Chloromethane Market - Forecast(2021 - 2026)
According to a report published by IndustryARC on Chloroform, the total exports that took place in 2017 amounted to $9,171,294,000. Used as a local anesthetic as well as in the heating, ventilation, and air conditioning industry, chloroform has found an important place in pharmaceutical and refrigerant industries worldwide. Chloroform is just a type of chloromethane which is reflective of the high demand faced by the latter’s market. The chloromethane market has a wide end-user industry including pharmaceutical, refrigeration, textile, paints and coatings, automotive, construction, personal care, and others. Chloromethane, though with its limited usage in the refrigeration industry these days will continue to experience growth for its varied industrial utilization. In the year 2018, the global chloromethane market size stood at $2,115 million and the market demand will grow with a healthy compound annual growth rate (CAGR) of 3.90% during the forecast period of 2019-2025. Chlorom...