Global dichloromethane market, 2024-2030

Dichloromethane, popularly known as Methylene chloride (DCM), is produced by the distillation process of methane or methyl chloride with chlorine gas. Dichloromethane is a colorless, volatile liquid with a bit sweet odor. It is used in paint stripper and degreasers. It also has application in beverage industry to decaffeinate tea and coffee. Some other major applications of dichloromethane are in end-user industries such as paints & coatings, pharmaceuticals, textiles, adhesives & sealants and aerosols among others.

The global dichloromethane market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global dichloromethane market is growing at a fast pace and increasing its geographical footprint rapidly. The global dichloromethane market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

Plentiful demand of paints & coatings is the major driving factor for the global dichloromethane market. Other end-user industries such as adhesives & sealants, textiles and pharmaceutical are also expected to drive the market during the forecast period. Asia Pacific is witnessed to be the fastest growing market for dichloromethane because of the rising demand for solvents in various end user industries.

Exposure to dichloromethane causes various health problems. Thus, it can be a major hindrance for the market growth. Strict government protocols coupled with substitutes available is also expected to hamper the growth of the market in the forecast period.

The dichloromethane market has remarkable usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and Latin America. The key players in global dichloromethane market are Solvay S.A., AkzoNobel N.V., The Dow Chemical Company, Gujarat Alkalies and Chemicals Ltd., PPG Industries, Occidental Petroleum Corporation, Eastman Chemical Company, Shin-Etsu Chemical Co. Ltd., and so on.

Research Methodology

The research process includes the market segmentation of the global dichloromethane market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global dichloromethane industry dynamics
• Estimation of the present global dichloromethane market size in terms of value and volume
• Global dichloromethane market breakup based on type and application
• Substantiated global dichloromethane market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global dichloromethane industry value chain