The Global Methylene Chloride Market Growth Accelerated By Rise In Demand From Paints And Coatings Industry

METHYLENE CHLORIDE MARKET
Methylene Chloride Market 

The methylene chloride or dichloromethane is a volatile organic compound widely used as a solvent in paint strippers, adhesives, and aerosol sprays. It provides excellent dissolving power for greases, oils, waxes, and resins while allowing quick drying times.

The global Methylene Chloride Market is estimated to be valued at US$ 1.44 Bn in 2024 and is expected to exhibit a CAGR Of 10% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The demand for methylene chloride from paints and coatings industry has been rising significantly over the past few years. Methylene chloride finds extensive application in paint strippers and thinners owing to its excellent grease and wax dissolving properties. It helps quick and effective removal of old paints and allows for fast repainting. The growth of construction and automotive industries globally has augmented the demand for paints and coatings which in turn has been driving the methylene chloride market. The market is expected to continue witnessing high growth driven by rising construction activities and automotive production worldwide during the forecast period.


Segment Analysis


The methylene chloride market is segmented by end use and region. Based on end use, the paints and coatings sub segment dominates the market. Methylene chloride is widely used as a paint strippers and removers in the paints and coatings industry. It has excellent solvency power to easily remove old paints from surfaces without affecting the surface. This provides an efficient and cost effective solution for paint stripping applications in the industry.

Key Takeaways


The Global Methylene Chloride Market Demand is expected to witness high growth over the forecast period of 2024 to 2031. The global Methylene Chloride Market is estimated to be valued at US$ 1.44 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024-2031.

Regional analysis shows North America currently accounting for over 30% of the global methylene chloride market share. Stringent environmental regulations regarding the use of toxic organic compound solvents in the US and Canada is driving increased substitution of methylene chloride with alternative solvents in paint stripping and other industrial applications. However, established end use industries such as pharmaceuticals continue to drive the demand for methylene chloride in the region.

Key players operating in the methylene chloride market are Dow Chemical, AkzoNobel, Shin-Etsu Chemical Co. Ltd., Occidental Petroleum Corporation, Gujarat Alkalies and Chemicals Ltd., KLJ Group, Solvay, Eastman Chemical Company, LOTTE Fine Chemical, Sinopec. Dow Chemical is currently the global market leader in methylene chloride. The company has a robust product portfolio and supply chain globally to cater to the growing demand from industries.

Tags  : Methylene Chloride Market, Methylene Chloride Market Size, Methylene Chloride Market Growth, Methylene Chloride Market Trends, Bulk Chemicals

Get more insights on this topic :The Global Methylene Chloride Market Growth Accelerated By Rise In Demand From Paints And Coatings Industry


The methylene chloride or dichloromethane is a volatile organic compound widely used as a solvent in paint strippers, adhesives, and aerosol sprays. It provides excellent dissolving power for greases, oils, waxes, and resins while allowing quick drying times.

The global Methylene Chloride Market is estimated to be valued at US$ 1.44 Bn in 2024 and is expected to exhibit a CAGR Of 10% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The demand for methylene chloride from paints and coatings industry has been rising significantly over the past few years. Methylene chloride finds extensive application in paint strippers and thinners owing to its excellent grease and wax dissolving properties. It helps quick and effective removal of old paints and allows for fast repainting. The growth of construction and automotive industries globally has augmented the demand for paints and coatings which in turn has been driving the methylene chloride market. The market is expected to continue witnessing high growth driven by rising construction activities and automotive production worldwide during the forecast period.


Segment Analysis


The methylene chloride market is segmented by end use and region. Based on end use, the paints and coatings sub segment dominates the market. Methylene chloride is widely used as a paint strippers and removers in the paints and coatings industry. It has excellent solvency power to easily remove old paints from surfaces without affecting the surface. This provides an efficient and cost effective solution for paint stripping applications in the industry.

Key Takeaways


The Global Methylene Chloride Market Demand is expected to witness high growth over the forecast period of 2024 to 2031. The global Methylene Chloride Market is estimated to be valued at US$ 1.44 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024-2031.

Regional analysis shows North America currently accounting for over 30% of the global methylene chloride market share. Stringent environmental regulations regarding the use of toxic organic compound solvents in the US and Canada is driving increased substitution of methylene chloride with alternative solvents in paint stripping and other industrial applications. However, established end use industries such as pharmaceuticals continue to drive the demand for methylene chloride in the region.

Key players operating in the methylene chloride market are Dow Chemical, AkzoNobel, Shin-Etsu Chemical Co. Ltd., Occidental Petroleum Corporation, Gujarat Alkalies and Chemicals Ltd., KLJ Group, Solvay, Eastman Chemical Company, LOTTE Fine Chemical, Sinopec. Dow Chemical is currently the global market leader in methylene chloride. The company has a robust product portfolio and supply chain globally to cater to the growing demand from industries.

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https://www.insightprobing.com/the-growing-construction-industry-is-driving-the-methylene-chloride-market/

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