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Methylene Chloride Market - Forecast (2022 - 2027)

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  • 138 Pages
  • April 2022
  • Region: Global
  • IndustryARC
  • ID: 5616167
The methylene Chloride Market size is forecast to reach $1161.3 million by 2027, after growing at a CAGR of 4.1% during 2022-2027. Globally, rising demand for methylene chloride as solvents from applications such as paints & coatings, adhesives & sealants and development in demand from fluorocarbons, along with rising demand for HFC-32 are the prime growth factors of the global methylene chloride market. In addition, a rise in the adoption of methylene chloride for use in newer industrial verticals, and developing economies, would create new prospects for the growth of the global methylene chloride industry in the forecast period.

Methylene Chloride Market Report Coverage

The report: “Methylene Chloride Market Report - Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Methylene Chloride Industry.
  • By Application: Paints & Coatings, Adhesives & Sealants, Chemical Processing, Foam Manufacturing, Metal Cleaning, and Others.
  • By End Use: Food & Beverage Industry, Building & Construction Industry, Pharmaceuticals Industry, Transportation Industry, and Others.
  • By Geography: North America, South America, Asia Pacific, Europe, and Middle East & Africa.

Key Takeaways

  • Increasing the use of methylene chloride as an extraction solvent in the food & beverage manufacturing industry is estimated to drive the methylene chloride market over the forecast period.
  • Strict government restrictions imposed by the methylene chloride industry as a possible carcinogenic chemical are expected to obscure demand expansion in the next few years.
  • Also, increasing the use of ethyl lactate as an alternative for organic solvents such as methylene chloride owing to the non-toxic and biodegradable properties of ethyl lactate derived from renewable carbohydrates will create hurdles for the methylene chloride market in the forecast period.
  • Due to COVID-19 palindrome, some of the supply chain operations are disrupted as the non-availability of migrant labor is interrupting certain activities, particularly in countries where methylene chloride is majorly used.

Methylene Chloride Market Segment Analysis - By Application

Paints & Coatings held the largest share in the methylene chloride market in 2019 and is projected to grow at a CAGR of 3.5% during the forecast period 2022-2027. By swelling the paint, solvent paint strippers penetrate the layers of paint and sever the bond between the paint and the material. The active ingredient in the most effective paint strippers is dichloromethane, also called methylene chloride. One of the first applications of methylene chloride was in paint strippers, and for many decades, it remained the predominant use. The paint strippers of methylene chloride extract several types of finishes from a variety of surfaces. Concentrations of methylene chloride are paint strippers ranging from 10 to 90%. Thus, with an increase in the demand for paints & coatings the market for methylene chloride is also anticipated to rise in the forecast period.

Methylene Chloride Market Segment Analysis - By End Use

The transportation industry held the largest share in the methylene chloride market. Methylene chloride can be used to degrease metal surfaces and parts, such as airplane components and railroad tracks and equipment. Methylene chloride could be found in lubricant materials and decaying in automobile products such as the replacement of gaskets and the preparation of the metal components for a new gasket. Automobile specialists use a method for degrading steam methylene chloride, which extracts oils and grease from car transistor parts, diesel engines and aircraft components. Modern vapor degreasing techniques that rely on methylene chloride enable metal parts in transportation systems to be cleaned quickly and safely. With the growing demand for transportation the market for methylene chloride is also anticipated to rise in the forecast period.

Methylene Chloride Market Segment Analysis - By Geography

The Asia Pacific held the largest share with 32% in Methylene Chloride Market in 2019.

Due to the rising demand for solvents from different end-user industries, Asia Pacific is projected to be one of the fastest-growing methylene chloride markets. China exhibited the highest demand for methylene chloride in Asia Pacific region in 2019. Increased demand for methylene chloride in paint stripper and degreaser applications has been the key driver of the market for methylene chloride. In the Asia Pacific region, India and Pakistan dominate the methylene chloride market. In this region, India is likely to be the fastest-growing methylene chloride country. However, for the upcoming years, other areas, such as South Korea, Japan, and Southeast Asia, are likely to have a stable market growth for methylene chloride.

Methylene Chloride Market Drivers

The growing need for methyl chloride in adhesives and paints

Growing demand for cleaning applications and increasing use as a key solvent in paint and adhesive formulations are the major drivers found in the methylene chloride sector. Thanks to its high dissolving capability, low flammability, and fast-drying properties, it is used as a primary solvent in paint and adhesive formulations. The main end users of paint and adhesives are the building and automotive industries. Demand for paints and adhesives has risen significantly due to the large-scale growth of construction projects, such as bridges, homes, and manufacturing plants, in different areas of the world. Also, the exponential growth in car sales in developed countries has contributed to an expanded market for adhesives and paints. Increased demand for paint and adhesives in various end use industries will raise the methylene chloride market in the coming years.

Increasing use of methylene chloride in the pharmaceutical industry

In the medical industry, methylene chloride has a number of uses, such as for pharmaceutical applications and in processing. Dichloromethane or methylene chloride is also used in the pharmaceutical industry in blending manufacturing where solids are combined with solids, or bulk solids are combined with a limited volume of liquid to create tablets. In the extraction of several pharmaceutical compounds and in the manufacturing of many antibiotics and vitamins, methylene chloride is used as an important reaction and re-crystallization solvent. The chemical has also been used as a pharmaceutical tablet coating carrier for which residue tolerances have been established by the Food and Drug Administration (FDA). With methylene chloride cleaners, medical equipment can be cleaned easily and effectively without risking corrosion issues or damage to heat-sensitive components. Thus, with the growth in the pharmaceutical industry the demand for the methylene chloride market is anticipated to rise in the forecast period.

Methylene Chloride Market Challenges

Health effects of methylene chloride

The health risks associated with the compound are the main limitations found in the development of the market for methylene chloride. It is a volatile liquid. Exposure to this liquid for a long period of time may cause health problems such as nausea and irritation in the respiratory tract and mucous membrane. Depending on its concentration in the air, exposure to methylene chloride can interfere with the delivery of oxygen to tissues and affect the central nervous system. Inhalation of methylene chloride for a short period of time (3-4 hours) at concentrations of 300 parts per million (ppm) or greater, causes difficulty in the detection of sounds and the vision is slightly blurred. Even the ability to respond rapidly, stay steady or perform tasks that involve precise hand movements can be affected if the inhalation is in greater quantities (800 ppm). Prolonged exposure can also lead to headaches, irritability, dizziness and nausea, tingling in the arms and legs, and numbness in the fingers and toes. In certain situations, soon after the exposure ends, these symptoms will stop. Thus, inhalation of methylene chloride causing severe health effects can hinder the growth of the market in the forecast period.

Methylene Chloride Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the methylene chloride market. Major players in the methylene chloride market are Dow Chemical, Gujarat Alkalies and Chemicals Ltd., AkzoNobel N.V., Shin-Etsu Chemical Co., INEOS, Occidental Chemicals Corporation and 3M, among others.

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Table of Contents

1. Methylene Chloride Market - Market Overview
1.1 Definitions and Scope
2. Methylene Chloride Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Application
2.3 Key Trends by End-Use
2.4 Key Trends by Geography
3. Methylene Chloride Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Methylene Chloride Market - Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Market Opportunities
4.4 Porters five force model
4.4.1 Bargaining power of suppliers
4.4.2 Bargaining powers of customers
4.4.3 Threat of new entrants
4.4.4 Rivalry among existing players
4.4.5 Threat of substitutes
5. Methylene Chloride Market -Strategic analysis
5.1 Value chain analysis
5.2 Opportunities analysis
5.3 Market life cycle
5.4 Suppliers and distributors Analysis
6. Methylene Chloride Market - By Application (Market Size -$Million)
6.1 Paints and Coatings
6.2 Adhesives and Sealants
6.3 Chemical Processing
6.4 Foam Manufacturing
6.5 Metal Cleaning
6.6 Others
7. Methylene Chloride Market - By End Use (Market Size -$Million)
7.1 Food and Beverage Industry
7.2 Building and Construction Industry
7.3 Pharmaceuticals Industry
7.4 Transportation Industry
7.5 Others
8. Methylene Chloride Market - By Geography (Market Size -$Million)
8.1 North America
8.1.1 U.S.
8.1.2 Canada
8.1.3 Mexico
8.2 South America
8.2.1 Brazil
8.2.2 Argentina
8.2.3 Colombia
8.2.4 Chile
8.2.5 Rest of South America
8.3 Europe
8.3.1 U.K
8.3.2 Germany
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Netherlands
8.3.7 Russia
8.3.8 Belgium
8.3.9 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 ANZ
8.4.4 Japan
8.4.5 South Korea
8.4.6 Rest of Asia Pacific
8.5 ROW
8.5.1 Middle East Arabia of Middle East
8.5.2 Africa Africa of South Africa
9. Methylene Chloride Market - Entropy
9.1 New Product Launches
9.2 M&A’s, Collaborations, JVs and Partnerships
10. Methylene Chloride Market - Company Analysis
10.1 Market Share, Company Revenue, Products, M&A, Developments
10.2 Company 1
10.3 Company 2
10.4 Company 3
10.5 Company 4
10.6 Company 5
10.7 Company 6
10.8 Company 7
10.9 Company 8
10.10 Company 9
10.11 Company 10 and more