- Chloroform (CHCl3), also known as trichloromethane, is one of the popular solvents for organic compounds that does not dissolve well in water. Chloroform is used in industrial processes.
- It is colorless, volatile, and has strong smell. It is commonly used in laboratories as a solvent and extensively used in industries as an intermediate for the manufacture of refrigerants and fluorocarbons.
- Low levels of chloroform are found in the air and coastal waters, inland rivers, lakes, and groundwater
- Chloroform is generally produced by the action of bleaching powder on alcohol or acetone. In this process, the bleaching powder acts partially as an oxidizing agent and partially as a chlorinating agent. Chloroform is purified by washing and rectification and is also prepared from chlorination of methane.
Key Drivers and Restraints of Chloroform Market
- Pharmaceutical and medicine sectors have been expanding significantly of late due to the penetration of advanced technologies in the pharmaceutical sector. Chloroform offers superior properties. It is used in a wide range of applications in extraction of antibiotics, vitamins, and flavors, etc. Thus, the global chloroform market is expected to expand at a healthy pace during the forecast period.
- Increase in population has boosted the demand for food and agriculture products. This is expected to drive the demand for chloroform in the agrochemicals sector. Growth of the agrochemical industry is boosting the production of pesticide and insecticides. This, in turn, is augmenting the global chloroform market.
- Chloroform is believed to be toxic to the liver and kidneys and may cause liver cancer. Safety and environmental concerns are negatively affecting the chloroform market.
Chloroform Market: Application Segment
- Based on application, the chloroform market can be divided into reagent, solvent, intermediate, and others
- The solvent segment dominates the market. Solvent is used extensively in laboratories and as an intermediate in the manufacture of fluorocarbons and refrigerants.
- Chloroform is primarily used for the manufacture of Freon refrigerant R-22. The application of R-22 as refrigerants has been phased out in developed countries due to global warming, but it continues to be in high demand in developing countries owing to its easy availability and manufacturing.
Chloroform Market: End-user Segment
- Based on end-user, the chloroform market can be segmented into pharmaceuticals, agriculture, chemicals, food & beverages, and others
- Chloroform was used widely as an anesthetic but due to its carcinogenic effect the chemical was debarred and discontinued as an anesthetic in the health care sector. However, it is still used in the production of some pharmaceuticals and dental procedures.
COVID-19 Impact on Global Chloroform Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- The coronavirus pandemic and its resultant lockdown has adversely affected all major sectors of the economy, but it has proven beneficial for the pharmaceutical sector. Some part of the pharmaceutical business was affected such as supply chain and import of active pharmaceutical ingredients from China. However, in general, COVID-19 has provided opportunities to the pharmaceutical sector.
- The use of chloroform during the pandemic has shown positive outcomes due to its ability to disinfect. It is also used as solvent in many industries. Therefore, the market has been expanding.
Asia Pacific to Hold Leading Share of Global Chloroform Market
- In terms of region, the chloroform market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is expected to hold major share of the global chloroform market, followed by North America and Europe, during the forecast period
- According to India Brand Equity Foundation (IBEF), India was the seventh largest producer of chemicals in the world and third largest producer in Asia
- Extensive use of chloroform in chemicals and pharmaceutical industries is fueling the chloroform market, especially in Asia Pacific and the Middle East
- Product innovation and expansion in various geographies is a key strategy adopted by the major players in the chloroform market. In January 2016, Aditya Birla Chemicals Limited merged with Grasim Industries, which is one of the leading chloroalkali manufacturers in India, to increase the production capacity from 453K TPA to 804K TPA.
- Asia Pacific and North America are expected to be the high potential markets for chloroform manufacturers in the near future
Chemicals & Materials Industry battles Tangible Impact of Economic and Cultural changes, Stay Updated on the Latest Trends in Chemicals & Materials Market @ https://www.transparencymarketresearch.com/chemical-market-reports-2.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
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- Chloroform (CHCl3), also known as trichloromethane, is one of the popular solvents for organic compounds that does not dissolve well in water. Chloroform is used in industrial processes.
- It is colorless, volatile, and has strong smell. It is commonly used in laboratories as a solvent and extensively used in industries as an intermediate for the manufacture of refrigerants and fluorocarbons.
- Low levels of chloroform are found in the air and coastal waters, inland rivers, lakes, and groundwater
- Chloroform is generally produced by the action of bleaching powder on alcohol or acetone. In this process, the bleaching powder acts partially as an oxidizing agent and partially as a chlorinating agent. Chloroform is purified by washing and rectification and is also prepared from chlorination of methane.
Key Drivers and Restraints of Chloroform Market
- Pharmaceutical and medicine sectors have been expanding significantly of late due to the penetration of advanced technologies in the pharmaceutical sector. Chloroform offers superior properties. It is used in a wide range of applications in extraction of antibiotics, vitamins, and flavors, etc. Thus, the global chloroform market is expected to expand at a healthy pace during the forecast period.
- Increase in population has boosted the demand for food and agriculture products. This is expected to drive the demand for chloroform in the agrochemicals sector. Growth of the agrochemical industry is boosting the production of pesticide and insecticides. This, in turn, is augmenting the global chloroform market.
- Chloroform is believed to be toxic to the liver and kidneys and may cause liver cancer. Safety and environmental concerns are negatively affecting the chloroform market.
Chloroform Market: Application Segment
- Based on application, the chloroform market can be divided into reagent, solvent, intermediate, and others
- The solvent segment dominates the market. Solvent is used extensively in laboratories and as an intermediate in the manufacture of fluorocarbons and refrigerants.
- Chloroform is primarily used for the manufacture of Freon refrigerant R-22. The application of R-22 as refrigerants has been phased out in developed countries due to global warming, but it continues to be in high demand in developing countries owing to its easy availability and manufacturing.
Chloroform Market: End-user Segment
- Based on end-user, the chloroform market can be segmented into pharmaceuticals, agriculture, chemicals, food & beverages, and others
- Chloroform was used widely as an anesthetic but due to its carcinogenic effect the chemical was debarred and discontinued as an anesthetic in the health care sector. However, it is still used in the production of some pharmaceuticals and dental procedures.
COVID-19 Impact on Global Chloroform Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- The coronavirus pandemic and its resultant lockdown has adversely affected all major sectors of the economy, but it has proven beneficial for the pharmaceutical sector. Some part of the pharmaceutical business was affected such as supply chain and import of active pharmaceutical ingredients from China. However, in general, COVID-19 has provided opportunities to the pharmaceutical sector.
- The use of chloroform during the pandemic has shown positive outcomes due to its ability to disinfect. It is also used as solvent in many industries. Therefore, the market has been expanding.
Asia Pacific to Hold Leading Share of Global Chloroform Market
- In terms of region, the chloroform market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is expected to hold major share of the global chloroform market, followed by North America and Europe, during the forecast period
- According to India Brand Equity Foundation (IBEF), India was the seventh largest producer of chemicals in the world and third largest producer in Asia
- Extensive use of chloroform in chemicals and pharmaceutical industries is fueling the chloroform market, especially in Asia Pacific and the Middle East
- Product innovation and expansion in various geographies is a key strategy adopted by the major players in the chloroform market. In January 2016, Aditya Birla Chemicals Limited merged with Grasim Industries, which is one of the leading chloroalkali manufacturers in India, to increase the production capacity from 453K TPA to 804K TPA.
- Asia Pacific and North America are expected to be the high potential markets for chloroform manufacturers in the near future
Chemicals & Materials Industry battles Tangible Impact of Economic and Cultural changes, Stay Updated on the Latest Trends in Chemicals & Materials Market @ https://www.transparencymarketresearch.com/chemical-market-reports-2.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
