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Post Info TOPIC: Methyl Chloride Dominates the Global Chloromethane Market Accounting For Us$ 2.4 Bn by the End of 2027


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Methyl Chloride Dominates the Global Chloromethane Market Accounting For Us$ 2.4 Bn by the End of 2027
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The global chloromethane market is projected to witness a consistent 4% CAGR during the forecast period of 2019 to 2027, says a recent report by Transparency Market Research. The growth of the market is accounted by the widespread application of chloromethane in water treatment industry where the compound is used to treat the water to make it available for further use. Moreover the application of methyl chloride, a substrate of chloromethane market in medical industry is further expected to boost the growth of global chloromethane market during the estimated time frame, says the report.

Demand in Cement and Construction Industry to Boost the Growth

With several upcoming and massive infrastructural projects, construction industry is expected to grow exponentially over the period of time. Consequently, the demand for several products from chloromethane market is also expected to skyrocket in coming years. This growth is attributed to the benefits these products offer to the industries. For instance, the chloromethane is mixed in cement to provide it additional strength. This allow the cement to bare more load than ordinary cement and can have a longer life. Such benefits are the major factors that are expected to boost the growth of global chloromethane market from 2019 to 2027.

Large Industrial Applications Favor the Growth

Chloromethane is used widely in several industrial application. For example, the compound is best used in water treatment industry where the recycling of the water in conducted and made available for reuse. Additionally, pharmaceutical industries are using chloromethane in several drugs development. This extensiveness of the application of the compound is also expected to boost its demand, which further is expected to boost the growth of global chloromethane market in coming years between 2019 and 2027.

Methyl Chloride Segments Dominates the Market

The methyl chloride market under product category is expected to dominate the global chloromethane market during the forecast period of 2019 and 2027. According to the report by Transparency Market Research, the segment accounted for US$ 2.4 bn in 2018 and is expected to continue its dominance in coming years of estimated duration. Moreover, the growing demand of the product in research labs and pharmaceutical companies is also a major factor that boosts the growth of global chloromethane market from 2019 to 2027.

View exclusive Global strategic Business report: https://www.transparencymarketresearch.com/chloromethane-market.html      

Asia Pacific Establishes its Dominance in the Market

Asia Pacific dominated the global chloromethane market in 2018 and anticipated to continue its dominance in the coming years. The prominence of the region is the result of presence of several prominent manufacturers. Moreover, the massive use of chloromethane in industries of India and China is also a major factor that is boosting the growth of Asia Pacific in global chloromethane market from 2019 to 2027.

The global chloromethane market is segmented on the basis of:

Product

  • Methyl Chloride
  • Methylene Chloride
  • Chloroform (Trichloromethane)
  • Carbon Tetrachloride

      Application

  • Silicone Manufacturing
  • Medical & Pharmaceuticals
  • Foam Blowing
  • Chemical Intermediates & Catalysts
  • Agrochemicals
  • Others

      About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

 



-- Edited by aartimule on Friday 13th of March 2020 06:57:08 AM

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