The global Chloromethane Market is forecast to reach USD 6.41 Billion by 2027, according to a new report by Reports and Data. Rising demand for methyl chloride as a solvent in petroleum refining is also expected to raise global market. Chloromethane, widely known as methyl chloride, is a member of the organic compound halo alkane group. It is indeed a colorless, highly flammable gas that has a sweet smell that is heavier than air, too. In chemical plants, methyl chloride is generally synthesized by simmering sulfuric acid, sodium chloride, and methanol combination. The chemical compound is primarily used for producing methylate silicone in the manufacturing of silicone polymers. It was also used in refrigerators earlier, but chemicals such as Freon have now taken over.

The Asia Pacific is projected to grow as China, and India’s largest chloromethane market mainly led. The main factors driving drug demand in the area are increasing demand from end consumer sectors, coupled with a lack of stringent regulations. Improving the quality of infrastructure in Asian countries is becoming a crucial driver for increasing drug demand. The organic electronics and garment market is still one of the main contributors to Asia’s pacific chemical sector. Another subcomponent that elevates the development of the chemical industry is the detergent and soap industries.

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Key participants include AkzoNobel NV, Asahi Glass Co. Ltd., Gujarat Alkalies and Chemicals Ltd., Tokuyama Corp., Shin-Etsu Chemical Co. Ltd., AGC Chemicals Ltd., Occidental Chemical Corp., INEOS Group, Solvay S.A., and Dow Chemical Company, among others.

For the purpose of this report, Reports and Data have segmented into the global Chloromethane market on the basis of product, end-use, application, and region:

Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

Methylene Chloride

Methyl Chloride

Carbon Tetrachloride

Chloroform

Others

End-Use Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)

Silicone Polymers

Methylating & Chlorinating Agent

Propellant & Blowing Agent

Laboratory Chemicals

Industrial Solvent

Adhesives and Sealants

Others

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

Pharmaceutical

Textile

Automotive

Construction

Paints & Coatings

Personal Care Products

Plastics & Rubber

Others

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Market Overview:

Many industrial operations necessitate the use of chemicals. As a result, the materials and chemicals industry is always intertwined with other industries. When one is used to produce the other, there is a correlation. Chemicals from chemical manufacturers and suppliers are used as raw materials in other industries.

Currently, more than 70% of chemical industry products are consumed by other industries, with about 20% being used by the industry itself for other operations. Food and health, textiles, transportation, medicines, and other businesses are supported by this 70%. Only 10% of the products are intended to be used as consumer goods. The materials and chemicals industry’s expansion is reliant on demand from other industries. As a result, rising manufacturing rates in other industries have a direct impact on supply.

The report also provides insightful information about how the Chloromethane market will progress during the forecast period 2021-2028.

The report offers intricate dynamics about the different aspects of the Chloromethane market, which aids companies operating in the market in making strategic development decisions. This study also elaborates on the significant changes that are highly anticipated to configure the growth of the Chloromethane market, during the forecast period.

It also includes a key indicator assessment to highlight the growth prospects of the Chloromethane market and estimate statistics related to the market progress in terms of value (USD Million) and volume (Thousand Units).

The study covers a detailed segmentation of the Chloromethane market, along with key information and a competitive outlook. The report mentions the company profiles of key players currently dominating the Chloromethane market, wherein various developments, expansion, and winning strategies practiced and executed by leading players have been presented in detail.

Key Questions Answered in This report on the Chloromethane Market
The report provides detailed information about the Chloromethane market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. Information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Chloromethane market, so as to help them formulate successful strategies and take target-driven decisions.

How are key market players successfully earning revenue out of the advantages of the product?

What will be the Y-o-Y growth of the Chloromethane market between 2021 and 2028?

What are the winning imperatives of market frontrunners in the Chloromethane market?

Which end-user is expected to undertake maximum adoption of the product during the forecast period?

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Research Methodology – Chloromethane Market
The research methodology adopted by analysts to compile the Chloromethane market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Chloromethane market.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through the interviews of genuine resources, analysts have emphasized the changing scenario of the Chloromethane market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, and import and export data of major countries of the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Chloromethane market.

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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