Methylene Chloride Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Methylene Chloride Market Analysis
The global market for methylene chloride is expected to register a CAGR of more than 4% during the forecast period. The market is expected to increase due to the rising demand from the paints and coatings industry.
- The increasing demand from the paints and coatings industry likely promotes market-studied growth.
- However, owing to the harmful effects, methylene chloride is regulated across various significant countries.
- Methylene chloride will likely remain mature in the refrigerant market, maintaining its demand in the coming years.
- Asia-Pacific dominated the market and may continue its dominance during the forecast period.
Methylene Chloride Market Trends
Increasing Demand from Pharmaceutical Industry
- Methylene chloride, also called Dichloromethane (DCM), is a solvent in pharmaceutical applications, mainly used to extract several compounds and produce antibiotics and vitamins. It is also used as a tablet-coating agent.
- While the pharmaceutical industry had a mixed year globally, the underlying performance and outlook for the sector are positive. COVID-19 therapeutics boosted the growth of many companies, while most others remained relatively immune to some of the pandemic's effects.
- New medications are being developed, approved, and marketed regularly, resulting in significant market growth. Other market growth drivers include the aging population, as seniors use more medicines per capita, and the prevalence and treatment of chronic diseases are increasing. Most countries' population profiles are becoming older. According to the World Health Organization (WHO), one in every six people will be over 60 by 2030.
- The pharmaceutical industry is expected to reach about USD 1,700 billion by 2025, with an annual growth rate of 8%.
- It is, moreover, owing to the growing middle class, aging, rising incomes, and increasing urbanization in countries such as the United States, China, and India.
- The healthcare sector in the United States is one of the most advanced sectors in the country. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), US firms conduct over half the world's R&D in pharmaceuticals and hold the intellectual property rights on most new medicines.
- Therefore, the increasing pharmaceutical industry is expected to propel the methylene chloride demand during the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is expected to account for the largest market for methylene chloride during the forecast period.
- Higher demand is expected from the major developing countries, such as China, India, Japan, and others.
- Paints and coatings demand is increasing in the region. The automotive and construction industry contributes to a significant share in the consumption of paints and coatings.
- Asia-Pacific includes the most prominent construction market globally, led by India, China, and various Southeast Asian countries. The main driving factors for the construction activities growth in these countries are increasing living standards, higher per capita income, industrialization, infrastructural development, etc.
- Moreover, the Asia-Pacific region, with low manufacturing costs, cheap labor sourcing, and an extensive customer base, includes a substantial inflow of FDI, with India and China being the primary beneficiaries. The region's favorable economic climate boosted the demand for hotels, shopping malls, high-rise buildings, and stadiums.
- The Chinese government built a state infrastructure investment fund worth USD 77 billion to revive its infrastructure to combat China's stunted economic growth. The construction output in China was valued at USD 4.54 trillion in 2021.
- On the other hand, as per the Invest India Report, India's construction industry is heading to reach USD 1.4 trillion market size by 2025, supported by schemes about the smart city mission targeting the transformation of 100 cities and affordable housing.
- In India, FDI in the construction development sector (townships, housing, built-up infrastructure, and construction development projects) and construction (infrastructure) activities amounted to USD 26.16 billion and USD 25.95 billion, respectively, between April 2000 and September 2021.
- Pharmaceutical production in countries like China and India is growing due to government initiatives and manufacturers' investments in the sector. It is expected to boost the consumption of the market studied in pharmaceutical production.
- The pharmaceutical sector is one of the key industries in China's continued economic development. From joining the World Trade Organization, China's pharmaceutical industry rapidly progressed. According to the National Bureau of Statistics, the pharmaceutical sector generated USD 511 billion in 2021.
- India occupies an important position in the global pharmaceutical sector. According to the Indian Brand Equity Foundation, the Indian pharmaceutical sector supplies over 50% of the global demand for various vaccines, 40% of the US generic drug demand, and 25% of the total UK drug demand. Globally, India ranks 3rd in pharmaceutical production volume and 14th in value. The domestic pharmaceutical industry includes a network of 3,000 pharmaceutical companies and approximately 10,500 production units.
- Hence, with such trends, the methylene chloride demand in the Asia-Pacific region is expected to grow during the forecast period.
Methylene Chloride Industry Overview
The global methylene chloride market is fragmented in nature. The major players in the market include Nouryon, Olin Corporation, Oxy Chemical Corp., Shin-Etsu Chemical Co. Ltd., and Tokuyama Corporation, among others.
Methylene Chloride Market Leaders
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Nouryon
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Olin Corporation
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Oxy Chemical Corp.
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Shin-Etsu Chemical Co., Ltd.
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Tokuyama Corporation
*Disclaimer: Major Players sorted in no particular order
Methylene Chloride Market News
- December 2022: Ardena announced the upgradation of its manufacturing capacities in the Pamplona site, Spain. With the investments, the facility will be able to manufacture using a variety of organic solvents, including dichloromethane (also known as methylene chloride) and chloroform, handle a more extensive range of moisture-sensitive compounds, and boost yields.
- July 2022: Eco Safety acquired Soy Technologies to expand its biobased coatings and methylene chloride alternatives.
Methylene Chloride Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand from Paints and Coatings Industry
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Harmful Effects of Methylene Chloride
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Application
5.1.1 Paint Remover
5.1.2 Pharmaceuticals
5.1.3 Chemical Processing
5.1.4 Foam Manufacturing
5.1.5 Metal Cleaning
5.1.6 Other Applications
5.2 Geography
5.2.1 Asia-Pacific
5.2.1.1 China
5.2.1.2 India
5.2.1.3 Japan
5.2.1.4 South Korea
5.2.1.5 Rest of Asia-Pacific
5.2.2 North America
5.2.2.1 United States
5.2.2.2 Canada
5.2.2.3 Mexico
5.2.3 Europe
5.2.3.1 Germany
5.2.3.2 United Kingdom
5.2.3.3 Italy
5.2.3.4 France
5.2.3.5 Rest of Europe
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle-East and Africa
5.2.5.1 Saudi Arabia
5.2.5.2 South Africa
5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AGC Chemicals
6.4.2 Dow
6.4.3 Kem One
6.4.4 Nouryon
6.4.5 Olin Corporation
6.4.6 Oxy Chemical Corp
6.4.7 PJSC Khimprom
6.4.8 Shin-Etsu Chemical Co. Ltd
6.4.9 Spectrum Chemical Manufacturing Corp
6.4.10 Tokuyama Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Methylene Chloride Industry Segmentation
Methylene chloride or dichloromethane is a colorless liquid with a chloroform-like odor. Methylene chloride is used in various industrial processes, including paint stripping, paint remover manufacturing, pharmaceutical manufacturing, and metal cleaning and degreasing. The methylene chloride is segmented by application and geography. By application, the market is segmented into paint remover, pharmaceuticals, chemical processing, foam manufacturing, metal cleaning, and other applications. The report also covers the market size and forecasts for methylene chloride in 15 countries across major regions. The market sizing and forecasts are based on volume (kilotons) for each segment.
| Application | |
| Paint Remover | |
| Pharmaceuticals | |
| Chemical Processing | |
| Foam Manufacturing | |
| Metal Cleaning | |
| Other Applications |
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Methylene Chloride Market Research FAQs
What is the current Methylene Chloride Market size?
The Methylene Chloride Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Methylene Chloride Market?
Nouryon, Olin Corporation, Oxy Chemical Corp., Shin-Etsu Chemical Co., Ltd. and Tokuyama Corporation are the major companies operating in the Methylene Chloride Market.
Which is the fastest growing region in Methylene Chloride Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Methylene Chloride Market?
In 2024, the Asia Pacific accounts for the largest market share in Methylene Chloride Market.
What years does this Methylene Chloride Market cover?
The report covers the Methylene Chloride Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Methylene Chloride Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Methylene Chloride Industry Report
Statistics for the 2024 Methylene Chloride market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Methylene Chloride analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
