Chloromethane Market Growth and Forecast 2018 – 2026

Chloromethane, also known as methyl chloride, belongs to a group of organic compounds called halo alkanes. Chloromethane occurs in the form of extremely flammable colorless gas, which is usually detected at toxic levels. Chloromethane is synthesized by boiling a mixture of sodium chloride, sulfuric acid, and methanol. A large amount of chloromethane is produced naturally in the oceans through the action of sunlight on chlorine and biomass in the sea foam. Chloromethane is primarily utilized in the manufacture of silicone polymers and in petroleum refining. Chloromethane was earlier used as a refrigerant, but it was discontinued due to high flammability and toxicity of the compound.

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The chloromethane market has been segmented based on type and application. Based on type, the market has been divided into methyl chloride, methylene chloride, chloroform, and carbon tetrachloride. Among these, methyl chloride is the leading segment, as methyl chloride is largely used in medical and pharmaceutical industries. In terms of application, the global chloromethane market can be segmented into pharmaceutical, silicon, medical, foam blowing, and chemical intermediaries. Silicon is expected to be the leading application segment during the forecast period, owing to significant demand for silicon from medical and personal care industries. Moreover, increasing household incomes and rising living standards in Asia Pacific are fueling the demand for high-quality products containing silicone in the region.

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Asia Pacific is anticipated to the leading global chloromethane market across the world in the near future, due to less stringent regulatory norms and rising industrial activities across various end-use industries such as pharmaceutical. Furthermore, the significant from demand infrastructure activities is also estimated to drive the global chloromethane market in the region in the next few years. Demand for chloromethane from developing as well as developed economies such as China, India, and Japan is projected to increase significantly from 2018 to 2026, owing to increase in the demand for chemical intermediates, pharmaceuticals, and foam-blowing agents in these countries. The global chloromethane market in North America and Europe is estimated to expand at a moderate pace, due to growing environmental concerns related to toxic gas emissions from industries. The global chloromethane market in Latin America and Middle East & Africa is expected to witness for considerable growth between 2018 and 2026, owing to the rising demand for chloromethane from various end-use industries such as automotive and pharmaceutical in these regions.

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