Methylene Chloride Market 2020 Trends, Segmentation and Opportunities Forecast To 2027 | LCY Chemical Corp., ExxonMobil, Royal Dutch Shell PLC, etc.

The methylene chloride is also known as dichloromethane. It is a volatile, colourless, non-flammable, water-soluble liquid with a sweet odour which is extensively used for various commercial and industrial applications. It is mainly used as a solvent in paint stripper, paint thinner, and metal degreaser, and it is also used as an intermediate solvent in chemical processing. It is used to produce solvent in coatings and paintings, decaffeinated coffee, and food colouring materials. It is used in industrial applications in metal cleaning, paint stripper and degreasing photographic films, automotive products, paint remover, and polycarbonate resins. The global methylene chloride market is estimated to reach USD 4.93 Billion at a growth rate of 5.3% over 2017-2027.

Key participants include LCY Chemical Corp., ExxonMobil, Royal Dutch Shell PLC, Maruzen Petrochemicals, Arkema S.A, Celanese Corporation, Eastman Chemical Company, Petro China, Sasol Limited, and ISU Chemical.

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Market Drivers

The market growth is driven by the significant demand for methylene chloride in commercial and industrial applications. The offline retailing distribution channel accounts for a major chunk of the market revenue share. However, the online retailing will witnesses the maximum growth rate in the forecast period. The automotive applications are estimated to grow at 6.0% during the forecast period. The varnishes & paints segment held a market share of 17.4% in 2019 and is expected to grow at a 4.7% CAGR in the forecast period.

For the purpose of this report, Reports and Data have segmented the global Methylene Chloride market on the basis of the end-use, sales channel, applications, and region:

End-Use Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
• Direct Solvent
• Chemical Intermediate
• Chemical Reagents
• Others

Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
• Online Retailing
• Offline Retailing

Applications Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
• Paints & Coatings
• Rubber & Adhesive
• Chemical & Pharmaceuticals
• Food Packaging & Flavoring
• Others

Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America

Regional Analysis

The Asia Pacific had the highest largest market share of 37.3% in 2019. The Asia Pacific is estimated to have a growth rate of 6.3% during the forecast period. India and China are the largest revenue contributors to the regional industry.

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Key Points of the Report:
• The report entails a detailed industry chain analysis, coupled with significant information about the raw materials and end-users.
• It presents information about the key players, such as including SWOT analysis, financial figures of various companies, and many more.
• The complete market analysis is claimed to be highly effective for interested readers, as it encapsulates the key market drivers, restraints, opportunities, and threats, using Porter’s five forces analysis and PEST analysis.
• It elaborates on the new, promising arenas in the leading market regions.
• The report reviews the regulatory framework for creating new opportunities in various regions of the market and focuses on the new revenue streams for the players in the emerging markets.
• It offers details in the rising revenue share and size of the leading product segments of the market during the forecast period.

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