Chloroform Market Size is Expected To Grow at a CAGR 2.6% by 2030 | BASF SE, Arihant Chemicals, Solvay
Reports and Data estimates the global Chloroform competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2030 as the forecast period. The report offers CAGR and market size for the global Chloroform during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include BASF SE, Arihant Chemicals, Solvay, Dongying City Longxing Chemical Co., Ltd., TCI – Tokyo Chemical Industry, Shin-Etsu Chemical Co., Ltd., PRODUCTOS ADITIVOS, S.A., INEOS, Dow and Tokuyama Corporation.
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Chloroform Overview :-
The global chloroform market size was USD 7.10 Billion in 2021 and is expected to register a revenue CAGR of 2.6% during the forecast period. Increasing number of research activities on biotechnology, Deoxyribonucleic Acid (DNA) and Ribonucleic Acid (RNA), rising demand for chloroform for use in agricultural products, and wide range of applications as a solvent in various products are some of the major factors driving market revenue growth.
Rising awareness regarding benefits of using chloroform as a solvent for oils, fats, waxes, rubber, resins, greases, lacquers, gums, adhesives, and floor polishes is increasing adoption of the product in different industries such as HVAC, automotive, refrigerants industry, and others. Use of chloroform for producing refrigerants such as fluorocarbon-22, Chlorofluorocarbon (CFC)-22, plastic products such as vinyl chloride, and for manufacturing various chemicals is expected to drive market revenue growth. Chloroform is being widely used as an anesthetic component in the pharmaceutical sector. Concentration of chloroform at a range of 1500 to 3000 Parts Per Million (PPM) is useful for anesthesia, and any lower concentration than <1500 ppm can cause tiredness, dizziness, and headache among individuals.
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For the purpose of this report Reports and Data has segmented global Chloroform market on the basis of type, application, and region:
By Grade Outlook
- Alcohol Stabilized Grade
- Fluorocarbon Grade
- Technical Grade
By Application Outlook
By End-use Outlook
- Chemical Industry
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Chloroform during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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