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Worldwide Chloromethanes Industry to 2027 - Impact of COVID-19 on the Market

·3 min read

DUBLIN, Feb. 1, 2021 /PRNewswire/ -- The "Chloromethanes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

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The publisher brings years of research experience to the 8th edition of this report. The 187-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Chloromethanes Market to Reach 5 Million Tons by 2027

Amid the COVID-19 crisis, the global market for Chloromethanes estimated at 3.5 Million Tons in the year 2020, is projected to reach a revised size of 5 Million Tons by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027.

Methyl Chloride, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach 2.7 Million Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Methylene Chloride segment is readjusted to a revised 5.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at 951.6 Thousand Tons, While China is Forecast to Grow at 7.8% CAGR

The Chloromethanes market in the U.S. is estimated at 951.6 Thousand Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 1 Million Tons by the year 2027 trailing a CAGR of 7.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Chloroform Segment to Record 3.9% CAGR

In the global Chloroform segment, USA, Canada, Japan, China and Europe will drive the 3.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of 392 Thousand Tons in the year 2020 will reach a projected size of 500.3 Thousand Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 663.2 Thousand Tons by the year 2027, while Latin America will expand at a 4.9% CAGR through the analysis period.

Competitors identified in this market include, among others:

  • Akzo Nobel NV

  • Alfa Aesar

  • Asahi Glass Co., Ltd.

  • DowDupont Inc.

  • Ercros SA

  • Gujarat Alkalies and Chemicals Ltd.

  • INEOS Group Ltd.

  • Kem One

  • Occidental Petroleum Corporation

  • Shin-Etsu Chemical Co., Ltd.

  • SRF Ltd.

  • Tokuyama Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • Chloromethanes Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 43

For more information about this report visit https://www.researchandmarkets.com/r/ou0ije

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Research and Markets
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View original content:http://www.prnewswire.com/news-releases/worldwide-chloromethanes-industry-to-2027---impact-of-covid-19-on-the-market-301219040.html

SOURCE Research and Markets