Chloroform Market: Overview
Chloroform is a volatile, colorless, liquid with a sweet smell that is used as an anesthetic at the time of surgical operations by the medical sector. With time, chloroform found its uses in other industries such as resins, fats, oils, alkaloids, pesticide formulations, grain fumigant, fire extinguishers, and others. The increasing uses of chloroform in various end products ultimately propelled its demand, thereby augmenting the growth of the global market.
The global chloroform market is classified based on production technology, application, grade, end-user, and region. In terms of production technology, the market is bifurcated into chlorination of methyl chloride, and chlorination of methane. In terms of application, the market is grouped into syringes, catheters, dust filters, cable and wire insulation, piping inlet coating, joints, solvent, firefighting agent, fluorocarbon grade, and others. Based on categorization by grade, the market for chloroform is divided into reagent, technical, fluorocarbon, and alcohol stabilized grades respectively. As per segmentation by end-user, the market is trifurcated into pharmaceutical, construction, HVAC, automotive, refrigerants, fluoropolymers, and others.
The report on the global chloroform market is based on a thorough analysis of the market and offers a qualitative and quantitative analysis of the same. The report throws light on the table of segmentation and mentions the names of the segment holding the largest share. It also predicts which segment can emerge dominant during the forecast period and presents factors supporting their statements. Besides this, the report discusses the impact of the coronavirus pandemic on this market and what measures can be adopted to draw out revenues during this period. The report is available for sale on the company website.
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Chloroform Market: Company Profile
Players are keen on extensive research and development and are investing heavily on the same for more use of chloroform across end-user products. The overall nature of the chloroform market is highly competitive on account of the presence of multiple players. Besides this, some other players are focusing on joint ventures to collectively contribute to the overall revenue generation for this market.
Chloroform Market: Industry Developments
- Grasim Industries and Aditya Birla Chemicals Limited entered into a strategic collaboration in January 2016, to increase the production capacity of chloroform from 453K TPA to 804K TPA.
Chloroform Market: Drivers
The use of chloroform in various enterprises and the development in the drug area increment the interest for the items which goes about as the main considerations driving the chloroform market. The increasing demand for chloroform from the biotechnology sector for use as a reagent for DNA and RNA research exercises and the utilization of the item for the long protection of natural tissues in bio-labs as it keeps from rotting measure speed up the chloroform market development. The popularity in paper and development areas, use as a dissolvable for floor shines, fat, oil, elastic among others likewise impact the chloroform market. Moreover, its utilization as a warmth move medium in fire quenchers and usage in assembling of fluorocarbon-22 (F22) decidedly influence the chloroform market. Moreover, the development in the agrochemical area creating appeal for chloroform for the creation of pesticide and insect sprays stretch out beneficial freedoms to the chloroform market major parts in the coming years.
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Chloroform Market: Regional Insights
With respect to region, the market is drawing the highest shares from North America on account of the increasing number of pharmaceuticals and rise in the production of medicines in the developed nations such as the United States and Canada. Besides this, the market in the Asia Pacific is likely to witness significant growth and give equal competition to North America in the forecast period on account of the increasing expansion of companies into emerging nations of India, Japan, and China.
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