The global dichloromethane market is segmented
on the basis of application and geography. Dichloromethane (DCM) also known as
methylene chloride is manufactured by reacting methane or methyl chloride with
chlorine gas in a distillation process. Methylene chloride is a colorless,
volatile liquid with a slight sweet odor. The major application of methylene
chloride is as a solvent in various end-user industries such as paints &
coatings, pharmaceuticals, textiles, adhesives & sealants and aerosols
among others. Methylene chloride is used in paint stripper and degreasers.
It is also used in beverage industry to decaffeinate tea and coffee. In addition, methylene chloride finds applications in polyurethane foams as a blowing agent and metal cleaning applications. Moreover, methylene chloride is used in manufacturing of hydrofluorocarbons such as HFC-32.The market for dichloromethane was mainly driven by high demand from paints & coatings market. Dichloromethane is used as solvent in paints & coatings and huge demand from paints and coatings industry is driving the market in past few years.
It is also used in beverage industry to decaffeinate tea and coffee. In addition, methylene chloride finds applications in polyurethane foams as a blowing agent and metal cleaning applications. Moreover, methylene chloride is used in manufacturing of hydrofluorocarbons such as HFC-32.The market for dichloromethane was mainly driven by high demand from paints & coatings market. Dichloromethane is used as solvent in paints & coatings and huge demand from paints and coatings industry is driving the market in past few years.
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Other industries such as
adhesives & sealants, textiles and pharmaceutical are expected to exhibit
steady demand for dichloromethane in the coming years. Increasing demand from
fluorocarbons is likely to provide bigger opportunities for the dichloromethane
market in next coming years. Increasing demand for HFC-32 from end-user
industries is likely to offer more demand for dichloromethane in years to come.
However, stringent government regulations faced by methylene chloride industry
due to being considered as potential carcinogenic chemical is anticipated to
hider the growth of the market in next coming years.
On the basis of application, the
dichloromethane market is segmented into paint remover, pharmaceuticals,
chemical processing, foam manufacturing, metal cleaning and so on. On the basis
of geography, the dichloromethane market is segmented into North America, Asia
Pacific, Europe, Latin America and Middle East & Africa.
Asia Pacific was the leading
region in methylene chloride market. Asia Pacific is expected to be one of the
fastest growing markets for methylene chloride due to increasing demand for
solvents from various end-user industries. China exhibited the highest demand
for methylene chloride in Asia Pacific region.
India and Pakistan accounted for
second-largest market share for methylene chloride in Asia Pacific region.
India is likely to be the fastest growing country for methylene chloride in
this region. However, other regions such as Japan, South Korea and Southeast
Asia is likely to exhibit stable demand for methylene chloride in next few
years to come.
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UK dominated the demand for
methylene chloride in Europe. However, other countries such as Germany, France,
The Netherlands, and Italy are likely to increase its demand for methylene
chloride in upcoming years. North America had the third largest demand for
methylene chloride. The U.S. had the largest demand for methylene chloride
owing to huge demand from end-user industries such as paints & coatings,
adhesives and pharmaceuticals among others.
The key players of
dichloromethane market are Dow Chemical, AkzoNobel, Ineos, AGC, Solvay S.A.,
Occidental Chemical Corporation, Kem One, Tokuyama, Ercros, Shin-Etsu Chemical,
Gujarat Alkalies& Chemicals Ltd., Juhua Group, Jiangsu Meilan, Shandong Jinling,
Dongyue Group, Luxi Group and PPG Industries.
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