Global chloromethane market is expected to witness substantial growth over the forecast period on account of its increasing demand as a chemical intermediate. Chloromethane is extensively used in silicon polymer production as well as butyl rubber. Growing chloromethane utility in petroleum refining is anticipated to augment its global demand. Chloromethane, also known as methyl chloride is produced from sulfuric acid, sodium chloride and methanol mixture. Chloromethane is an extremely flammable and colorless gas, hence widely used as a chlorinating and methylating agent in organic chemistry. Chloromethane application as intermediate in drug manufacturing and as a local anesthetic in medication has resulted in its growing demand in pharmaceutical industry. Moreover, increasing demand from silicon industry is expected to be a key factor driving chloromethane market growth over the forecast horizon. Chloromethane is largely preferred over other halo alkanes owing to its use as an extracting agent for resins, gases and oils. Its increasing application scope as a blowing agent and propellant in polystyrene foam production is expected to further drive the global market growth. Chloromethane’s potential to substitute other organic compounds is predicted to have a positive impact on the global market. Growing chloromethane demand in plastic manufacturing specifically in binding processes is anticipated to complement its overall demand over the forecast period. Exposure to high concentration can cause various health hazards such as drowsiness, confusion, dizziness and breathing difficulty. This drawback can be a major factor restraining chloromethane market growth over the forecast period.
On the basis of product types, the global market can be broadly segmented into methyl chloride, chloroform, methylene chloride and carbon tetrachloride. Methyl chloride is a widely used product owing to its extensive usage as immediate feedstock for methylene chloride, carbon tetrachloride and chloroform production. Chloroform also known as trichloromethane, is expected to register high growth rate as a result of its comprehensive applications such as an early anesthetic in dentistry & surgery, in organic separation & synthesis, and as a precursor in teflon production. Carbon tetrachloride segment is expected to grow at a rapid rate over the forecast period owing to its potential use as hepatotoxin in scientific research to evaluate liver protectiveagents Major chloromethane applications includes pharmaceutical, silicon, medical, foam blowing and chemical intermediaries. Silicon emerged as the largest application segment on account of its increasing demand in diverse end-use applications such as automotive and personal care is projected to be a major factor driving chloromethane market growth in the upcoming years. Chloromethane application in chemical industry is anticipated to grow at a rapid rate owing to its potential use as an herbicide, fluid for thermometric and thermostatic apparatus and catalyst carrier in low temperature polymerization.
Asia Pacific is expected to emerge as the leading regional market with majority of the demand driven by China and India. Increasing output in various end-use industries such as chemical and pharmaceutical along with minimal regulations are expected to drive Asia Pacific market over the forecast period. Additionally, rapid infrastructure development and increasing disposable income in emerging economies such as China and India is anticipated to further drive Asia Pacific chloromethane market. North America chloromethane market is expected to witness significant growth as a result of growing silicon industry particularly in the U.S. Europe is projected to witness an average growth owing to stringent environmental regulations restricting industrial toxic gas emission.
Global chloromethane market is fragmented with major players vying for leadership position. Major players are involved in intensive R&D to develop newer applications, which can prove to be a vital factor for the overall market development. Key players operating in the global market include The Dow Chemical Company, Tokuyana Corporation, Asahi Glass Co. Ltd., Gujarat Alkalies and Chemicals Ltd., AkzoNobel N.V., Occidental Chemical Corporation, Solvay SA and Shin-Etsu.
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