H1 2023: In H1 2023, the price of Methylene Dichloride (MDC) declined in the Asia Pacific region. The MDC market was in poor conditions in H1 2023, with little demand and more stockpiles. The sluggish price trend for the Methylene Dichloride market was encouraged by the drop in the feedstock Methanol prices in Asia. Because of the weak product supply and hazy market, the downstream refrigerant R32's demand for MDC decreased. Slow market offtakes in the local market resulted in a drop in MDC spot prices. MDC exports from China to the Asian countries fell. Prices continue to decline in China in response to slow economy due to inefficient utilization of stockpiles and a limited supply of feedstock. There are still restrictions on China's exports of methylene dichloride to the Asian market. The slow demand for methylene dichloride from the downstream solvent and adhesive industries as well as product bearish trading contributed to the decline in cost dynamics. The fundamentals of the upstream methanol market declined in China. The demand for methylene dichloride in the downstream solvent and adhesive market was influenced by weak buying and trading activity as well as ample of supplies to meet the needs of the buyers in Asia.
The global Methylene Dichloride (MDC) market stood at approximately 1900 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.56% during the forecast period until 2032.
Methylene Dichloride is a colourless, volatile liquid with a somewhat pleasant smell. It is extensively utilized in a variety of end-use industries, such as the automotive, building, pharmaceutical, and chemical processing sectors, as a solvent, paint remover, degreaser, aerosol propellant, and foaming agent. Methylene chloride finds application in several industrial processes such as paint peeling, pharmaceutical production, paint remover, and metal cleaning and degreasing. Methylene dichloride paint removers are capable of removing many kinds of coatings from a range of surfaces. Paint strippers with methylene chloride concentrations ranging from 10% to 90%. Methylene chloride is also used to decaffeinate tea and coffee in the food & beverage sector. Due to its volatility, it is used in the pharmaceutical industry, as an aerosol spray propellant, and as a blowing agent for polyurethane foams.
Paint stripper is the most common use of methylene dichloride. Therefore, it is projected that the market for methylene chloride will grow during the forecast period in response to a rise in the demand for paints and coatings. The construction and automobile industries' increasing demand for solvents, the ease of access to methylene dichloride is likely to foster market growth. Also, the growing use of methylene chloride as an extraction solvent in the food and beverage manufacturing sector is another contributing factor. Many insecticides and pesticides are manufactured using methylene dichloride as a solvent. As the world's population grows, so does the need for agrochemicals to boost agricultural output. In turn, this is anticipated to fuel the agrochemical industry's need for methylene dichloride during the next years. Owing to these reasons, the global Methylene Dichloride market is likely to reach approximately 3000 thousand tonnes in 2032.
In terms of consumption, the Asia Pacific region leads the global Methylene Dichloride market. Throughout the projection period, the Asia-Pacific region is anticipated to hold the biggest market share for methylene chloride. The need for paints and coatings is rising in the area. A sizeable portion of paint and coating use comes from the building and automobile industries. Asia-Pacific is home to the world's largest construction market, which is driven by China and India. The rise of construction activities in these countries is primarily driven by causes such as rising living standards, rising per capita income, industrialization, and infrastructure development and renovation.
Based on the end-user industry, the global Methylene Dichloride market is divided into Pharmaceuticals, Agrochemical, Paint and Varnish Remover, Foam Manufacturing, and Others. Among these sectors Pharmaceuticals, Agrochemical are the leading segments and held about 50% of the global Methylene Dichloride market in 2022 and is anticipated to prevail the similar trend in the upcoming years.
Major players in the Global Methylene Dichloride market are Dow Chemical Company, AkzoNobel N.V., Ineos Group, Solvay S.A., KEM ONE, Shin-Etsu Chemical Co. Ltd., Gujarat Alkalies & Chemicals Ltd., Tokuyama Corporation, Occidental Petroleum Corporation, and Ercros S.A.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Methylene Dichloride which covers production, demand and supply of Methylene Dichloride market in the globe.
• To analyse and forecast the market size of Methylene Dichloride
• To classify and forecast Global Methylene Dichloride market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Methylene Dichloride market in the globe.
To extract data for Global Methylene Dichloride market, primary research surveys were conducted with Methylene Dichloride manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Methylene Dichloride market over the coming years.
ChemAnalyst calculated Methylene Dichloride demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Methylene Dichloride. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Methylene Dichloride manufacturers and other stakeholders
• Organizations, forums and alliances related to Methylene Dichloride distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Methylene Dichloride manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Methylene Dichloride market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2022
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1900 thousand tonnes
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Market size Volume in 2032
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3000 thousand tonnes
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Growth Rate
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CAGR of 4.56% from 2023 to 2032
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2032
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Quantitative units
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Demand in thousand tonnes and CAGR from 2023 to 2032
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Report coverage
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Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
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Segments covered
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By End-Use: (Pharmaceuticals, Agrochemical, Paint and Varnish Remover, Foam Manufacturing, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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