Global Carbon Tetrachloride Market Size To Worth USD 804.52 Million By 2033 | CAGR Of 4.27%
Category: Chemicals & MaterialsGlobal Carbon Tetrachloride Market Size To Worth USD 804.52 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Carbon Tetrachloride Market Size is Expected to Grow from USD 529.37 Million in 2023 to USD 804.52 Million by 2033, at a CAGR of 4.27% during the forecast period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 230 pages with 110 Market data tables and figures & charts from the report on the "Global Carbon Tetrachloride Market Size, Share, and COVID-19 Impact Analysis, By Product Grade (Industrial Grade, Laboratory Grade, and Others), By Application (Chemical Intermediate, Industrial Synthesis, Solvent Production, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/carbon-tetrachloride-market
The global carbon tetrachloride market refers to the production, distribution, and consumption of carbon tetrachloride, a chemical used as an intermediary in industrial applications. Carbon tetrachloride is a colorless, non-burning liquid with a distinct sweet odor that has traditionally been employed in the manufacture of solvents, refrigerants, and fire extinguishers. The rising adoption of green refrigerants is the key driver of market growth. Over the years, refrigerants have been used in a variety of cooling equipment and systems. New eco-friendly refrigerants are being developed in an effort to slow the rise in global temperatures. Aside from mitigating the effects of global warming, eco-friendly refrigerants offer as alternatives to currently employed refrigerants with sophisticated properties and performance. However, carbon tetrachloride poses major health risks and harms the environment. Due to its severe toxicity, the organic molecule causes ozone depletion. Furthermore, the growing worries from various environmental agencies limit its expansion.
The industrial grade segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the product grade, the carbon tetrachloride market is divided into industrial grade, laboratory grade, and others. Among these, the industrial grade segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The extensive use of industrial-grade carbon tetrachloride in chemical manufacturing and certain industrial processes, such as catalyst regeneration in petrochemical refining and the synthesis of hydrofluorocarbons (HFCs) and chlorofluorocarbons (CFCs), is thought to be the cause of this dominance.
The chemical intermediate segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the carbon tetrachloride market is divided into chemical intermediate, industrial synthesis, solvent production, and others. Among these, the chemical intermediate segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. This is because carbon tetrachloride is a basic ingredient or intermediate used to make a variety of industrial chemicals, including hydrofluorocarbons (HFCs), chlorofluorocarbons (CFCs), and other halogenated compounds.
Asia Pacific is estimated to hold the largest share of the carbon tetrachloride market over the forecast period.
Get more details on this report -
Asia Pacific is estimated to hold the largest share of the carbon tetrachloride market over the forecast period. Asia Pacific is rapidly industrializing and modernizing, which has raised demand for various chemicals in the regional market. Furthermore, China and India dominate in terms of consumption and production, and regional emerging economies like Indonesia, Taiwan, and Malaysia are expected to contribute significantly during the forecast period.
North America is predicted to have the fastest CAGR growth in the carbon tetrachloride market over the forecast period. The region has a well-established chemical production sector, which continues to drive carbon tetrachloride demand as a chemical intermediate for controlled and specialized applications. Furthermore, the presence of major market players and excellent research centers in North America supports the continued use of carbon tetrachloride in laboratory-grade applications and specialized chemical production.
Major key players in the carbon tetrachloride market include ARIHANT SOLVENTS AND CHEMICALS, Loba Chemie Pvt. Ltd., Merck KGaA, Occidental Petroleum Corp., Meghmani Finechem Limited, Gujarat Alkalies and Chemicals Ltd., Chemtex Speciality Limited, East India Chemicals International, Kem One Group, LGC Limited, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the carbon tetrachloride market based on the below-mentioned segments:
Global Carbon Tetrachloride Market, By Product Grade
- Industrial Grade
- Laboratory Grade
- Others
Global Carbon Tetrachloride Market, By Application
- Chemical Intermediate
- Industrial Synthesis
- Solvent Production
- Others
Global Carbon Tetrachloride Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?