The India Chloroform market has grown significantly in the historical period of FY2015- FY2022 and the market stood at roughly 310 thousand tonnes in FY2023 and is anticipated to grow at a steady CAGR of 3.2% by FY2033.
Chloroform, also known as Trichloromethane is a colorless organic compound with a sweet smell. Chloroform is utilized as a solvent in medicines and as an anesthetic in medicinal procedures to provide relief from pain. However, its use to produce anesthesia is about to decline. Chloroform works as a solvent for a variety of oils, lipids, rubber, and alkaline substances, which are used in a variety of end-use industries like the automobile, industrial, construction, medical, and transportation, and contributing to the market's expansion. Chloroform is a solvent used in the pharmaceutical sector as well as in the manufacture of dyes and pesticides. For the purpose of extracting plant material for use in pharmaceutical processing, chloroform is frequently used since it is a potent solvent for alkaloids in their basic form. It serves as a solvent in organic chemistry, photography, and the production of insecticides, medicines, and dyes. Additional applications include spot removal in dry cleaning, fumigant use, and lowering the freezing point of carbon tetrachloride in fire extinguishers. As a reagent, chloroform acts as a source of the dichlorocarbene CCl2 group. Through a reaction with aqueous sodium hydroxide, typically in the presence of a phase transfer catalyst, dichlorocarbene (CCl2) is produced. This reagent facilitates the ortho-formylation of activated aromatic rings, such as phenols, leading to the generation of aryl aldehydes in a process known as the Reimer-Tiemann reaction. Alternatively, the carbene can be captured by an alkene, forming a cyclopropane derivative. The demand for chloroform is rising due to the production of fluorocarbon-22, which is widely used in air conditioning systems and has a positive impact on the chloroform market in India. The size of India Chloroform market is likely to reach approximately 430 thousand tonnes by FY2033.
Based on region, the India Chloroform Market is segregated into North, South, East, and West. Currently, West India has been dominating the market followed by North India. Gujarat and Maharashtra are the key consumers of Chloroform owing to the presence of numerous pharmaceutical manufacturers like Cipla Ltd. and Sun Pharmaceutical Industries Ltd.
Based on end-use, the India Chloroform market is segregated into Refrigeration, Solvent, Pharmaceutical, Dyes & pesticides, and Others. Among these, Refrigeration industry is the leading segment with a market share of 42% in FY2023. Chloroform is frequently utilized as a solvent in laboratory settings due to its relatively unreactive nature, compatibility with most organic liquids, and convenient volatility. In the pharmaceutical industry, as well as in the production of dyes and pesticides, chloroform finds application as a solvent. Its effectiveness in solubilizing alkaloids in their base form makes it a common choice for extracting plant materials in pharmaceutical processing.
Major players in the India Chloroform market are Meghmani Finechem Ltd. and Gujarat Fluorochemicals Limited (GFL) and others. Significant companies for Global Chloroform market are Dow Chemical Company, BASF SE, Solvay, Tokuyama Corporation, Shin-Etsu Chemical Co., Ltd., Akzo Nobel N.V., Nouryon, Sumitomo Chemical Co., Ltd., Khimprom, Occidental Petroleum Corporation, and others.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2023
Estimated Year: FY2024
Forecast Period: FY2025- FY2033
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Objective of the Study:
• To assess the demand-supply scenario of Chloroform which covers production, demand and supply of Chloroform market in India.
• To analyse and forecast the market size of Chloroform in India.
• To classify and forecast India Chloroform market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Chloroform market in India.
To extract data for India Chloroform market, primary research surveys were conducted with Chloroform manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for India Chloroform market over the coming years.
ChemAnalyst calculated Chloroform demand in India by analyzing the volume of Chloroform consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Chloroform manufacturers and other stakeholders
• Organizations, forums and alliances related to Chloroform distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Chloroform manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India Chloroform market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in FY2023
310 thousand tonnes
Market size Volume by FY2033
430 thousand tonnes
Growth Rate
CAGR of 3.2% from FY2024 to FY2033
Base year
FY2023
Estimated Year
FY2024
Historic Data
FY2015 – FY2022
Forecast period
FY2025 – FY2033
Quantitative units
Demand in thousand tonnes and CAGR from FY2024 to FY2033
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: ((Refrigeration, Solvent, Pharmaceutical, Dyes & pesticides, and Others)
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Member - Board of Directors
Osaka Gas Co. Ltd
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Which region is dominating the India Chloroform market as of FY2023?
Ans:
West India is dominating the India Chloroform market as of FY2023.
Q2.
Which industry is dominating the India Chloroform market?
Ans:
As of FY2023, Refrigeration Industry is dominating the Chloroform market in India with an estimated share of nearly 42%.
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