(PRWEB) July 21, 2014
The report, “Chloromethanes Market by Type (Methyl Chloride, Methylene Chloride, Chloroform, Carbon Tetrachloride), by Geography (NA, Europe, Asia-Pacific, & ROW) & by Application - Global Trends and Forecasts to 2018,” analyzes the global chloromethanes market with respect to market drivers, opportunities, and trends in different regions.
Browse 70 market data tables, 33 figures spread through 200 pages and in-depth TOC on "Chloromethanes Market" at http://www.marketsandmarkets.com/Market-Reports/chloromethanes-market-1143.html.
The global chloromethanes market is emerging with a positive growth due to the increasing number of applications in different vertical industries such as pharmaceuticals, foam manufacturing, chemical processing, production of different chemicals, solvent application segments, and others. There is a continuous need of innovations in applications and products to help sustain the industry and its growth. It will furthermore lower the chances of substitute’s development in the market, and can sustain among the available competitive products.
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The growing attention towards the protection of human health and environmental risks has promoted various government regulations, which have further resulted in decreased consumption of chloromethanes in different consumer application segments in the European and North American regions. Though, Asia-Pacific is comparatively lower regulated market; thus, the growth is expected to be rising. In order to meet this demand, innovations are being undertaken to cater to the client and end-user need as per their requirements. The demand for cost-effective solvents with better service life has increased in this industry.
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The report categorizes chloromethanes into four different types. These are methyl chloride, methylene chloride, chloroform, and carbon tetrachloride.
The industry demanded chloromethane, namely methylene chloride is largely used in different applications due to its varied properties as it is used as solvent, intermediate, and processing agent. It is provided by leading manufacturers available for applications such as pharmaceuticals, foam blowing agent, chemical processing, and others. It is mostly referred as dichloromethane and expected to grow at a moderate CAGR of 4.9% from 2013 to 2018 in terms of consumption. The Asia-Pacific with a CAGR of 6.5% is the fastest growing market for methylene chloride in terms of market revenue.
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The chloromethanes demand, in terms of value and volume, depicts the current and future projections, according to the parallel economic and industry outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.
The current worth of the global chloromethanes market (2012) is $1,401 million and is estimated to reach $1,819 million by 2018, growing at a CAGR of 4.2% 2018. The high demand across the industries, such as plastic processing, secondary blowing agent, pharmaceuticals and others will increase the overall chloromethanes consumption.
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