Carbon Tetrachloride Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Carbon Tetrachloride Market is projected to expand from USD 1.42 Billion in 2025 to USD 1.87 Billion by 2031, reflecting a compound annual growth rate of 4.69%. As a volatile organic compound, carbon tetrachloride primarily serves as a vital chemical feedstock in the manufacturing of hydrofluorocarbons and hydrofluoroolefins. The market's trajectory is sustained by the critical need for these derivatives across the refrigeration, air conditioning, and foam-blowing industries, all of which depend on reliable raw material availability. Additionally, the compound maintains relevance in specialized industrial supply chains due to its continued use as a process agent in synthesizing agricultural chemicals and chlorinated rubber.

Nevertheless, market expansion is severely restricted by the regulatory frameworks of the Montreal Protocol, which aim to eliminate ozone-depleting emissions. These mandates confine the compound strictly to feedstock applications and impose rigorous liability for containment and disposal, creating high barriers to entry and increasing operational costs. According to the European Environment Agency, in 2024, Carbon Tetrachloride constituted 79% of the total quantity of destroyed Annex I controlled substances within the European Union, illustrating the substantial compliance burden associated with managing this regulated chemical.

Market Drivers

A primary catalyst propelling the market is the surging demand for Carbon Tetrachloride as a fundamental feedstock for Hydrofluoroolefin (HFO) refrigerants. As regulatory measures phase out hydrofluorocarbons (HFCs), the industry is shifting toward low-global-warming-potential alternatives such as HFO-1234yf, which depend on this precursor. This transition guarantees steady industrial consumption even with bans on emissive applications. Data from Cooling Post in February 2025 indicates that sales of Chemours' Opteon brand HFO refrigerants rose by 14% in 2024, highlighting the robust uptake of compliant solutions. Furthermore, Manufacturing Dive reported in October 2025 that Honeywell’s Solstice Advanced Materials business achieved $3.8 billion in net sales during 2024, largely fueled by refrigerant demand.

Simultaneously, accelerated industrialization and the expansion of the chemical sector in the Asia-Pacific region are reinforcing market growth. Nations like India and China have solidified their roles as essential production hubs for chlorinated solvents, leveraging integrated manufacturing capabilities to satisfy global needs. This regional advancement is characterized by substantial export volumes and the modernization of chlor-alkali facilities to maintain competitive supply chains. According to the World Integrated Trade Solution, India emerged as a leading global supplier in 2024, exporting a total of 1,580,780 Kg of Carbon Tetrachloride. This production vitality in Asia-Pacific compensates for capacity rationalizations in western markets, securing the region's position as a pivot for global chemical availability.

Market Challenges

The Global Carbon Tetrachloride Market encounters significant obstacles due to the stringent regulatory frameworks established under the Montreal Protocol. By requiring the phase-out of ozone-depleting emissions, these regulations restrict the compound almost exclusively to feedstock applications, effectively abolishing its historical use in sectors such as industrial solvents and cleaning agents. This confinement prevents market diversification and compels manufacturers to operate within a highly scrutinized niche. Furthermore, the requirement for absolute containment necessitates significant capital investment in emission control technologies, which elevates operational costs and creates formidable barriers to entry for new market participants.

The magnitude of these restrictions is underscored by the sheer scale of material locked into this single, regulated pathway. According to the Technology and Economic Assessment Panel May 2024 Progress Report, the global production of controlled substances for feedstock use reached 1,943,134 metric tonnes, a volume significantly driven by the specific demand for carbon tetrachloride in hydrofluoroolefin synthesis. This data illustrates how the market is structurally bound to a constrained application scope, making expansion dependent entirely on the regulatory status and demand of downstream derivatives rather than broader commercial utility.

Market Trends

The expansion of capacities for pyrethroid insecticide synthesis represents a significant trend, creating a resilient demand stream for Carbon Tetrachloride distinct from the refrigerant sector. As agricultural standards evolve, manufacturers are scaling up infrastructure to produce synthetic pyrethroids like cypermethrin, which rely on this chlorinated solvent as a crucial process agent. This growth focuses on securing independent feedstock availability to mitigate supply volatility and meet the rising global requirement for crop protection chemicals. According to Heranba Industries Limited's Q2 FY25 Earnings Conference Call in November 2024, the company successfully initiated commercial production at Phase-I of its new Sarigam facility, a strategic development aimed at augmenting its agrochemical manufacturing volumes and strengthening backward integration capabilities.

Concurrently, the strategic internal valorization of chlor-alkali by-products is reshaping supply dynamics by converting disposal liabilities into economic assets. Producers are increasingly integrating downstream chloromethane units to capture and utilize captive Carbon Tetrachloride within the facility, rather than treating it solely as a regulated waste product. This approach optimizes chlorine utilization and ensures compliance with non-emissive feedstock mandates while improving overall plant profitability. According to Epigral Limited in November 2024, the revenue contribution from its derivatives and specialty chemicals segment reached 56% in the first half of fiscal year 2025, underscoring the commercial success of transitioning towards such deep downstream integration models.

Key Players Profiled in the Carbon Tetrachloride Market

• Olin Corporation
• Solvay
• Dow
• INEOS
• Tata Chemicals
• Shandong Haihua
• Gujarat Fluorochemicals
• Nouryon
• Stepan Company
• Mitsubishi Chemical

Report Scope

In this report, the Global Carbon Tetrachloride Market has been segmented into the following categories:

Carbon Tetrachloride Market, by Grade:

• Pharmaceutical
• Industrial
• Analytical
• Others

Carbon Tetrachloride Market, by End User:

• Cleaning
• Chemicals
• Agriculture
• Paints
• Plastics & Rubber
• Others

Carbon Tetrachloride Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Carbon Tetrachloride Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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