Chlorinated Methane Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4140
Chlorinated Methane Market size is set to experience steady growth in the projected timeline owing to its application in pharmaceutical, agriculture sector and as a precursor to fluorochemicals in production of solar panels. Growing demand for air conditioning units owing to rising global temperatures and living standards is likely to drive industry size owing to its usage in refrigerant.
Chemicals including methyl chloride, methylene chloride, chloroform and carbon tetra chloride are used as chlorinated methane. The products are formed by reaction of methane and chlorine in presence of yields methyl chloride catalyst or in presence of light. Methyl chloride is a flammable gas with mild sweet odor. The product find application in silicon polymer industry owing to its property to act as catalyst during low temperature polymerization. Methylene chloride is a colorless liquid and possess a sweet aroma and is volatile in nature which is not miscible in water but soluble in organic solvents, thereby propelling chlorinated methane market size.
Methyl chloride is used in silicone polymer as a chemical intermediate in manufacturing process. Silicone polymer market is poised to reach USD 20 billion by 2026 owing to growing product demand from electronics sector, thus driving chlorinated methane market size. The product also finds application as solvent for petrol refining and in production process of rubber manufacturing. Methyl chloride owing to its aesthetical use has application as chemical intermediate in drug manufacturing. It also finds application as herbicide along with characteristic to act as a propellant in polystyrene foam production to extract resin and grease oil. It can act as both methylating and chlorinating agent and also as a fluid for thermostatic and thermosteric equipment. These factors are likely to drive product demand in forecast timeframe.
Chlorinated form of methane also finds application in as a solvent organic compound. The products are utilized in food and beverage industry to decaffeinate coffee & tea to extract hops and flavors, thereby stimulating industry size.
These products find application in civil engineering as a solvent to separate binder from bituminous components to allow the testing of materials. It can be used for joining plastics and used to seal electric meters casing along with application in garment industry to utilize for removal of heat-sealed garment, thus driving industry size by 2025.
Chloroform is primarily used to manufacture chlorodifluoromethane which find application as refrigerant. The products are used in refrigeration, automotive, health, building, home appliance and environmental protection industries is likely to drive chlorinated methane market. It also finds application in production of Teflon and can be used as a solvent for iodine, fats and alkaloids. The product is applied on cooking appliances including cooking pans for non-sticky applications and also applied on Pipeline inlet coating and in cable and wire insulation, thereby propelling product demand. Downstream application of the product in heath industry is in catheters and syringes along with usage in joints of plastic automotive components and also in environment protection filters, thus stimulating chlorinated methane market size in forecast timeline.
Carbon tetrachloride, a chlorinated methane chemical finds its application as a solving and cleaning agent in rubber cement and soap industry. It is also used in the production of coolants, propellants and fluorinated hydrocarbons. Absence of hydrogen in the compound make it ideal for NMR Spectroscopy and unique solvent properties for use in infrared spectroscopy. Global process spectroscopy market is poised to surpass USD 25 billion by 2025 thereby driving product demand.
Chlorinated methane and its derivatives have ozone depletion and global warming potential and are in the process of being phased out owing to their harmful effects on environment. These factors adversely affect market growth. Inhalation of product stimulates the human nervous system similar to drug intoxication. Product exposure may cause dizziness, drowsiness, or confusion and difficulty walking breathing or speaking. Prolonged exposure may lead to concentrations, seizures, paralysis, and coma. Ingestion can lead to vomiting and experiments indicate chronic exposure could lead to birth defects. Careful handling is required when using these products. These factors may affect industry profitability and chlorinated methane market price trend.
Asia Pacific led by India and China chlorinated methane market is set to experience significant growth in forecasted timeframe. Use of the product as a refrigerant in air conditioning along with beneficial environmental laws may boost regional demand. Product application as an organic solvent would boost industry growth by 2025.
Europe led by Spain, U.K., France and Germany chlorinated methane market may grow steadily owing to application in pharmaceutical industry. The product is extensively used in drug production which is likely to propel regional product demand.
North America led by Mexico, Canada and the U.S. market is projected to grow owing to growing solvent industry especially in organic sector due investments in oil and gas sector in the U.S.
Global chlorinated methane market share is fragmented and major players in the industry includes KEM One, Shin-Etsu Chemical Co., Ltd, AGC Chemicals, Tokuyama Corp., Occidental Petroleum Corporation, Solvay S.A., AkzoNobel N.V., SRF Limited and Gujarat Alkalies & Chemicals Ltd.
By product, 2019-2025 (Tons) (USD Million)
- Methyl chloride
- Methylene chloride
- Carbon tetra chloride
By Application, 2019-2025 (Tons) (USD Million)
- Chemical Intermediate
- Chlorinating Agent
By End-Use, 2019-2025 (Tons) (USD Million)
- Air Condition
- Silicon Polymer
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- KEM One
- Shin-Etsu Chemical Co. Ltd
- AGC Chemicals
- Tokuyama Corp.
- Occidental Petroleum Corporation
- Solvay S.A.
- AkzoNobel N.V.
- SRF Limited
- Gujarat Alkalies & Chemicals Ltd.
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