Reports and Data estimates the global METHYLENE CHLORIDE competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2030 as the forecast period. The report offers CAGR and market size for the global METHYLENE CHLORIDE during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include 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.
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METHYLENE CHLORIDE Overview :-
The Methylene Chloride is projected to grow at a rate of 4.3% in terms of value, from 2020 to reach USD 1,268.7 Million by 2028. 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 is 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, food coloring materials as a fruit & vegetable marking chemicals are some of its chemical applications. On the other hand, Methylene chloride is widely used in industrial applications such as paint stripper, metal cleaning & degreasing, automotive repair products, photographic films, polycarbonate resins, and paint remover, among others. Also, in the pharmaceuticals industries, this chemical compound is used as chemical reaction and purification agent and in the refrigerating industries as a feedstock for the manufacturing of HCFC 32 or R32 refrigerants
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For the purpose of this report Reports and Data has segmented global METHYLENE CHLORIDE market on the basis of type, application, and region:
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
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the METHYLENE CHLORIDE during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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