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Global methylene chloride market is expected to have a CAGR of 5% during the forecast period 2016-2023. The methylene chloride also called dichloromethane, is a volatile and colourless liquid with a sweet smell and is mainly used as a solvent. The methylene chloride is used in various applications such as medicines, adhesives, paints etc. It is also used in cold tanks, printing, detergents, etc. Global methylene chloride market is driven by high demand from developing countries majorly from Asia Pacific region. This demand is rising due to innovative technologies and high growth in commercial manufacturing. Asia Pacific is the fastest growing market for methylene chloride globally. Increasing population and increasing production also enhances the global methylene chloride market in this region. The adoption of methylene chloride is driven by following factors:
The key factor for the methylene chloride market is the use of methylene chloride in various medicines and pharmaceutical sector, since the healthcare industry is growing at a very rapid rate in parallel with the demand of methylene chloride. The demand of methylene chloride in pharmaceutical sector is growing in the forecast year. In end-user segments, requirement of methylene chloride is high in various applications such as solvent market, refrigerant chemical, and manufacturing and production industries and so on, also due to increasing consumption of fluorocarbon the demand of methylene chloride increases.
The methylene chloride is multipurpose chemical and is widely used in many end user industries, but employees exposed to methylene chloride is increasing the risks of many abnormalities and diseases such as cancer, skin and eye irritation, adverse effect on central nervous system and liver and severe effects on heart. The governments of different regions imposed stringent rules and regulations related with quantity of production and safety measures taken while manufacturing of methylene chloride.
Source: OBRC Analysis
Global methylene chloride market is segmented into applications. Applications are sub divided into:
The revenue for the above application segments is specific to the methylene chloride market. However, the total revenue of these applications in general has been excluded from the scope of the report.
Geographically, the global methylene chloride market is segmented into:
Asia Pacific is the leading region for the global methylene chloride market. Asia Pacific is fastest growing market and is expected to grow even further in forecast year. Increasing demand for methylene chloride for solvent application in many end user industries is one of the key factors contributing to the market growth. China, the major country in Asia Pacific has the highest demand for methylene chloride due to the rising demand for methylene chloride in degreaser applications and in paint stripper applications. Pakistan and India accounted for second-largest market share for methylene chloride in Asia Pacific. India is the fastest growing country for methylene chloride in Asia Pacific region. Japan, Southeast Asia and South Korea are likely to exhibit stable demand for methylene chloride in forecast period. Increasing demand for methylene chloride from refrigerant, paints and coatings industry is one of the major factors driving the market in European region. UK is the major country in Europe and is dominated by the demand for methylene chloride. The other countries such as France, Italy, Germany, and the Netherlands are likely to increase its demand for methylene chloride in forecast year. However, environmental regulations related to methylene chloride are expected to restrict the growth of the market in this region. North American region has the third-largest demand for methylene chloride. The United States has the highest demand for methylene chloride due to huge demand from end-user industries such as pharmaceuticals, paints & coatings, adhesives among others. The Rest of the World market is expected to show positive signs for methylene chloride market in upcoming years. Middle East and Africa dominate the market for methylene chloride in this region.
Global methylene chloride market is segmented into applications. On the basis of applications, market is divided into halogenated solvents, pharmaceuticals, chemical manufacturing and processing, blowing agents, and metallurgy and paint removal products. Solvent application of methylene chloride is the fastest growing application segment. Applications in pharmaceutical sector is fastest growing sector. Pharmaceutical industries are rising due to increasing prevalence of communicable and non-communicable diseases. In ingredients segment, market is divided into methyl chloride, methane, and chlorine.
Some of the major market players are:
Detailed analysis of these companies provided in this report comprises of Overview, SCOT Analysis, Product Portfolio, Strategic Initiative and Strategic Analysis.
These companies use various strategies such as merger & acquisition, collaboration, partnership and product launching. Example: DOW chemical company and E.I. du Pont Nemoura &company successfully completed merger on September 01, 2017. By this merger the new formed company DowDUPont is intended to form strong, independent and publicly traded company in agriculture, material science and specialty products.
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At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global methylene chloride market offers the longest chain of market segmentation covering major market segmentation based application. The report tracks the major market trends in the global methylene chloride market such as increasing demand of methylene chloride as a solvent in end-user industries such as pharmaceuticals, paint& varnish and so on. For each market segments covered in global methylene chloride market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the methylene chloride industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360-degree analysis, See Saw analysis, and Porter five force model and so on. For the high-level analysis in the report we provide a comparative analysis of historic and current year data.
Key findings of the global methylene chloride market: