Chloroform Market Size, Growth Analysis Report, Forecast to 2019-2029

 

Chloroform is one of the most extensively used solvent for organic compounds, and is identified as a trichloromethane and is insoluble in water. In term of physical properties, chloroform is colorless, volatile and has a strong and pleasant odor. Chloroform is used as a reagent or solvent in laboratories and extensively used as an intermediate for the manufacturing of fluorocarbons and refrigerants.

Chloroform was used widely as an anesthetic but due to its carcinogenic effect the chemical was debarred and discontinued as an anesthetic in most healthcare sectors but is still used for production of some pharmaceuticals and in some dental procedures. However, chloroform is used for long preservation of organic tissues in bio-labs, such as different specimens, as it prevents them from decaying. It is also used as in fire extinguishers as a heat transfer medium where it brings down the freezing temperature of carbon-tetrachloride. Direct exposure to chloroform through breathing, drinking, eating or touching is harmful and can lead to damaged liver, kidney, brain, heart and bone marrow. Chloroform exposure include respiratory depression, pneumonitis and pulmonary edema.

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Chloroform also find application in construction and paper manufacturing purposes. It is also used as a pesticide and in film production, is used as solvent for lacquers, floor polishes, fats, oils, rubber, and among others. Chloroform is used in manufacturing of Fluorocarbon-22 (F22), a refrigerant which is used in a heat pump in multiple mechanical-chemical process.

Global Chloroform Market: Dynamics

Global Chloroform Market: Driver

Nowadays, pharmaceutical and medicine sector has witnessed significant growth owing to the penetration of advanced technologies in the pharmaceutical sector. Further, chloroform has superior properties, it finds wide range of applications in extraction of antibiotics, vitamins, and flavors, etc. Attributing to these factors, the global chloroform market is expected to grow with a healthy growth rate over the forecast period.

Increasing population has resulted in the high demand for food and agriculture products which is expected to drive chloroform demand from the agrochemicals sector rapidly. Growing agrochemical industry leads the production of pesticide and insecticides, which in turn to drive the global chloroform market by end of forecast period.

Global Chloroform Market: Restraints

The government have regulated the usage of chloroform owing to its negative impact on environment, such as, ozone depleting effects. This factor is estimated to hamper the growth of global chloroform market. Chloroform is classified as a very toxic compound and it is banned in various countries due to its hazardous properties.

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Chloroform is listed under the various regulations such as Environmental Protection Agency (EPA) such as Clean Air Act, Clean Water Act and others. Thus, increased stringent environmental regulations on the chloroform, projected to hinder the market growth

Global Chloroform Market: Key participants

Chloroform Market Participants are: Productos Aditivos, BASF SE, Solvay S.A, Dow Chemical Company, Arihant Chemicals, Ineos, Tokuyama Corporation, Shin-Etsu Chemical Corporation, and Akzonobel among others.

The Chloroform Market report covers exhaustive analysis on,

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand Scenario
  • Current Trends/Issues/Challenges in Chloroform market
  • Competition & Companies involved in Chloroform market
  • Technology used in Chloroform Market
  • Value Chain

The Chloroform Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. Global Chloroform Market: SegmentationGlobal Market of Chloroform can be segmented by: Grade

  • Technical Grade
  • Alcohol Stabilized Grade
  • Fluorocarbon Grade

Global Market of Chloroform can be segmented by: Application

  • Solvent
  • Intermediates
  • Reagent
  • Other (Dyes, Disinfectant)

Global Market of Chloroform can be segmented by: End Use

  • Pharmaceutical
  • Agrochemical
  • Chemical Industry
  • Other( Paper)

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