According to a new report, published by KBV research, The Global Chloromethane Market size is expected to reach $7.7 billion by 2030, rising at a market growth of 4.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 8,524.3 kilo tonnes experiencing a growth of 3.7% (2019-2022).
The Pharmaceutical segment is leading the Global Chloromethane Market by End-use in 2022 thereby, achieving a market value of $1.3 Billion by 2030. Chlorination reactions using chloromethane are employed to introduce chlorine atoms into organic compounds. Chloromethane serves as a chlorinating agent in these processes, contributing to synthesizing pharmaceutical compounds with desired properties. The formulation and development of pharmaceutical drugs involve the use of chloromethane derivatives. These compounds can be part of the synthetic pathways leading to the creation of drug candidates with the desired pharmacological properties.
The Chloroform segment is experiencing a CAGR of 5.4% during (2023 - 2030). Chloroform is a precursor in synthesizing other chemicals, such as dichloromethane (methylene chloride) and chloromethane. These derivatives have numerous applications in various industries, including pharmaceuticals, agrochemicals, and manufacturing. The versatility of chlorinated compounds from chloroform can contribute to the market segment's growth. Chloromethane and related chlorinated compounds are used in the production of polymers.
The Asia Pacific market dominated the Global Chloromethane Market by Region in 2022, thereby achieving a market value of $3.2 Billion by 2030, growing at a CAGR of 5.1 % during the forecast period. The North America market is experiencing a CAGR of 4.4% during (2023 - 2030). Additionally, The Europe market would exhibit a CAGR of 4.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/chloromethane-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Asahi Kasei Corporation, Tokuyama Corporation, AGC Chemicals Pvt. Ltd, Gujarat Alkalies and Chemicals Ltd, Occidental Petroleum Cororation, AkzoNobel N.V., Shin-Etsu Chemical Co. Ltd, Solvay SA, INEOS Group Holdings S.A., The Dow Chemical Company.
By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
