According to the latest report published by Variant Market Research, the global methylene chloride market size is projected to $1,078 million by 2024 from $720 million in 2016. In this report, methylene chloride market forecast says that the global market is growing at 5.2% CAGR from 2017 to 2025.

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Development of innovative applications across several sectors to drive the global market
The global market of methylene chloride trend includes high requirement from paints & coating industry, key manufacturers investing in R&D for developing new processes, development of innovative applications across several sectors, and high usage in personal care & cosmetics industries. In North America (including Jamaica, among others), the need for methylene chloride is also on high owing to increased adoption from end-user industries. Though, hazards associated to methylene chloride may hinder the methylene chloride market growth. Moreover, growing applications as well as market expansion would provide an opportunity for players of market.

Market Segmentations
The global methylene chloride market is classified into application, and geography. Application segment includes metal cleaning, pharmaceuticals, paints & varnishes, chemical & foam manufacturing, methylene chloride food & beverages, and other applications. North America (U.S., Mexico, and Canada), Europe (Spain, Netherland, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, South Korea, Malaysia, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.

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Pharmaceuticals, by application dominated the global market in 2017
Pharmaceuticals held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. The growing pharmaceutical industry which has directed the increase in demand for methylene chloride is the driving factor for the growth of this segment.
Asia-Pacific is estimated to witness fastest CAGR from 2017 to 2025
Asia-Pacific is predicted to grow at a fastest CAGR over the forecast period 2017 to 2025. The growth is attributed to the growing end use industry, existence of high number of local manufacturers particularly in China, & India, and rising use of fluorocarbons. It also accounted for the largest market share in 2017.

Competitive Landscape
Key players are offering innovative products and services to increase their methylene chloride market share. Major players of the market are Eastman Chemical Company, Solvay S.A., AkzoNobel N.V., Gujarat Alkalies and Chemicals Ltd., The Dow Chemical Company, PPG Industries, Occidental Petroleum Corporation, Shin-Etsu Chemical Co. Ltd., Asahi Glass Co. Ltd., and 3M, among others.


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Scope of Global Methylene Chloride Market
Application Segments
• Metal Cleaning
• Paints & Varnishes
• Pharmaceuticals
• Food & Beverages
• Chemical & Foam Manufacturing
• Other Applications

Geographical Segments
• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Germany
o Spain
o Netherland
o Rest of Europe

• Asia-Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Rest of Asia-Pacific

• RoW
o South America
o Middle East
o Africa

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3. Global Inorganic Salts Market is estimated to reach $69,131 Billion by 2024, Says Variant Market Research

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