Global Chloroform Market Expected to Reach $9.7 Billion by 2030, With a Strong CAGR of 3.6%
Saturday, October 21, 2023
DUBLIN, Oct. 13, 2023 /PRNewswire/ -- The "Chloroform - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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The global market for Chloroform, valued at US$7.3 billion in 2022, is anticipated to experience consistent growth, reaching an estimated size of US$9.7 billion by 2030, with a compound annual growth rate (CAGR) of 3.6% during the analysis period of 2022-2030. The Technical segment is expected to lead this expansion with a projected CAGR of 4.2%.
Key Highlights from the Report:
1. Technical Segment on the Rise: The Technical segment is projected to
record a strong CAGR of 4.2%, reaching US$3.5 billion by the end of the
analysis period. This growth is attributed to the increasing applications
of chloroform in various industries.
2. Steady Growth in the Alcohol Stabilized Segment: The Alcohol Stabilized
segment is estimated to grow at a steady CAGR of 2.9% over the next eight
years. This segment continues to find its place in specific applications
within the market.
3. U.S. Market Estimated at $2.1 Billion: The Chloroform market in the
United States is estimated at US$2.1 billion in 2022, showcasing the
country's significant presence in the industry.
4. China's Prominent Growth: China, the world's second-largest economy, is
expected to grow at a CAGR of 4%, reaching a projected market size of
US$1.7 billion by 2030, driven by industrial expansion and increased
demand.
5. Global Competitive Landscape: The report features 59 key competitors in
the Chloroform market, including prominent companies such as BASF SE,
Ineos Group Ltd., and SRF Limited.
Economic Outlook:
The global economic outlook is showing signs of improvement, with recovery expected in the coming years. Despite challenges such as uncertainty related to the war in Ukraine and inflation concerns, governments are working to stabilize their economies. The rise of new technologies, including AI, machine learning, cloud computing, and renewables, is expected to drive significant incremental growth and value to global GDP.
What`s New?
-- Special discussions on the global economic climate and market sentiment
-- Coverage on global competitiveness and key competitor percentage market
shares
-- Market presence analysis across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and trademarked research platform
-- Complimentary updates for one year
-- Access to curated YouTube video transcripts of market sentiments shared
by CEOs, domain experts and market influencers via interviews, podcasts,
press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
-- Chloroform: Market Outlook
-- Global Economic Update
-- World Shifts to an Endemic COVID-19 Strategy With Focus on Multilateral
Approach to Managing Future Pandemics
-- Inflationary Pressures Impact Global Economy
-- Russia-Ukraine War Impact
-- World Economic Growth Projections (Real GDP, Annual % Change) for the
Years 2020, 2021, 2022 and 2023
-- Chemical Industry Confronts Challenging Times Amidst the COVID-19
Outbreak
-- Global Chloroform Price Trends in 2022
-- Chloroform US$ Price Index: Jan 2020-Oct-2022
-- Competition
-- Chloroform - Global Key Competitors Percentage Market Share in 2022 (E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2022 (E)
-- An Introduction to Chloroform
-- Historical Perspective
-- Production Technologies
-- Sources of Chloroform in the Hydrologic System
-- Key Applications of Chloroform
-- Banned Applications of Chloroform
-- Recent Market Activity
-- WORLD BRANDS
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
-- Chloroform Finds Wider Use as an Intermediate in Manufacture of
Fluorocarbons & Refrigerants
-- HCFC Phase Out Programs Impact Demand for Chloroform for Refrigerant
Manufacture
-- Sustained Demand for Chloroform as a Solvent Propels Market Prospects
-- Global Solvents Market by Product Segment (in %) for 2021
-- PTFE Polymers Production: A Prominent End-Use Market for Chloroform
-- Global Polytetrafluoroethylene (PTFE) Market (in US$ Million) for the
Years 2020, 2022, 2024 and 2026
-- Growing Demand for Agrochemicals Bodes Well for Market Growth
-- Rise in Demand for Chloroform from Biotechnology Sectors
-- Phenol-Chloroform Extraction: A Preferred Technique to Extract Nucleic
Acids
-- Methyl Chloroform Market: Growing Use as Industrial Solvent Boosts
Outlook
-- Firefighting Applications Sustain Demand for Chloroform
-- Novel Applications Aid Growth Prospects
-- The Rise and Fall of Use of Chloroform as an Anesthetic
-- Criminal Use of Chloroform Emerges as a Major Concern
-- Harmful Effects of Chloroform on Human Body and Environment: A Key
Market Challenge
-- Chloroform Poses New Threat to Ozone Recovery
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/qv5kec
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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