Companies should focus on research activities and balance the supply/demand in chloromethnes market
The chloromethane market is driven by the presence of respective regional domestic along with the major global players in the key growth markets. Asia-Pacific is the largest market, followed by the North American and European region. Various market players have integrated their value chains so as to reduce the impact of external environment on product economics. Also, the leading players will reorganize the chloromethanes business or will infuse growth strategies to sustain in this highly regulated market.
Dow Chemical (U.S.), AkzoNobel N.V (The Netherlands), Occidental Chemical Corporation (U.S.), Ineos (Switzerland), Kem One (France), Shin-Etsu (Japan), Gujarat Alkalies & Chemicals Ltd. (India), and Solvay S. A. (Belgium) are the important manufacturers of chloromethanes at the global level. Dow Chemical, Occidental Chemical Corporation, and AkzoNobel N.V. are the most active players from 2010 to 2013, in terms of developments in the chloromethanes industry. In terms of market activities, expansion was the most preferred development strategy. Most of the developments are seen in 2013 in the Asia-Pacific region. Though, it is expected that players will have to create joint ventures or partnerships to cope up with low demand and ample capacity in the industry.
The local production can easily fulfill the increased demand in Asia-Pacific region, so global players will need to balance the supply & demand economics. Recently, as a low growth chloromethanes market and their inclination towards higher growth market, Dow Chemical said it will sell the overall chlorine business which includes chloromethanes. Solvay and Ineos are expected to come up with a joint venture to optimize the profit and balance the supply & demand issues specifically in the European region. In the Asia-Pacific region, Indian players such as SRF Ltd. and Gujarat Alkalies and Chemicals Ltd. have recently expanded to provide the improved demand from mainly Asian and South-East Asian regions.
The report categorizes chloromethanes into four different types. These are methyl chloride, methylene chloride, chloroform, and carbon tetrachloride.
The industry demanded chloromethane, namely methylene chloride is largely used in different applications due to its varied properties as it is used as solvent, intermediate, and processing agent. It is provided by leading manufacturers available for applications such as pharmaceuticals, foam blowing agent, chemical processing, and others. It is mostly referred as dichloromethane and expected to grow at a moderate CAGR of 4.9% from 2013 to 2018 in terms of consumption. The Asia-Pacific with a CAGR of 6.5% is the fastest growing market for methylene chloride in terms of market revenue.
Related Reports:
Chloromethanes Market by Type (Methyl Chloride, Methylene Chloride, Chloroform, Carbon Tetrachloride), by Geography (NA, Europe, Asia-Pacific, & ROW) & by Application - Global Trends and Forecasts to 2018
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