Chloroform Prices Overview

Market Overview

Quarterly Update on Global Chloroform Market 
 
For the Quarter Ending September 2020
 
Asia 
 
Chloroform supply across Asia lengthened by the end of the Q3 as Chinese inventories took a higher side by the end of Q2, thereby affecting the producers to manage the production levels. Price discussions of Chloroform in Northeast Asia gradually picked up after observing prolonged stagnancy in the past few months. Supply seemed to cope with the market expectations across Asia. Sources mentioned that firming feedstock costs were supporting the price hikes and the trend would be traced by other producers in the coming months. Aligning with the regional trend, CFR India chloroform prices were assessed around USD 385 per ton levels in end-September. 

Europe
 
 
Chloroform supply gained the lost uptrend in Q3 2020. Production margins improved as KEM ONE’s Methylene Chloride plant at Lavera, France restarted after maintenance turnaround in Q2. Demand for Chloroform as a solvent from the pharmaceutical industries took a bullish trend. Players remained anxious after the lockdowns in some European countries extended amid fears of second coronavirus wave. 

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Methodology

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.

About

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.