Methylene chloride is primarily used to extract various compounds, but it is also used in the manufacture of antibiotics and vitamins. It is also employed as a tablet coating agent. The pharmaceutical market is rapidly expanding as a result of the growing middle class, ageing, rising incomes, and increased urbanisation in countries such as the United States, China, and India, among others. The healthcare industry in the United States is by far one of the most advanced in the world. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), US companies conduct more than half of the world's pharmaceutical RD and own the intellectual property rights to the majority of new medicines.
Data Bridge Market Research analyses that the methylene chloride market was valued at USD 1,453.76 million in 2021 and is expected to reach an estimated value of 1869.55 million in 2029 with a CAGR of 5.2% during the forecast period.
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Market Overview:
Methylene chloride, also known as dichloromethane, is a colourless, transparent liquid with a sweet odour. They are widely used in a variety of applications including pharmaceuticals, metal cleaning, foam manufacturing, chemical processing, and others.
Some of the major players operating in the methylene chloride market are:
- BASF SE (Germany)
- Dow (U.S.)
- INEOS(Switzerland)
- SABIC (Saudi Arabia)
- LyondellBasell Industries Holdings B.V.(Netherlands)
- DuPont (U.S.)
- Royal Dutch Shell plc (Netherlands)
- Bayer AG (Germany)
- Clariant (Switzerland)
- Huntsman International LLC (U.S.)Global Methylene Chloride Market ScopeThe Global methylene chloride market is segmented on the basis of application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.Application
- Paint remover
- Pharmaceuticals
- Chemical processing
- Foam manufacturing
- Metal cleaning
- Solvent
- OthersEnd user
- Pharmaceuticals
- Chemicals
- Metals and Metallurgy
- Others
- OthersBrowse More About This Research Report @ https://www.databridgemarketresearch.com/reports/global-methylene-chloride-marketHighlights of TOC:Part 01: Executive SummaryPart 02: Scope of the ReportPart 03: Global Methylene Chloride Market LandscapePart 04: Global Methylene Chloride Market SizingPart 05: Global Methylene Chloride Market Segmentation By ProductPart 06: Five Forces AnalysisPart 07: Customer LandscapePart 08: Geographic LandscapePart 09: Decision FrameworkPart 10: Drivers and ChallengesGet the Full Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-methylene-chloride-marketBrowse Trending Reports: link
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