Chloromethane Market Size (2024 - 2029)

The chloromethane market is anticipated to experience growth, driven by increased demand from the pharmaceutical and personal care sectors and the rising use of silicone in various industries. Despite challenges such as stringent regulations and the lingering effects of the COVID-19 pandemic, the market is expected to recover and expand, supported by ongoing research and development efforts. The silicone segment is projected to lead the market due to its growing application in construction and automotive sectors. The Asia-Pacific region, particularly countries like China, India, and Japan, currently holds a significant share of the market.

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Market Size of Chloromethane Industry

Chloromethane Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Chloromethane Market Major Players

*Disclaimer: Major Players sorted in no particular order

Chloromethane Market Analysis

The chloromethane market is projected to register a CAGR of over 4% during the forecast period.

COVID-19 negatively impacted the market in 2020. Owing to the pandemic, several countries worldwide went into lockdown to curb the spreading of the virus. The supply and demand chain was completely disrupted, impacting the demand for chloromethane from various applications such as agriculture, personal care, chemicals, etc. However, the condition recovered in 2021 and is expected to benefit the market during the forecast period.

  • Over the short term, increasing usage of silicone in various end-user industries and growing demand from the pharmaceutical and personal care industries are driving the market growth.
  • On the flip side, stringent regulations on chloromethane and the negative impact of the COVID-19 pandemic are the major restraints expected to hinder the market's growth.
  • Ongoing research and development in the production of chloromethane are expected to offer various lucrative opportunities for market growth.
  • By application, the silicone segment is expected to dominate the market owing to the increase in the usage of silicone elastomers in the construction and automotive industries.
  • The Asia-Pacific region dominated the chloromethane market worldwide, with the largest consumption from countries such as China, India, and Japan.

Chloromethane Industry Segmentation

Chloromethane, also called methyl chloride, is a chemical compound of a group of organic compounds called haloalkanes. The chloromethane market is segmented by product type, application, and geography. By product type, the market is segmented into methylene chloride, methyl chloride, carbon tetrachloride, and chloroform. By application, the market is segmented into silicones, agriculture chemicals, chemical intermediate, pharmaceutical, personal care, and other applications. The report also offers market size and forecasts for 15 countries across major regions. Market sizing and forecasts are based on revenue (USD million) for each segment.

Product Type
Methylene Chloride
Methyl Chloride
Carbon Tetrachloride
Chloroform
Application
Silicones
Agriculture Chemicals
Pharmaceutical
Chemical Intermediate
Personal Care
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Chloromethane Market Size Summary

The chloromethane market is anticipated to experience steady growth over the forecast period, driven by the increasing application of silicone in various end-user industries and rising demand from the pharmaceutical and personal care sectors. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted supply and demand chains, the market has shown signs of recovery. The silicone segment is expected to lead the market due to its extensive use in construction and automotive industries. However, the market faces challenges from stringent regulations and the lingering effects of the pandemic. Ongoing research and development efforts in chloromethane production are likely to create new opportunities for market expansion.

The Asia-Pacific region is projected to maintain its dominance in the chloromethane market, with significant consumption in countries like China, India, and Japan. The growing pharmaceutical and construction industries in these regions are key drivers of demand. China's robust pharmaceutical market and substantial investments in infrastructure projects, along with India's expanding pharmaceutical and construction sectors, are expected to bolster the market. The chloromethane market is characterized by a consolidated structure, with major players like Gujarat Alkalies and Chemical Limited, Occidental Petroleum Corporation, AGC Chemicals, Nouryon, and KEM ONE holding significant market shares. Recent strategic moves by these companies, such as acquisitions and capacity expansions, indicate a focus on enhancing product offerings and meeting the increasing demand in the market.

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Chloromethane Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Usage of Silicone in Various End-user Industries

      2. 1.1.2 Growing Demand from the Pharmaceutical and Personal Care Industries

    2. 1.2 Restraints

      1. 1.2.1 Stringent Regulations on Chloromethane

      2. 1.2.2 Negative Impact of the COVID-19 Pandemic

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market in Value)

    1. 2.1 Product Type

      1. 2.1.1 Methylene Chloride

      2. 2.1.2 Methyl Chloride

      3. 2.1.3 Carbon Tetrachloride

      4. 2.1.4 Chloroform

    2. 2.2 Application

      1. 2.2.1 Silicones

      2. 2.2.2 Agriculture Chemicals

      3. 2.2.3 Pharmaceutical

      4. 2.2.4 Chemical Intermediate

      5. 2.2.5 Personal Care

      6. 2.2.6 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Chloromethane Market Size FAQs

The Chloromethane Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Occidental Petroleum Corporation, AGC Chemicals, KEM ONE, Gujarat Alkalies and Chemical Limited and Nouryon are the major companies operating in the Chloromethane Market.

Chloromethane Market Report Snapshots

Chloromethane Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)