Chloroform Market Report 2024 (Global Edition)

Global Chloroform Market Report 2024 Market Size Split by Grade (Technical Grade, Alcohol Stabilized Grade, Fluorocarbon Grade), by Application (Solvent, Intermediate, Reagent), by End-Use (Pharmaceut...

Chloroform Market Report Description

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Chloroform Market Insights Video

Competitive Landscape of the Chloroform Market

The industry is dominated by major players like BASF, Dow Chemical, and AkzoNobel, and the chloroform market is competitive. To stay in the market, these businesses place a strong emphasis on cutting-edge manufacturing processes and strict quality assurance measures. Acquisitions, mergers, and strategic alliances are common ways to increase production capacity and market penetration. Furthermore, new regional manufacturers influence market dynamics by pressuring older firms to constantly innovate and streamline their operations in order to satisfy shifting regulatory and industrial requirements.

February 2023: An investment agreement has been reached between LyondellBasell and KIRKBI A/S in APK, a business well-known for its solvent-based recycling system designed for low-density chloroform. LyondellBasell and KIRKBI A/S have acquired minority holdings in APK as a result of this strategic move. (Source: https://www.lyondellbasell.com/en/news-events/corporate--financial-news/lyondellbasell-and-kirkbi-invest-in-apk-to-develop-recycling-technology/) January 2022: By modernizing the production of chloroformates and acid chlorides at its Ludwigshafen location, BASF is investing a low three-digit million-euro sum, which will increase capacity by around 30% by 2025. This update is indicative of BASF's dedication to dependable manufacturing and its standing as the industry's top producer of chemicals worldwide. (Source: https://www.basf.com/global/en/media/news-releases/2022/01/p-22-124.html) August 2021: High-density chloroform HD1954M, which Braskem introduced, is renowned for its exceptional impact strength, stiffness, and resistance to environmental stress cracking (ESCR). With this innovation, packaging productivity and efficiency will be increased while meeting the unique requirements of the chemical and agrochemical industries. (Source: https://www.braskem.com.br/news-detail/braskem-launches-new-polyethylene-resin-in-the-rigid-packaging-segment)

Top Companies Market Share in Chloroform Industry: (In no particular order of Rank)

• BASF SE (Germany)
• Abcr GmbH (Germany)
• The Merck Group (Germany)
• INEOS Group Limited (UK)
• Solvay S.A (Belgium)
• Productos Aditivos-ADDITIVE PRODUCTS
• SA (Spain)
• Kem One (France)
• Akzo Nobel N.V. (Netherlands)
• LyondellBasell (Netherlands)
• Khimprom Novocheboksarsk (Russia)
• Arihant Chemical (India)
• SRF Limited (India)
• RIDHDHI SIDHDHI CHEMICALS (India)
• JIGCHEM UNIVERSAL (India)
• Tokuyama Corporation (Japan)
• Tokyo Chemical Industry Co.
• Ltd. (Japan)
• Shin-Etsu Chemical Co.
• Ltd. (Japan)
• Amadis Chemical (China)
• Acadechem Company Limited (HONG KONG)
• Olin Corporation (US)
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Chloroform Market

Which Region Dominates the Chloroform Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. The chloroform marketplace in North America is experiencing a boom driven by improved demand for prescribed drugs, plastics, and chemical studies. Despite regulatory challenges and protection issues, the vicinity's sturdy industrial sector and advancements in the chemical era contribute to its expansion. Ongoing investments in studies and improvement are also shaping the marketplace that specializes in safer alternatives and advanced tactics.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Chloroform market. In Asia Pacific, the chloroform marketplace is increasing due to the growing demand for prescribed drugs, chemical synthesis, and study applications. The growth is supported by way of improvements in the chemical era and expanded business activity. However, stringent policies and a shift closer to safer alternatives are influencing market dynamics, riding innovation, and adopting more sustainable practices in the region.

The current report Scope analyzes Chloroform Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Chloroform Market

According to Cognitive Market Research, the global Chloroform market size was estimated at USD 2842.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1137.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Chloroform market with a market size of USD 897.09 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The nation's pharmaceutical demand.
• The Canada Chloroform market had a market share of USD 136.44 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Canada's agrochemical production.
• The Mexico Chloroform market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 103.47 million in 2024.

Europe Chloroform Market

According to Cognitive Market Research, the global Chloroform market size was estimated at USD 2842.5 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 852.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Chloroform market had a market share of USD 143.26 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, Chloroform sales witness an upswing due to the chemical industry growth.
• The France Chloroform market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 78.45 million in 2024.
• According to Cognitive Market Research, the German Chloroform market size was valued at USD 168.84 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, Chloroform surged due to the solvent use.
• The Italy Chloroform market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 73.34 million in 2024.
• The Russia Chloroform market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 132.18 million in 2024.
• The Spain Chloroform market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 69.93 million in 2024
• The Luxembourg Chloroform market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 26.44 million in 2024.
• The Portugal Chloroform market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 17.91 million in 2024.
• The Greece Chloroform market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 10.23 million in 2024.
• Rest of Europe's Chloroform market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 132.18 million in 2024.

Asia Pacific Chloroform Market

According to Cognitive Market Research, the global Chloroform market size was estimated at USD 2842.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 653.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

• According to Cognitive Market Research, the China Chloroform market size was valued at USD 294.20 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Chloroform surged in China due to the r&d activities.
• The Japan Chloroform market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 90.22 million in 2024.
• The India Chloroform market had a market share of USD 78.45 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India's healthcare industry.
• The South Korean Chloroform market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 65.38 million in 2024.
• The Australian Chloroform market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 34.00 million in 2024.
• The South East Asia Chloroform market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 45.11 million in 2024.
• The Rest of Asia Pacific Chloroform market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 46.42 million in 2024.

South America Chloroform Market

According to Cognitive Market Research, the global Chloroform market size was estimated at USD 2842.5 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 142.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Chloroform market size was valued at USD 60.83 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Chloroforms flourished in Brazil due to the regulation changes.
• Argentina's Chloroform market had a market share of USD 23.88 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's technological advancements.
• Colombia Chloroform market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 12.65 million in 2024.
• Peru Chloroform market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 11.65 million in 2024.
• Chile Chloroform market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 10.23 million in 2024.
• The Rest of Latin America's Chloroform market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 22.88 million in 2024.

Middle East and Africa Chloroform Market

According to Cognitive Market Research, the global Chloroform market size was estimated at USD 2842.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 56.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..

• The GCC Countries Chloroform market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 24.33 million in 2024. Chloroform sales flourish due to the export-import activities.
• The Egypt Chloroform market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 5.97 million in 2024.
• The South Africa Chloroform market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 8.98 million in 2024. Chloroform sales flourish in South Africa due to industrial applications.
• The Turkey Chloroform market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 4.89 million in 2024.
• The Nigeria Chloroform market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 5.97 million in 2024.
• The Rest of MEA Chloroform market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 6.71 million in 2024.

Chloroform Market Analysis

Chloroform Market Grade Segment Analysis

According to Cognitive Market Research, Technical Grade, stands out as the dominant category over the projected period. The technical grade chloroform marketplace is developing because of its wide applications in business methods, inclusive of solvents for prescription drugs, plastics, and chemical compounds. Its purity and effectiveness make it vital for numerous manufacturing and studies sports. Increased business production and demand for brilliant chemical intermediates contribute to the enlargement of the technical-grade chloroform marketplace.

Alcohol Stabilized Grade emerges as the fastest-growing category in the Chloroform market. The alcohol-stabilized grade chloroform marketplace is expanding because of its enhanced balance and reduced volatility, making it appropriate for specialized programs in pharmaceuticals and laboratories. This grade gives progressed safety and overall performance, using its demand in precision and research environments. Growing desires for dependable and strong solvents in diverse commercial and medical programs support the market boom.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Chloroform Industry. Request a Free Sample PDF!

Chloroform Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is Solvent. The chloroform market as a solvent is developing due to its versatility in dissolving numerous compounds utilized in prescribed drugs, chemical substances, and commercial programs. Its effectiveness in extraction and formula tactics drives calls for more than one sector. The marketplace enlargement is fueled by means of improved industrial sports and studies needs, even though safety concerns and regulatory pressures are influencing its utilization.

The fastest-growing category in the Chloroform market is Intermediate. The chloroform marketplace as an intermediate is developing due to its crucial role in synthesizing various chemicals, consisting of prescribed drugs, plastics, and agrochemicals. Its effectiveness in chemical reactions drives demand throughout multiple industries. The marketplace boom is supported with the aid of rising business activities and the need for powerful intermediates in complicated chemical strategies, despite growing regulatory and protection issues.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Chloroform End-Use Segment Analysis

Chloroform Market End-Use Segment Analysis

According to Cognitive Market Research, the dominant category is Pharmaceutical Industry. The chloroform marketplace is developing inside the pharmaceutical enterprise due to its use as a solvent for extracting and purifying lively pharmaceutical substances. Its effectiveness in drug formula and production tactics drives demand. Despite regulatory challenges and protection worries, the pharmaceutical zone's expanding needs for green extraction and synthesis contribute to the marketplace's ongoing boom.

The fastest-growing category in the Chloroform market is Chemical Industry. The chloroform market is increasing in the chemical industry due to its function as a key intermediate in generating numerous chemicals, which include plastics, dyes, and agrochemicals. Its effectiveness in chemical synthesis drives demand throughout multiple programs. Growth within the chemical zone, coupled with growing business activities, fuels the ongoing want for chloroform regardless of regulatory and protection concerns.

• Pharmaceutical Industry
• Chemical Industry
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David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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