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Chloromethane Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24439
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Chloromethane Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Chloromethane | Chemical | USA | 409 USD/MT |
| Chloromethane | Chemical | China | 389 USD/MT |
The price of chloromethane in the United States for Q4 2023 reached 409 USD/MT in December. Whereas, price trend for chloromethane in China reached 389 USD/MT in December 2023.
Chloromethane Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Chloromethane Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of chloromethane pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of chloromethane at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of chloromethane price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing chloromethane price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Chloromethane Market Analysis
The global chloromethane market size reached US$ 4.1 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 6 Billion, at a projected CAGR of 4.50% during 2023-2032.
- One of the primary drivers of the global chloromethane market is its extensive use in the chemical manufacturing sector. According to the INTERNATIONAL TRADE ADMINISTRATION, (ITA) the chemical industry of India was valued at US$ 220 Billion and is expected to reach US$ 300 Billion by 2026, exhibiting a CAGR of 9-12% in 2026. This growth directly correlates with the increasing demand for chloromethane, as the chemical sector expands to meet the needs of various downstream industries. Chloromethane, also known as methyl chloride, is a key intermediate in the production of silicone polymers, agrochemicals, and pharmaceuticals. Its role as a versatile chemical building block makes it indispensable in various synthesis processes. For instance, in the production of silicone polymers, chloromethane reacts with silicon to form methylchlorosilanes, which are then hydrolyzed and polymerized to create silicone products. These silicones are widely used in industries ranging from automotive to construction due to their unique properties, such as thermal stability, flexibility, and water repellency. The demand of the chemical industry for chloromethane is bolstered by the growing global population and urbanization, particularly in developing economies, which further drive the need for pharmaceuticals and agricultural products.
- The expansion of the silicone industry significantly contributes to the rising demand for chloromethane. Silicones are used in numerous applications, including sealants, adhesives, lubricants, medical devices, and electrical insulators, due to their superior performance characteristics. The increasing use of silicone-based products in the automotive, healthcare, and electronics sectors is a critical factor driving the chloromethane market. For instance, the electronics industry benefits from silicones' excellent electrical insulation properties, making them ideal for use in components and circuits. According to the IMARC GROUP, the global silicone market has reached US$ 14.5 Billion in 2023, and is projected to reach US$ 22.7 Billion by 2032, exhibiting a CAGR of 4.9% during 2024-2032.This robust growth trajectory of the silicone industry directly drives the demand for chloromethane, a key raw material in silicone production.
- The application of chloromethane in the agrochemical sector is another significant factor driving its global market. It is used as a methylating agent in the production of various herbicides, insecticides, and fungicides. The rising global population and the consequent need to enhance agricultural productivity have led to an increased demand for agrochemicals. This, in turn, boosts the demand for chloromethane, as it is a critical precursor in synthesizing these chemical products. As farmers seek to maximize crop yields and minimize losses due to pests and diseases, the agrochemical industry continues to innovate and expand, relying on chloromethane as a vital component in their formulations. According to a report by the IMARC GROUP, the global agrochemicals market was valued at US$ 288.2 Billion in 2023, and is expected to reach US$ 390.0 Billion by 2032, exhibiting a CAGR of 3.3% during 2024-2032. This substantial growth in the agrochemicals market underscores the rising demand for chloromethane, essential in the synthesis of these agricultural chemicals.
Chloromethane News
The report covers the latest developments, updates, and trends impacting the global chloromethane market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in chloromethane production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the chloromethane price trend.
Latest developments in the chloromethane industry:
- On April 29, 2024, the Chinese government published a mandatory national standard setting energy consumption limits for caustic soda, PVC, and chloromethanes production. This standard, effective May 1, 2025, replaces previous standards for caustic soda and PVC and introduces limits for chloromethanes. It outlines grade-based energy consumption limits and related requirements for these products, aiming to improve energy efficiency and reduce environmental impact.
Product Description
Chloromethane, also known as methyl chloride, is a colorless, flammable gas with a faint, sweet odor, used predominantly in the chemical industry. It is an organochlorine compound with the chemical formula CH₃Cl and is produced naturally by marine algae and also through industrial processes. Chloromethane serves as a vital intermediate in the production of silicone polymers, where it reacts with silicon to create silicones, used in sealants, adhesives, lubricants, and medical implants due to their flexibility and durability. Additionally, it acts as a methylating agent in the manufacture of agrochemicals such as herbicides and insecticides, essential for enhancing agricultural productivity. Its applications extend to the pharmaceutical industry, where it is involved in the synthesis of various medications.
Regional Coverage
The report provides a detailed analysis of the chloromethane market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the chloromethane price trend.
Global Chloromethane Price
The report offers a holistic view of the global chloromethane pricing trends in the form of chloromethane price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of chloromethane but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed chloromethane demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Chloromethane Price
European chloromethane prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed chloromethane price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Chloromethane Price
The analysis of chloromethane prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific chloromethane historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada Greece, among other European countries. |
Middle East and Africa Chloromethane Price
The report explores the chloromethane pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on chloromethane prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Chloromethane Price
The chloromethane pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This chloromethane price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Chloromethane Price
The analysis of chloromethane prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Chloromethane |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Chloromethane Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of chloromethane pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting chloromethane price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The chloromethane price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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