The global chloromethane market is anticipated to grow at a moderate CAGR during the forecast period (2020-2027). The business expansion strategies adopted by major market players to expand the business and production capacity are driving the chloromethane industry growth.
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For instance, in March 2020, Gujarat Alkalies & Chemicals Ltd. had announced to expand its Anhydrous Aluminium Chloride (AAC) plant at Dahej in Gujarat. The total project cost of the plant was Rs. 35 crores (~$4.7 million), with a production capacity of 16,500 tonnes per annum. Through this production capacity expansion, the company aims at generating revenue of Rs. 65 crore (~$8.8 million). With this expansion, the total capacity of the AAC plant would be 42,420 TPA.
Furthermore, in July 2020, SRF Ltd. has set up a new plant at Dahej, Gujrat to expand the production capacity of their chloromethane plant by 1,00,000 tonnes per annum. The total projected cost of the plant is RS. 315 crores (~$42.4 million). Besides this, the production capacity of the plant would be increased by an extra 1,00,000 tonnes every year by January 2022, which was 95,000 tonnes earlier. Thus, the business expansion would promote the SRF Ltd. to increase production for better offering in chemical industries to generate more revenue. Such activities are expected to propel the demand for chloromethane in the market, and considerable growth can be expected in the market.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segment Covered-
· By Application
Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
· Competitive Landscape- AGC Inc. (Asahi Glass Co. Ltd), AGC Chemicals Ltd., AkzoNobel N.V., Solvay S.A., Gujarat Alkalies and Chemicals Ltd., Dow Chemical Company, INEOS Group AG, SRF Ltd., and Others.
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Global Chloromethane Market Segment
By Application
· Construction
· Plastic & Rubber
· Paint & Coatings
· Pharmaceuticals
· Personal Care Products
· Others
Global Chloromethane Market Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
Company Profiles
· AGC Chemicals Ltd.
· Akzonobel N.V.
· Dayang Chem (Hangzhou) Co., Ltd
· Dow Chemical Company
· DuPont de Nemours, Inc.
· Ercros S.A
· Gujarat Alkalies and Chemicals Ltd.
· Gujarat Fluorochemicals Ltd.
· INEOS Group
· Juhua Group Corp.
· Kem One SAS
· Krunal Acid Agency
· Occidental Petroleum Corp.
· Praxair Technology, Inc.
· Quzhou Xiecheng Chemical Co., Ltd
· Shin-Etsu Chemical Co. Ltd
· Solvay S.A.
· SRF Ltd.
· The Sanmar Group
· Tokuyama Corp.
· Zheijiang Kangfeng Chemicals Co. Ltd
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