Kenneth Research recently added a report on ‘Methylene Chloride Market’ which offers a complete evaluation of the market and its growth prospects along with new business opportunities in the industry. The report contains the market size and annual growth rate for a forecast period between 2022 and 2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Methylene Chloride Market products.
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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.
Methylene chloride also called dichloromethane is colorless, volatile liquid with a sweet smell is widely used as a solvent. Methylene chloride is used in various applications such as adhesives, paints, medicines etc. It is also used in cold tanks, printing, detergents etc. Global market for methylene chloride is driven by high demand from developing countries, this demand is growing due to innovative technologies and high growth in commercial manufacturing. APAC is the most active market for methylene chloride globally. Also, due to high production and increasing population the market of methylene chloride is also growing. Another key driver for the methylene chloride market is using methylene chloride in various medicines, since the healthcare industry is growing in parallel the demand of methylene chloride.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
Also, its demand in pharmaceutical industries has been growing in the recent years. Also, in end-user segments, demand for methylene chloride is high in various applications such as refrigerant chemical, solvent market, manufacturing and production industries etc., also due to high consumption of fluorocarbon the demand of methylene chloride increases. Since the demand for methylene chloride is high, to meet this demand high investment in this market is required due to high availability of methylene. Methylene chloride is also used as end product in automotive products, insect sprays etc. APAC and Europe is the most mature markets in terms of strategies, innovations, etc. Easy availability of raw material and low price are the key drivers in the market.
The Cleaning Chemicals in Healthcare Industry market is segmented into various sub-segments like: By Applications (Halogenated, Pharmaceuticals, Manufacturing & Processing, Blowing Agents, Metallurgy, Paint Removal Products), By Ingredients (Methyl Chloride, Methane and Chlorine), By group which includes sub segment as Chloromethane.
The key methylene chloride manufacturers include Dow Chemical, AkzoNobel N.V., Ineos, Solvay S.A., Kem One, Shin-Etsu, Gujarat Alkalies & Chemicals Ltd., SRF ltd and Ercros S.A.
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Companies profiled include
1. 3M
2. AkzoNobel N.V.
3. Gujarat Alkalies and Chemicals Ltd.,
4. INEOS, Occidental Chemicals Corporation
5. PPG Industries, Shin-Etsu Chemical Co., Ltd.
6. Dow chemicals
7. Solvay
8. Tokuyama
9. KEM ONE
10. Occidental Petroleum
11. Ercros
12. SRF
13. Mitsuichem
14. Chemeurope
15. Asahi Glass
16. Acros Organics
17. Spectru Mchemical
18. Iris Biotech, Lee & Man Chemical
19. Zhejiang Juhua
20. Xiecheng Chemical
21. Juhua Chemical
22. ADCO Global Inc.
23. ACE Geosynthetics Enterprise Co., Ltd.
24. AICELLO CHEMICAL CO. LTD
25. Eastman Chemical Company
26. Spartan Chemical Company, Inc.
27. BASF
28. Bayer
29. DuPont
30. Culver international
This Occams Research Report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR up to 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
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Key Answers Captured in Report?
- Which geography would have better demand for products/services?
- What are the strategies adopted by big players in the regional market?
- Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
- What is the current & expected market size in the next five years?
- What is the market feasibility for long term investment?
- What opportunity the country would offer for existing and new players in the market?
- What is the risk involved for suppliers in the geography?
- What factors would drive the demand for the product/service in the near future?
- What is the impact analysis of various factors in market growth?
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