Pharmaceutical Industry accounts for Major Demand in Global Chloromethane Market

Published on : Nov 27, 2019

Chloromethane is used in various industries such as pharmaceutical industry, construction industry and agricultural sector. It is used in water treatment and its molecules like methyl chloride are used in production of different construction materials.

 It acts as raw material in silicon industry to manufacture silicon products. Silicon industry is a major consumer of Chloromethane and its derivatives. It raises the Chloromethane demand to propel the global chloromethane market. Chloromethane is also used as ingredient in various medicines. Medical industry is witnessing fast paced growth which is inspired by rise of medical conditions like constipation, abdominal pain and acidity. Rise in demand for medicines to cure these conditions increases the demand of Chloromethane. Chloromethane is used in preparation of different types of medical products including drugs, laboratory chemicals and catalysts.

Global Chloromethane market was estimated to be   ?US$3Bn in the year 2018 and is expected to grow at   ?4% in the forecast period 2019-2027.

An intelligence report titled, “Chloromethane Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.

Asia Pacific leads

Silicone manufacturing segment owned a larger share of global Chloromethane market in the past year on the backdrop of increased consumption of its products that include silicone fluids, silicone resins and silicone elastomers. The medical & pharmaceutical segment is witnessing increased demand for Chloromethane in various activities such as methylcellulose synthesis which is used in various medical conditions like abdominal pain and constipation.

Asia Pacific dominates the global Chloromethane market owing to rapid urbanization and economic growth. Utilization of silicone polymers in end-use industries also drives the market of Asia Pacific. Other prominent regions that are expected to grow at healthy CAGR include Latin America, Middle East and Africa.

Major stake holders profiled in global Chloromethane market include Dow Chemical Company, Gujrat Fluorochemicals Limited, Nouryon, KEM ONE, Krunal Acid Agency, Mitsubishi Australia Ltd. and Benzer Multi-Tech India Private Limited.

Global Chloromethane market: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on the Global Chloromethane market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global Chloromethane market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on Chloromethane.

An insightful and deep-dive assessment of the competitive assessment of the Global Chloromethane market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global Chloromethane market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Global Chloromethane market: Research Methodology

Primary sources and secondary sources propel intelligence report on Global Chloromethane market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.

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