Indian Chloromethane Market Size Forecast to Reach $115.8 Million by 2026

New York, NY -- (SBWIRE) -- 10/18/2021 -- Indian chloromethane Market size is forecast to reach US$115.8 Million by 2026, after growing at a CAGR of 6.2% during 2021-2026. Chloromethane is also known as methyl chloride which is a clear, and colorless gas present in the atmosphere. The product belongs to an organic compound called haloalkanes. Chloromethane is an anthropogenic and naturally available chemical in the atmosphere. Chloromethane is water-soluble and highly flammable with a faint sweet smell. They are manufactured and developed by the reaction of hydrogen chloride and methanol and they can also be developed by chlorination of methane. Chloromethane finds its usage in different applications such as industrial solvents, refrigerants, silicone polymer, chemical intermediates, and others. The growing demand from different end-use industries such as pharmaceutical, automotive, construction, personal care products, and others are positively driving the market growth during the forecast period. The growing usage of silicone in various end-user industries is further driving the market growth for chloromethane over the forecast period. However, stringent regulations on chloromethane are likely to hamper the market growth during the forecast period.