Dichloromethane Industry Analysis by Application, Growth Rate, Sales Forecast 2016-2021
Dichloromethane Industry contains Market Competition by Manufacturers, Manufacturers Profiles/Analysis, Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Market Effect Factors Analysis.
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. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/dichloromethane-dcm-market
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. 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. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/dichloromethane-dcm-market/request-sample 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.
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. See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/chemicals
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