Global Chloromethane Market 2022-2028

Global Chloromethane Market Size, Share & Trends Analysis Report by Application (Construction, Plastic & Rubber, Paint & Coatings, Pharmaceuticals, Personal Care Products, and Others) Forecast Period 2022-2028

The global chloromethane market is projected to witness a considerable growth rate by exhibiting a CAGR of 4.8% during the forecast period. The major factors driving the growth of the global market include its rising demand as a chemical intermediate, silicon polymer production, and butyl rubber. The chloromethane market includes various end-user industries such as textile, automotive, personal care, pharmaceutical, and paints & coating. Other key driving factors include the rapid industrialization and growth of silicon production across the globe. Easy availability and growing demand for chloromethane derivatives such as chloroform, methylene chloride, and carbon tetrachloride are propelling the market growth. Emerging demand from end-user industries, such as silicone intermediates, agriculture chemicals, butyl rubber, personal care, and pharmaceuticals, are fueling the growth of the global chloromethane market.

The global chloromethane market is segmented based on application into construction, plastic & rubber, paint & coatings, pharmaceuticals, personal care products, and others. On the geographical front, the global chloromethane market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is contributing significantly to the growth of the global chloromethane market, followed by Europe. The growth is accredited to the growing environmental concerns associated with toxic gas emissions from industries along with the expansion of the pharmaceuticals and personal care sector in the region. Asia-Pacific is expected to hold a significant share in the global market, with a majority of demand driven by China and India. Increasing infrastructure development and rising disposable income in emerging economies such as India and China are driving the Asia-Pacific chloromethane market.

The key players in the chloromethane market include AkzoNobel N.V., Solvay S.A., Dow Chemical Co., INEOS Group AG, SRF Ltd., and others. These market players are continuously contributing to the market by adopting various market techniques and approaches, which include product launches and approvals, mergers and acquisitions, partnerships and collaborations, and others for gaining a strong position and to gain expand their offerings in the chloromethane market. For instance, in January 2018, SRF Ltd. initiated a chloromethane plant in India to meet India’s pharmaceutical demand and it has completed its capitalization of the chloromethane plant at the SRF chemical complex in Dahej. The manufacturing capacity of the plant is around 40,000 tons per annum.

Research Methodology

The market study of the global chloromethane market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity toour reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.

The report is intended for chloromethane producers and suppliers' overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Chloromethane Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the global chloromethane market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global chloromethane market.
• Insights about market determinants that are stimulating the global chloromethane market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.