Methylene chloride Market Size and Share by 2028

Methylene chloride Market Size – USD 899.8 Million in 2020, Growth - CAGR of 4.3%, Trends – Increase in demand for Methylene Chloride in the paints & coatings applications.

The Global Methylene Chloride Market is forecast to reach USD 1,268.7 Million by 2028, according to a new report by Reports and Data. The Methylene Chloride or dichloromethane is a colorless, volatile, nonflammable, slightly water-soluble industrial and commercial chemical with a slight sweet odor. Methylene chloride is mostly used as a solvent in the manufacturing of paint stripper, metal degreaser and paint thinner applications and are also widely utilized as an intermediate solvent chemical in the formulation of various chemical processing. Extraction solvent in the production of decaffeinated coffee, solvent in paints & coatings, and food coloring materials as a fruit & vegetable marking chemicals are some of its chemical applications. Also, in the pharmaceuticals industries, it is used as a chemical reaction and purification agent and in the refrigerating industries as a feedstock for the manufacturing of HCFC 32 or R32 refrigerants. The continuous expansion of the paint & coatings, cleaning agents, adhesives, degreasers, and food coloring agents are expected to drive the demand throughout the forecast period.

Get a sample of the report https://www.reportsanddata.com/sample-enquiry-form/2507

Top Leading Players: LCY Chemical Corp., ExxonMobil, Royal Dutch Shell PLC, Maruzen Petrochemicals, Arkema S.A, Celanese Corporation, Eastman Chemical Company, Petro China, Sasol Limited, and ISU Chemical.

Further Key Finding from the Report Suggestion:

  • Methylene chloride is a synthetic chemical compound to be used in the direct solvent and are widely used in the direct chemical formulations. Specialty coating, powder coating, waterborne coatings, inks, varnishes, lacquers, and direct extraction agents in the decaffeinated coffee are some of its end-use applications. The direct solvent is forecasted to reach a market share of 52.6% by 2028 growing with a rate of 5.6% during the period 2019 – 2028.
  • Chemical intermediate segment is measured to grow at the CAGR of 5.2% in the forecast period. Methylene Chloride is utilized as the active chemical & organic intermediate in cleaning agents and adhesives manufacturing.
  • Growing penetration of online retailing businesses for chemicals and materials, especially in the emerging nations in Asia Pacific, are helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing. The online retailing is expected to gain a market share of 34.1% by 2028.
  • Europe would reach a market share of 20.5% by 2028 and would grow at a CAGR of 4.9% in the forecast period. Netherland and France have some of the valuable players in this region.
  • North America is forecasted to witness a significant growth in the overall market, with 25.7% of market possession by 2028 and CAGR of 5.8% during the forecast period. US possesses the highest market share in this region and some of the vital player of the market.

Methylene Chloride Market Growth:

Methylene chloride, also known as dichloromethane, is a versatile chemical compound used in various applications such as solvent, paint stripper, aerosol propellant, and degreaser. Here are some factors that are driving the growth of the methylene chloride market:

  1. Growing demand from end-use industries: The methylene chloride market is primarily driven by the increasing demand from end-use industries such as paints and coatings, adhesives and sealants, pharmaceuticals, and chemical processing. These industries require methylene chloride for various applications such as cleaning, degreasing, and as a solvent.
  2. Rising demand for methylene chloride in developing countries: Developing countries are experiencing rapid industrialization and urbanization, which is driving the demand for methylene chloride. The growth of the automotive and construction industries in these countries is expected to further fuel the demand for methylene chloride.
  3. Increasing use in the pharmaceutical industry: Methylene chloride is widely used in the pharmaceutical industry for various applications such as solvent extraction, formulation, and synthesis of active pharmaceutical ingredients. The growth of the pharmaceutical industry is expected to drive the demand for methylene chloride.
  4. Technological advancements: Advancements in technology have led to the development of new and improved production processes for methylene chloride. These processes are more efficient and cost-effective, which is expected to drive the growth of the market.

Download Summary: https://www.reportsanddata.com/download-summary-form/2507

The global Methylene Chloride market is segmented into:

End-Use Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)

  • Direct Solvent
  • Chemical Intermediate
  • Chemical Reagents
  • Others

Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)

  • Online Retailing
  • Offline Retailing

Applications Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)

  • Paints & Coatings
  • Rubber & Adhesive
  • Chemical & Pharmaceuticals
  • Food Packaging & Flavoring
  • Others

Regional Outlook:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market?
  • What kind of strategic business plans have they made?

Request a customization of the report https://www.reportsanddata.com/request-customization-form/2507

Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

Browse More Reports:

Micro Injection Molded Plastic Market https://www.reportsanddata.com/report-detail/micro-injection-molded-plastic-market

Military Aerospace Coatings Market https://www.reportsanddata.com/report-detail/military-aerospace-coatings-market

Molluscicides Market https://www.reportsanddata.com/report-detail/molluscicides-market

Hot Melt Adhesives Market https://www.reportsanddata.com/report-detail/hot-melt-adhesives-market

High-Performance Alloys Market https://www.reportsanddata.com/report-detail/high-performance-alloys-market

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

LinkedIn | Twitter | Blogs | Insights

Read the innovative blog at https://www.reportsanddata.com/blogs

Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports


Comments

Post a Comment

Popular posts from this blog

Commercial Windows Market Growth Factors, Applications, Regional Analysis and Trend Forecast 2032

  rapid expansion in the global building sector is another factor driving market revenue growth. The global Commercial Windows Market size was USD 3.33 Billion in 2022 and is expected to reach USD 4.54 Billion in 2032, and register a rapid revenue CAGR of 3.5 % during the forecast period. Rapid expansion in the global construction sector, increasing awareness about advantages of natural light and ventilation, and rising demand for energy-efficient and sustainable building solutions are major factors driving market revenue growth. There is an increasing need for Energy-Efficient Windows that can assist lower energy expenses and carbon emissions due to increasing worries about environmental deterioration and energy usage. Demand for sustainable building solutions, particularly commercial windows, is rising by increasing emphasis on Green Building certification schemes such as Leadership in Energy and Environmental Design (LEED) and Building Research Establish...
Read more

Atomized Ferrosilicon Market 2028: Analysis of Key Trends, Drivers, and Opportunities Across Regions

  increasing demand for atomized ferrosilicon in the Asia-Pacific region, particularly in China and India The Atomized Ferrosilicon Market showed a significant robustness in 2020 and is expected to maintain a steady revenue CAGR over the forecast period, driven by increasing demand for building and sealing materials, welding materials, and growing infrastructure requirements worldwide. Ferrosilicon, an iron-silicon alloy, has a wide range of applications in the building, manufacturing, and architecture sectors. Although, heavy media losses in practical operation are restraining the market growth. Metallurgy processing is the largest segment of the global Atomized Ferrosilicon Market, and Asia Pacific is the largest revenue-generating region. The market has a few competitors or participants, which is an opportunity for start-ups if they offer superior and more evolved products. The report provides historical data points and forecasts for revenue growth at a global, regional, and ...
Read more

Polyethylene Vapor Barrier Films Under Slab Market

  Increasing demand for buildings that are energy-efficient and a growing public recognition of the importance of moisture control in building structures are key factors propelling the growth of market revenue. Polyethylene Vapor Barrier Films Under Slab Market Size – USD 1.59 Billion in 2022, Growth – at a CAGR of 6%, Trends – Growing demand for energy-efficient structures The global  Polyethylene Vapor Barrier Films Under Slab Market  size was USD 1.59 Billion in 2022 and is expected to register a revenue CAGR of 6% over the forecast period, according to the latest report by Reports and Data. Polyethylene vapor barrier films are utilized in building envelope systems to restrict moisture transfer from the ground into the structure through foundation walls. These films, which are typically made of High-Density Polyethylene (HDPE), are placed between the soil and concrete slabs to prevent the movement of moisture vapor. They also offer protection against harmful cont...
Read more