15 October 2018: 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.
Browse Detail TOC of Dichloromethane
Market Research Report at:
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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.
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.
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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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