Chloroform Market - Forecast(2021 - 2026)

The global chloroform exports in 2017 amounted to $ 9,171,294,000 and is expected to grow steadily. The growth of the chloroform market is triggered by the increase in the demand for HVAC (Heating, ventilation and air-conditioning) equipment and fluoropolymers most importantly PTFE (Polytetrafluoroethylene). The industrial use of chloroform as an important reagent for producing dyes, coatings and pesticides is expanding rapidly throughout. Developing countries like China and India are seeing more investments in the production of chloroform as supply chains are optimized involving these developing countries. The applications of chloroform and its derivatives is found in manufacturing of refrigerants, PTFE, piping inlet coatings, dust filters and others.

What is Chloroform? 
Chloroform also known as trichloromethane is one of the most popular solvent for organic compounds which do not dissolve well in water. It is colourless, volatile and has a strong smell, commonly used in laboratories as a solvent and extensively used in industries as an intermediate for the manufacturing of refrigerants and fluorocarbons. In the past, chloroform was used as an anesthetic but due to its volatile and possible carcinogenic effect, the chemical was banned.

Market Research and Market Trends of Chloroform Market 
  • Researchers at the University Putra Malaysia have published their research on the determination of anti-ulcer activity mechanisms of chloroform derived from the Channa striatus fillet fish. This fish is used as a traditional cure for wounds and ulcers in Malaysia. This would lead to a better understanding of how chloroform works in different biological and physiological cases while relating to its pharmacology and biochemistry.
  • The leading European key player in manufacturing chloroform, Kem One signed a joint-venture deal with an Indian chemicals manufacturer named Chemplast Sanmar. The project which is being set up at an estimated cost of Rs. 325 crores (about 48 MUSD) will have technology from Kem One and a capacity of 22,000 TPA of CPVC resins.  It will also manufacture CPVC compounds where the important intermediate is chloroform

Who are the Major Players in Chloroform Market?

The key players in the manufacturing of Chloroform and its derivatives are BASF SE, Dow Chemicals, Tokuyama Corporation, Solvay and Gujarat Alkalies and Chemicals Limited.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market. 

For more Chemical and Materials related reports, please click here

Comments

Post a Comment

Popular posts from this blog

Explosion Proof Mobile Communication Devices Market - Forecast(2022 - 2027)

Image
Wireless Technology  is becoming a key differentiator in the industries to enhance respective efficiencies and value propositions for plethora of operations. Wireless technology, complimented by Industry4.0 is rapidly replacing conventional cable-based networks due to reduction in costs and versatility in placing devices without any crucial requirement of creating a suitable infrastructure. Wireless devices operating in industrial locations are based on Radio Frequency (RF) spectrum utilized in variety of industrial operations such as asset management, logistics, process measurements, maintenance and installation of equipment. But the key issue with integration of wireless devices in process and discrete automation include induction of currents in metallic objects or inadequate EMI-protection for electronic circuits. These currents can become a notable source for generation of sparks if the wireless power level exceeds 2W under excessive temperature conditions. Therefore, the prote...
Read more

Aluminum Oxide Market - Forecast(2021 - 2026)

Image
Aluminum oxide   is a compound that is represented by the chemical formula Al2O3. The compound can be found in a number of forms such as powder, pellets, pieces, sputtering targets, nanoparticles and tablets. One key feature of aluminum oxide is that it is an electric insulator and hence, is often used as protective layer for any application in which electricity is used and where the current charge needs to be restricted.  Aluminum oxide is used across a number of applications some of which include pharmaceutical and industrial manufacturing. It is also used for chromatography. Further to this, since it has high thermal conductivity, aluminum oxide is also suitable for ceramic material. Aluminum oxide is also used as a layer over a number of devices to protect them from weathering. Aluminum oxide is also a widely used phosphate remover. Aluminum in the form of both salts and solid alumina, removes phosphate from aqueous solutions Request Sample A key advantage of aluminum oxid...
Read more

Magnesite Market By Type (Magnesite Ore, Dead Burned Magnesia, Fused Magnesia, And Others) And Application (Construction, Industrial, Chemical, Agriculture, And Others) - Opportunity Analysis And Industry - Global Forecast 2020 To 2025

Image
Overview Magnesite Market is forecast to reach $11.39 billion by 2025, after growing at a CAGR of 5.54% during 2020-2025. The key factors driving magnesite market growth include increased demand for magnesite, particularly in chemical and construction industries and increased the production of different grades worldwide. Magnesite is a mineral with a chemical formula of magnesium carbonate and occurs as veins in and an alteration product of ultramafic rocks, serpentinite and other magnesium-rich rock types in both contact and regional metamorphic terrains. These magnesites are often cryptocrystalline and contain silica in the form of chert or opal. Furthermore, the increase in demand from refractory applications primarily in the iron & steel industries fuel the growth of the market.  The report covers Magnesite Market size by type and Applications, Magnesite Market share by top 5 companies and also the market share by start-ups during the forecast period. Report Coverage The r...
Read more