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 laborat