NEW YORK, March 5, 2021 /PRNewswire/ -- The chloromethane market is expected to grow by USD 359.90 million during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the chloromethane market in optimistic, probable, and pessimistic forecast scenarios. Enterprises will go through the Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19
The chloromethane market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the next normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
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Major Three Chloromethane Market Participants:
AGC Inc. operates business through Glass, Electronics, Chemicals, and Ceramics/Other. The company offers Methylene chloride. It is a stable aliphatic saturated chlorinated hydrocarbon compound used for metal cleaning, printed circuit board cleaning, paint remover, adhesive solvents, urethane foam auxiliary blowing agents, and manufacturing solvents such as polycarbonate resin.
Gujarat Alkalies and Chemicals Ltd.
Gujarat Alkalies and Chemicals Ltd. operates the business through Chemical Manufacturing. The company offers methylene chloride, chloroform, and carbon tetrachloride.
KEM ONE operates business through Chlorine & Caustic Soda, Chloromethane, Emulsion PVC, and C-PVC. The company produces four types of chloromethanes such as methyl chloride, methylene chloride, chloroform, and carbon tetrachloride.
The chloromethane market is driven by the increasing demand for refrigeration and air-conditioning. In addition, other factors such as growing demand for silicones are expected to trigger the chloromethane market toward witnessing a CAGR of about 5% during the forecast period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.