Market Overview:
The global trichloromethane market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for trichloromethane in various applications such as anesthetic and chemical industry. Trichloromethane is also used as a feedstock for manufacturing other chemicals, which is further propelling the growth of this market. However, stringent environmental regulations on VOCs are restraining the growth of this market to some extent.
Product Definition:
Trichloromethane is a colorless, non-flammable liquid with a sweet odor. It is used as an industrial solvent and in the manufacture of other chemicals.
Fluorocarbon Grade:
Fluorocarbon or chlorocarbon is a chemical compound of the carbon family. It has six halogen and one hydrogen atom. Fluorocarbons are non-flammable, colorless, odorless, tasteless compounds that easily dissolve in water and alcohol. They show strong resistance to high temperature and pressure which makes them ideal for industrial applications such as refrigerants but also hazardous to human health if inhaled directly (as in case of spray).
Alcohol Stabilized Grade:
Alcohol stabilized grade is a product that contains stabilizing agents such as ethanol, sodium methanearsonate and/or calcium carbonate. It helps in preventing the reaction of chloromethanes with oxygen which results in less production of formaldehyde and more production of trichloromethane.
Application Insights:
The anesthetic application segment dominated the global market in 2017. The chemical is used as a general anesthetic and for surgical procedures where there is a high risk of physical pain after regaining consciousness, such as dentistry and gynecology. It has low toxicity and does not cause brain damage or death even in large doses. This makes it suitable for use during surgeries, which will drive the product demand over the forecast period.
Chemical industry was one of the prominent applications that accounted for more than 25% of total volume in 2017 owing to increasing utilization across several industries including pharmaceuticals, paints & coatings, rubber manufacturing etc., However; due to environmental concerns regarding its disposal from production facilities along with other toxic chemicals generated during its production process; this segment is expected to witness sluggish growth over the forecast period followed by personal care products at a CAGR of XX%.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for over 45% of the global revenue. The region is expected to witness a significant growth owing to increasing demand from end-use industries such as paints, coatings, plastics and anesthetics. China is projected to be one of the major producers as well as consumers in this region due to presence of numerous chemical manufacturers coupled with cheap labor cost.
North America emerged as second-largest consumer followed by Europe owing to high production volume along with growing applications scope in chemical industry for handling various toxic chemicals in a safer manner. In addition, rising awareness regarding occupational hazards among employees coupled with stringent government regulations are likely boost Trichloromethane (TCM) consumption across these regions over the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as pharmaceuticals, agrochemicals, and solvents
- Rising awareness about the benefits of using trichloromethane in various applications
- Growing investments in research and development for new applications of trichloromethane
- Technological advancements that have led to the development of more efficient and environment-friendly production processes
- Stringent environmental regulations that promote the use of trichloromethane as a green solvent
Scope Of The Report
Report Attributes
Report Details
Report Title
Trichloromethane Market Research Report
By Type
Fluorocarbon Grade, Alcohol Stabilized Grade, Technical Grade
By Application
Anesthetic, Chemical Industry
By Companies
Akzonobel, Asahi Glass, Tokuyama Corporation, Shin-Etsu Chemical, Kem One, Occidental Petroleum Corporation, Gujarat Alkalies and Chemicals, SRF, Consolidated Chemical Company, Lee & Man Chemical Company, Akzonobel, Dongying City Longxing Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Trichloromethane Market Report Segments:
The global Trichloromethane market is segmented on the basis of:
Types
Fluorocarbon Grade, Alcohol Stabilized Grade, Technical Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Anesthetic, Chemical Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Akzonobel
- Asahi Glass
- Tokuyama Corporation
- Shin-Etsu Chemical
- Kem One
- Occidental Petroleum Corporation
- Gujarat Alkalies and Chemicals
- SRF
- Consolidated Chemical Company
- Lee & Man Chemical Company
- Akzonobel
- Dongying City Longxing Chemical
Highlights of The Trichloromethane Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fluorocarbon Grade
- Alcohol Stabilized Grade
- Technical Grade
- By Application:
- Anesthetic
- Chemical Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Trichloromethane Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Trichloromethane is a chlorinated hydrocarbon that is used as an industrial solvent and refrigerant. It can be found in many household products, such as paint strippers, aerosols, and cleaning supplies. Trichloromethane can also be released into the environment from chemical plants or during the manufacturing of other chemicals.
Some of the major players in the trichloromethane market are Akzonobel, Asahi Glass, Tokuyama Corporation, Shin-Etsu Chemical, Kem One, Occidental Petroleum Corporation, Gujarat Alkalies and Chemicals, SRF, Consolidated Chemical Company, Lee & Man Chemical Company, Akzonobel, Dongying City Longxing Chemical.
The trichloromethane market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Trichloromethane Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Trichloromethane Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Trichloromethane Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Trichloromethane Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Trichloromethane Market Size & Forecast, 2020-2028
4.5.1 Trichloromethane Market Size and Y-o-Y Growth
4.5.2 Trichloromethane Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fluorocarbon Grade
5.2.2 Alcohol Stabilized Grade
5.2.3 Technical Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Anesthetic
6.2.2 Chemical Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Trichloromethane Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Trichloromethane Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fluorocarbon Grade
9.6.2 Alcohol Stabilized Grade
9.6.3 Technical Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Anesthetic
9.10.2 Chemical Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fluorocarbon Grade
10.6.2 Alcohol Stabilized Grade
10.6.3 Technical Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Anesthetic
10.10.2 Chemical Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fluorocarbon Grade
11.6.2 Alcohol Stabilized Grade
11.6.3 Technical Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Anesthetic
11.10.2 Chemical Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fluorocarbon Grade
12.6.2 Alcohol Stabilized Grade
12.6.3 Technical Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Anesthetic
12.10.2 Chemical Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fluorocarbon Grade
13.6.2 Alcohol Stabilized Grade
13.6.3 Technical Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Anesthetic
13.10.2 Chemical Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Trichloromethane Market: Competitive Dashboard
14.2 Global Trichloromethane Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Akzonobel
14.3.2 Asahi Glass
14.3.3 Tokuyama Corporation
14.3.4 Shin-Etsu Chemical
14.3.5 Kem One
14.3.6 Occidental Petroleum Corporation
14.3.7 Gujarat Alkalies and Chemicals
14.3.8 SRF
14.3.9 Consolidated Chemical Company
14.3.10 Lee & Man Chemical Company
14.3.11 Akzonobel
14.3.12 Dongying City Longxing Chemical
