Global Chloromethane Market Size

Global Chloromethane market size is estimated to account for nearly USD 1.5 billion in 2017 and will register stable significant CAGR during the forecast period. Chloromethane (methyl chloride) belongs to organic compounds- haloalkanes. The chemical is characterized by flammable colorless gas that finds its application across pharmaceutical and silicon industry. Rapid industrialization will create new market opportunity for industry players across developing regions. The growth is stagnant and is expected to exhibit a slow upwards trajectory over the forecast period. The current industry scenario is shaped by rising demand from Asia Pacific based chemical and pharmaceutical industry.



Global Chloromethane Market Drivers and Challenges

Chloromethane market trend is governed by various factors. Though the industry has certainly witnessed slowdown in its growth, industry giants are able to expand at relatively impressive rate owing to their manufacturing location, easy raw material procurement and rapid industrial production especially from South East Asia region.

Industry giants have their own raw material suppliers that help them to lower their operational cost and minimize demand supply gap. The chloromethane market size is highly fragmented, however, the industry is slowly shifting towards consolidation.

Chloromethane market trend is analyzed on the basis of product type and end-use application. By product type, Methyl chloride product type accounted for nearly 53% of total chloromethane market in 2016 and is expected to dominate the market and finds its application.



Global Chloromethane Market Regional Analysis

Globally, Asia Pacific chloromethane market region dominates the industry, accounting for nearly 39% of total share in 2017. China and India are potential market for manufacturers wherein many industry giants are shifting their production bases to capitalize their resources and generate higher ROI. Collectively, China and India is estimated to account for nearly 65% of total regional share.

Growing demand for chloromethane from the silicone industry in various applications such as transportation, automotive, medical and personal care is expected to be one of the major drivers for the chloromethane market. Strong performance attributes of silicone has enabled its application across a host of industries thereby contributing towards the growth of chloromethane market. However, growing health concerns regarding the hazardous use of chloromethane owing to its toxicity and flammability is expected to slow down the growth of the market. Focus on research and development (R&D) activities towards developing innovative techniques used for the production of chloromethanes are expected to provide new opportunities for the growth of the market.

Europe chloromethane market revenue is highly mature wherein profitability depends on long term client relations. Direct sales presence and close proximity to industrial base is key to long term success in the region. While EU-5 dominates the market with 73% regional share, spain is expected to register fastest growth in Western Europe region.

Middle East and Latin America will register moderate growth over the forecast period. While Latin America will be dominated by Brazil throughout the forecast period, GCC will account for nearly 93% of total Middle East sales.



Global Chloromethane Market Competition Scenario

Some of the key Chloromethane industry players are Alfa Aesar, Akzonobel N.V., Asahi Glass Co. Ltd., Chemicals Ltd., INEOS Group, Kem One, Ercros S.A, Gujarat Alkalies , , Shin-Etsu Chemical Co. Ltd., Solvay, Occidental Chemical Corporation and SRF Ltd.

Industry leaders are expanding their manufacturing plant capacity to meet the growing demand for chloromethane. For instance, recently, in 2017, Akzonobel N.V. has announced its plan to expand its chlormethanes capacity in Germany. Plant expansion is a part of its strategy to meet the consumer demand in Europe and Middle East along with maintaining client relationship over the long term period. Several such initiatives might be seen in the market over the forecast period.

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