Market Revenue Dichloromethane Industry Analysis by Application | Page 2

The market for dichloromethane was mainly driven by high demand from paints & coatings market.
Dichloromethane is used as solvent in paints & coatings and huge demand from paints and coatings
industry is driving the market in past few years.
Other industries such as adhesives & sealants, textiles and pharmaceutical are expected to exhibit
steady demand for dichloromethane in the coming years. Increasing demand from fluorocarbons is
likely to provide bigger opportunities for the dichloromethane market in next coming years.
Increasing demand for HFC-32 from end-user industries is likely to offer more demand for
dichloromethane in years to come. However, stringent government regulations faced by methylene
chloride industry due to being considered as potential carcinogenic chemical is anticipated to hider
the growth of the market in next coming years.
On the basis of application, the dichloromethane market is segmented into paint remover,
pharmaceuticals, chemical processing, foam manufacturing, metal cleaning and so on. On the basis
of geography, the dichloromethane market is segmented into North America, Asia Pacific, Europe,
Latin America and Middle East & Africa.
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Asia Pacific was the leading region in methylene chloride market. Asia Pacific is expected to be one of
the fastest growing markets for methylene chloride due to increasing demand for solvents from
various end-user industries. China exhibited the highest demand for methylene chloride in Asia Pacific
region.
India and Pakistan accounted for second-largest market share for methylene chloride in Asia Pacific
region. India is likely to be the fastest growing country for methylene chloride in this region. However,
other regions such as Japan, South Korea and Southeast Asia is likely to exhibit stable demand for
methylene chloride in next few years to come.
UK dominated the demand for methylene chloride in Europe. However, other countries such as
Germany, France, The Netherlands, and Italy are likely to increase its demand for methylene chloride
in upcoming years. North America had the third largest demand for methylene chloride. The U.S. had
the largest demand for methylene chloride owing to huge demand from end-user industries such as
paints & coatings, adhesives and pharmaceuticals among others.