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.t players’ financial standing.
The Methylene Chloride market report offers latest updates on the COVID-19 situation of the market, as well as the profound changes that followed the outbreak. In the COVID-19 Impact Analysis section of the report, major focus has been laid on the severe effects of the pandemic on the industry’s functioning. Moreover, market experts at Reports and Data offer research-backed insights into the Methylene Chloride industry and identify the key barriers to industry growth. The aim of this report is to enable businesses to optimize their growth strategies and capitalize on the emerging opportunities.
Increasing demand for essential consumer products including soaps, detergents, perfumes, etc., growing production of environmentally sustainable chemicals and raw materials, and technological advancements in chemical and material manufacturing processes are some of the key factors driving the growth trend of the global materials & chemicals market. Rapidly surging demand for organic chemicals and high-performance specialty chemicals in the oil & gas, pharmaceutical, pulp & paper, personal care & cosmetics, food & beverage, agriculture, and textile industries is another important parameter for market growth.
Leading Market Competitors: 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.
For the purpose of this report, Reports and Data have segmented the global Methylene Chloride market on the basis of the end-use, sales channel, applications, and region:
End-Use Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Direct Solvent
- Chemical Intermediate
- Chemical Reagents
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
Regional and Country-wise Segmentation of the Global Methylene Chloride Market:
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
Reasons to purchase this report:
The industry analysis report offers actionable insights into the global Methylene Chloride industry and discusses the major growth propellers, limitations, opportunities, and challenges existing in the market.
The report closely investigates the present and historical market scenarios to help readers predict the market situation over the next seven years.
The report systematically profiles the leading companies operating in the Methylene Chloride market, and, at the same time, highlights their long-term business expansion strategies.
In-depth scrutiny of the Methylene Chloride business landscape with accurate market projections for the forecast period.
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.