The Chloromethane Market size was valued at USD 5.44 Billion in 2023 and the total Chloromethane Market revenue is expected to grow at a CAGR of 5.2 % from 2024 to 2030, reaching nearly USD7.76 Billion.Chloromethane Market Overview-
Chloromethane is also known as methyl chloride, it is a clear, colorless gas with a sweet odor and is extremely flammable. Chloromethane is used mostly in the production of silicones where it is used to make methylate silicon. It is also used in the production of agricultural chemicals, methylcellulose, quaternary amines, and butyl rubber and for miscellaneous uses including tetramethyl lead. Methyl chloride was used widely in refrigerators. Chloromethane is crucial for making silicone, silicone is used in many industries like food, medicine, electronics, and aviation due to its versatility and safety. Beyond silicone production, chloromethane serves as a raw material for various chemicals such as methylcellulose, and quaternary ammonium compounds, and is used as a solvent in many industries such as pharmaceuticals, Chemicals, and cosmetics, construction. Its role as a reagent in chemical production, an extractant for oils and resins, a propellant in foam manufacturing, and a solvent in rubber and petroleum refining further enhances its demand, which boosts the chloromethane market growth. Asia-Pacific Region holds the largest market share in the global chloromethane market. The flourishing automotive, electronics, and construction industries in Asia Pacific increase the need for chloromethane-based products that drives the chloromethane market growth.To know about the Research Methodology :- Request Free Sample Report
Chloromethane Market Dynamics-
Diverse Industrial Applications and Increased Demand for Refining Reagents Chloromethane is widely used as a raw material in the production of various chemicals, such as silicone polymers, methylcellulose, and quaternary ammonium compounds. Chloromethane is used as a solvent in many industries. It has different applications, including pharmaceuticals, agrochemicals, and chemical synthesis. Diverse applications across various industries boost the chloromethane market growth. chloromethane is used in the chemical industry as a reagent in chemical production, an extractant for oils and resins, a propellant in foam production, and a solvent in rubber manufacturing and petroleum refining. Crude oil is refined into petroleum products by using chloromethane as a reagent. Around 2.3 billion tons per year (40 million barrels per day) of crude oil is required to be refined into petroleum products, with major concentrations of refineries in most developed countries this creates huge demand for reagents, which eventually drives the chloromethane market growth as chloromethane is used as a reagent. Rising Demand for Silicone Products and Agrochemicals Fuels Chloromethane Market Growth Silicone-based products have various applications in the manufacturing industry. It is common in food manufacturing and medicine, where human contact is expected. Due to the wide range of forms, silicone has extensive industrial applications. chloromethane is used in the manufacturing of silicone. As a result, increased use of silicone in various products like personal care products, computer and electronics products, aviation, and kitchenware shows a positive impact on chloromethane market growth. Agrochemicals demand is increasing in the Asia-Pacific region, in 2021, global consumption of herbicides reached 1.7 million metric tons. Chloromethanes are used in the production of agrochemical compounds, which drive the chloromethane market growth. Opportunities are increasing due to the growing agrochemical and pharmaceutical sectors, as well as the development of sustainable alternatives. Regulatory Challenges and Health Risks Slow Chloromethane Market Growth Chloromethane exposure in humans results in acute neurological effects such as convulsions, coma, dizziness, blurred vision, and fatigue, along with gastrointestinal symptoms like nausea and vomiting. These symptoms appear shortly after exposure and can endure for months. It also has impacts on heart rate, liver, and kidneys such harmful effects. The federal government creates regulations and recommendations for chloromethane to safeguard public health. Regulations are legally enforceable and are developed by agencies like the Environmental Protection Agency (EPA), Occupational Safety and Health Administration (OSHA), and Food and Drug Administration (FDA. Federal bodies such as the Agency for Toxic Substances and Disease Registry (ATSDR) and the National Institute for Occupational Safety and Health (NIOSH) issue recommendations. Both regulations and recommendations often define maximum allowable levels of presence of chloromethane in air, water, soil, or food. Variations in these levels across federal agencies can occur due to differences in exposure durations. These measures collectively aim to ensure public safety by setting standards that mitigate risks associated with toxic substances, time and cost associated with government regulations slow down the chloromethane market growthChloromethane Market Segment Analysis –
Based on Application- The silicone segment dominates in the global chloromethane market in 2023. Silicone polymers have huge applications in various industries, such as automotive, construction, electronics, and healthcare. Chloromethane is a main ingredient in the production of silicone polymers. The growth of silicone-based products is increasing due to demand for personal care products, growing awareness regarding the benefits of silicone-based ingredients, and advancements in the manufacturing processes of silicone products. As industries continue to explore and adopt silicone-based solutions, the demand for chloromethane as a raw material for silicone products is growing rapidly. Dow Corning Corporation, presently known as Dow Silicones Corporation, is a major player in the silicone industry. With a strong focus on research and development, the company has been able to introduce innovative silicone products that are manufactured from chloromethane as raw material for various personal care applications. The automotive sector accounted for approximately 25% of the global silicone polymer consumption in recent years. The increasing production of automobiles, mainly in regions like Asia-Pacific and Europe, is increasing the demand for silicone polymers in this sector eventually boost the chloromethane market growth. China is the world's largest producer of silicones, accounting for over 30% of the global market in 2020.
Chloromethane Market Regional Insights-
Asia-Pacific Region dominates the global chloromethane market in 2023. The growing automotive, electronics, and construction industries in Asia Pacific drive the need for silicone polymers and other chloromethane-based products. China is the country that uses the most pesticides in agriculture globally. Over 30% of the world's pesticides and fertilizers are consumed there, which increases demand for agrochemicals, this increases demand for chloromethane as it is used in the manufacturing process of agrochemicals. China is the world's biggest exporter and manufacturer of pesticides. The global chloromethane market is growing because of its increasing demand as a chemical intermediate. China, the United States, Western Europe, and Japan are the leading consumers of chloromethane. About 85% of the total world's chloromethane is consumed in these countries, this drives chloromethane market growth in the region. The Asia-Pacific region has the largest oil refining capacity in the world, processing 34.75 million barrels per day. Demand for chloromethane increases as it is used in the refining process. The report aims to provide industry stakeholders with a thorough study of the global Chloromethane Market. The research presents the industry's historical and present state together with projected market size and trends, analyzing complex data in an easy-to-read manner. The research includes PORTER and PESTEL analyses along with the possible effects of market microeconomic factors. The analysis of both internal and external elements that could have a good or negative impact on the firm will provide decision-makers with a clear picture of the industry's future. By understanding the market segments and projecting the size of the global Chloromethane Market, the reports also help in understanding the market's dynamics and structure.Scope of the Global Chloromethane Market: Inquire before buying
Global Chloromethane Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 5.44 Bn. Forecast Period 2024 to 2030 CAGR: 5.2% Market Size in 2030: US $ 7.76 Bn. Segments Covered: by Product Methylene Chloride Methyl Chloride Carbon Tetrachloride Chloroform Others by Application Agrochemicals Refrigerant Industrial Solvent Silicone Polymers Laboratory Chemicals Chemical Intermediates Methylating & Chlorinating Agents Propellant & Blowing Agent Herbicide Adhesives and Sealants Others Global Chloromethane Market, by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Chloromethane Market,Key Players
1. Dow Chemical 2. AkzoNobel N.V. 3. Occidental Petroleum Corporation 4. Ineos 5. Solvay 6. Kem One 7. Shin-Etsu 8. Gujarat Alkalies & Chemicals Ltd. 9. Tokuyama Corporation 10. Ercros 11. Nouryon 12. SRF Ltd. 13. Merck KGaA 14. Thermo Fisher Scientific Inc. 15. Chemours Company Frequently Asked Questions: 1] What segments are covered in the Global Chloromethane Market report? Ans. The segments covered in the Chloromethane Market report are based on Product, Application, and Region. 2] Which region held the largest Chloromethane Market share in 2023? Ans. The Asia Pacific region held the largest Chloromethane Market share in 2023. 3] What is the expected Chloromethane Market size by 2030? Ans. The Chloromethane Market size is expected to reach US$ 7.76 Bn by 2030. 4] What is the forecast period for the Global Chloromethane Market? Ans. The forecast period for the Global Chloromethane Market is 2024-2030. 5] What is the expected CAGR of the Global Chloromethane Market during the forecast period? Ans. The expected CAGR of the Chloromethane Market is 5.2% during the forecast period.
1. Chloromethane Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Chloromethane Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Key Players Benchmarking 2.3.1. Company Name 2.3.2. Product Segment 2.3.3. End-user Segment 2.3.4. Revenue (2023) 2.3.5. Headquarter 2.4. Market Structure 2.4.1. Market Leaders 2.4.2. Market Followers 2.4.3. Emerging Players 2.5. Mergers and Acquisitions Details 3. Chloromethane Market: Dynamics 3.1. Market Trends 3.2. Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Regulatory Landscape by Region 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. Middle East and Africa 3.5.5. South America 3.6. Key Opinion Leader Analysis for Chloromethane Industry 4. Chloromethane Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 4.1. Chloromethane Market Size and Forecast, By Application (2023-2030) 4.1.1. Agrochemicals 4.1.2. Refrigerant 4.1.3. Industrial Solvent 4.1.4. Silicone Polymers 4.1.5. Laboratory Chemicals 4.1.6. Chemical Intermediates 4.1.7. Methylating & Chlorinating Agents 4.1.8. Propellant & Blowing Agents 4.1.9. Herbicide 4.1.10. Adhesives and Sealants 4.1.11. Others 4.2. Chloromethane Market Size and Forecast, By Product (2023-2030) 4.2.1. Methylene Chloride 4.2.2. Methyl Chloride 4.2.3. Carbon Tetrachloride 4.2.4. Chloroform 4.2.5. Others 4.3. Chloromethane Market Size and Forecast, by Region (2023-2030) 4.3.1. North America 4.3.2. Europe 4.3.3. Asia Pacific 4.3.4. Middle East and Africa 4.3.5. South America 5. North America Chloromethane Market Size and Forecast (by Value in USD Million) (2023-2030) 5.1. North America Chloromethane Market Size and Forecast, By Application (2023-2030) 5.1.1. Agrochemicals 5.1.2. Refrigerant 5.1.3. Industrial Solvent 5.1.4. Silicone Polymers 5.1.5. Laboratory Chemicals 5.1.6. Chemical Intermediates 5.1.7. Methylating & Chlorinating Agents 5.1.8. Propellant & Blowing Agents 5.1.9. Herbicide 5.1.10. Adhesives and Sealants 5.1.11. Others 5.2. North America Chloromethane Market Size and Forecast, By Product (2023-2030) 5.2.1. Methylene Chloride 5.2.2. Methyl Chloride 5.2.3. Carbon Tetrachloride 5.2.4. Chloroform 5.2.5. Others 5.3. North America Chloromethane Market Size and Forecast, by Country (2023-2030) 5.3.1. United States 5.3.1.1. United States Chloromethane Market Size and Forecast, By Application (2023-2030) 5.3.1.1.1. Agrochemicals 5.3.1.1.2. Refrigerant 5.3.1.1.3. Industrial Solvent 5.3.1.1.4. Silicone Polymers 5.3.1.1.5. Laboratory Chemicals 5.3.1.1.6. Chemical Intermediates 5.3.1.1.7. Methylating & Chlorinating Agents 5.3.1.1.8. Propellant & Blowing Agents 5.3.1.1.9. Herbicide 5.3.1.1.10. Adhesives and Sealants 5.3.1.1.11. Others 5.3.1.2. United States Chloromethane Market Size and Forecast, By Product (2023-2030) 5.3.1.2.1. Methylene Chloride 5.3.1.2.2. Methyl Chloride 5.3.1.2.3. Carbon Tetrachloride 5.3.1.2.4. Chloroform 5.3.1.2.5. Others 5.3.2. Canada 5.3.2.1. Canada Chloromethane Market Size and Forecast, By Application (2023-2030) 5.3.2.1.1. Agrochemicals 5.3.2.1.2. Refrigerants 5.3.2.1.3. Industrial Solvents 5.3.2.1.4. Silicone Polymers 5.3.2.1.5. Laboratory Chemicals 5.3.2.1.6. Chemical Intermediates 5.3.2.1.7. Methylating & Chlorinating Agents 5.3.2.1.8. Propellant & Blowing Agents 5.3.2.1.9. Herbicide 5.3.2.1.10. Adhesives and Sealants 5.3.2.1.11. Others 5.3.2.2. Canada Chloromethane Market Size and Forecast, By Product (2023-2030) 5.3.2.2.1. Methylene Chloride 5.3.2.2.2. Methyl Chloride 5.3.2.2.3. Carbon Tetrachloride 5.3.2.2.4. Chloroform 5.3.2.2.5. Others 5.3.3. Mexico 5.3.3.1. Mexico Chloromethane Market Size and Forecast, By Application (2023-2030) 5.3.3.1.1. Agrochemicals 5.3.3.1.2. Refrigerants 5.3.3.1.3. Industrial solvents 5.3.3.1.4. Silicon Polymers 5.3.3.1.5. Laboratory Chemicals 5.3.3.1.6. Chemical Intermediates 5.3.3.1.7. Methylating & Chlorinating Agents 5.3.3.1.8. Propellant & Blowing Agents 5.3.3.1.9. Herbicide 5.3.3.1.10. Adhesives and Sealants 5.3.3.1.11. Others 5.3.3.2. Mexico Chloromethane Market Size and Forecast, By Product (2023-2030) 5.3.3.2.1. Methylene Chloride 5.3.3.2.2. Methyl Chloride 5.3.3.2.3. Carbon Tetrachloride 5.3.3.2.4. Chloroform 5.3.3.2.5. Others 6. Europe Chloromethane Market Size and Forecast (by Value in USD Million) (2023-2030) 6.1. Europe Chloromethane Market Size and Forecast, By Application (2023-2030) 6.2. Europe Chloromethane Market Size and Forecast, By Product (2023-2030) 6.3. Europe Chloromethane Market Size and Forecast, by Country (2023-2030) 6.3.1. United Kingdom 6.3.1.1. United Kingdom Chloromethane Market Size and Forecast, By Application (2023-2030) 6.3.1.2. United Kingdom Chloromethane Market Size and Forecast, By Product (2023-2030) 6.3.2. France 6.3.2.1. France Chloromethane Market Size and Forecast, By Application (2023-2030) 6.3.2.2. France Chloromethane Market Size and Forecast, By Product (2023-2030) 6.3.3. Germany 6.3.3.1. Germany Chloromethane Market Size and Forecast, By Application (2023-2030) 6.3.3.2. Germany Chloromethane Market Size and Forecast, By Product (2023-2030) 6.3.4. Italy 6.3.4.1. Italy Chloromethane Market Size and Forecast, By Application (2023-2030) 6.3.4.2. Italy Chloromethane Market Size and Forecast, By Product (2023-2030) 6.3.5. Spain 6.3.5.1. Spain Chloromethane Market Size and Forecast, By Application (2023-2030) 6.3.5.2. Spain Chloromethane Market Size and Forecast, By Product (2023-2030) 6.3.6. Sweden 6.3.6.1. Sweden Chloromethane Market Size and Forecast, By Application (2023-2030) 6.3.6.2. Sweden Chloromethane Market Size and Forecast, By Product (2023-2030) 6.3.7. Austria 6.3.7.1. Austria Chloromethane Market Size and Forecast, By Application (2023-2030) 6.3.7.2. Austria Chloromethane Market Size and Forecast, By Product (2023-2030) 6.3.8. Rest of Europe 6.3.8.1. Rest of Europe Chloromethane Market Size and Forecast, By Application (2023-2030) 6.3.8.2. Rest of Europe Chloromethane Market Size and Forecast, By Product (2023-2030) 7. Asia Pacific Chloromethane Market Size and Forecast (by Value in USD Million) (2023-2030) 7.1. Asia Pacific Chloromethane Market Size and Forecast, By Application (2023-2030) 7.2. Asia Pacific Chloromethane Market Size and Forecast, By Product (2023-2030) 7.3. Asia Pacific Chloromethane Market Size and Forecast, by Country (2023-2030) 7.3.1. China 7.3.1.1. China Chloromethane Market Size and Forecast, By Application (2023-2030) 7.3.1.2. China Chloromethane Market Size and Forecast, By Product (2023-2030) 7.3.2. S Korea 7.3.2.1. S Korea Chloromethane Market Size and Forecast, By Application (2023-2030) 7.3.2.2. S Korea Chloromethane Market Size and Forecast, By Product (2023-2030) 7.3.3. Japan 7.3.3.1. Japan Chloromethane Market Size and Forecast, By Application (2023-2030) 7.3.3.2. Japan Chloromethane Market Size and Forecast, By Product (2023-2030) 7.3.4. India 7.3.4.1. India Chloromethane Market Size and Forecast, By Application (2023-2030) 7.3.4.2. India Chloromethane Market Size and Forecast, By Product (2023-2030) 7.3.5. Australia 7.3.5.1. Australia Chloromethane Market Size and Forecast, By Application (2023-2030) 7.3.5.2. Australia Chloromethane Market Size and Forecast, By Product (2023-2030) 7.3.6. Indonesia 7.3.6.1. Indonesia Chloromethane Market Size and Forecast, By Application (2023-2030) 7.3.6.2. Indonesia Chloromethane Market Size and Forecast, By Product (2023-2030) 7.3.7. Malaysia 7.3.7.1. Malaysia Chloromethane Market Size and Forecast, By Application (2023-2030) 7.3.7.2. Malaysia Chloromethane Market Size and Forecast, By Product (2023-2030) 7.3.8. Vietnam 7.3.8.1. Vietnam Chloromethane Market Size and Forecast, By Application (2023-2030) 7.3.8.2. Vietnam Chloromethane Market Size and Forecast, By Product (2023-2030) 7.3.9. Taiwan 7.3.9.1. Taiwan Chloromethane Market Size and Forecast, By Application (2023-2030) 7.3.9.2. Taiwan Chloromethane Market Size and Forecast, By Product (2023-2030) 7.3.10. Rest of Asia Pacific 7.3.10.1. Rest of Asia Pacific Chloromethane Market Size and Forecast, By Application (2023-2030) 7.3.10.2. Rest of Asia Pacific Chloromethane Market Size and Forecast, By Product (2023-2030) 8. Middle East and Africa Chloromethane Market Size and Forecast (by Value in USD Million) (2023-2030) 8.1. Middle East and Africa Chloromethane Market Size and Forecast, By Application (2023-2030) 8.2. Middle East and Africa Chloromethane Market Size and Forecast, By Product (2023-2030) 8.3. Middle East and Africa Chloromethane Market Size and Forecast, by Country (2023-2030) 8.3.1. South Africa 8.3.1.1. South Africa Chloromethane Market Size and Forecast, By Application (2023-2030) 8.3.1.2. South Africa Chloromethane Market Size and Forecast, By Product (2023-2030) 8.3.2. GCC 8.3.2.1. GCC Chloromethane Market Size and Forecast, By Application (2023-2030) 8.3.2.2. GCC Chloromethane Market Size and Forecast, By Product (2023-2030) 8.3.3. Nigeria 8.3.3.1. Nigeria Chloromethane Market Size and Forecast, By Application (2023-2030) 8.3.3.2. Nigeria Chloromethane Market Size and Forecast, By Product (2023-2030) 8.3.4. Rest of ME&A 8.3.4.1. Rest of ME&A Chloromethane Market Size and Forecast, By Application (2023-2030) 8.3.4.2. Rest of ME&A Chloromethane Market Size and Forecast, By Product (2023-2030) 9. South America Chloromethane Market Size and Forecast (by Value in USD Million) (2023-2030) 9.1. South America Chloromethane Market Size and Forecast, By Application (2023-2030) 9.2. South America Chloromethane Market Size and Forecast, By Product (2023-2030) 9.3. South America Chloromethane Market Size and Forecast, by Country (2023-2030) 9.3.1. Brazil 9.3.1.1. Brazil Chloromethane Market Size and Forecast, By Application (2023-2030) 9.3.1.2. Brazil Chloromethane Market Size and Forecast, By Product (2023-2030) 9.3.2. Argentina 9.3.2.1. Argentina Chloromethane Market Size and Forecast, By Application (2023-2030) 9.3.2.2. Argentina Chloromethane Market Size and Forecast, By Product (2023-2030) 9.3.3. Rest Of South America 9.3.3.1. Rest Of South America Chloromethane Market Size and Forecast, By Application (2023-2030) 9.3.3.2. Rest Of South America Chloromethane Market Size and Forecast, By Product (2023-2030) 10. Company Profile: Key Players 10.1. LVMH Moët Hennessy Louis Vuitton (Paris, France) 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. Dow Chemical 10.3. AkzoNobel N.V. 10.4. Occidental Petroleum Corporation 10.5. Ineos 10.6. Solvay 10.7. Kem One 10.8. Shin-Etsu 10.9. Gujarat Alkalies & Chemicals Ltd. 10.10. Tokuyama Corporation 10.11. Ercros 10.12. Nouryon 10.13. SRF Ltd. 10.14. Merck KGaA 10.15. Thermo Fisher Scientific Inc. 10.16. Chemours Company 11. Key Findings 12. Industry Recommendations 13. Chloromethane Market: Research Methodology
