PUNE, India, September 22, 2015 /PRNewswire/ --
The report "Methylene Chloride Market by Application (Paint Remover, Pharmaceuticals, Chemical Processing, Foam Manufacturing, Metal Cleaning, & Others), and Geography (North America, Europe, Asia-Pacific, & Row) - Global Forecast to 2020" published by MarketsandMarkets, The global Methylene Chloride Market is worth USD 708.0 Million in 2015 and is estimated to reach USD 892.9 Million by 2020, at a CAGR of 4.75% between 2015 and 2020.
Browse 46 Tables and 28 Figures spread through 136 Pages and in-depth TOC on "Methylene Chloride Market"
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The market report report analyzes the global methylene chloride market with respect to its drivers, opportunities, and trends in different regions.
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The drivers identified for the methylene chloride demand are growing demand from Asia-pacific region which is supported by improved growth in industrial manufacturing, local production, and increasing population in the region; higher growth in the end user industries such as pharmaceutical, feedstock for production of HFC-32 refrigerant, increasing consumption for fluorocarbons, and chemical processing also driving methylene chloride market.
The global methylene chloride market is significantly penetrating in their end-use industries. Methylene chloride possesses different characteristics as per their manufacturing and application requirement in end products. The Asia-Pacific region is expected to dominate the global market with its growing demand for methylene chloride in different application segments, especially in pharmaceutical, foam manufacturing, and chemical processing.
R&D will be a key part of the methylene chloride market, as newer applications can be a vital driver of the overall market. The manufacturing companies, associations, and end-product manufacturers need to infuse high investments for future advancements and technology modifications of methylene chloride to match the new demands coming from various end-user industries.
The key players in the global Methylene Chloride Market are Dow Chemical (U.S.), AkzoNobel N.V. (Netherlands), Ineos (Switzerland), Solvay S.A. (Belgium), Kem One (France), Shin-Etsu (Japan), and Gujarat Alkalies & Chemicals Ltd. (India).
The methylene chloride market size, in terms of value and volume, depicts the current and future projections according to the parallel economic and industry outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions the leading global companies.
The global methylene chloride market is worth USD 708.0 Million in 2015 and is estimated to reach USD 892.9 Million by 2020, at a CAGR of 4.75% between 2015 and 2020. The high demand across the industries, such as chemical processing, secondary blowing agent, pharmaceuticals, and others will increase the demand for methylene chloride.
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