( MENAFN - EIN Presswire) Emergen Research Logo The global Chloroform market size is expected to reach USD 9.45 Billion in 2032 registering a CAGR of 2.6%.
VANCOUVER, BRITISH COLUMBIA, CANADA, June 10, 2024 /EINPresswire / -- The global Chloroform market size was USD 7.32 Billion in 2022 and is expected to register a revenue CAGR of 2.6% during the forecast period.
Rising demand for chloroform from the Pharmaceutical industry, solvent properties of chloroform, crucial intermediate in the production of plastics, pharmaceuticals, dyes, and pesticides, and significantly increasing number of chloroform applications in pharmaceutical and agrochemical industries are factors expected to drive revenue growth of the global chloroform market. Chloroform, chemically known as trichloromethane (CHCl3), is a volatile, colorless liquid with a sweet smell. It has various industrial and laboratory uses, notably as a solvent and in the production of fluorocarbon refrigerants.
Historically known for its anesthetic properties, chloroform's use in anesthesia has significantly declined due to safety concerns, but it remains important in chemical manufacturing and research. The global chloroform market is influenced by its applications in pharmaceuticals, agrochemicals, and the production of dyes and pesticides. Key players in this market include chemical giants like Dow Chemical, Akzo Nobel N.
V., and Solvay S.A.
Emergen Research's latest market research report focuses on the global Chloroform mark.