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Overview of the global methylene chloride market
Various end-user industries such as adhesives and sealants, pharmaceuticals, and paints and coatings in APAC uses methylene chloride as a solvent. The paints and coatings industry increasingly use methylene chloride in paint removal chemicals as it helps in weakening the layer’s adhesion to the surface and helps in separation of paint from the substance. Methylene chloride is also used in automobiles as degreaser. Technavio’s market research report identifies that the growing demand for methylene chloride in APAC will be one of the primary growth drivers for the global methylene chloride market till 2022. Technavio’s market research analysts predict that the market will grow at a CAGR of close to 5% by 2022.
Paints are extensively used to prevent algae, rust, fungus, cracks, and enhance the life of the structure. Solvents such as methylene chloride are used to remove these paints when required. It is a highly volatile solvent and is widely used in paint stripping. The growth in the paint and coatings industry will positively influence the methylene chloride market during the forecasted period.
Companies covered
The methylene chloride market appears to be concentrated due to the presence of few established vendors. This industry research report offers information about the competitive environment among players in this marketspace and offers an analysis of key companies and their products. Additionally, our analysts also offer information about key areas the players of the dichloromethane market currently focus on and strategies they follow to sustain the competition.
This research report provides an analysis of various companies in the market including
- AkzoNobel
- DowDuPont
- Gujarat Alkalies and Chemicals Limited
- PPG Industries
- Shin-Etsu Chemical
Segmentation by application and analysis of the methylene chloride market
- Paint remover
- Pharmaceuticals
- Chemical processing
- Metal cleaning
The paint remover segment accounted for the majority of shares of the methylene chloride market during 2017. It has been estimated that the segment will lead the dichloromethane market for the next four years.
Segmentation by geography and analysis of the methylene chloride market
In terms of geography, during 2017, the APAC region contributed the majority of shares toward the market. The dichloromethane market will grow in the region throughout the projected period.
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Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global methylene chloride market?
- What are the key market trends impacting the growth of the global methylene chloride market?
- What are the challenges to market growth?
- Who are the key vendors in the global methylene chloride market?
- What are the market opportunities and threats faced by the vendors in the global methylene chloride market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global methylene chloride market?
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