Global Chloroform Industry

Global Chloroform Industry

  • October 2022 •
  • 303 pages •
  • Report ID: 5818040 •
  • Format: PDF

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Global Chloroform Market to Reach $8.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Chloroform estimated at US$7 Billion in the year 2020, is projected to reach a revised size of US$8.2 Billion by 2027, growing at a CAGR of 2.3% over the analysis period 2020-2027. Technical, one of the segments analyzed in the report, is projected to record a 2.7% CAGR and reach US$3.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Alcohol Stabilized segment is readjusted to a revised 1.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 3.3% CAGR
The Chloroform market in the U.S. is estimated at US$2.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 3.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$576.2 Million by the year 2027.

Fluorocarbon Segment to Record 2.2% CAGR
In the global Fluorocarbon segment, USA, Canada, Japan, China and Europe will drive the 2.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 2.6% CAGR through the analysis period.

Select Competitors (Total 27 Featured)
Abcr GmbH Amadis Chemical Company Limited Arihant Chemicals BASF SE Dongying City Longxing Chemical Co., Ltd. Ineos Group Ltd. Kem One Khimprom Occidental Petroleum Corporation PRODUCTOS ADITIVOS, S.A. Shin-Etsu Chemical Co., Ltd. MilliporeSigma SRF Limited Tokyo Chemical Industry Co., Ltd.