Dublin, March 11, 2024 (GLOBE NEWSWIRE) -- The "LAMEA Chloromethane Market Size, Share & Industry Trends Analysis Report By End-use, By Product (Methylene Chloride, Methyl Chloride, Chloroform, Carbon Tetrachloride, and Others), By Country and Growth Forecast, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The latest market analysis report on the chloromethane industry thein Latin America, Middle East, and Africa region offers insightful data on the evolving market trends and the expected robust growth during the forecast period of 2023 to 2030. The comprehensive study encapsulates vital figures that highlight the market's dynamics, with a specific focus on the rapid advancement and expanding end-use applications in various sectors including pharmaceuticals, agrochemicals, automotive, and construction.
The report unfolds the market segmentation by product types, which includes methylene chloride, methyl chloride, chloroform, and carbon tetrachloride among others. It further dissects the market share and growth opportunities by end-use, examining areas such as paints & coatings, personal care products, textiles, plastics and rubber, with a special emphasis on the pharmaceutical and automotive sectors. These segments are witnessing significant development, primarily driven by the pressing need for advanced healthcare solutions and the growing automotive industry in the region, particularly in countries like Brazil and Saudi Arabia.
Exploring country-wise prospects, the report highlights the prominence of Brazil in the regional chloromethane market and anticipates its continued dominance through to 2030. Other notable geographies include Argentina, the UAE, and Saudi Arabia, all of which are forecasted to experience substantial growth over the prediction horizon.
Key findings of the report emphasize the future volume surge in the LAMEA chloromethane market, projecting a notable rise to 706.2 kilo tonnes by 2026. This significant increase illustrates the escalating demand across various industries, where chloromethane's role as a crucial intermediate for chemical products underpins its continued market penetration. The projected CAGR of 6.7% from 2023 to 2030 further cements the market's growth trajectory, underscoring the region's escalating developments and adoption of the compound.
Geographic and Sectoral Insights: A Closer Look at Market Dynamics
- The automotive sector's influence on market expansion, with prospects for vehicle sales and manufacturing to bolster the chloromethane market in the region.
- The strategic role of chloromethane in the pharmaceutical industry, where it serves as an essential component for drug synthesis.
- The construction and textile industries as key areas of application, potentially driving demand for chloromethane derivatives.
This niche market study, now available for review, delivers profound understandings into the LAMEA chloromethane market dynamics that stakeholder, industry specialists, and potential entrants can utilize in strategic decision-making. It outlines the comprehensive landscape of current market trends and the array of opportunities available in the fast-growing sectors, based on a thorough analysis of the region's economic and industrial trajectories.
The report's insights are expected to aid businesses and investors in identifying the lucrative avenues and strategic imperatives necessary to succeed in this evolving market climate. The compelling data presented reveals the intricate interplay of factors influencing the LAMEA Chloromethane Market, making it an invaluable resource for anyone tracking the industry's pulse or looking to participate in its growth story.
Key Topics Covered
Chapter 1: Market Scope & Methodology
- Provides a clear understanding of the market definition and objectives.
- Offers insights into the market scope, including segmentation by end-use, product, and country.
- Methodology for the research is outlined, ensuring transparency and reliability of data.
Chapter 2: Market at a Glance
- Presents key highlights of the market, giving a quick overview of significant aspects.
Chapter 3: Market Overview
- Introduction to the market, providing a comprehensive overview of the market composition and scenario.
- Analysis of key factors impacting the market, including drivers and restraints.
- Porter's Five Forces Analysis to assess the competitiveness and attractiveness of the market.
Chapter 4: LAMEA Chloromethane Market by End-use
- Detailed breakdown of the market by end-use sectors such as pharmaceuticals, agrochemicals, textiles, automotive, construction, paints & coatings, personal care products, plastics & rubber, and others.
Chapter 5: LAMEA Chloromethane Market by Product
- Analysis of the market based on different chloromethane products including methylene chloride, methyl chloride, chloroform, carbon tetrachloride, and others.
Chapter 6: LAMEA Chloromethane Market by Country
- Detailed country-wise analysis including Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA, providing insights into market dynamics specific to each region.
Companies Mentioned
- Asahi Kasei Corporation
- Tokuyama Corporation
- AGC Chemicals Pvt. Ltd
- Gujarat Alkalies and Chemicals Ltd
- Occidental Petroleum Cororation
- AkzoNobel N.V.
- Shin-Etsu Chemical Co. Ltd
- Solvay SA
- INEOS Group Holdings S.A.
- The Dow Chemical Company
For more information about this report visit https://www.researchandmarkets.com/r/t0x289
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