7.2. Mexico Chloromethane Market
8.8. Middle East & Africa Chloromethane Market
8.8.1. Saudi Arabia Chloromethane Market
8.8.2. South Africa Chloromethane Market
8.8.3. Rest of Middle East & Africa Chloromethane Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Asahi Glass Pvt. Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Tokuyama Corp
9.3.3. AGC Chemicals Pvt Ltd.
9.3.4. Gujarat Alkalies and Chemicals Ltd.
9.3.5. Occidental Chemical Corp.
9.3.6. AkzoNobel N.V.
9.3.7. Shin-Etsu Chemical Co. Ltd.
9.3.8. Solvay S.A.
9.3.9. Dow Chemical Company
9.3.10. Alfa Aesur
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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