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Chlorinated Methane Market to gain immense traction via pharmaceutical sector

Author : Ravi Chawat | Published Date : 2020-09-17 

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.

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.

Refrigerants to remain a lucrative application segment

With the advent of technology, a considerable shift in people’s lifestyles can be observed across the globe. These trends along with a notable growth in people’s disposable income levels has led to wider adoption of household electronic application including TVs, washing machines, refrigerators, and air conditioners, to name a few.

Over the years, air conditioners have become an indispensable part of people’s lives and are used almost everywhere, be it homes, schools, offices, or other commercial and public spaces. Similarly, refrigeration systems find wide use in domestic, commercial, as well as industrial refrigeration. Both air conditioners and refrigerators work on refrigerants.

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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.

Cancer drugs will account for a major share in the growth of the pharmaceutical sector. According to industry experts, eight new drug formulations are estimated to add US$1 billion in new sales in the upcoming year, of which four are cancer drugs.

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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