Methylene Chloride Market size in terms of volume and value 2015-2023

Methylene chloride also known as dichloromethane (DCM) is manufactured by reacting methane or methyl chloride with chlorine gas in a distillation process. Methylene chloride is a colorless, volatile liquid with a slight sweet odor. The major application of methylene chloride is as a solvent in various end-user industries such as paints & coatings, pharmaceuticals, textiles, adhesives & sealants and aerosols among others. Methylene chloride is used in paint stripper and degreasers. It is also used in beverage industry to decaffeinate tea and coffee. In addition, methylene chloride finds applications in polyurethane foams as a blowing agent and metal cleaning applications. Moreover, methylene chloride is used in manufacturing of hydroflorocarbons such as HFC-32.
The market for methylene chloride was mainly driven by high demand from paints & coatings market. Methylene chloride is used as solvent in paints & coatings and huge demand from paints and coatings industry is driving the market in past few years. Other end-user industries such as adhesives & sealants, textiles and pharmaceutical are expected to exhibit steady demand for methylene chloride in upcoming years. Increasing demand from fluorocarbons is likely to provide bigger opportunities for the methylene chloride market in next few years. Increasing demand for HFC-32 from end-user industries is likely to offer more demand for methylene chloride in years to come.
However, stringent government regulations faced by methylene chloride industry due to being considered as potential carcinogenic chemical is anticipated to hider the growth of the market in next few years.In terms of demand, Asia Pacific was the leading region in methylene chloride market. Asia Pacific is expected to be one of the fastest growing markets for methylene chloride due to increasing demand for solvents from various end-user industries. China exhibited the highest demand for methylene chloride in Asia Pacific region in 2012. The market for methylene chloride was mainly driven by increasing demand for methylene chloride in paint stripper and in degreaser applications. India and Pakistan accounted for second-largest market share for methylene chloride in Asia Pacific region. India is likely to be the fastest growing country for methylene chloride in this region. However, other regions such as Japan, South Korea and Southeast Asia is likely to exhibit stable demand for methylene chloride in next few years to come.
Asia Pacific was followed by Europe. Huge demand for methylene chloride from paints and coatings industry was the major factor for driving the market in this region. UK dominated the demand for methylene chloride in Europe. However, other countries such as Germany, France, the Netherlands and Italy are likely to increase its demand for methylene chloride in upcoming years. However, environmental regulations related to methylene chloride are anticipated to stagnant the growth of the market in this region. In 2012, North America had the third-largest demand for methylene chloride. The U.S. had the largest demand for methylene chloride owing to huge demand from end-user industries such as paints & coatings, adhesives and pharmaceuticals among others. Rest of the World market is forecasted to show positive outlook for methylene chloride market in near future. Africa and the Middle East dominated the market for methylene chloride in this region.
Get PDF Brochure for more Professional & Technical industry insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6047
Some of the key manufacturers in the methylene chloride market are 3M, AkzoNobel N.V., Gujarat Alkalies and Chemicals Ltd., INEOS, Occidental Chemicals Corporation, PPG Industries, Shin-Etsu Chemical Co., Ltd. and The Dow Chemical Company among others.

Comments

Post a Comment

Popular posts from this blog

Tributyl Citrate Market Analysis, Trend and Growth, 2015-2025

Tributyl Citrate (TBC) Market: Overview  Tributyl Citrate (TBC), also known as Butyl Citrate, Tri-n-butyl citrate, and Tributyl Ester, is a colorless, non-toxic, and oily liquid with a high boiling point and fruity flavor at room temperature. It is insoluble in water, but dissolves in acetic acid, acetone, castor oil, carbon tetrachloride, mineral oil, and methanol. Known to react with oxidizing reagents, TBC is produced through esterification of citric acid with 1-butanol and concentrated sulfuric acid acting as a catalyst. TBC is widely used in food wrapping films, soft toys for children, cosmetics, and as a plasticizer for polymers such as poly vinyl chloride (PVC) and its copolymers. It aids maintenance of color when processed with resins due to its excellent heat stability. Get Research Report Overview@ https://www.transparencymarketresearch.com/tributyl-citrate-market.html Tributyl Citrate (TBC) Market: Trends Products manufactured using TBC are able to withstand cold
Read more

Oil Gas Static Rotating Equipment Market to Witness an Outstanding Growth by 2025

Transparency Market Research has recently published a new research report that provides detailed information about the intricate working details of the global  static and rotating equipment (oil and gas) market . According to the research report, the market will provide highly lucrative business opportunities as leading players in the market will adopt lean management strategies for coping up with the pressures of pricing. Such marketing strategies can help in controlling the manufacturing costs. Manufacturers are also projected to reduce their expenses on production and exploration activities. According to the research report, the global static and rotating equipment (oil and gas) market will reach to a valuation of US$35.8 bn by the end of 2022. The market initially was valued at US$26.5 bn back in the year 2013. This scaling up of the valuation of the global static and rotating equipment (oil and gas) market is expected to be achieved with the help of a modest CAGR of 3.7% over
Read more

Rise In Applications In Pharmaceutical And Pigment Industries Are Expected To Drive Diketene Market

Diketene is an organic compound and colorless liquid with the molecular formula of C4H4O2. It is a member of the oxetane family. Diketene is manufactured by the process of dimerization of ketene. It is used as a reagent in organic chemistry. Diketenes with two alkyl chains are used in the manufacture of paper for sizing of paper in order to improve their printability. Diketene is a highly reactive building block, which can be combined with numerous other chemical compounds to make a wide range of products. Transport of diketene is forbidden due to its high energy content. Diketene product are made with alcohols, aliphatic amines, and aromatic amines. Planning to lay down strategy for the next few years? Our report can help shape your plan better. Diketene, the anhydride of acetoacetic acid, and diketene derivatives can be segmented based on application into manufacture of agrochemicals, dyes, pigments, pharmaceuticals (including vitamins), and stabilizers for PVC and polyester. O
Read more