Chloroform (CHCL3), also known as trichloromethane, is a colorless,
non-flammable liquid, possessing vapor weight more than air. Chloroform possesses a sweet, ether like odor and is insoluble in water. Chloroform is mainly used to produce hydrochlorofluorocarbon-22 (HCFC-22) and Polytetrafluoroethylene (PTFE) polymers. Increasing demand for HCFC’s for use in refrigerants and skyrocketing demand for fluoropolymers in the transportation, electrical & electronics, medical, food processing etc. sectors will facilitate the growth of the global Chloroform market in the forecast period. In addition to its versatile industrial uses, Chloroform is also consumed as a solvent in pharma industries and as an anesthetic in medicinal procedures to relax from pain. Chloroform is commonly manufactured by the reaction of Methyl Chloride in the presence of chlorine and is produced as a coproduct with methylene chloride. Chloroform was initially produced by the chlorination of methane, producing hydrogen chloride as the by-product, thereby posing a major challenge among the producers. To resolve this issue, several companies across the globe have started conducting absorption of the released acid over chloromethanes and methyl chloride.
ChemAnalyst gathers information through primary research surveys conducted with various Chloroform manufacturers, spread across the domestic and international markets, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of the company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Chloroform market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Chloroform market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.
Finally, region-specific markets for Chloroform are analyzed and region-wise demand pattern is tracked.
Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Chloroform is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.
Basic details and information on financial performance of leading global players in the Chloroform market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
NEWS & DEALS
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.