Methylene Chloride Market Size, Trends and Insights By Application (Paint Remover, Solvent, Pharmaceuticals, Chemical Processing, Foam Manufacturing, Metal Cleaning, Others), By End Use Industry (Food & Beverage Industry, Building & Construction Industry, Pharmaceuticals Industry, Transportation Industry, Others), By Sales Channel (Direct, In Direct), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- AkzoNobel N.V.
- Dow Chemical Company
- Eastman Chemical Company
- Ercros S.A.
- Gujarat Alkalies & Chemicals Ltd.
- Others
Reports Description
Global Methylene Chloride Market was valued at USD 24.4 Billion in 2023 and is expected to reach USD 39.9 Billion by 2032, at a CAGR of 5.08% during the forecast period 2023 – 2032.
Methylene Chloride is a volatile, colourless liquid with a chloroform-like odour. It is also called dichloromethane. Methylene chloride is used in various applications such as paint stripping, pharmaceutical manufacturing, paint remover manufacturing, and metal cleaning and degreasing.
Methylene chloride is miscible with a variety of solvents. Its volatility makes it useful as a solvent in various chemical processes. Methylene chloride is the least toxic compound of the simple chlorohydrocarbons and is not flammable. It is even used in the food industry to decaffeinate coffee and tea.
Methylene Chloride Market: Growth Factors
Growing Usage of Methylene Chloride in Construction Industry
Methylene chloride is used as solvent in the manufacturing of various construction chemicals, paints strippers and adhesives.
Construction Industry across the developing and developed economies such as China, India, Japan, ASEAN, U.S., Canada, Germany and France is expanding rapidly due to increasing population and rapid urbanization, which in turn propelling the demand for construction products, thereby driving the market growth of Methylene Chloride.
For instance, according to the government of India’s National Investment Promotion and Facilitation Agency, the construction Industry in India is expected to reach USD 1.4 Trillion by 2025. An estimated 600 Mn people are likely to be living in urban centres by 2030, creating a demand for 25 Mn additional mid-end and affordable units.
China’s 14th Five-Year Plan is encouraging new infrastructure projects in transportation, energy, water systems, and new urbanization. According to estimates, through this overall the 14th Five-Year Plan period (2021-2025) Government of China is aiming to invest USD 4.2 trillion in new infrastructure.
The new plan also calls for the retrofitting of over 350 million square meters of buildings and the construction of over 50 million square meters of net zero energy consumption buildings. Thus, such a rapidly expanding construction industry is expected to increase the demand for paint strippers, adhesives and construction chemicals thereby driving the market growth of global methylene chloride during the forecast period.
Increasing Usage of Methylene Chloride in Various End Use Industries
Methylene Chloride finds applications in many end use applications such as pharmaceutical production, paint remover, and metal cleaning and degreasing. Methylene dichloride paint removers are capable of removing many kinds of coatings from a range of surfaces.
Methylene chloride is a colourless liquid which has a sweet, penetrating, ether-like smell. It is a volatile liquid chlorinated hydrocarbon. Due to such versatile properties, Methylene chloride is used in the pharmaceutical industry as an aerosol spray propellant, and as a blowing agent for polyurethane foams.
In the transportation industry, Methylene chloride is used to degrease metal surfaces and parts, such as airplane components and railroad tracks and equipment. Various lubricating and degreasing products such as gasket removal contain methylene chloride.
Automotive specialists use a vapour methylene chloride degreasing process to remove oils and grease from car transistor parts, diesel motors and aircraft components and spacecraft assemblies. Modern vapour degreasing techniques that rely on methylene chloride enable metal parts in transportation systems to be cleaned quickly and safely.
Thus, the growing usage of methylene chloride in above mentioned applications is expected to propel the market growth during the forecast period.
Methylene Chloride Market: Restraints
Despite of various advantages and benefits of Methylene Chloride, many factors are restraining the market growth of Methylene Chloride. Factors such as Stringent regulations about the usage of Methylene Chloride, fluctuation in raw material prices, and easy availability of substitutes, are restraining the market growth.
Governments across the globe are implementing stringent regulations about Methylene Chloride production, transportation and usage. Concerns regarding the toxicity of methylene chloride is a major factor restraining consumption in certain applications.
Methylene chloride exposure and excessive consumption can have adverse effects on human health including liver toxicity, neurotoxicity, and cancer risks.
Regulatory authorities have imposed stringent regulations on the usage of methylene chloride in pharmaceutical, electronics cleaning, and other applications where it directly contacts humans. These regulations are restraining the market growth during the forecast period.
Furthermore, the lack of universal directives about the usage and production of methylene chloride is also reducing the production and consumption of methylene chloride. Every country has different directives about the usage and production of methylene chloride.
Methylene Chloride manufacturers are finding it very difficult to cope with such country wide regulations, which in turn discourage the investment in market, thereby restraining market growth.
Methylene Chloride Market: Opportunities
Growing Usage of Methylene Chloride in Food and Beverages Applications
Increasing usage of methylene chloride in food and beverage applications is expected to create lucrative opportunities for the market during the forecast period. Methylene chloride is used as an extraction solvent in the food and beverage manufacturing industry. Methylene chloride is used to decaffeinate tea and coffee in the food & beverage sector.
For example, methylene chloride can be used to remove caffeine from unroasted coffee beans and tea leaves, to make decaffeinated coffee and tea.
Furthermore, Methylene chloride also is used in processing spices, creating hops extract for beer and other flavourings for the food and beverage industries. The FDA has established limits on the amounts of methylene chloride that can remain in these food products.
Thus, the growing usage of methylene chloride in food and beverage applications is expected to create lucrative opportunities for the market during the forecast period.
Methylene Chloride Market: Segmentation Analysis
The Global Methylene Chloride market is segmented by application, by end use industry, by sales channels and by region. By Application, the market is categorised as paint remover, solvent, pharmaceuticals, chemical processing, foam manufacturing, metal cleaning and others.
Among all of these applications, the Paint remover application held the highest market share in 2022 and is expected to keep its dominance during the forecast period. Methylene chloride is a solvent found in paint and varnish strippers that are used to remove paint or varnish coatings from a variety of surfaces.
Methylene chloride is mainly used as a solvent for paint stripping, varnish removal, aerosol spray repellent and degreasing. It is an effective solvent because of its high volatility and stability.
By End Use Industry, Global Methylene Chloride market is segmented into food & beverage industry, building & construction industry, pharmaceuticals industry, transportation industry and others. Among all of this end use industry, the transportation end use industry held the highest market share in 2022 and is expected to keep its dominance during the forecast period.
Methylene chloride is used to degrease metal surfaces and parts, such as airplane components and railroad tracks and equipment. Modern vapour degreasing techniques that rely on methylene chloride enable metal parts in transportation systems to be cleaned quickly and safely.
By Sales Channel, the global methylene chloride market is segmented into direct and indirect sales channels. Direct held the highest market share in 2022 and is expected to keep its dominance during the forecast period. Many methylene chloride manufacturers prefer these channels owing to convenience and ease.
However, Direct selling is the selling of products in a non-retail setting, for example, at home, online, or other venues that are not a store.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 24.4 Billion |
| Projected Market Size in 2032 | USD 39.9 Billion |
| Market Size in 2022 | USD 23.4 Billion |
| CAGR Growth Rate | 5.08% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Application, End Use Industry, Sales Channel and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Methylene Chloride Market: Regional Analysis
By region, Methylene Chloride market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. Among all of these regions, Asia Pacific held the highest market share of 45.67% in 2022 and is expected to keep its dominance during the forecast period.
Rapidly expanding end use industries in China, India, Japan, ASEAN, South Korea and Australia are expected to propel the market growth in this region.
China dominated the Asia Pacific market in 2022 and is expected to keep its dominance during the forecast period owing to the availability of many methylene chloride manufacturers, well established supply chain, and rapidly expanding end use industries. India is expected to grow at a significant growth rate during the forecast period.
North America held the second largest market share in 2022 and is expected to keep its position during the forecast period. The U.S. and Canada are major contributors to the market growth in this region. For instance, according to the American Coatings Association, the paint and coatings industry in the U.S. was valued at USD 26 Bn and employs some 315,700 workers.
The presence of well-developed end use industries in the U.S. and Canada is expected to propel the market growth of Methylene Chloride during the forecast period.
Europe is expected to hold a significant market share during the forecast period. Major economies such as France, the U.K., Germany, Spain, and Russia are expected to create lucrative opportunities for the market during the forecast period owing to the availability of skilled workforce, well developed pharma, building and construction, and transportation sectors.
Methylene Chloride Market: Recent Developments
- In March 2021, Dow Chemical Company launched a new solvent methylene chloride under the brand name DOWCLENETM 1190 in the Indian market. It is used as a process solvent in many end use industries such as agrochemicals, coatings, cleaning, and automotive. Through these new product launches Dow Chemical company has strengthened its product portfolio and enhanced its market presence in Indian Market.
- In December 2021, KH Chemicals acquired MC Chemical China Ltd. Through this acquisition expanded KH Chemicals presence in China and strengthened its position in the methylene chloride market.
List of the prominent players in the Methylene Chloride Market:
- AkzoNobel N.V.
- Dow Chemical Company
- Eastman Chemical Company
- Ercros S.A.
- Gujarat Alkalies & Chemicals Ltd.
- Ineos Group
- KEM ONE
- LOTTE Fine chemical
- Occidental Petroleum Corporation
- Olin Corporation
- PPG industries Inc.
- Shin-Etsu Chemical Co. Ltd.
- Solvay S.A.
- Tokuyama Corporation
- MC Chemicals Ltd
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Methylene Chloride Market is segmented as follows:
By Application
- Paint Remover
- Solvent
- Pharmaceuticals
- Chemical Processing
- Foam Manufacturing
- Metal Cleaning
- Others
By End Use Industry
- Food & Beverage Industry
- Building & Construction Industry
- Pharmaceuticals Industry
- Transportation Industry
- Others
By Sales Channel
- Direct
- In Direct
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Methylene Chloride Market, (2024 – 2033) (USD Billion)
- 2.2 Global Methylene Chloride Market: snapshot
- Chapter 3. Global Methylene Chloride Market – Industry Analysis
- 3.1 Methylene Chloride Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing Usage of Methylene Chloride in Construction Industry
- 3.2.2 Increasing Usage of Methylene Chloride in Various End Use Industries
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Application
- 3.7.2 Market Attractiveness Analysis By End Use Industry
- 3.7.3 Market Attractiveness Analysis By Sales Channel
- Chapter 4. Global Methylene Chloride Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Methylene Chloride Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Methylene Chloride Market – Application Analysis
- 5.1 Global Methylene Chloride Market Overview: By Application
- 5.1.1 Global Methylene Chloride Market Share, By Application, 2022 and – 2033
- 5.2 Paint Remover
- 5.2.1 Global Methylene Chloride Market by Paint Remover, 2024 – 2033 (USD Billion)
- 5.3 Solvent
- 5.3.1 Global Methylene Chloride Market by Solvent, 2024 – 2033 (USD Billion)
- 5.4 Pharmaceuticals
- 5.4.1 Global Methylene Chloride Market by Pharmaceuticals, 2024 – 2033 (USD Billion)
- 5.5 Chemical Processing
- 5.5.1 Global Methylene Chloride Market by Chemical Processing, 2024 – 2033 (USD Billion)
- 5.6 Foam Manufacturing
- 5.6.1 Global Methylene Chloride Market by Foam Manufacturing, 2024 – 2033 (USD Billion)
- 5.7 Metal Cleaning
- 5.7.1 Global Methylene Chloride Market by Metal Cleaning, 2024 – 2033 (USD Billion)
- 5.8 Others
- 5.8.1 Global Methylene Chloride Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Methylene Chloride Market Overview: By Application
- Chapter 6. Global Methylene Chloride Market – End Use Industry Analysis
- 6.1 Global Methylene Chloride Market Overview: By End Use Industry
- 6.1.1 Global Methylene Chloride Market Share, By End Use Industry, 2022 and – 2033
- 6.2 Food & Beverage Industry
- 6.2.1 Global Methylene Chloride Market by Food & Beverage Industry, 2024 – 2033 (USD Billion)
- 6.3 Building & Construction Industry
- 6.3.1 Global Methylene Chloride Market by Building & Construction Industry, 2024 – 2033 (USD Billion)
- 6.4 Pharmaceuticals Industry
- 6.4.1 Global Methylene Chloride Market by Pharmaceuticals Industry, 2024 – 2033 (USD Billion)
- 6.5 Transportation Industry
- 6.5.1 Global Methylene Chloride Market by Transportation Industry, 2024 – 2033 (USD Billion)
- 6.6 Others
- 6.6.1 Global Methylene Chloride Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Methylene Chloride Market Overview: By End Use Industry
- Chapter 7. Global Methylene Chloride Market – Sales Channel Analysis
- 7.1 Global Methylene Chloride Market Overview: By Sales Channel
- 7.1.1 Global Methylene Chloride Market Share, By Sales Channel, 2022 and – 2033
- 7.2 Direct
- 7.2.1 Global Methylene Chloride Market by Direct, 2024 – 2033 (USD Billion)
- 7.3 In Direct
- 7.3.1 Global Methylene Chloride Market by In Direct, 2024 – 2033 (USD Billion)
- 7.1 Global Methylene Chloride Market Overview: By Sales Channel
- Chapter 8. Methylene Chloride Market – Regional Analysis
- 8.1 Global Methylene Chloride Market Regional Overview
- 8.2 Global Methylene Chloride Market Share, by Region, 2022 & – 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Methylene Chloride Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Methylene Chloride Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Methylene Chloride Market, 2024 – 2033 (USD Billion)
- 8.4 North America Methylene Chloride Market, by Application, 2024 – 2033
- 8.4.1 North America Methylene Chloride Market, by Application, 2024 – 2033 (USD Billion)
- 8.5 North America Methylene Chloride Market, by End Use Industry, 2024 – 2033
- 8.5.1 North America Methylene Chloride Market, by End Use Industry, 2024 – 2033 (USD Billion)
- 8.6 North America Methylene Chloride Market, by Sales Channel, 2024 – 2033
- 8.6.1 North America Methylene Chloride Market, by Sales Channel, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Methylene Chloride Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Methylene Chloride Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Methylene Chloride Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Methylene Chloride Market, by Application, 2024 – 2033
- 8.8.1 Europe Methylene Chloride Market, by Application, 2024 – 2033 (USD Billion)
- 8.9 Europe Methylene Chloride Market, by End Use Industry, 2024 – 2033
- 8.9.1 Europe Methylene Chloride Market, by End Use Industry, 2024 – 2033 (USD Billion)
- 8.10 Europe Methylene Chloride Market, by Sales Channel, 2024 – 2033
- 8.10.1 Europe Methylene Chloride Market, by Sales Channel, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Methylene Chloride Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Methylene Chloride Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Methylene Chloride Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Methylene Chloride Market, by Application, 2024 – 2033
- 8.12.1 Asia Pacific Methylene Chloride Market, by Application, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Methylene Chloride Market, by End Use Industry, 2024 – 2033
- 8.13.1 Asia Pacific Methylene Chloride Market, by End Use Industry, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Methylene Chloride Market, by Sales Channel, 2024 – 2033
- 8.14.1 Asia Pacific Methylene Chloride Market, by Sales Channel, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Methylene Chloride Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Methylene Chloride Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Methylene Chloride Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Methylene Chloride Market, by Application, 2024 – 2033
- 8.16.1 Latin America Methylene Chloride Market, by Application, 2024 – 2033 (USD Billion)
- 8.17 Latin America Methylene Chloride Market, by End Use Industry, 2024 – 2033
- 8.17.1 Latin America Methylene Chloride Market, by End Use Industry, 2024 – 2033 (USD Billion)
- 8.18 Latin America Methylene Chloride Market, by Sales Channel, 2024 – 2033
- 8.18.1 Latin America Methylene Chloride Market, by Sales Channel, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Methylene Chloride Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Methylene Chloride Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Methylene Chloride Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Methylene Chloride Market, by Application, 2024 – 2033
- 8.20.1 The Middle-East and Africa Methylene Chloride Market, by Application, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Methylene Chloride Market, by End Use Industry, 2024 – 2033
- 8.21.1 The Middle-East and Africa Methylene Chloride Market, by End Use Industry, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Methylene Chloride Market, by Sales Channel, 2024 – 2033
- 8.22.1 The Middle-East and Africa Methylene Chloride Market, by Sales Channel, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 AkzoNobel N.V.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Dow Chemical Company
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Eastman Chemical Company
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Ercros S.A.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Gujarat Alkalies & Chemicals Ltd.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Ineos Group
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 KEM ONE
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 LOTTE Fine chemical
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Occidental Petroleum Corporation
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Olin Corporation
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 PPG industries Inc.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Shin-Etsu Chemical Co. Ltd.
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Solvay S.A.
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Tokuyama Corporation
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 MC Chemicals Ltd
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Others.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.1 AkzoNobel N.V.
List Of Figures
Figures No 1 to 30
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
|
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
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Prominent Player
- AkzoNobel N.V.
- Dow Chemical Company
- Eastman Chemical Company
- Ercros S.A.
- Gujarat Alkalies & Chemicals Ltd.
- Ineos Group
- KEM ONE
- LOTTE Fine chemical
- Occidental Petroleum Corporation
- Olin Corporation
- PPG industries Inc.
- Shin-Etsu Chemical Co. Ltd.
- Solvay S.A.
- Tokuyama Corporation
- MC Chemicals Ltd
- Others
FAQs
The restraints of the Methylene Chloride market are stringent regulations and toxicity of methylene chloride.
The major driver for the Methylene Chloride market is growing usage of methylene chloride in paint and coatings applications.
The “Paint Remover” category dominated the market in 2022.
The key players in the market are AkzoNobel N.V., Dow Chemical Company, Eastman Chemical Company, Ercros S.A., Gujarat Alkalies & Chemicals Ltd., Ineos Group, KEM ONE, LOTTE Fine chemical, Occidental Petroleum Corporation, Olin Corporation, PPG industries Inc., Shin-Etsu Chemical Co. Ltd., Solvay S.A., Tokuyama Corporation, MC Chemicals Ltd, Others.
“Asia Pacific” had the largest share in the Methylene Chloride Market
The global market is projected to grow at a CAGR of 5.08% during the forecast period, 2023-2032
The Methylene Chloride Market size was valued at USD 24.4 Billion in 2023.
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