Chloromethane Market Report 2025

The chloromethane market size has grown strongly in recent years. It will grow from $4.01 billion in 2024 to $4.28 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to chemical industry growth, industrial applications, plastics and polymers production, silicone production, pharmaceutical sector demand.

The chloromethane market size is expected to see strong growth in the next few years. It will grow to $5.65 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to expanding silicone demand, agricultural chemicals demand, evolving solvent applications, electronics and semiconductor sector expansion, global manufacturing expansion. Major trends in the forecast period include innovations and r&d investment, regulatory shifts and compliance, adaptation in energy sectors, emerging market growth, utilization as a solvent and intermediate.

The expanding drug and medical industry is expected to drive growth in the chloromethane market in the coming years. The medical industry encompasses businesses that provide medical services, manufacture medical equipment or drugs, offer medical insurance, and facilitate healthcare delivery to patients. Chloromethane serves as a chemical intermediate in the production of various drugs and medicines, thus contributing to market growth. For example, in January 2023, it was projected that spending on oncology would reach approximately $370 billion by 2027, nearly doubling the demand from 2023. Additionally, biotech medicines are expected to account for 35% of global expenditure. Overall, the demand for medicines is anticipated to rise to about $1.9 trillion by 2027. Therefore, the thriving drug and medical industry is a key factor driving growth in the chloromethane market.

The increasing chemical production is projected to drive the growth of the chloromethane market in the future. Chemical production encompasses the manufacturing of chemicals for various applications, including agriculture, pharmaceuticals, construction, and manufacturing. Chloromethane finds application in several areas within the chemical sector, such as the production of adhesives, sealants, silicones, agricultural chemicals, plastics, and rubber products. It also serves as a chemical intermediate in the manufacturing of derivative products like chloroform, methylene chloride, and carbon tetrachloride. For example, a report published by BASF SE, a Germany-based chemicals company, revealed that global chemical production (excluding pharmaceuticals) is anticipated to grow by 2% in 2023. Thus, the rising chemical production is a significant driver of growth in the chloromethane market.

The rising sales of passenger vehicles are expected to drive growth in the chloromethane market moving forward. Passenger vehicles are automobiles designed for transporting passengers. The application of chloromethane in these vehicles contributes to reduced weight, enhancing fuel efficiency and subsequently lowering carbon emissions. For example, in February 2023, the China Passenger Car Association, a China-based organization providing automotive statistics, reported that passenger car sales increased by 2.2% in August compared to the same month the previous year, reaching 1.94 million units. Therefore, the growing sales of passenger vehicles are fueling growth in the chloromethane market.

Major companies in the chloromethane market are concentrating on strategic investments to gain a competitive advantage. Such investments refer to substantial financial commitments made by companies to leverage growth opportunities and market dynamics related to chloromethane. For instance, SRF Limited, an India-based chemicals company, announced a Rs 315 crore (approximately $38 million) investment to establish a new chloromethane plant. This project is expected to increase the annual capacity by an additional 100,000 tons by January 2022. In its filing, the company emphasized that all safety measures were considered and that it has resumed supply chain and distribution operations to meet customer demands.

In January 2023, Nouryon, a Netherlands-based specialty chemicals company, acquired ADOB for an undisclosed amount. This acquisition is intended to strengthen Nouryon's crop nutrition portfolio and expand its offerings in chelated micronutrients and specialty agricultural solutions. ADOB is a Poland-based company that specializes in chloromethane production.

Major companies operating in the chloromethane market are Dow Inc., Asahi Glass Co. Ltd., Gujarat Alkalies & Chemicals Ltd., AkzoNobel N.V., Solvay SA, Occidental Chemical Corporation, Ineos Group Holdings SA, Kem One SAS, Shin-Etsu Chemical Co. Ltd., Tokuyama Corporation, AGC Chemicals Ltd., Nouryon BV, Sanmar Group, SRF Limited, Fisher Scientific Inc., Gujarat Fluorochemicals Limited, Tokyo Chemical Industry Co. Ltd., BASF SE, The Chemours Company, Ercros S.A., China Petroleum & Chemical Corporation, Jiangsu Yangnong Chemical Group Co. Ltd., Celanese Corporation, Alkyl Amines Chemicals Limited, Merck KGaA, Praxair Inc., Puyang Shenghuade Chemical Co. Ltd., Shandong Dongyue Chemical Co.Ltd., Shandong Taihe Technologies Co. Ltd., Shandong Xinlong Group Co.Ltd.

Asia-Pacific was the largest region in the chloromethane market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the chloromethane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chloromethane market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Chloromethane is a clear, colorless, toxic, and highly flammable gas that is denser than air. It finds applications as a refrigerant and in various industrial processes.

The primary types of chloromethane include methylene chloride, methyl chloride, carbon tetrachloride, and chloroform. Methylene chloride is a colorless chemical compound with a mild, sweet odor. It is utilized for paint removal and cleaning purposes. This versatile compound is employed in various applications, including refrigeration, industrial solvents, chemical intermediates, silicone polymers, laboratory chemicals, temperature control, and as a local anesthetic. Industries such as pharmaceuticals, agrochemicals, automotive, paints and coatings, personal care, and cosmetics use methylene chloride in different capacities.

The chloromethane market research report is one of a series of new reports that provides chloromethane market statistics, including chloromethane industry global market size, regional shares, competitors with a chloromethane market share, detailed chloromethane market segments, market trends and opportunities, and any further data you may need to thrive in the chloromethane industry. This chloromethane market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The chloromethane market consists of sales of reagents, extractants, propellants, and solvents. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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