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Global Chloromethane Market

The global chloromethane market is expected to grow at a moderate CAGR during the forecast period (2020-2027). Chloromethane or methyl chloride is a chemical compound that is primarily used in the manufacturing of silicones. Silicon is majorly used by the industries associated with the production of medical and personal care products. Chloromethane was formally used as a refrigerant however it was discontinued on account of its flammability and toxicity.

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Global Chloromethane Market

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  1. Global Chloromethane Market Signify strong Growth by 2023- 2029 The global chloromethane market is expected to grow at a moderate CAGR during the forecast period (2020-2027). Chloromethane or methyl chloride is a chemical compound that is primarily used in the manufacturing of silicones. Silicon is majorly used by the industries associated with the production of medical and personal care products. Chloromethane was formally used as a refrigerant however it was discontinued on account of its flammability and toxicity. The rising demand for chloromethane as a solvent in various industries including chemical and automotive is the key factor driving the growth of this market. Besides, rapid industrialization and the rise in silicon production facilities across the globe further promote global market growth. Moreover, the factors such as rising demands from the end-user industry, an increasing number of industries are using chloromethane in several products, and rising industrial output across the globe tend to drive the chloromethane market during the forecast period. Apart from this, the environmental and health issues due to the high use of concentrated chloromethane, and stringent government rules regarding their use are restraining the market growth. To request a sample of our report on Global Chloromethane Market https://www.omrglobal.com/request- sample/chloromethane-market Furthermore, in July 2020, SRF Ltd. has set up a new plant at Dame, Gujarat to expand the production capacity of their chloromethane plant by 1,00,000 tons per annum. The total projected cost of the plant is RS. 315 cores (~$42.4 million). Besides this, the production capacity of the plant would be increased by an extra 1,00,000 tons every year by January 2022, which was 95,000 tons earlier. Thus, the business expansion would promote the SRF Ltd. to increase production for better offering in chemical industries to generate more revenue. Such activities are expected to propel the demand for chloromethane in the market, and considerable growth can be expected in the market. A full report on Global Chloromethane Market is available @ https://www.omrglobal.com/industry- reports/chloromethane-market Market Coverage •The market number available for – 2020-2027 •Base year- 2020 •Forecast period- 2021-2027 •Segment Covered- O By Application •Regions Covered-

  2. O North America O Europe o Asia-Pacific o Rest of the World •Competitive Landscape- AGC Inc. (Asahi Glass Co. Ltd), AGC Chemicals Ltd., AkzoNobel N.V., Solvay S.A., Gujarat Alkalies and Chemicals Ltd., Dow Chemical Company, INEOS Group AG, SRF Ltd., and Others. Key Questions Addressed by the Report •What is the market growth rate? •Which segment and region dominate the market in the base year? •Which segment and region will project the fastest growth in the market? •How COVID-19 impacted the market? o Deviation from the pre-COVID-19 forecast o Most affected region and segment •Who is the leader in the market? •How players are addressing challenges to sustain growth? •Where is the investment opportunity? Global Chloromethane Market Segment By Application •Construction •Plastic & Rubber •Paint & Coatings •Pharmaceuticals •Personal Care Products •Others Global Chloromethane Market Segment by Region

  3. North America •United States • Canada Europe •UK •Germany •Italy •Spain •France •Rest of Europe Asia-Pacific •China •Japan • India •Rest of the Asia-Pacific Rest of the World For More customized Data Request for Report @ https://www.omrglobal.com/report-customization/chloromethane- market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com

  4. Contact no: +91 780-304-0404

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