The global Methylene Chloridemarket was valued at USD 740.5 million in 2016 and is projected to reach USD 1110.1 million by 2025, growing at a CAGR of 4.60% from 2017 to 2025.
The miscibility of methylene chloride with a range of organic solvents is driving the demand for this product. It is majorly employed as a solvent in end-use industries. It is majorly used as a solvent in the paints industry. The stringent regulations regarding usage of organic solvents is expected to hamper market demand.
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1. Market Drivers
1.1 Increasing application in the manufacturing of paints and varnishes
1.2 Growing demand from fluorocarbons
2. Market Restraints
2.1 Stringent government regulations
The global Methylene Chloridemarket is segmented on the applicationand region.
1. By Application:
1.1 Chemical Processing
1.2 Paint Remover
1.3 Foam Manufacturing
1.5 Metal Cleaning
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2. By Region:
2.1 North America (U.S., Canada, Mexico)
2.2 Europe (Germany, UK, France, Rest of Europe)
2.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
2.4 Latin America (Brazil, Argentina, Rest of Latin America)
2.5 Middle East & Africa
The major players in the market are as follows:
1. Akzonobel NV
2. DOW Chemical Company
3. Gujarat Alkalies and Chemicals
5. KEM One
6. Shin-Etsu Chemical
8. Ercros SA
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.