Chloroform Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Chloroform is an organic compound with a molecular formula of CHCl3 and belongs to the group of compounds known as trihalomethanes. It is available in the form of a clear colorless liquid with a typical odor. Chloroform is relatively unreactive, conveniently volatile, and miscible with most organic liquids, thus being used as a common solvent for laboratory purposes. It is usually non-flammable in nature, though it burns under extreme conditions. It is used as a solvent in the pharmaceutical industry and for producing dyes and pesticides.
Chloroform Market Taxonomy
On the basis of application, the chloroform market is classified into:
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Reagent
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Solvent
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Intermediate
On the basis of end-use industry, the global chloroform market is classified into:
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Pharmaceuticals
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Agriculture
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Chemicals
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Food and Beverages
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Chloroform Market Outlook – Increasing Demand in Chemicals and allied Industries to be the Major Market Driver
Asia Pacific and North America are expected to be the most potential markets for chloroform manufacturers. According to IBEF, India was the seventh largest producer of chemicals in the world worldwide and third largest producer in Asia. The estimated size of the chemicals sector in India, accounts for around US$ 139 billion. During 2015-2016, around 23.9 million tons of major chemicals such as petrochemicals were produced.
Major Keyplayers: Amadis Chemicals, Sigma-Aldrich, Chem Tik, MP Biomedicals, Tokyo Chemical Industry, abce CGmbH, AKos Consulting & Solutions, Mcule, Acadechem, Wutech, Molepedia, iChemical, IS Chemical Technology, Chembase.cn, and Life Chemicals.
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