U.S. markets closed
  • S&P 500

    3,825.33
    +39.95 (+1.06%)
     
  • Dow 30

    31,097.26
    +321.86 (+1.05%)
     
  • Nasdaq

    11,127.84
    +99.14 (+0.90%)
     
  • Russell 2000

    1,727.76
    +19.77 (+1.16%)
     
  • Crude Oil

    109.30
    +0.87 (+0.80%)
     
  • Gold

    1,806.40
    +4.90 (+0.27%)
     
  • Silver

    19.76
    +0.09 (+0.47%)
     
  • EUR/USD

    1.0459
    +0.0033 (+0.31%)
     
  • 10-Yr Bond

    2.8890
    0.0000 (0.00%)
     
  • GBP/USD

    1.2165
    +0.0062 (+0.51%)
     
  • USD/JPY

    135.3350
    +0.1600 (+0.12%)
     
  • BTC-USD

    19,790.34
    +690.54 (+3.62%)
     
  • CMC Crypto 200

    427.83
    +7.69 (+1.83%)
     
  • FTSE 100

    7,251.17
    +82.52 (+1.15%)
     
  • Nikkei 225

    26,153.81
    +218.19 (+0.84%)
     

Intermediate Use of Methyl Chloride to Expand 1.8X by 2032, Reveals Fact.MR

·5 min read
FACT.MR
FACT.MR

Methyl Chloride Market Analysis By Function (Methyl Chloride Intermediates, Methyl Chloride Refrigerants & Methyl Chloride Solvents) By Application & By Region – Global Market Insights 2022 to 2032

United States, Rockville MD, June 01, 2022 (GLOBE NEWSWIRE) -- The global methyl chloride market accounts for a valuation of US$ 2.32 billion in 2022 and is slated to expand at a CAGR of around 5% over the 2022-2032 forecast period, according to in-depth industry analysis by Fact.MR, a market research and competitive intelligence provider. Growing demand for methyl chloride for silicone and butyl rubber production is expected to majorly drive market growth.

Mono-chloromethane is used as raw material in the production of methylate silicone. Increasing use of silicone in various applications such as semiconductors, computer chips, transistors, and solar panels is poised to drive methyl chloride market expansion during the forecast period.

Browse in-depth TOC on “Methyl Chloride Market"

42 Tables and

146 Figures

170 Pages

Download PDF Brochure: https://www.factmr.com/connectus/sample?flag=S&rep_id=7399

Demand for methyl chloride from the pharmaceutical industry is increasing as it is used to extract chemicals from plants and food for medicines such as steroids and vitamins. An increase in the use of methyl chloride as a chemical solvent and for laboratory will drive consumption over the coming years.

Some market developments:

  • Gujrat Alkalies and Chemicals Ltd. has increased its production capacity of methyl chloride to 58,100 TPA. The company has set up 105,000 TPA of chloromethane production at its Dahej, Gujrat plant. The company manufactures various types of methyl chloride such as solvents, fluorocarbon refrigerants, and pharmaceuticals.

  • In 2019, Nouryon Industrial Chemicals, in Netherlands, formerly known as AkzoNobel Specialty, completed the construction of a project that increased its methyl chloride production capacity by 30%.

  • Key Takeaways from Market Study

  • By application, silicone production is projected to provide an absolute $ opportunity worth US$ 887 million over the forecast period.

  • Butyl rubber production is anticipated to account for 28.8% market share by 2032.

  • By function, intermediate use of methyl chloride is anticipated to expand around 1.8X in market value by 2032.

  • China is expected to hold 19.8% market value share by 2032.

  • North America is projected to capture around 20.4% of the global methyl chloride market share by 2032.

  • Europe is set to provide an absolute dollar opportunity worth US$ 469.5 million by 2032.

“East Asia has remained the primary market for methyl chloride and China leads from the front, with its share in the global methyl chloride being 16.12% in 2021,” says a Fact.MR analyst.

To learn more about Methyl Chloride Intermediates Market share, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7399

Winning Strategy
Setting up manufacturing facilities across high-potential regions and investing in research & development remain the top strategies for methyl chloride suppliers. Manufacturers should follow market leaders in expanding methyl chloride production and increasing their global presence.
There has been an increase in the demand for methyl chloride from various applications such as silicone production and butyl rubber production. Methyl chloride manufacturing companies have increased their production capacity and have partnered with a number of small players in an attempt to increase their geological presence and maximize profits.

More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the methyl chloride market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on application (silicone production, butyl rubber production, building material, CM, HBCM, HPCM production, others) and function (intermediates, refrigerants, solvents, others), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

Get Customization on this Methyl Chloride Refrigerants Market for Specific Research Solutions at https://www.factmr.com/connectus/sample?flag=RC&rep_id=7399

About the Chemicals and Materials Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analysed the consumer goods industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

To understand how our report can bring difference to your business strategy, Purchase a copy of this Demand for Methyl Chloride Solvents report at https://www.factmr.com/checkout/7399

Check out more studies related to Chemical & Materials Industry, conducted by Fact.MR:

What’s Driving Sales of Microbial Biosurfactants across the World? - Microbial biosurfactants are produced by bacteria, yeast and fungi and can be aided as green surfactants. Biosurfactants are known as eco-friendly and less toxic, however, several types of biosurfactants have the prospective to be produced for various industries such as cosmetics, food industry and pharmaceutical manufacturing.

What’s Driving High Consumption of Digital Textiles Printing Inks? - Consumers are demanding productive and efficient digital textile printers. This trend is picking more pace in developed regions of the world, which is positively influencing digital textile printing ink market demand. Europe and Asia are major manufacturers and exporters of digital textile printing inks, fulfilling demand from digital textile printed fabric manufactures with rapid technological advancements in printer technology.

What is the Future of the Global Monochloroacetic Acid Market According to Present Trends?
The widespread use of MCA acid in numerous end-use industries has supplemented the sales of monochloroacetic acid during the last couple of years. A surge in the production of agrochemicals to boost the farm production capacity is a major reason for the expansion of the monochloroacetic acid market size in the present world.

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583