Global Chloroform Market Expected to Reach $9.7 Billion by 2030, With a Strong CAGR of 3.6%

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Oct 13, 2023, 20:30 ET

DUBLIN, Oct. 13, 2023 /PRNewswire/ -- The "Chloroform - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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:

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.
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.
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.
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.
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

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