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Chlorinated Methane Market is likely to grow exponentially from 2020 to 2025

Author : Ravi Chawat | Published Date : 2020-08-21 

Chlorinated methane compounds represent an important class of organic compounds that are used as intermediates in the manufacturing of refrigerants, agrochemicals, pharmaceuticals, fluoropolymers, and silicone polymers. Chlorinated form of methane is a vital raw material for automotive, air conditioner, silicon polymer and rubber industries.

Methyl chloride (chloromethane), methylene chloride (dichloromethane), carbon tetrachloride, and chloroform are the different types of chlorinated methane compounds. The presence of stringent environmental and emission norms may restrict the application of chlorinated methane compounds as a refrigerant. Also, numerous health risks associated with accidental consumption or exposure to these compounds may limit their use in many applications.

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Global chlorinated methane market share comprises of prominent suppliers including KEM One, Occidental Petroleum Corporation, AkzoNobel N.V., SRF Limited, Solvay S.A., Tokuyama Corp., AGC Chemicals, Shin-Etsu Chemical Co., Ltd, and Gujarat Alkalies & Chemicals Ltd., among several others. The industry is poised to witness notable growth in the near future, with extensive application of chlorinated methane as refrigerant and growing adoption of air conditioners.

Robust demand for chloroform in pharmaceutical sector

Chloroform is one of the most widely used chlorinated methane compounds. It is generally available in technical grade, alcohol stabilized grade, and fluorocarbon grade. Alcohol stabilized grade of chloroform finds use as a solvent in the extraction and purification of formulations, including certain antibiotics, vitamins, and alkaloids, in the pharmaceutical sector.

The pharmaceutical industry is experiencing a major transformation, with a considerable shift in how diseases are diagnosed and prevented and a tenfold increase in the consumption of generic drugs over the past few years. The rise in new treatment methods and technologies is expected to drive research and development of innovative forms of drug delivery.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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