The mushrooming use of chloromethanes as a raw material for producing industrial solvents is driving its demand across the world. Large quantities of this compound are processed for producing dimethyldichlorosilane and various associated organosilicon compounds. Dimethyldichlorosilane basically serves as a precursor to the silicones that are heavily used for producing medicines, sealants, adhesives, lubricants, and cooking utensils and also in electrical and thermal insulation. In addition to this, several other derivatives of chloromethane such as trimethylsilyl chloride and methyltrichlorosilane are heavily used as solvents in various chemical processes.

For example, Nouryon, which was earlier known as AkzoNobel N.V., announced in April 2019 that it aims to expand the production capacity of its facility in Frankfurt, Germany to take maximum advantage of the booming opportunities. Due to these measures, the global chloromethanes market is predicted to exhibit huge expansion in the coming years. According to the forecast of P&S Intelligence, a market research company based in India, the market revenue will surge from $2,675.9 million in 2018 to $3,286.9 million by 2024.

The market is also expected to progress at a CAGR of 3.4% from 2019 to 2024. Methyl chloride, methylene chloride, chloroform, and carbon tetrachloride are the most widely used forms of chloromethanes. Out of these, the demand for methyl chloride was found to be the highest during the last few years. This was because of its extensive usage in several industrial applications such as adhesive production, metal cleaning agents, pharmaceutical products, flexible polyurethan foam production, formation of paint stripping and various removal products.

Globally, the sales of chloromethanes were observed to be the highest in the Asia-Pacific (APAC) region in the past years. Moreover, the chloromethanes market is predicted to exhibit the fastest growth in APAC in the forthcoming years. This is attributed to the soaring production and usage of chloromethanes in the regional countries such as India and China. China holds a major share in the global market, as it is one of the world’s biggest producers of several chemicals and intermediates, pharmaceuticals, and agrochemicals.

Hence, it is safe to say that the sales of chloromethanes will explode in the coming years, mainly because of the growing requirement for the compound in the production of various chemicals and industrial solvents.