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Expert Market Research Explores the Top 5 Companies in the Global Chloromethane Market

Top 5 Companies in the Global Chloromethane Market

 

The major players in the global chloromethane market are AGC Inc., Akzonobel N.V., Shin-Etsu Chemical Co., Ltd, Gujarat Alkalies and Chemical Limited, Nouryon, and Tokyo Chemical Industry Co., Ltd., among others.

 

The global chloromethane market is expected to grow at a CAGR of 4% in the forecast period of 2022-2027.

Chloromethane, more commonly known as methyl chloride, is a part of a group of organic compounds called haloalkanes. The compound is produced by reacting sulphuric acid, sodium chloride, and methanol in a warm environment. It is used in the manufacture of butyl rubber, silicone polymers, etc.

The market for chloromethane is aided by the rising demand from the silicone industry. The silicone industry is one of the most booming industries. It is expected to continue the trend in the forecast period as well, which can be explained by the increase in attention towards personal care and medical industries. The rise in living standards, increasing middle-class population, and growing household incomes have further aided in the growth of the global chloromethane market.

 

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Region-wise, Asia Pacific has had the most significant impact on the sector; China acting as the vital area in the region. It also offers great potential for substantial growth in certain end-user industries like pharmaceuticals and automotives.

 

Top 5 Global Chloromethane Companies:

AGC Inc.

Established: 1907
Headquarters: Tokyo, Japan
Website: https://www.agc.com/en/

AGC Inc., previously known as Asahi Glass Co., Ltd., is a global glass manufacturing company and is the largest of its kind. The company also takes an interest in other fields, such as electronics, chemicals, ceramics, etc. The company recorded 1413.2 billion yen in sales as of 2020 while employing about 56,000 people. Their business has expanded to nearly 30 countries and regions, such as Japan, India, North and South America, and Europe.

 

AkzoNobel N.V.

Established: 1994
Headquarters: Amsterdam, Netherlands
Website: https://www.akzonobel.com/

Alznobel is one of the leading players in the market, having its business expanded in various industries, such as decorative paints, automotive and speciality coatings, and powder coatings. The company is involved in manufacturing products to colour and protects different kinds of building along with delivering cutting-edge coating solutions to various industries such as, aerospace coatings, automotive OEM coatings, consumer electronics, and many more.

 

Shin-Etsu Chemical Co., Ltd

Established: 1926
Headquarters: Tokyo, Japan
Website: https://www.shinetsu.co.jp/en/

The company has divided its business into various domains such as polyvinyl chloride resins, silicones, semiconductor silicon, speciality chemicals, electronics and functional materials, processing, trading, and specialised services. Shin-Etsu is Japan’s largest silicone manufacturer, responsible for providing more than 5000 varieties of silicone products to be used in several industries.

 

Gujarat Alkalies and Chemical Limited

Established: 1973
Headquarters: Vadodara, Gujarat, India
Website: https://www.gacl.com/

One of the most formidable players in the industry, GACL is also one of the largest manufacturers of caustic soda in India, with a production capacity of 1087 TPD. GACL is engaged in the production of industrial chemical products, manufacturing a wide range of products for various industries, such as caustic soda, special chlorine derivatives, sodium chlorate, caustic potash, chloromethane, phosphoric, hydrogen peroxide, and lastly, water treatment groups.

 

Nouryon

Established: 2018
Headquarters: Amsterdam, Netherlands
Website: https://www.nouryon.com/

The company is involved in the manufacture of various products, like bleaching and oxidising chemicals, polymer production and processing chemicals, speciality chemicals, surfactants and chelating agents, specialty chemicals and intermediates. The company is one of the largest suppliers of bleaching and oxidizing chemicals, which are advantageous to various industries.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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