The global methylene dichloride (MDC) market is anticipated to grow at a significant CAGR 3% during the forecast period (2022-2028). MDC is used primarily in the manufacture of polyurethane foam, attachments, and aerosols as an agricultural solvent and as a chemical mediator. The market growth is driven by the rising demand for the MDC from the pharmaceutical, transportation, and food and beverage industries. Moreover, MDC is used in a variety of applications from refrigeration precursors, detergents, and fire extinguishers. In addition, the main focus, rising global temperatures combined with rising revenues are expected to meet the demand for refrigeration fuel in the developing economy andthe main fields used for chloromethane refrigerators include air conditioners, chillers, and compact air conditioning systems, that has increased the MDC market during the forecast period.
In addition, the major drivers identified in the methylene dichloride market increase the need for cleaning applications and increased use as an important solution for paint and adhesion formation, and it is used as a key solvent in the manufacture of paints and adhesives, due to its strong melting power, low combustion, and rapid drying properties. Moreover, the construction and automotive industries are the final users of paint and adhesivesdue to major developments in construction projects, such as bridges, buildings, and industrial areas, in various parts of the world, the demand for paint and adhesives has grown exponentially.
The increase in the prevalence of foam manufacturing has created a demand for the development of new metal cleaning products for its foam manufacturing which in turn drives the global methylene-dichloride market growth. In addition, leading pharmaceutical companies are focusing on the development of manufacturing the foam substance, and the market growth is driven by the strong focus of the pharmaceutical companies and research organizations on the R&D of the prevalence of paint remover has increased the production of methylene dichloride market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Akzo Nobel N.V, Asahi Glass Co. Ltd., KEM ONE, Olin Corporation, INEOS Group Holding S.A, Occidental Petroleum Corporation, and Shin-Etsu Chemical Co. Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
A full report of Global Methylene Dichloride (MDC) Market is available at: https://orionmarketreports.com/global-methylene-dichloride-mdc-market/93738/
Global Methylene Dichloride (MDC) Market Report by Segment
By Application
- Paint Remover, Pharmaceuticals
- Chemical Processing
- Foam Manufacturing
- Metal Cleaning
- Others
Global Methylene Dichloride (MDC) Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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