염화메틸렌 시장 : 용도별, 최종 사용자별, 지역별(2024-2031년)

Methylene Chloride Market Valuation - 2024-2031

Methylene chloride, often known as dichloromethane (DCM) is in high demand due to its wide range of applications in numerous sectors. One of the key factors driving this demand is its usage as a solvent in pharmaceutical manufacturing. The capacity of methylene chloride to dissolve a wide spectrum of organic molecules makes it invaluable in medication and medical product manufacturing. Furthermore, the rise of the pharmaceutical industry driven by an increasing worldwide population and the increased frequency of chronic diseases has increased the demand for efficient solvents boosting methylene chloride production by enabling the market to surpass a revenue of USD 963.26 Million valued in 2024 and reach a valuation of around USD 1335.62 Million by 2031.

This expansion has been spurred by urbanization, industrialization, and increased investments in infrastructure. As a result, the demand for methylene chloride has increased in cycles with the growth of these industries. Furthermore, the compound's application in manufacturing foam-blowing agents for polyurethane foams widely employed in insulation and packaging increases market demand. Despite worries about its environmental and health effects, regulatory agencies have enforced strict limitations to reduce dangers assuring its ongoing use in a variety of industrial uses by enabling the market to grow at aCAGR of 4.60% from 2024 to 2031.

Methylene Chloride Market: Definition/ Overview

Methylene chloride, or dichloromethane (DCM) is a colorless, volatile liquid with a mildly pleasant scent. It is an organic solvent which means that it can dissolve other compounds and form solutions. Methylene chloride is widely utilized in a variety of industrial applications because of its ability to dissolve a wide range of materials. It is a halogenated hydrocarbon which means it has carbon, hydrogen, and chlorine atoms.

Methylene chloride often known as dichloromethane (DCM) has a wide range of applications due to its solvent characteristics. One of its key applications is in the manufacturing and paint industries where it acts as an excellent paint stripper and remover. Its ability to dissolve a diverse spectrum of chemicals makes it perfect for this use. When applied on a surface, methylene chloride penetrates the paint layers and breaks down the bonds making the paint easy to scrape off.

Advances in green chemistry and sustainable practices are anticipated to have an impact on methylene chloride's future use. As enterprises strive for more ecologically friendly solutions, there will be a determined attempt to replace methylene chloride with less harmful materials. Research into bio-based solvents and new chemical processes is expected to produce viable replacements that retain or even improve methylene chloride's performance features while lowering environmental and health consequences.

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Will the Increasing Use of Methylene Chloride in the Pharmaceutical Industry Drive the Methylene Chloride Market?

The increasing use of methylene chloride in the pharmaceutical industry is a major driver of the methylene chloride market. This solvent is essential for a variety of pharmaceutical operations including drug formulation, extraction, and reaction medium. According to a report from the United States Environmental Protection Agency (EPA), the pharmaceutical business consumes around 25% of methylene chloride in the United States. This widespread use is primarily owing to methylene chloride's ability to extract and purify active pharmaceutical ingredients (APIs).

The rise of generic medicine manufacture as well as the pharmaceutical industry's increased emphasis on research and development are significant drivers of the methylene chloride market. The World Health Organization (WHO) estimates that generics account for 80-90% of all medications marketed globally with manufacturing anticipated to increase when numerous blockbuster product patents expire. This trend is projected to enhance demand for methylene chloride which is widely used in generic medication manufacture. Furthermore, the National Institutes of Health (NIH) estimates a 3.5% yearly rise in global pharmaceutical R&D investment which will reach USD 181 Billion by 2022.

Will the Health Effects of Methylene Chloride Hamper the Methylene Chloride Market?

The health hazards of methylene chloride constitute considerable barriers to the market's expansion. The US National Institute for Occupational Safety and Health (NIOSH) classifies methylene chloride commonly known as dichloromethane as a possible occupational carcinogen. According to the Centers for Disease Control and Prevention (CDC), methylene chloride exposure can result in headaches, dizziness, nausea, and, in extreme cases, liver and kidney damage. According to the Occupational Safety and Health Administration (OSHA), at least 64 workers died between 1980 and 2018 as a result of methylene chloride exposure during bathtub refinishing operations. These health concerns have prompted increased regulatory scrutiny and limitations on its use in a variety of applications.

The Environmental Protection Agency (EPA) has taken initiatives to reduce the dangers connected with methylene chloride. In 2019, the EPA prohibited the retail sale of methylene chloride as a consumer paint and coating remover agent. This judgment was based on a risk assessment that determined that methylene chloride causes unreasonable hazards to human health under specific conditions of usage. The European Chemicals Agency (ECHA) has also designated methylene chloride as a chemical of very high concern (SVHC) due to its carcinogenic potential. These regulatory efforts and health concerns are likely to encourage industries to seek safer alternatives, thereby limiting market development for methylene chloride.

Category-Wise Acumens

Will Versatility and Cost-Effectiveness of Methylene Chloride Drive Growth in the Application Segment?

Methylene chloride is most commonly used in paint removers because of its excellent ability to dissolve and strip various coatings and paints. This compound's strong solvent qualities make it ideal for removing paint from surfaces such as wood, metal, and stone. Its ability to penetrate and break down numerous layers of paint in a short period while inflicting minimal damage to the underlying surface has solidified its position as the preferred solvent in the paint removal business.

Methylene chloride's flexibility and cost-effectiveness contribute to its dominant position in the paint remover market. It can be used in a variety of formulations such as gels, liquids, and sprays making it suitable for a wide range of application methods and surfaces. This versatility combined with its low cost compared to other solvents makes it a popular choice for both large-scale industrial applications and smaller, do-it-yourself projects. However, its continued dominance is threatened by governmental constraints designed to reduce health concerns. Because of its toxicity and probable carcinogenic consequences, the United States Environmental Protection Agency (EPA) and other regulatory organizations have put limitations and bans on the sale of methylene chloride-based paint strippers to consumers.

Will the Quality Standards and the Need for Precise Chemical Reactions Drive the End User Segment?

The pharmaceutical industry is the primary end user driven by its vital role as a solvent in the manufacture of numerous drugs. Because of its ability to dissolve a wide spectrum of organic molecules, methylene chloride is extremely useful in pharmaceutical manufacturing. It is used to extract and purify active pharmaceutical ingredients (APIs) which aids in the manufacturing of high-purity medications. This compound's volatility and low boiling point allow for fast recovery and recycling in manufacturing processes making it cost-effective for pharmaceutical businesses. Furthermore, the solvent qualities of methylene chloride are vital in the production of antibiotics, steroids, and vitamins all of which are in high demand around the world. The pharmaceutical industry's continuing growth is spurred by the increasing frequency of chronic diseases, aging populations, and the constant need for new and effective

The pharmaceutical industry's strict quality standards and the need for exact chemical reactions reinforce methylene chloride's supremacy. The compound's stability and compatibility with numerous chemical processes make it essential for reaching the required purity and potency in pharmaceuticals. Regulatory regulations, while tight, have not completely prevented its usage in pharmaceuticals due to a dearth of comparably effective alternatives. This regulatory balance enables pharmaceutical companies to continue using methylene chloride for efficient drug manufacture while following safety standards to reduce health hazards.

Country/Region-wise Acumens

Will Expansion of Construction Activities Drive the Market in the Asia Pacific Region?

The increase in construction activities in the Asia Pacific region is a major driver of the methylene chloride market. This trend is primarily driven by growing urbanization, population expansion, and increased infrastructural investment throughout the region. The construction sector's expansion in Asia Pacific is particularly remarkable with some countries seeing significant development. For example, the Asian Development Bank predicts that infrastructure investments in the region will total USD 1.7 Trillion each year between 2016 and 2030. China, a significant regional participant had its construction industry expand by 2.5% in 2020 despite the global pandemic, according to the National Bureau of Statistics of China.

GlobalData predicts that India's construction industry will develop at a CAGR of 7.1% between 2023 and 2026. These numbers highlight the rapid expansion of construction activity which drives the need for methylene chloride. The solvent is commonly utilized in construction applications such as paint removal, adhesives, and foam blowing for insulation materials. The Japan Paint Manufacturers Association estimated a 3.2% growth in paint and coating production in 2021 implying rising demand for associated chemicals such as methylene chloride. Additionally, the Australian Bureau of Statistics reported a 2.4% increase in construction work completed in the December quarter of 2021 indicating sustained expansion in the sector.

Will the Stringent Regulatory Framework and Environmental Policies Drive the Market in the North American Region?

The strict regulatory framework and environmental laws are pushing the methylene chloride market in North America with the United States leading the way. This is mostly due to an increased emphasis on worker safety and environmental preservation which has resulted in increasingly stringent laws governing the use of methylene chloride in a variety of industries.

The US Environmental Protection Agency (EPA) has been at the forefront of these regulatory initiatives. In 2019, the EPA prohibited the use of methylene chloride in consumer paint and coating remover solutions citing significant health concerns. According to the EPA, this prohibition is estimated to prevent more than 40 deaths from acute methylene chloride exposure each year.

Furthermore, the California Air Resources Board (CARB) has imposed higher volatile organic compound (VOC) regulations affecting the usage of methylene chloride in a variety of applications. As a result of these laws, the market has shifted to alternate solvents and technologies. According to the US Department of Labor, industries are progressively using safer replacements or altering procedures to decrease their exposure to methylene chloride. For example, the furniture stripping sector which was historically a significant user of methylene chloride has reduced its use by 70% since stronger controls were implemented. Furthermore, the National Institute for Occupational Safety and Health (NIOSH) reports a 35% decrease in methylene chloride-related occupational occurrences over the past decade illustrating the effectiveness of these regulatory measures in enhancing worker safety.

Competitive Landscape

The Methylene Chloride Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the methylene chloride market include:

AkzoNobel N.V.

Dow Chemical Company

Eastman Chemical Company

Ercros S.A.

Gujarat Alkalies & Chemicals Ltd.

Ineos Group

KEM ONE

LOTTE Fine chemical

Occidental Petroleum Corporation

Olin Corporation

PPG Industries, Inc.

Shin-Etsu Chemical Co. Ltd.

Solvay S.A.

Tokuyama Corporation

MC Chemicals Ltd

Others

Latest Developments

In July 2022, Eco Safety bought Soy Technologies to develop its biobased coatings and methylene chloride alternatives.

In December 2022, Ardena stated that its manufacturing capacity at the Pamplona location in Spain would be upgraded. The upgrades will allow the facility to manufacture utilizing a variety of organic solvents, such as dichloromethane (commonly known as methylene chloride) and chloroform, handle a wider range of moisture-sensitive compounds, and increase yields.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL METHYLENE CHLORIDE

• 1.1 Overview of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL METHYLENE CHLORIDE OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porters Five Force Model
• 4.4 Value Chain Analysis

5 GLOBAL METHYLENE CHLORIDE, BY APPLICATION

• 5.1 Overview
• 5.2 Paint Remover
• 5.3 Pharmaceuticals
• 5.4 Chemical Processing
• 5.5 Foam Manufacturing
• 5.6 Metal Cleaning
• 5.7 Others

6 GLOBAL METHYLENE CHLORIDE, BY GEOGRAPHY

• 6.1 Overview
• 6.2 North America
  • 6.2.1 U.S.
  • 6.2.2 Canada
  • 6.2.3 Mexico
• 6.3 Europe
  • 6.3.1 Germany
  • 6.3.2 U.K.
  • 6.3.3 France
  • 6.3.4 Rest of Europe
• 6.4 Asia Pacific
  • 6.4.1 China
  • 6.4.2 Japan
  • 6.4.3 India
  • 6.4.4 Rest of Asia Pacific
• 6.5 Rest of the World
  • 6.5.1 Latin America
  • 6.5.2 Middle East

7 GLOBAL METHYLENE CHLORIDE COMPETITIVE LANDSCAPE

• 7.1 Overview
• 7.2 Company Market Ranking
• 7.3 Key Development Strategies

8 COMPANY PROFILES

• 8.1 Shin-Etsu Chemical Co., Ltd.
  • 8.1.1 Overview
  • 8.1.2 Financial Performance
  • 8.1.3 Product Outlook
  • 8.1.4 Key Developments
• 8.2 Occidental Petroleum Corporation
  • 8.2.1 Overview
  • 8.2.2 Financial Performance
  • 8.2.3 Product Outlook
  • 8.2.4 Key Developments
• 8.3 Dow
  • 8.3.1 Overview
  • 8.3.2 Financial Performance
  • 8.3.3 Product Outlook
  • 8.3.4 Key Developments
• 8.4 AkzoNobel N.V.
  • 8.4.1 Overview
  • 8.4.2 Financial Performance
  • 8.4.3 Product Outlook
  • 8.4.4 Key Developments
• 8.5 Kem One
  • 8.5.1 Overview
  • 8.5.2 Financial Performance
  • 8.5.3 Product Outlook
  • 8.5.4 Key Developments
• 8.6 Olin Corporation
  • 8.6.1 Overview
  • 8.6.2 Financial Performance
  • 8.6.3 Product Outlook
  • 8.6.4 Key Developments
• 8.7 PPG industries, Inc.
  • 8.7.1 Overview
  • 8.7.2 Financial Performance
  • 8.7.3 Product Outlook
  • 8.7.4 Key Developments
• 8.8 LOTTE Fine chemical
  • 8.8.1 Overview
  • 8.8.2 Financial Performance
  • 8.8.3 Product Outlook
  • 8.8.4 Key Developments
• 8.9 Gujrat Alkalies and Chemicals Limited.
  • 8.9.1 Overview
  • 8.9.2 Financial Performance
  • 8.9.3 Product Outlook
  • 8.9.4 Key Developments
• 8.10 Eastman Chemical Company
  • 8.10.1 Overview
  • 8.10.2 Financial Performance
  • 8.10.3 Product Outlook
  • 8.10.4 Key Developments

9 Appendix

• 9.1 Related Research